South Wales Windows Ltd
|
Registered number: |
11292874
|
Balance Sheet |
as at 31 March 2022
|
|
Notes |
|
|
2022 |
|
|
2021 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
15,386 |
|
|
13,221 |
|
Current assets |
Stocks |
|
|
31,680 |
|
|
27,566 |
Debtors |
4 |
|
268,527 |
|
|
249,726 |
Cash at bank and in hand |
|
|
11,544 |
|
|
53,639 |
|
|
|
311,751 |
|
|
330,931 |
|
Creditors: amounts falling due within one year |
5 |
|
(209,797) |
|
|
(231,658) |
|
Net current assets |
|
|
|
101,954 |
|
|
99,273 |
|
Total assets less current liabilities |
|
|
|
117,340 |
|
|
112,494 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(47,336) |
|
|
(66,964) |
|
|
|
Net assets |
|
|
|
70,004 |
|
|
45,530 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
3 |
|
|
3 |
Profit and loss account |
|
|
|
70,001 |
|
|
45,527 |
|
Shareholders' funds |
|
|
|
70,004 |
|
|
45,530 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
Mr N Tamplin |
Director |
|
Approved by the board on 14 December 2022
|
|
South Wales Windows Ltd
|
Notes to the Accounts |
for the year ended 31 March 2022
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the supply and installation of double glazed products.Turnover is recognised when the installation is completed.
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets using the reducing balance method over its expected useful life, as follows:
|
|
|
Fixtures, fittings, tools and equipment |
over 10 years |
|
Motor vehicles |
over 6 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current period.
|
|
|
2 |
Employees |
2022 |
|
2021 |
Number |
Number |
|
|
Average number of persons employed by the company |
8 |
|
5 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2021 |
16,329 |
|
- |
|
16,329 |
|
Additions |
- |
|
5,500 |
|
5,500 |
|
Disposals |
(1,629) |
|
- |
|
(1,629) |
|
At 31 March 2022 |
14,700 |
|
5,500 |
|
20,200 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2021 |
3,108 |
|
- |
|
3,108 |
|
Charge for the year |
1,190 |
|
825 |
|
2,015 |
|
On disposals |
(309) |
|
- |
|
(309) |
|
At 31 March 2022 |
3,989 |
|
825 |
|
4,814 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2022 |
10,711 |
|
4,675 |
|
15,386 |
|
At 31 March 2021 |
13,221 |
|
- |
|
13,221 |
|
|
4 |
Debtors |
2022 |
|
2021 |
£ |
£ |
|
|
Trade debtors |
268,527 |
|
249,726 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
£ |
£ |
|
|
Bank loans and overdrafts |
13,302 |
|
3,571 |
|
Trade creditors |
126,238 |
|
163,429 |
|
Taxation and social security costs |
64,257 |
|
58,658 |
|
Other creditors |
6,000 |
|
6,000 |
|
|
|
|
|
|
209,797 |
|
231,658 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
£ |
£ |
|
|
Bank loans |
47,336 |
|
66,964 |
|
|
|
|
|
|
|
|
|
|
7 |
Other information |
|
|
South Wales Windows Ltd is a private company limited by shares and incorporated in Wales. Its registered office is: |
|
74 Wyndham Crescent |
|
Cardiff |
|
Wales |
|
CF11 9EF |