The New Window Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06440582 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

The New Window Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T R Wakeman

REGISTERED OFFICE:

The Old Barn, Elms Farm

Frieston Heath

Caythorpe

Grantham

NG32 3HD

REGISTERED NUMBER:

06440582 (England and Wales)

ACCOUNTANTS:

Astar (Advisory & Business Services) Limited

Unit 6, Five Mile Business Park

Blackthorn Way

Lincoln

Lincolnshire

LN4 1BF

FIXED ASSETS

Tangible assets

4

8,515

26,187

CURRENT ASSETS

Stocks

4,000

4,000

Debtors

5

171,030

137,843

Cash at bank and in hand

245,289

209,616

420,319

351,459

CREDITORS

Amounts falling due within one year

6

322,931

311,260

NET CURRENT ASSETS

97,388

40,199

TOTAL ASSETS LESS CURRENT LIABILITIES

105,903

66,386

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

105,901

66,384

SHAREHOLDERS' FUNDS

105,903

66,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2022 and were signed by:

T R Wakeman - Director

1.	STATUTORY INFORMATION

The New Window Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

110,072

Additions

4,412

Disposals

(74,182

)

At 31 December 2021

40,302

DEPRECIATION

At 1 January 2021

83,885

Charge for year

2,612

Eliminated on disposal

(54,710

)

At 31 December 2021

31,787

NET BOOK VALUE

At 31 December 2021

8,515

At 31 December 2020

26,187

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

51,488

47,745

Other debtors

119,542

90,098

171,030

137,843

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

50,000

50,000

Taxation and social security

39,993

54,822

Other creditors

232,938

206,438

322,931

311,260