Windows Etc Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05862132

Unaudited Financial Statements for the Year Ended 31 July 2022

for

Windows Etc Ltd

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J Solomons

S J Solomons

SECRETARY:

S J Solomons

REGISTERED OFFICE:

Electra House

1A Gilberd Road

Colchester

Essex

CO2 7LR

REGISTERED NUMBER:

05862132

ACCOUNTANTS:

JTF

Chartered Certified Accountants

Electra House

1A Gilberd Road

Colchester

Essex

CO2 7LR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Windows Etc Ltd for the year ended 31 July 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Windows Etc Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Windows Etc Ltd and state those matters that we have agreed to state to the Board of Directors of Windows Etc Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Windows Etc Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Windows Etc Ltd. You consider that Windows Etc Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Windows Etc Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

JTF

Chartered Certified Accountants

Electra House

1A Gilberd Road

Colchester

Essex

CO2 7LR

15 March 2023

FIXED ASSETS

Tangible assets

4

334,092

411,433

Investments

5

2

2

334,094

411,435

CURRENT ASSETS

Stocks

463,662

136,189

Debtors

6

859,546

629,945

Cash at bank and in hand

810,362

455,565

2,133,570

1,221,699

CREDITORS

Amounts falling due within one year

7

1,107,429

679,733

NET CURRENT ASSETS

1,026,141

541,966

TOTAL ASSETS LESS CURRENT LIABILITIES

1,360,235

953,401

CREDITORS

Amounts falling due after more than one year

8

(83,213

)

(93,740

)

PROVISIONS FOR LIABILITIES

(17,805

)

(17,296

)

NET ASSETS

1,259,217

842,365

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,259,215

842,363

SHAREHOLDERS' FUNDS

1,259,217

842,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15 March 2023 and were signed on its behalf by:

J Solomons - Director

1.	STATUTORY INFORMATION

Windows Etc Ltd is a private company, limited by shares , registered in Not specified/Other. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Evenly over the term of the lease

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 20 (2021 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2021

782,226

Additions

160,359

Disposals

(218,918

)

At 31 July 2022

723,667

DEPRECIATION

At 1 August 2021

370,793

Charge for year

116,601

Eliminated on disposal

(97,819

)

At 31 July 2022

389,575

NET BOOK VALUE

At 31 July 2022

334,092

At 31 July 2021

411,433

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 August 2021

196,619

Additions

107,210

Disposals

(99,219

)

Transfer to ownership

(97,400

)

At 31 July 2022

107,210

DEPRECIATION

At 1 August 2021

55,860

Charge for year

41,219

Eliminated on disposal

(15,504

)

Transfer to ownership

(77,108

)

At 31 July 2022

4,467

NET BOOK VALUE

At 31 July 2022

102,743

At 31 July 2021

140,759

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 August 2021

and 31 July 2022

2

NET BOOK VALUE

At 31 July 2022

2

At 31 July 2021

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Trade debtors

545,014

471,331

Amounts owed by participating interests

264,379

107,145

Other debtors

50,153

51,469

859,546

629,945

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Bank loans and overdrafts

9,800

10,000

Hire purchase contracts (see note 9)

2,912

48,063

Trade creditors

876,724

458,801

Taxation and social security

196,000

157,248

Other creditors

21,993

5,621

1,107,429

679,733

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.22

31.7.21

£

£

Bank loans

29,807

39,167

Hire purchase contracts (see note 9)

53,406

54,573

83,213

93,740

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.7.22

31.7.21

£

£

Net obligations repayable:

Within one year

2,912

48,063

Between one and five years

53,406

54,573

56,318

102,636

Non-cancellable

operating leases

31.7.22

31.7.21

£

£

Within one year

57,564

62,564

Between one and five years

220,000

220,000

In more than five years

215,417

270,417

492,981

552,981

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.22

31.7.21

£

£

Hire purchase contracts

56,318

102,636

Liabilities under hire purchase contracts are secured on the assets to which they related.