Pultec Windows Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07611644 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

PULTEC WINDOWS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

V K M Deseyn

REGISTERED OFFICE:

4 Office Village

Forder Way, Cygnet Park

Hampton

Peterborough

PE7 8GX

REGISTERED NUMBER:

07611644 (England and Wales)

ACCOUNTANTS:

TC CH Limited

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

CURRENT ASSETS

Debtors

4

2,806

2,806

CREDITORS

Amounts falling due within one year

5

1,362,281

1,361,775

NET CURRENT LIABILITIES

(1,359,475

)

(1,358,969

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,359,475

)

(1,358,969

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(1,359,575

)

(1,359,069

)

SHAREHOLDERS' FUNDS

(1,359,475

)

(1,358,969

)

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

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

The director acknowledges her 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 28 August 2023 and were signed by:

V K M Deseyn - Director

1.	STATUTORY INFORMATION

Pultec Windows Ltd 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

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operation existence for the foreseeable future. The validity of this assumption depends upon an improvement in the company's trading position and continued financial support from its owner.

Creditors

Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed by group undertakings

2,706

2,706

Prepayments and accrued income

100

100

2,806

2,806

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

8

150

Amounts owed to group undertakings

1,355,808

1,355,808

Directors' loan accounts

6,117

5,487

Accruals and deferred income

348

330

1,362,281

1,361,775

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary Shares

£1

100

100

7.	RELATED PARTY DISCLOSURES

Included in other creditors is a loan from the director V Deseyn to the company of £6,117 [2021: £5,487]. This loan is interest free and payable on demand.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Jan Marcel De Poorter by virtue of their holding of the issued ordinary share capital.

9.	AMOUNTS OWED TO/BY ASSOCIATED COMPANIES

Included within debtors is an amount of £2,706 (2021 - £2,706) owed to Pultec Windows Limited by companies associated by common control.

Included within creditors is an amount of £1,355,808 (2021 - £1,355,808) owed to companies associated with Pultec Windows Limited by common control as at 31 December 2022.

These loans are not repayable in the medium term and no interest has been charged. The financial statements have been prepared on a going concern basis on the understanding that the financial support above will be ongoing for the foreseeable future.