K And M Windows (Wales) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09289887 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2022

for

K And M Windows (Wales) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M D Carrier

Mrs E Carrier

REGISTERED OFFICE:

Williamston House

7 Goat Street

HAVERFORDWEST

Pembrokeshire

SA61 1PX

REGISTERED NUMBER:

09289887 (England and Wales)

FIXED ASSETS

Tangible assets

4

18,391

34,427

CURRENT ASSETS

Stocks

5,000

39,377

Debtors

129,396

111,862

Cash at bank

501

-

134,897

151,239

CREDITORS

Amounts falling due within one year

61,330

74,020

NET CURRENT ASSETS

73,567

77,219

TOTAL ASSETS LESS CURRENT LIABILITIES

91,958

111,646

CREDITORS

Amounts falling due after more than one year

5

(40,852

)

(52,196

)

PROVISIONS FOR LIABILITIES

(553

)

(3,444

)

NET ASSETS

50,553

56,006

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

50,551

56,004

SHAREHOLDERS' FUNDS

50,553

56,006

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:

M D Carrier - Director

1.	STATUTORY INFORMATION

K And M Windows (Wales) 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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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 4 (2021 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2021

46,107

Additions

240

Disposals

(10,500

)

At 31 October 2022

35,847

DEPRECIATION

At 1 November 2021

11,680

Charge for year

6,214

Eliminated on disposal

(438

)

At 31 October 2022

17,456

NET BOOK VALUE

At 31 October 2022

18,391

At 31 October 2021

34,427

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.10.22

31.10.21

£

£

Repayable by instalments

Bank loans more 5 yr by instal

12,150

16,497

Lloyds Bank Loan 2308

-

2,083

12,150

18,580