D & L Windows & Doors Ltd |
Registered Number:11956391 |
For the year ended 30 April 2022
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2022
D & L Windows & Doors Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
D & L Windows & Doors Ltd
Statement of Financial Position
2021
2022
4,000
6,000
Property, plant and equipment |
3,739
5,119
2
7,739
11,119
11,960
5,052
3
Trade and other receivables |
14,318
14,236
4
22,292
Cash and cash equivalents |
9,067
28,355
48,570
Trade and other payables: amounts falling due within one |
year |
(50,820)
(34,241)
6
(2,250)
(5,886)
Net current liabilities
Total assets less current liabilities |
1,853
8,869
-
(1,102)
Provisions for liabilities |
1,853
Net assets
7,767
2
2
1,851
7,765
1,853
7,767
Shareholders' funds
For the year ended 30 April 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 25 August 2022 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 April 2022
D & L Windows & Doors Ltd
Notes to the Financial Statements
Statutory Information
D & L Windows & Doors Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 11956391. |
16 Wedmore Close
Duston
Northampton
England
NN5 6AQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 30 April 2022
D & L Windows & Doors Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
8,761
1,010
7,000
751
67
-
-
67
818
7,000
1,010
8,828
Provision for depreciation and impairment |
3,642
338
3,063
241
Charge for year
1,447
254
985
208
5,089
592
4,048
449
369
2,952
418
3,739
510
3,937
672
5,119
2021
2022
5,052
11,960
Stock and WIP
4. Trade and other receivables |
2021
2022
7,450
10,800
6,786
3,518
14,318
14,236
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For the year ended 30 April 2022
D & L Windows & Doors Ltd
Notes to the Financial Statements Continued
5. Financial instruments at fair value |
The company has elected to apply the provisions of Setion 11 "Basic Financial Instruments" and Section 12 "Other |
Financial Instruments Issues" of FRS 102 to all of its financial instruments. Financial instruments are recognised in |
the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a |
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to |
realise the asset and settle the liability simultaneously. |
Basic finncial assets, which include debtors and cash and bank balances, are initially measured at transaction price |
including transaction costs and are subsequently carried at amortised cost using the effective interest method unless |
the arrangement constitues and financing transaction, where the transaction is measured at present value of the |
future receipts discounted at a market rate of interest. |
Financial assets classified as receivable within one year are not amortised. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements |
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company |
after deducting all of its liabilities. |
Basic financial liabilities |
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares |
that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing |
transaction, where the debt instrument is measured at the present value of future payments discounted at a market |
rate of interest. |
Financial liabilities classified as payable within one year are not amortised. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
6. Trade and other payables: amounts falling due within one year |
2021
2022
1,887
3,769
Taxation and social security |
8,208
17,281
24,146
29,770
34,241
50,820
7. Related party transactions |
At the balance sheet date, the directors were jointly owed £22,976 (2021 £28,500) by the company. The loan is |
interest free and repayable on demand. |
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For the year ended 30 April 2022
D & L Windows & Doors Ltd
Notes to the Financial Statements Continued
8. Guarantees and other financial commitments |
At 30 April 2022 the company had annual commitments under non-cancellable operating leases as set out below: |
2021
2022
Operating leases which expire: |
1,923
1,923
4,327
2,404
4,327
6,250
9. Average number of persons employed |
During the year the average number of employees was 2 (2021 : 2)
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