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REGISTERED NUMBER: 04619530 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

DESIGNER GLASS LIMITED

DESIGNER GLASS LIMITED (REGISTERED NUMBER: 04619530)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DESIGNER GLASS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: Mr A Brierley
Mr R Townley-Jones





SECRETARY: Mr A Brierley





REGISTERED OFFICE: Rutland Industrial Park
Abbey Street (off, Lower Bloomsgrove Rd)
Ilkeston
Derbyshire
DE7 8DN





REGISTERED NUMBER: 04619530 (England and Wales)





ACCOUNTANTS: Elkingtons Accountants Limited
1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW

DESIGNER GLASS LIMITED (REGISTERED NUMBER: 04619530)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,006 40,472
36,006 40,472

CURRENT ASSETS
Stocks 51,781 31,388
Debtors 6 247,592 246,017
Cash at bank and in hand 81 16,978
299,454 294,383
CREDITORS
Amounts falling due within one year 7 247,097 236,894
NET CURRENT ASSETS 52,357 57,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,363

97,961

CREDITORS
Amounts falling due after more than one
year

8

(24,112

)

(34,022

)

PROVISIONS FOR LIABILITIES (6,841 ) (7,690 )
NET ASSETS 57,410 56,249

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 57,404 56,243
SHAREHOLDERS' FUNDS 57,410 56,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 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.

DESIGNER GLASS LIMITED (REGISTERED NUMBER: 04619530)

BALANCE SHEET - continued
31ST JANUARY 2023


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 7th September 2023 and were signed on its behalf by:




Mr A Brierley - Director



Mr R Townley-Jones - Director


DESIGNER GLASS LIMITED (REGISTERED NUMBER: 04619530)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

Designer Glass 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 represents net invoiced sales of goods, excluding value added tax. The Company has identified delivery of goods as its critical event, as the right to consideration does not arise until this is fulfilled, revenue is not recognised until that event occurs.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Fixtures and fittings - 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.

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.

DESIGNER GLASS LIMITED (REGISTERED NUMBER: 04619530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

2. ACCOUNTING POLICIES - continued

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 14 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2022
and 31st January 2023 180,000
AMORTISATION
At 1st February 2022
and 31st January 2023 180,000
NET BOOK VALUE
At 31st January 2023 -
At 31st January 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st February 2022 157,554 24,174 25,583 207,311
Additions 2,410 1,287 - 3,697
At 31st January 2023 159,964 25,461 25,583 211,008
DEPRECIATION
At 1st February 2022 124,195 18,408 24,236 166,839
Charge for year 6,501 1,325 337 8,163
At 31st January 2023 130,696 19,733 24,573 175,002
NET BOOK VALUE
At 31st January 2023 29,268 5,728 1,010 36,006
At 31st January 2022 33,359 5,766 1,347 40,472

DESIGNER GLASS LIMITED (REGISTERED NUMBER: 04619530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 242,674 245,356
Other debtors 4,918 661
247,592 246,017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 44,414 9,666
Trade creditors 154,217 148,127
Taxation and social security 45,710 75,095
Other creditors 2,756 4,006
247,097 236,894

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,112 34,022

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 34,503 -

A debenture has been granted to The Royal Bank of Scotland by way of a fixed and floating charge over the undertaking to include all property and assets present and future.