SHIELD DOUBLE GLAZING LIMITED

Company Registration Number:
06277091 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

SHIELD DOUBLE GLAZING LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

SHIELD DOUBLE GLAZING LIMITED

Company Information

for the Period Ended 31 August 2023




Director: surjeet singh ghataore
jasbir kaur ghataore
Registered office: 103-
105
Princess Road East
Leicester
Leicester
England
LE1 7LG
Company Registration Number: 06277091 (England and Wales)

SHIELD DOUBLE GLAZING LIMITED

Directors' Report Period Ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Principal Activities

The Principal activities of the company have been manufacturing windows and doors.

Additional information

The director presents his report with the financial statements of the company for the year ended 31 August 2023.

Directors

The directors shown below have held office during the whole of the period from 01 September 2022 to 31 August 2023
surjeet singh ghataore
jasbir kaur ghataore

This report was approved by the board of directors on 10 September 2023
And Signed On Behalf Of The Board By:

Name: surjeet singh ghataore
Status: Director

SHIELD DOUBLE GLAZING LIMITED

Balance sheet

As at 31 August 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 16,516 19,560
Total fixed assets: 16,516 19,560
Current assets
Stocks: 71,000 70,400
Debtors: 235,689 100,200
Cash at bank and in hand: 2,000 11,810
Total current assets: 308,689 182,410
Creditors: amounts falling due within one year: ( 48,553 ) ( 53,168 )
Net current assets (liabilities): 260,136 129,242
Total assets less current liabilities: 276,652 148,802
Creditors: amounts falling due after more than one year: ( 62,382 ) ( 62,382 )
Total net assets (liabilities): 214,270 86,420

The notes form part of these financial statements

SHIELD DOUBLE GLAZING LIMITED

Balance sheet continued

As at 31 August 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 99 99
Profit and loss account: 214,171 86,321
Shareholders funds: 214,270 86,420

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 September 2023
And Signed On Behalf Of The Board By:

Name: surjeet singh ghataore
Status: Director

The notes form part of these financial statements

SHIELD DOUBLE GLAZING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
    Taxation
    The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
    Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
    Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses are valuation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

    Other accounting policies

    Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity

SHIELD DOUBLE GLAZING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 5 5

SHIELD DOUBLE GLAZING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 3. Off balance sheet disclosure

    No

SHIELD DOUBLE GLAZING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Tangible Assets

Total
Cost £
At 01 September 2022 52,891
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2023 52,891
Depreciation
At 01 September 2022 33,331
Charge for year 3,044
On disposals -
Other adjustments -
At 31 August 2023 36,375
Net book value
At 31 August 2023 16,516
At 31 August 2022 19,560