Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activity99trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02635565 2022-04-01 2023-03-31 02635565 2021-04-01 2022-03-31 02635565 2023-03-31 02635565 2022-03-31 02635565 c:Director1 2022-04-01 2023-03-31 02635565 d:MotorVehicles 2022-04-01 2023-03-31 02635565 d:MotorVehicles 2023-03-31 02635565 d:MotorVehicles 2022-03-31 02635565 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02635565 d:FurnitureFittings 2022-04-01 2023-03-31 02635565 d:FurnitureFittings 2023-03-31 02635565 d:FurnitureFittings 2022-03-31 02635565 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02635565 d:OfficeEquipment 2022-04-01 2023-03-31 02635565 d:OfficeEquipment 2023-03-31 02635565 d:OfficeEquipment 2022-03-31 02635565 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02635565 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02635565 d:Goodwill 2023-03-31 02635565 d:Goodwill 2022-03-31 02635565 d:CurrentFinancialInstruments 2023-03-31 02635565 d:CurrentFinancialInstruments 2022-03-31 02635565 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02635565 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02635565 d:ShareCapital 2023-03-31 02635565 d:ShareCapital 2022-03-31 02635565 d:RetainedEarningsAccumulatedLosses 2023-03-31 02635565 d:RetainedEarningsAccumulatedLosses 2022-03-31 02635565 c:OrdinaryShareClass1 2022-04-01 2023-03-31 02635565 c:OrdinaryShareClass1 2023-03-31 02635565 c:OrdinaryShareClass1 2022-03-31 02635565 c:FRS102 2022-04-01 2023-03-31 02635565 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02635565 c:FullAccounts 2022-04-01 2023-03-31 02635565 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02635565 2 2022-04-01 2023-03-31 02635565 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02635565









DIDCOT WINDOWS LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
DIDCOT WINDOWS LTD
REGISTERED NUMBER: 02635565

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
21,205
26,352

  
21,205
26,352

Current assets
  

Stocks
  
29,798
10,000

Debtors: amounts falling due within one year
 6 
88,187
116,642

Cash at bank and in hand
  
223,888
123,952

  
341,873
250,594

Creditors: amounts falling due within one year
 7 
(336,072)
(298,059)

Net current assets/(liabilities)
  
 
 
5,801
 
 
(47,465)

Total assets less current liabilities
  
27,006
(21,113)

Provisions for liabilities
  

Deferred tax
  
(4,029)
(1,962)

  
 
 
(4,029)
 
 
(1,962)

Net assets/(liabilities)
  
22,977
(23,075)

Page 1

 
DIDCOT WINDOWS LTD
REGISTERED NUMBER: 02635565
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
22,777
(23,275)

  
22,977
(23,075)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 December 2023.




Jodie Jefferson
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
DIDCOT WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Didcot Windows Limited is a private company, limited by shares, registered in England and Wales, registered number 02635565. The registered office and principal place of business is Unit 1 Harrier Park, Southmead Industrial Estate, Didcot, Oxon, OX11 7PL. 
The principal activity of the business is that of window and door installation. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
DIDCOT WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
DIDCOT WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures and fittings
-
15%
Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
DIDCOT WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. 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.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is
Page 6

 
DIDCOT WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.16
Financial instruments (continued)

immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 9 (2022 - 9).

Page 7

 
DIDCOT WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
90,000



At 31 March 2023

90,000



Amortisation


At 1 April 2022
90,000



At 31 March 2023

90,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 8

 
DIDCOT WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
57,269
16,190
28,978
102,437


Additions
-
556
783
1,339



At 31 March 2023

57,269
16,746
29,761
103,776



Depreciation


At 1 April 2022
37,190
11,895
27,000
76,085


Charge for the year on owned assets
5,020
666
800
6,486



At 31 March 2023

42,210
12,561
27,800
82,571



Net book value



At 31 March 2023
15,059
4,185
1,961
21,205



At 31 March 2022
20,079
4,295
1,978
26,352


6.


Debtors

2023
2022
£
£


Trade debtors
39,131
37,446

Other debtors
49,056
74,526

Prepayments and accrued income
-
4,670

88,187
116,642


Page 9

 
DIDCOT WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
34,191
43,489

Trade creditors
111,268
110,261

Taxation, other taxes and social security
68,049
27,647

Other creditors
107,439
114,412

Accruals and deferred income
15,125
2,250

336,072
298,059



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



200 (2022 - 200) ordinary shares of £1.00 each
200
200


Page 10