07039299falsethat of window manufacturers2022-11-012023-10-31http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-10-31http://www.companieshouse.gov.uk/cd:Director12022-11-012023-10-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-10-31http://www.companieshouse.gov.uk/cd:Director22022-11-012023-10-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-11-012023-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-11-012023-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-11-012023-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-10-31http://www.companieshouse.gov.uk/2022-11-012023-10-31http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/cd:FRS1022022-11-012023-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-11-012023-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-11-012023-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07039299

New Diamond Windows Ltd

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

New Diamond Windows Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
Mohammad Tahir Nadeem
Murhammad Nadeem Arshad
REGISTERED OFFICE
Unit 6
Rugby Road
Rochdale
Lancashire
OL12 0EP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07039299
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

New Diamond Windows Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

New Diamond Windows Ltd

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Tangible assets311,739152,094
CURRENT ASSETS
Stock27,00027,000
Debtors619,47239,236
Cash at bank and in hand4,3093,054
50,78169,290
CREDITORS: Amounts falling due within one year735,98473,380
NET CURRENT ASSETS / (LIABILITIES)14,797(4,090)
TOTAL ASSETS LESS CURRENT LIABILITIES26,536148,004
CREDITORS: Amounts falling due after more than one year832,85344,965
PROVISIONS FOR LIABILITIES AND CHARGES9-19,707
NET (LIABILITIES) / ASSETS(6,317)83,332
CAPITAL AND RESERVES
Called up share capital1011
Other reserves11-82,321
Profit and loss account(6,318)1,010
SHAREHOLDERS' FUNDS(6,317)83,332
For the year ending 31/10/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/07/2024 and signed on their behalf by
.............................
Mohammad Tahir Nadeem
Director

New Diamond Windows Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on the going concern basis despite the deficit of net assets as the director has indicated he is willing to support the company until it generates net assets.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1d. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1e. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1f. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

New Diamond Windows Ltd

1g. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1h. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2. EMPLOYEES
20232022
No.No.
Average number of employees44
3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 01/11/202223,6964,3331,65529,684
Additions-11,5502,00813,558
At 31/10/202323,69615,8833,66343,242
Depreciation
At 01/11/202223,6962,5041,39027,590
For the year-3,3455683,913
At 31/10/202323,6965,8491,95831,503
Net Book Amounts
At 31/10/2023-10,0341,70511,739
At 31/10/2022-1,8292652,094
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/11/2022150,000150,000
Disposals(150,000)(150,000)
At 31/10/2023--
The investment properties were sold to New Diamond Properties Ltd for £50,000.

New Diamond Windows Ltd

5. STOCK 20232022
££
Stock comprises:
Stock27,00027,000
27,00027,000
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors18,47638,240
Prepayments996996
19,47239,236
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-1,007
VAT6,5958,496
PAYE control147628
Directors current account14,50347,863
Loans5,8966,166
Bounce Back loan5,0005,000
Trade creditors1,9961,524
Accruals1,8472,696
35,98473,380
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1 year-5,143
Bounce back loan >1 year32,85339,822
32,85344,965

New Diamond Windows Ltd

9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation-19,707
-19,707
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
11. OTHER RESERVES 20232022
££
Fair value reserve-82,321
-82,321
The fair value reserve is non distributable.
12. CONTROLLING PARTY
The company is controlled by Mr M T Nadeem (director) by virtue of the fact that he owns 100% of the companies issued share capital.