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REGISTERED NUMBER: SC232145 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Architectural Doors & Windows Limited

Architectural Doors & Windows Limited (Registered number: SC232145)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Architectural Doors & Windows Limited (Registered number: SC232145)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 479,500 550,543

CURRENT ASSETS
Stocks 4,111 3,486
Debtors 5 677,179 512,117
Cash at bank 1,644,812 1,792,549
2,326,102 2,308,152
CREDITORS
Amounts falling due within one year 6 (1,254,884 ) (1,300,349 )
NET CURRENT ASSETS 1,071,218 1,007,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,550,718

1,558,346

PROVISIONS FOR LIABILITIES (35,191 ) (46,938 )
NET ASSETS 1,515,527 1,511,408

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,515,523 1,511,404
SHAREHOLDERS' FUNDS 1,515,527 1,511,408

Architectural Doors & Windows Limited (Registered number: SC232145)

Balance Sheet - continued
31 December 2023


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

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

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 19 March 2024 and were signed on its behalf by:




Sandy Anderson - Director



William Eadie - Director


Architectural Doors & Windows Limited (Registered number: SC232145)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Architectural Doors & Windows Limited is a private company, limited by shares, domiciled in Scotland, registration number SC232145. The registered office is 9 South Wardpark Place, Wardpark South, Cumbernauld, Glasgow, G67 3HX.

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.

Preparation of consolidated financial statements
The financial statements contain information about Architectural Doors & Windows Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods and services in respect of joinery distribution, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Tenants improvements - 4% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all
tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises the purchase price of materials.

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.


Architectural Doors & Windows Limited (Registered number: SC232145)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Freehold Tenants Plant and
property improvements machinery
£    £    £   
COST
At 1 January 2023 548,587 46,738 7,450
Additions - 2,062 -
At 31 December 2023 548,587 48,800 7,450
DEPRECIATION
At 1 January 2023 245,679 5,800 6,144
Charge for year 21,943 1,883 261
At 31 December 2023 267,622 7,683 6,405
NET BOOK VALUE
At 31 December 2023 280,965 41,117 1,045
At 31 December 2022 302,908 40,938 1,306

Architectural Doors & Windows Limited (Registered number: SC232145)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 97,545 260,093 960,413
Additions 1,417 - 3,479
At 31 December 2023 98,962 260,093 963,892
DEPRECIATION
At 1 January 2023 73,661 78,586 409,870
Charge for year 5,058 45,377 74,522
At 31 December 2023 78,719 123,963 484,392
NET BOOK VALUE
At 31 December 2023 20,243 136,130 479,500
At 31 December 2022 23,884 181,507 550,543

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 645,165 493,585
Other debtors 22,030 18,532
667,195 512,117

Amounts falling due after more than one year:
Other debtors 9,984 -

Aggregate amounts 677,179 512,117

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 261,745 189,933
Amounts owed to group undertakings 200,000 100,000
Taxation and social security 447,038 431,369
Other creditors 346,101 579,047
1,254,884 1,300,349

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is ADW Holdings (Scotland) Limited.

ADW Holdings (Scotland) Limited is registered in Scotland under registration number SC733072. The registered office is C/O Lindsays, 100 Queen Street, Glasgow, Scotland, G1 3DN.