Kevin Dickinson UPVC Limited 05281966 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is glazing. Digita Accounts Production Advanced 6.30.9574.0 true true 05281966 2023-04-01 2024-03-31 05281966 2024-03-31 05281966 bus:CompanySecretaryDirector1 1 2024-03-31 05281966 bus:Director1 1 2024-03-31 05281966 core:RetainedEarningsAccumulatedLosses 2024-03-31 05281966 core:ShareCapital 2024-03-31 05281966 core:CurrentFinancialInstruments 2024-03-31 05281966 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05281966 core:MotorVehicles 2024-03-31 05281966 core:OtherPropertyPlantEquipment 2024-03-31 05281966 bus:SmallEntities 2023-04-01 2024-03-31 05281966 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05281966 bus:FilletedAccounts 2023-04-01 2024-03-31 05281966 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05281966 bus:RegisteredOffice 2023-04-01 2024-03-31 05281966 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 05281966 bus:CompanySecretaryDirector1 1 2023-04-01 2024-03-31 05281966 bus:Director1 2023-04-01 2024-03-31 05281966 bus:Director1 1 2023-04-01 2024-03-31 05281966 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05281966 core:FurnitureFittings 2023-04-01 2024-03-31 05281966 core:MotorVehicles 2023-04-01 2024-03-31 05281966 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 05281966 countries:AllCountries 2023-04-01 2024-03-31 05281966 2023-03-31 05281966 bus:CompanySecretaryDirector1 1 2023-03-31 05281966 bus:Director1 1 2023-03-31 05281966 core:MotorVehicles 2023-03-31 05281966 core:OtherPropertyPlantEquipment 2023-03-31 05281966 2022-04-01 2023-03-31 05281966 2023-03-31 05281966 bus:CompanySecretaryDirector1 1 2023-03-31 05281966 bus:Director1 1 2023-03-31 05281966 core:RetainedEarningsAccumulatedLosses 2023-03-31 05281966 core:ShareCapital 2023-03-31 05281966 core:CurrentFinancialInstruments 2023-03-31 05281966 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05281966 core:MotorVehicles 2023-03-31 05281966 core:OtherPropertyPlantEquipment 2023-03-31 05281966 bus:CompanySecretaryDirector1 1 2022-04-01 2023-03-31 05281966 bus:Director1 1 2022-04-01 2023-03-31 05281966 bus:CompanySecretaryDirector1 1 2022-03-31 05281966 bus:Director1 1 2022-03-31 iso4217:GBP xbrli:pure

Company Registration number: 05281966

Kevin Dickinson UPVC Limited

Annual Report and Unaudited
Financial Statements


for the Year Ended 31 March 2024

 

Kevin Dickinson UPVC Limited

Contents

Pages

Balance sheet

1 to 2

Notes to the financial statements

3 to 7

 

Kevin Dickinson UPVC Limited

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

20,063

10,122

Current assets

 

Stocks

5

17,029

9,687

Debtors

6

337,062

516,599

Cash at bank and in hand

 

351,881

412,896

 

705,972

939,182

Creditors: Amounts falling due within one year

7

(18,706)

(27,744)

Net current assets

 

687,266

911,438

Total assets less current liabilities

 

707,329

921,560

Provisions for liabilities

(3,813)

(1,924)

Net assets

 

703,516

919,636

Capital and reserves

 

Called up share capital

104

104

Retained earnings

703,412

919,532

Shareholders' funds

 

703,516

919,636

 

Kevin Dickinson UPVC Limited

Balance Sheet as at 31 March 2024 (continued)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 05281966

Approved and authorised by the Board on 9 August 2024 and signed on its behalf by:
 

.........................................
Mr K M Dickinson
Director

.........................................
Mrs A J Dickinson
Company secretary and director

 

Kevin Dickinson UPVC Limited

Notes to the financial statements for the Year Ended 31 March 2024

1

GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 6
Peart Road
Derwent Howe
Workington
CA14 3YT

These financial statements were authorised for issue by the Board on 9 August 2024.

2

ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

 

Kevin Dickinson UPVC Limited

Notes to the financial statements for the Year Ended 31 March 2024 (continued)

2

ACCOUNTING POLICIES (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% straight line

Motor vehicles

25% straight line

 

Kevin Dickinson UPVC Limited

Notes to the financial statements for the Year Ended 31 March 2024 (continued)

2

ACCOUNTING POLICIES (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3

STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 3).

 

Kevin Dickinson UPVC Limited

Notes to the financial statements for the Year Ended 31 March 2024 (continued)

4

TANGIBLE ASSETS

Motor vehicles
 £

Fixtures, fittings and equipment
£

Total
£

Cost or valuation

At 1 April 2023

43,803

16,061

59,864

Additions

19,115

-

19,115

At 31 March 2024

62,918

16,061

78,979

Depreciation

At 1 April 2023

34,619

15,123

49,742

Charge for the year

8,939

235

9,174

At 31 March 2024

43,558

15,358

58,916

Carrying amount

At 31 March 2024

19,360

703

20,063

At 31 March 2023

9,184

938

10,122

5

STOCKS

2024
£

2023
£

Work in progress

11,168

-

Stocks

5,861

9,687

17,029

9,687

6

DEBTORS

Current

2024
£

2023
£

Trade debtors

87,923

70,384

Prepayments

4,688

4,936

Other debtors

244,451

441,279

 

337,062

516,599

 

Kevin Dickinson UPVC Limited

Notes to the financial statements for the Year Ended 31 March 2024 (continued)

7

CREDITORS

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

8,966

13,349

Taxation and social security

6,030

12,145

Accruals and deferred income

3,710

2,250

18,706

27,744

8

RELATED PARTY TRANSACTIONS

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Mr K M Dickinson

Directors loan account

67,557

41,719

(41,277)

67,999

Mrs A J Dickinson

Directors loan account

67,557

41,718

(41,277)

67,998

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr K M Dickinson

Directors loan account

140,174

14,884

(87,501)

67,557

Mrs A J Dickinson

Directors loan account

140,174

14,884

(87,501)

67,557