Registered number
04954016
Dales Windows Ltd
Filleted Accounts
31 December 2023
Dales Windows Ltd
Registered number: 04954016
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 1,604
Tangible assets 4 459,438 462,868
Investments 5 282,488 254,524
741,926 718,996
Current assets
Stocks 11,200 9,820
Debtors 6 2,903 30,416
Cash at bank and in hand 440,570 293,055
454,673 333,291
Creditors: amounts falling due within one year 7 (60,721) (25,862)
Net current assets 393,952 307,429
Total assets less current liabilities 1,135,878 1,026,425
Provisions for liabilities (21,538) (18,635)
Net assets 1,114,340 1,007,790
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,114,339 1,007,789
Shareholder's funds 1,114,340 1,007,790
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Martin Thompson
Director
Approved by the board on 6 September 2024
Dales Windows Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 35,000
At 31 December 2023 35,000
Amortisation
At 1 January 2023 33,396
Provided during the year 1,604
At 31 December 2023 35,000
Net book value
At 31 December 2023 -
At 31 December 2022 1,604
Goodwill was written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 440,000 83,815 523,815
At 31 December 2023 440,000 83,815 523,815
Depreciation
At 1 January 2023 - 60,947 60,947
Charge for the year - 3,430 3,430
At 31 December 2023 - 64,377 64,377
Net book value
At 31 December 2023 440,000 19,438 459,438
At 31 December 2022 440,000 22,868 462,868
5 Investments
Other
investments
£
Cost
At 1 January 2023 254,524
Revaluation 27,964
At 31 December 2023 282,488
6 Debtors 2023 2022
£ £
Trade debtors 1,675 19,555
Other debtors 1,228 10,861
2,903 30,416
7 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 6,667 11,346
Taxation and social security costs 43,431 6,570
Accrued income 2,750 -
Other creditors 7,873 7,946
60,721 25,862
8 Other information
Dales Windows Ltd is a private company limited by shares and incorporated in England. Its registered office is:
24 Howe End
Kirkbymoorside
N Yorks
YO62 6BD
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