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REGISTERED NUMBER: 02414601 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LANCASHIRE DOUBLE GLAZING LIMITED

LANCASHIRE DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 02414601)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANCASHIRE DOUBLE GLAZING LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: Mr T W Forsyth





SECRETARY: Mrs M A Forsyth





REGISTERED OFFICE: 213-217 Havelock Street
Preston
Lancashire
PR1 7NL





REGISTERED NUMBER: 02414601 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

LANCASHIRE DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 02414601)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 63,354 84,472

CURRENT ASSETS
Stocks 163,089 75,822
Debtors 5 2,987,712 2,412,249
Cash at bank and in hand 216,863 148,672
3,367,664 2,636,743
CREDITORS
Amounts falling due within one year 6 (1,518,028 ) (1,064,035 )
NET CURRENT ASSETS 1,849,636 1,572,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,912,990

1,657,180

PROVISIONS FOR LIABILITIES (14,901 ) (16,050 )
NET ASSETS 1,898,089 1,641,130

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,897,989 1,641,030
SHAREHOLDERS' FUNDS 1,898,089 1,641,130

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 director acknowledges his 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.

LANCASHIRE DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 02414601)

BALANCE SHEET - continued
31 December 2023


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 director and authorised for issue on 14 September 2024 and were signed by:





Mr T W Forsyth - Director


LANCASHIRE DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 02414601)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Lancashire Double Glazing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 33 ) .

LANCASHIRE DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 02414601)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 238,518 12,148 250,666
DEPRECIATION
At 1 January 2023 155,609 10,585 166,194
Charge for year 20,727 391 21,118
At 31 December 2023 176,336 10,976 187,312
NET BOOK VALUE
At 31 December 2023 62,182 1,172 63,354
At 31 December 2022 82,909 1,563 84,472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 144,018 207,428
Amounts owed by related
companies 2,836,763 2,199,675
Prepayments 6,931 5,146
2,987,712 2,412,249

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 233,357 283,291
Tax 85,167 67,824
Social security and other taxes 19,549 16,450
VAT 44,441 66,758
Other creditors 1,107,268 624,049
LDG Solar North West Ltd 22,500 -
Accruals and deferred income 5,746 5,663
1,518,028 1,064,035