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Registration number: 05727241

D & M Windows & Doors Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

D & M Windows & Doors Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

D & M Windows & Doors Limited

(Registration number: 05727241)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

85,303

18,914

Current assets

 

Stocks

5

29,500

29,500

Debtors

6

727,675

1,184,852

Investments

7

78,941

79,660

Cash at bank and in hand

 

690,912

547,795

 

1,527,028

1,841,807

Creditors: Amounts falling due within one year

8

(904,979)

(1,342,436)

Net current assets

 

622,049

499,371

Total assets less current liabilities

 

707,352

518,285

Creditors: Amounts falling due after more than one year

8

(29,229)

-

Provisions for liabilities

(22,460)

(4,728)

Net assets

 

655,663

513,557

Capital and Reserves

 

Called up share capital

26

26

Retained Earnings

655,637

513,531

Shareholders' funds

 

655,663

513,557

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.

 

D & M Windows & Doors Limited

(Registration number: 05727241)
Statement of Financial Position as at 31 March 2024

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 Income Statement.

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

.........................................
D Hoolickin
Director

   
     
 

D & M Windows & Doors Limited

Notes to the Unaudited 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 and Wales.

The address of its registered office is:
Office 7
Earl Business Centre
Dowry Street
Oldham
Lancashire
OL8 2PF
United Kingdom

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

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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.

Going concern

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

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 income 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.

 

D & M Windows & Doors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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 statement of financial position 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 and fittings

33% on cost

Plant and machinery

25% on cost

Computer equipment

33% on cost

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

D & M Windows & Doors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2023 - 20).

 

D & M Windows & Doors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible Assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

8,236

130,622

138,858

Additions

250

87,791

88,041

At 31 March 2024

8,486

218,413

226,899

Depreciation

At 1 April 2023

8,237

111,707

119,944

Charge for the year

82

21,570

21,652

At 31 March 2024

8,319

133,277

141,596

Carrying amount

At 31 March 2024

167

85,136

85,303

At 31 March 2023

(1)

18,915

18,914

5

Stocks

2024
£

2023
£

Other inventories

29,500

29,500

6

Debtors

Current

2024
£

2023
£

Trade Debtors

665,290

1,116,799

Prepayments

13,783

15,420

Other debtors

48,602

52,633

 

727,675

1,184,852

 

D & M Windows & Doors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Current asset investments

2024
£

2023
£

Other investments

78,941

79,660

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

15,204

11,327

Trade Creditors

 

502,008

772,368

Taxation and social security

 

94,951

59,491

Accruals and deferred income

 

292,370

488,256

Other creditors

 

446

10,994

 

904,979

1,342,436

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

29,229

-