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REGISTERED NUMBER: 02565701 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Colin Dawson Windows Limited

Colin Dawson Windows Limited (Registered number: 02565701)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Colin Dawson Windows Limited (Registered number: 02565701)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £
Fixed assets
Tangible assets 5 142,615 144,826

Current assets
Stocks 3,500 3,500
Debtors 6 36,408 34,986
Cash at bank and in hand 103,097 164,345
143,005 202,831
Creditors
Amounts falling due within one year 7 (97,750 ) (114,237 )
Net current assets 45,255 88,594
Total assets less current liabilities 187,870 233,420

Creditors
Amounts falling due after more than one
year

8

(9,984

)

(20,581

)

Provisions for liabilities (3,228 ) (3,781 )
Net assets 174,658 209,058

Capital and reserves
Called up share capital 100 100
Retained earnings 174,558 208,958
174,658 209,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Colin Dawson Windows Limited (Registered number: 02565701)

Balance Sheet - continued
31 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:





Mr P A Dawson - Director


Colin Dawson Windows Limited (Registered number: 02565701)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. Statutory information

Colin Dawson Windows Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02565701

Registered office: Chapel Works
John Kennedy Road
King's Lynn
Norfolk
PE30 2AA

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through the profit and loss.

Critical accounting 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% p.a. reducing balance
Motor vehicles - 25% p.a. reducing balance
Computer equipment - 15% p.a. reducing balance

Tangible assets are initially recorded ar cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revaluation's are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Freehold land is not depreciated.

Colin Dawson Windows Limited (Registered number: 02565701)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. Accounting policies - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

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. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Colin Dawson Windows Limited (Registered number: 02565701)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. 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.

Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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.

4. Employees and directors

The average number of employees during the year was 8 (2023 - 9 ) .

5. Tangible fixed assets
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£ £ £ £ £
Cost
At 1 June 2023 129,701 3,053 51,665 6,202 190,621
Additions - 577 - 625 1,202
At 31 May 2024 129,701 3,630 51,665 6,827 191,823
Depreciation
At 1 June 2023 - 1,797 40,720 3,278 45,795
Charge for year - 188 2,736 489 3,413
At 31 May 2024 - 1,985 43,456 3,767 49,208
Net book value
At 31 May 2024 129,701 1,645 8,209 3,060 142,615
At 31 May 2023 129,701 1,256 10,945 2,924 144,826

Colin Dawson Windows Limited (Registered number: 02565701)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


6. Debtors: amounts falling due within one year
31.5.24 31.5.23
£ £
Trade debtors 16,380 12,664
Other debtors 20,028 22,322
36,408 34,986

7. Creditors: amounts falling due within one year
31.5.24 31.5.23
£ £
Bank loans and overdrafts 10,648 9,999
Trade creditors 56,695 52,687
Taxation and social security 11,894 17,536
Other creditors 18,513 34,015
97,750 114,237

8. Creditors: amounts falling due after more than one year
31.5.24 31.5.23
£ £
Bank loans 9,984 20,581

9. Related party disclosures

Net transactions of £12,879 were made with the director during the year (2023 - £10,811). At the end of the year end, a balance of £10,636 was due from the company to the director (2023 - £23,515).

No further transactions were undertaken which require disclosure under FRS 102 Section 1A.