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REGISTERED NUMBER: SC587291 (Scotland)















Financial Statements

for the Year Ended

31st January 2024

for

Only Doors & Windows Limited

Only Doors & Windows Limited (Registered number: SC587291)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Only Doors & Windows Limited

Company Information
for the Year Ended 31st January 2024







DIRECTOR: N R Squire





REGISTERED OFFICE: Riverview Business Centre
40 North Ellen Street
Dundee
DD3 7DH





REGISTERED NUMBER: SC587291 (Scotland)






Only Doors & Windows Limited (Registered number: SC587291)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,106 3,883

CURRENT ASSETS
Stocks 750 1,275
Debtors 5 41,251 44,124
Cash at bank 8,656 9,996
50,657 55,395
CREDITORS
Amounts falling due within one year 6 8,399 16,160
NET CURRENT ASSETS 42,258 39,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,364

43,118

CREDITORS
Amounts falling due after more than one
year

7

19,412

23,011
NET ASSETS 25,952 20,107

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 24,952 19,107
SHAREHOLDERS' FUNDS 25,952 20,107

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

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

Only Doors & Windows Limited (Registered number: SC587291)

Balance Sheet - continued
31st January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd October 2024 and were signed by:





N R Squire - Director


Only Doors & Windows Limited (Registered number: SC587291)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Only Doors & Windows Limited is a private company, limited by shares , registered in Scotland. 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 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 each asset over its estimated useful life.

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 1 (2023 - 1 ) .

Only Doors & Windows Limited (Registered number: SC587291)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1st February 2023
and 31st January 2024 4,511 5,883 10,394
DEPRECIATION
At 1st February 2023 2,663 3,848 6,511
Charge for year 370 407 777
At 31st January 2024 3,033 4,255 7,288
NET BOOK VALUE
At 31st January 2024 1,478 1,628 3,106
At 31st January 2023 1,848 2,035 3,883

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 41,251 44,124

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 3,125 2,994
Trade creditors 1,241 2,219
Taxation and social security 2,466 2,405
Other creditors 1,567 8,542
8,399 16,160

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 19,412 23,011