Davin Windows Limited NI650797 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is the supply and fitting of uPVC windows and doors Digita Accounts Production Advanced 6.30.9574.0 true true NI650797 2023-03-01 2024-02-29 NI650797 2024-02-29 NI650797 bus:OrdinaryShareClass1 2024-02-29 NI650797 core:CurrentFinancialInstruments 2024-02-29 NI650797 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 NI650797 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 NI650797 core:MotorVehicles 2024-02-29 NI650797 core:OfficeEquipment 2024-02-29 NI650797 core:PlantMachinery 2024-02-29 NI650797 bus:SmallEntities 2023-03-01 2024-02-29 NI650797 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 NI650797 bus:FilletedAccounts 2023-03-01 2024-02-29 NI650797 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 NI650797 bus:RegisteredOffice 2023-03-01 2024-02-29 NI650797 bus:Director1 2023-03-01 2024-02-29 NI650797 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 NI650797 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 NI650797 core:MotorVehicles 2023-03-01 2024-02-29 NI650797 core:OfficeEquipment 2023-03-01 2024-02-29 NI650797 core:PlantMachinery 2023-03-01 2024-02-29 NI650797 countries:NorthernIreland 2023-03-01 2024-02-29 NI650797 2023-02-28 NI650797 core:MotorVehicles 2023-02-28 NI650797 core:OfficeEquipment 2023-02-28 NI650797 core:PlantMachinery 2023-02-28 NI650797 2022-03-01 2023-02-28 NI650797 2023-02-28 NI650797 bus:OrdinaryShareClass1 2023-02-28 NI650797 core:CurrentFinancialInstruments 2023-02-28 NI650797 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 NI650797 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 NI650797 core:MotorVehicles 2023-02-28 NI650797 core:OfficeEquipment 2023-02-28 NI650797 core:PlantMachinery 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI650797

Davin Windows Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 29 February 2024

 

Davin Windows Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

Davin Windows Limited

Company Information

Director

Mr David Mc Cartan

Registered office

46 Ballymageogh Road
Kilkeel
Co. Down
BT34 4HW

Solicitors

Joanne Mc Cartan
28 Bridge Street
Kilkeel
Co. Down
BT34 4AD

Accountants

Kennedy & Co
Chartered Certified Accountants
21 Kilmorey Street
Newry
Co Down
BT34 2DF

 

Davin Windows Limited

(Registration number: NI650797)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

31,461

42,020

Current assets

 

Stocks

63,318

23,270

Debtors

51,041

21,996

Cash at bank and in hand

 

453,194

421,184

 

567,553

466,450

Prepayments and accrued income

 

1,840

668

Creditors: Amounts falling due within one year

(80,119)

(83,840)

Net current assets

 

489,274

383,278

Total assets less current liabilities

 

520,735

425,298

Creditors: Amounts falling due after more than one year

(12,814)

(30,558)

Provisions for liabilities

(7,865)

(10,505)

Accruals and deferred income

 

(57,478)

(7,500)

Net assets

 

442,578

376,735

Capital and reserves

 

Called up share capital

5

1

1

Retained earnings

442,577

376,734

Shareholders' funds

 

442,578

376,735

 

Davin Windows Limited

(Registration number: NI650797)
Abridged Balance Sheet as at 29 February 2024

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

The financial statements were approved and authorised by the director on 7 November 2024
 

.........................................

Mr David Mc Cartan
Director

 

Davin Windows Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
46 Ballymageogh Road
Kilkeel
Co. Down
BT34 4HW

These financial statements were authorised for issue by the director on 7 November 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.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

The financial statements are presented in sterling which is the functional currency of the company.

All members have consented to the abridgement of these financial statements.

Going concern

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

 

Davin Windows Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch or fitting of goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from fitting the windows is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to completion of a contract.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company’s right to receive payment is established.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Foreign currency transactions and balances

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 

Davin Windows Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Asset class

Depreciation method and rate

Office equipment

15% S.L.

Plant and machinery

20% S.L.

Motor Vehicles

25% R.B.

Trade debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Trade creditors

Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

 

Davin Windows Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Defined contribution pension obligation

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 6).

 

Davin Windows Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

3,770

2,951

83,395

90,116

At 29 February 2024

3,770

2,951

83,395

90,116

Depreciation

At 1 March 2023

3,770

1,400

42,926

48,096

Charge for the year

-

442

10,117

10,559

At 29 February 2024

3,770

1,842

53,043

58,655

Carrying amount

At 29 February 2024

-

1,109

30,352

31,461

At 28 February 2023

-

1,551

40,469

42,020

 

Davin Windows Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1