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REGISTERED NUMBER: 07125862 (England and Wales)















CLASSIC WINDOWS (DRONFIELD) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29TH FEBRUAR






CLASSIC WINDOWS (DRONFIELD) LIMITED (REGISTERED NUMBER: 07125862)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLASSIC WINDOWS (DRONFIELD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTOR: Miss J A Revill





SECRETARY:





REGISTERED OFFICE: Construction House
Callywhite Lane
Dronfield
Derbyshire
S18 2XR





REGISTERED NUMBER: 07125862 (England and Wales)





ACCOUNTANTS: Ian R Collins & Co
The Bridge House
Mill Lane
Dronfield
Derbyshire
S18 2XL

CLASSIC WINDOWS (DRONFIELD) LIMITED (REGISTERED NUMBER: 07125862)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,918 18,848
17,918 18,848

CURRENT ASSETS
Stocks 19,910 28,130
Debtors 6 23,521 27,045
Cash at bank and in hand 45,670 89,002
89,101 144,177
CREDITORS
Amounts falling due within one
year

7

(140,669

)

(122,157

)
NET CURRENT (LIABILITIES)/ASSETS (51,568 ) 22,020
TOTAL ASSETS LESS
CURRENT LIABILITIES

(33,650

)

40,868

CREDITORS
Amounts falling due after more
than one year

8

(13,313

)

(27,281

)

PROVISIONS FOR LIABILITIES (2,518 ) (2,666 )
NET (LIABILITIES)/ASSETS (49,481 ) 10,921

CLASSIC WINDOWS (DRONFIELD) LIMITED (REGISTERED NUMBER: 07125862)

BALANCE SHEET - continued
29TH FEBRUARY 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (49,581 ) 10,821
SHAREHOLDERS' FUNDS (49,481 ) 10,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 21st March 2024 and were signed by:





Miss J A Revill - Director


CLASSIC WINDOWS (DRONFIELD) LIMITED (REGISTERED NUMBER: 07125862)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Classic Windows (Dronfield) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


CLASSIC WINDOWS (DRONFIELD) LIMITED (REGISTERED NUMBER: 07125862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

CLASSIC WINDOWS (DRONFIELD) LIMITED (REGISTERED NUMBER: 07125862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2023
and 29th February 2024 30,000
AMORTISATION
At 1st March 2023
and 29th February 2024 30,000
NET BOOK VALUE
At 29th February 2024 -
At 28th February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2023 3,990 64,050 68,040
Additions - 3,990 3,990
Disposals - (6,995 ) (6,995 )
At 29th February 2024 3,990 61,045 65,035
DEPRECIATION
At 1st March 2023 - 49,192 49,192
Charge for year - 4,569 4,569
Eliminated on disposal - (6,644 ) (6,644 )
At 29th February 2024 - 47,117 47,117
NET BOOK VALUE
At 29th February 2024 3,990 13,928 17,918
At 28th February 2023 3,990 14,858 18,848

CLASSIC WINDOWS (DRONFIELD) LIMITED (REGISTERED NUMBER: 07125862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
2024 2023
£    £   
Trade debtors 16,735 23,311
Other debtors 6,786 3,734
23,521 27,045

7. CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,250 10,747
Hire purchase contracts 2,698 3,238
Trade creditors 57,133 35,257
Taxation and social security 30,233 39,611
Other creditors 39,355 33,304
140,669 122,157

8. CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,313 24,583
Hire purchase contracts - 2,698
13,313 27,281