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REGISTERED NUMBER: 03003706 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FAIR DEAL WINDOWS LIMITED

FAIR DEAL WINDOWS LIMITED (REGISTERED NUMBER: 03003706)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAIR DEAL WINDOWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: B S Kambo





REGISTERED OFFICE: Unit K 20/20 Industrial Estate
Orchard Business Centre
St. Barnabas Close
Maidstone
Kent
ME16 0JZ





REGISTERED NUMBER: 03003706 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

FAIR DEAL WINDOWS LIMITED (REGISTERED NUMBER: 03003706)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 269,079 248,420
269,079 248,420

CURRENT ASSETS
Stocks 62,612 43,512
Debtors 6 1,191,249 1,409,373
Cash at bank and in hand 1,089,550 578,766
2,343,411 2,031,651
CREDITORS
Amounts falling due within one year 7 2,244,082 1,824,711
NET CURRENT ASSETS 99,329 206,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,408

455,360

CREDITORS
Amounts falling due after more than one
year

8

(33,932

)

(79,296

)

PROVISIONS FOR LIABILITIES (56,708 ) (58,505 )
NET ASSETS 277,768 317,559

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 277,668 317,459
SHAREHOLDERS' FUNDS 277,768 317,559

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

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

FAIR DEAL WINDOWS LIMITED (REGISTERED NUMBER: 03003706)

BALANCE SHEET - continued
31 MARCH 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 17 October 2024 and were signed by:





B S Kambo - Director


FAIR DEAL WINDOWS LIMITED (REGISTERED NUMBER: 03003706)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Fair Deal Windows 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 represents net invoiced sales of goods and services in relation to double glazing windows excluding value added tax, except in respect of contracts where turnover is recognised when the company obtains the right to consideration.

Intangible assets
Intangible assets are initially recognised 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 the cost less estimated residual value of each asset over its useful life or, if held under finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% reducing balance
Motor vehicles - 25% on cost
Fixtures and fittings - 25% reducing balance
Freehold property - 2% on cost
Improvements to property - 25% reducing balance

Finished goods and work in progress
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.

Finished goods and Work in Progress includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Finance costs are charged to the Income Statement over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Borrowing costs are not capitalised.


FAIR DEAL WINDOWS LIMITED (REGISTERED NUMBER: 03003706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

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.

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 25,000
AMORTISATION
At 1 April 2023
and 31 March 2024 25,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

FAIR DEAL WINDOWS LIMITED (REGISTERED NUMBER: 03003706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 7,181 20,153 63,810 403,342 494,486
Additions 39,119 2,100 1,411 73,990 116,620
Disposals - (1,406 ) (4,131 ) (48,000 ) (53,537 )
At 31 March 2024 46,300 20,847 61,090 429,332 557,569
DEPRECIATION
At 1 April 2023 7,085 18,624 48,067 172,290 246,066
Charge for year 4,691 433 3,990 84,792 93,906
Eliminated on disposal - (1,112 ) (3,996 ) (46,374 ) (51,482 )
At 31 March 2024 11,776 17,945 48,061 210,708 288,490
NET BOOK VALUE
At 31 March 2024 34,524 2,902 13,029 218,624 269,079
At 31 March 2023 96 1,529 15,743 231,052 248,420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 333,737 513,441
Amounts owed by associates 197,524 184,816
Other debtors 659,988 711,116
1,191,249 1,409,373

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,204 9,952
Trade creditors 159,778 170,234
Amounts owed to group undertakings 1,874,506 1,497,083
Taxation and social security 139,081 88,639
Other creditors 60,513 58,803
2,244,082 1,824,711

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,231 22,435
Other creditors 21,701 56,861
33,932 79,296

FAIR DEAL WINDOWS LIMITED (REGISTERED NUMBER: 03003706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 69,977 69,044
Between one and five years 161,274 213,779
231,251 282,823

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
B S Kambo
Balance outstanding at start of year 245,653 241,115
Amounts advanced 6,525 40,422
Amounts repaid - (35,884 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 252,178 245,653