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REGISTERED NUMBER: 03428508 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

D.P. Doors and Shutters Limited

D.P. Doors and Shutters Limited (Registered number: 03428508)






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


D.P. Doors and Shutters Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A Bolsover





REGISTERED OFFICE: 100A School Road
Wales Bar
Sheffield
South Yorkshire
S26 5QJ





REGISTERED NUMBER: 03428508 (England and Wales)

D.P. Doors and Shutters Limited (Registered number: 03428508)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,617 163,641

CURRENT ASSETS
Stocks 90,000 105,000
Debtors 5 729,431 807,516
Cash at bank 193,449 74,731
1,012,880 987,247
CREDITORS
Amounts falling due within one year 6 683,298 607,944
NET CURRENT ASSETS 329,582 379,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,199

542,944

CREDITORS
Amounts falling due after more than one
year

7

(188,758

)

(249,086

)

PROVISIONS FOR LIABILITIES (48,220 ) (35,694 )
NET ASSETS 293,221 258,164

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 293,121 258,064
293,221 258,164

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.

D.P. Doors and Shutters Limited (Registered number: 03428508)

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 19 November 2024 and were signed by:





A Bolsover - Director


D.P. Doors and Shutters Limited (Registered number: 03428508)

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

1. STATUTORY INFORMATION

D.P. Doors and Shutters 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

D.P. Doors and Shutters Limited (Registered number: 03428508)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operated employer pension contributions in accordance with auto enrolment legislation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 636,488
Additions 97,503
Disposals (35,150 )
At 31 March 2024 698,841
DEPRECIATION
At 1 April 2023 472,847
Charge for year 49,364
Eliminated on disposal (23,987 )
At 31 March 2024 498,224
NET BOOK VALUE
At 31 March 2024 200,617
At 31 March 2023 163,641

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 177,889
Additions 70,331
Transfer to ownership (63,165 )
At 31 March 2024 185,055
DEPRECIATION
At 1 April 2023 67,740
Charge for year 40,871
Transfer to ownership (48,488 )
At 31 March 2024 60,123
NET BOOK VALUE
At 31 March 2024 124,932
At 31 March 2023 110,149

D.P. Doors and Shutters Limited (Registered number: 03428508)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 663,794 715,341
Other debtors 65,637 92,175
729,431 807,516

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 91,117 98,250
Hire purchase contracts 39,092 19,284
Trade creditors 456,681 353,435
Taxation and social security 74,114 116,021
Other creditors 22,294 20,954
683,298 607,944

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 96,522 190,270
Hire purchase contracts 92,236 58,816
188,758 249,086

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 131,328 78,100

Natwest Bank PLC

Created 23rd November 2022.
Fixed and floating charge over all the property or undertaking of the company.

9. OTHER FINANCIAL COMMITMENTS

At 31st March 2024. the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £276,357, (2023: £106,717).

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Monies were loaned to Mr A Bolsover @ 2.25% interest. The balance owed to the company and reflected in other debtors at 31st March 2024: £21,079, (2023: £54,708).

This is to be repaid to the company before 31st December 2024.

D.P. Doors and Shutters Limited (Registered number: 03428508)

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

11. ULTIMATE CONTROLLING PARTY

The controlling party is A Bolsover.