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REGISTERED NUMBER: 07980986 (England and Wales)


















DAVE THOMAS WINDOWS & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






DAVE THOMAS WINDOWS & SONS LIMITED (REGISTERED NUMBER: 07980986)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DAVE THOMAS WINDOWS & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D Thomas Esq
M D Thomas Esq
M Thomas Esq





REGISTERED OFFICE: Unit 11
Station Yard
Station Road
LLANRWST
Conwy
LL26 0EH





REGISTERED NUMBER: 07980986 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

DAVE THOMAS WINDOWS & SONS LIMITED (REGISTERED NUMBER: 07980986)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,000 13,500
Tangible assets 5 41,670 49,112
53,670 62,612

CURRENT ASSETS
Stocks 67,837 68,601
Debtors 6 13,499 26,004
Cash at bank 49,358 34,627
130,694 129,232
CREDITORS
Amounts falling due within one year 7 69,746 54,923
NET CURRENT ASSETS 60,948 74,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,618

136,921

CREDITORS
Amounts falling due after more than one year 8 (95,446 ) (94,835 )

PROVISIONS FOR LIABILITIES 9 (7,917 ) (9,331 )
NET ASSETS 11,255 32,755

CAPITAL AND RESERVES
Called up share capital 10 9 9
Retained earnings 11,246 32,746
SHAREHOLDERS' FUNDS 11,255 32,755

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 directors acknowledge their 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.

DAVE THOMAS WINDOWS & SONS LIMITED (REGISTERED NUMBER: 07980986)

STATEMENT OF FINANCIAL POSITION - 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 Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





D Thomas Esq - Director


DAVE THOMAS WINDOWS & SONS LIMITED (REGISTERED NUMBER: 07980986)

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

1. STATUTORY INFORMATION

Dave Thomas Windows & Sons 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.

Revenue recognition
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 2013, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% 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.

Attributable profit is recognised on contracts, where the outcome of a contract can be assessed with reasonable certainty before its completion.

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 statement of financial position date.


DAVE THOMAS WINDOWS & SONS LIMITED (REGISTERED NUMBER: 07980986)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company makes pension contributions on behalf of directors and staff. Contributions paid during the year are charged to the profit and loss account.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price and are thereafter stated at
amortised cost using the effective interest method unless the effect of discounting would be immaterial, in
which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023 16,500
Amortisation for year 1,500
At 31 March 2024 18,000
NET BOOK VALUE
At 31 March 2024 12,000
At 31 March 2023 13,500

DAVE THOMAS WINDOWS & SONS LIMITED (REGISTERED NUMBER: 07980986)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 4,673 682 82,901 2,027 90,283
DEPRECIATION
At 1 April 2023 1,514 313 38,073 1,271 41,171
Charge for year 474 55 6,724 189 7,442
At 31 March 2024 1,988 368 44,797 1,460 48,613
NET BOOK VALUE
At 31 March 2024 2,685 314 38,104 567 41,670
At 31 March 2023 3,159 369 44,828 756 49,112

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,499 25,155
Other debtors - 849
13,499 26,004

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,264 8,946
Trade creditors 11,744 11,239
Tax 15,906 11,148
Social security and other taxes 12,423 182
Other creditors 23,095 23,408
Accruals 314 -
69,746 54,923

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 18,271 24,535
Directors' loan accounts 77,175 70,300
95,446 94,835

DAVE THOMAS WINDOWS & SONS LIMITED (REGISTERED NUMBER: 07980986)

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

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,917 9,331

Deferred
tax
£   
Balance at 1 April 2023 9,331
Accelerated capital allowances (1,414 )
Balance at 31 March 2024 7,917

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
9 Ordinary £1 9 9

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company rents premises, which are owned by D Thomas Esq, at an annual cost of £9,720 (2022: £9,720).