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REGISTERED NUMBER: 02949607 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

DIRECT WINDOW SUPPLIES LIMITED

DIRECT WINDOW SUPPLIES LIMITED (REGISTERED NUMBER: 02949607)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DIRECT WINDOW SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr S D Hocking





SECRETARY: Mrs S J Hocking





REGISTERED OFFICE: 17 Tithe Barn Crescent
Swindon
Wiltshire
SN1 4JX





REGISTERED NUMBER: 02949607 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Old Station House
Station Approach
Swindon
Wiltshire
SN1 3DU

DIRECT WINDOW SUPPLIES LIMITED (REGISTERED NUMBER: 02949607)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 676,480 628,434

CURRENT ASSETS
Stocks 386,036 328,522
Debtors 5 1,199,961 900,772
Cash at bank and in hand 500,196 783,465
2,086,193 2,012,759
CREDITORS
Amounts falling due within one year 6 1,070,168 1,024,191
NET CURRENT ASSETS 1,016,025 988,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,692,505

1,617,002

CREDITORS
Amounts falling due after more than one
year

7

(248,416

)

(299,360

)

PROVISIONS FOR LIABILITIES (143,429 ) (157,022 )
NET ASSETS 1,300,660 1,160,620

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,300,560 1,160,520
1,300,660 1,160,620

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

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

DIRECT WINDOW SUPPLIES LIMITED (REGISTERED NUMBER: 02949607)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





Mr S D Hocking - Director


DIRECT WINDOW SUPPLIES LIMITED (REGISTERED NUMBER: 02949607)

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

1. STATUTORY INFORMATION

Direct Window Supplies 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 for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 20% on cost and 10% on cost

Stocks & work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Costs include all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. An element of profit is included where the outcome of the project may reasonably be determined.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


DIRECT WINDOW SUPPLIES LIMITED (REGISTERED NUMBER: 02949607)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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 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 38 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 - 1,479,351 1,479,351
Additions 69,443 188,102 257,545
Disposals - (69,508 ) (69,508 )
At 31 July 2024 69,443 1,597,945 1,667,388
DEPRECIATION
At 1 August 2023 - 850,917 850,917
Charge for year 6,944 189,864 196,808
Eliminated on disposal - (56,817 ) (56,817 )
At 31 July 2024 6,944 983,964 990,908
NET BOOK VALUE
At 31 July 2024 62,499 613,981 676,480
At 31 July 2023 - 628,434 628,434

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 434,757 389,782
Amounts owed by group undertakings 689,315 476,553
Other debtors 75,889 34,437
1,199,961 900,772

DIRECT WINDOW SUPPLIES LIMITED (REGISTERED NUMBER: 02949607)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Hire purchase contracts 130,096 105,847
Trade creditors 411,403 441,624
Amounts owed to group undertakings 176,408 129,239
Taxation and social security 106,100 182,945
Other creditors 246,161 164,536
1,070,168 1,024,191

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Hire purchase contracts 248,416 299,360

8. SECURED DEBTS

The following secured debts are included within creditors:

31/7/24 31/7/23
£    £   
Hire purchase assets 378,512 405,207

The hire purchase liability is secured against the assets to which the liability relates.


Guarantees:

Direct Window Supplies Limited provides a guarantee on behalf of Aspen Investment (UK) Limited, a company under common control.

A debenture is in place with a fixed charge held over specified property of the Owner and a floating charge held over all the other property, assets and rights of the Owner.

9. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is its parent company DWS Holdings (Swindon) Limited, a company registered in England and Wales at the following registered office address:
Edge House, Unit B1, Vantage Office Park, Old Gloucester Road, Hambrook Bristol, United Kingdom, BS16 1RS