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REGISTERED NUMBER: 09576871 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

WINDOW FILMS DIREX LIMITED

WINDOW FILMS DIREX LIMITED (REGISTERED NUMBER: 09576871)

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










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


WINDOW FILMS DIREX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







Directors: Mrs M Kelly
C Prosser





Registered office: Unit 1 Hudsons Drive
Hudsons Trading Estate
Cotteridge
Birmingham
West Midlands
B30 3BB





Registered number: 09576871 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

WINDOW FILMS DIREX LIMITED (REGISTERED NUMBER: 09576871)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 347,197 412,498

CURRENT ASSETS
Stocks 118,003 115,250
Debtors 5 41,000 52,374
Cash at bank and in hand 327,398 219,079
486,401 386,703
CREDITORS
Amounts falling due within one year 6 317,853 264,631
NET CURRENT ASSETS 168,548 122,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,745

534,570

CREDITORS
Amounts falling due after more than one
year

7

(29,792

)

(74,229

)

PROVISIONS FOR LIABILITIES (62,264 ) (63,462 )
NET ASSETS 423,689 396,879

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 423,589 396,779
423,689 396,879

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

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

WINDOW FILMS DIREX LIMITED (REGISTERED NUMBER: 09576871)

BALANCE SHEET - continued
31 MAY 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 27 February 2025 and were signed on its behalf by:





Mrs M Kelly - Director


WINDOW FILMS DIREX LIMITED (REGISTERED NUMBER: 09576871)

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


1. STATUTORY INFORMATION

Window Films Direx 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 - 20% on reducing balance
Fixtures & Fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

WINDOW FILMS DIREX LIMITED (REGISTERED NUMBER: 09576871)

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


2. ACCOUNTING POLICIES - continued

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.

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 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and Fixtures Motor Computer
machinery & Fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 June 2023 541,032 30,334 79,700 33,295 684,361
Additions 37,047 2,916 - 833 40,796
Disposals (28,598 ) - - - (28,598 )
At 31 May 2024 549,481 33,250 79,700 34,128 696,559
Depreciation
At 1 June 2023 202,755 17,055 22,319 29,734 271,863
Charge for year 69,744 2,948 11,111 2,874 86,677
Eliminated on disposal (9,178 ) - - - (9,178 )
At 31 May 2024 263,321 20,003 33,430 32,608 349,362
Net book value
At 31 May 2024 286,160 13,247 46,270 1,520 347,197
At 31 May 2023 338,277 13,279 57,381 3,561 412,498

WINDOW FILMS DIREX LIMITED (REGISTERED NUMBER: 09576871)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 June 2023
and 31 May 2024 195,000 63,700 258,700
Depreciation
At 1 June 2023 83,346 11,944 95,290
Charge for year 22,330 9,704 32,034
At 31 May 2024 105,676 21,648 127,324
Net book value
At 31 May 2024 89,324 42,052 131,376
At 31 May 2023 111,654 51,756 163,410

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,071 42,604
Other debtors 10,929 9,770
41,000 52,374

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 35,105 35,105
Trade creditors 172,321 136,179
Taxation and social security 35,566 26,989
Other creditors 64,861 56,358
317,853 264,631

WINDOW FILMS DIREX LIMITED (REGISTERED NUMBER: 09576871)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,669 21,667
Hire purchase contracts 18,123 52,562
29,792 74,229