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Registration number: 06634621

JDC Windows Limited

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

JDC Windows Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

JDC Windows Limited

Company Information

Director

Mr James Douglas Cooper

Registered office

Croft End Beacon Lane
Winterbourne
Bristol
BS36 1JT
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

JDC Windows Limited

(Registration number: 06634621)
Balance Sheet as at 31 July 2024

Note

31 July
2024
£

31 July
2023
£

Fixed assets

 

Tangible assets

4

2,333

3,111

Current assets

 

Stocks

5

26,612

14,467

Debtors

6

8,897

3,966

Cash at bank and in hand

 

2,579

913

 

38,088

19,346

Creditors: Amounts falling due within one year

7

(49,319)

(38,185)

Net current liabilities

 

(11,231)

(18,839)

Total assets less current liabilities

 

(8,898)

(15,728)

Creditors: Amounts falling due after more than one year

7

(12,893)

(15,330)

Net liabilities

 

(21,791)

(31,058)

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

(21,792)

(31,059)

Shareholders' deficit

 

(21,791)

(31,058)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

JDC Windows Limited

(Registration number: 06634621)
Balance Sheet as at 31 July 2024

Approved and authorised by the director on 27 September 2024
 

.........................................
Mr James Douglas Cooper
Director

 

JDC Windows Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Croft End Beacon Lane
Winterbourne
Bristol
BS36 1JT

These financial statements were authorised for issue by the director on 27 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The director considers the company to be a going a concern despite some difficulties and losses in the year due to the rise in cost of materials. There continues to be ongoing financial support from the director and further recovery steps implemented to resolve this.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

JDC Windows Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% Reducing Balance

Motor Vehicles

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

JDC Windows Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

 

JDC Windows Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

3,106

13,094

16,200

At 31 July 2024

3,106

13,094

16,200

Depreciation

At 1 August 2023

2,326

10,763

13,089

Charge for the year

195

583

778

At 31 July 2024

2,521

11,346

13,867

Carrying amount

At 31 July 2024

585

1,748

2,333

At 31 July 2023

780

2,331

3,111

5

Stocks

31 July
2024
£

31 July
2023
£

Work in progress

11,955

-

Stocks

14,657

14,467

26,612

14,467

 

JDC Windows Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2024

6

Debtors

Current

31 July
2024
£

31 July
2023
£

Trade debtors

4,350

-

Prepayments

132

110

Other debtors

2,621

2,621

VAT

-

106

Directors account

1,794

1,129

 

8,897

3,966

7

Creditors

Creditors: amounts falling due within one year

Note

31 July
2024
£

31 July
2023
£

Due within one year

 

Bank loans and overdrafts

9

2,437

2,381

Trade creditors

 

27,122

29,446

Taxation and social security

 

12,516

1,289

Accruals and deferred income

 

2,077

2,045

Other creditors

 

5,167

3,024

 

49,319

38,185

Creditors: amounts falling due after more than one year

Note

31 July
2024
£

31 July
2023
£

Due after one year

 

Loans and borrowings

9

12,893

15,330

 

JDC Windows Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2024

8

Share capital

Allotted, called up and fully paid shares

31 July
2024

31 July
2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

9

Loans and borrowings

Non-current loans and borrowings

31 July
2024
£

31 July
2023
£

Bank borrowings

12,893

15,330

Current loans and borrowings

31 July
2024
£

31 July
2023
£

Bank borrowings

2,437

2,381

10

Dividends

Interim dividends paid

31 July
2024
£

31 July
2023
£

Interim dividend of £Nil per each Ordinary

-

-

 

 
 

JDC Windows Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2024

11

Related party transactions

Transactions with the director

2024

At 1 August 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

Mr James Douglas Cooper

Directors Loan

(1,129)

(33,536)

32,871

(1,794)

2023

At 1 August 2022
£

Advances to director
£

Repayments by director
£

At 31 July 2023
£

Mr James Douglas Cooper

Directors Loan

(173)

(23,297)

22,341

(1,129)

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

23,882

24,246