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REGISTERED NUMBER: 04508436 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

D Shaw Glazing Limited

D Shaw Glazing Limited (Registered number: 04508436)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


D Shaw Glazing Limited

Company Information
for the year ended 31 August 2024







DIRECTOR: D Shaw





SECRETARY: D Shaw





REGISTERED OFFICE: Unit 6
Mitre Place
South Shields
Tyne and Wear
NE33 5TB





REGISTERED NUMBER: 04508436 (England and Wales)





ACCOUNTANTS: TTR Barnes
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

D Shaw Glazing Limited (Registered number: 04508436)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,163 16,509
17,163 16,509

CURRENT ASSETS
Stocks 6 651 1,037
Debtors 7 4,882 5,045
Cash at bank 1 2
5,534 6,084
CREDITORS
Amounts falling due within one year 8 26,900 33,829
NET CURRENT LIABILITIES (21,366 ) (27,745 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,203

)

(11,236

)

PROVISIONS FOR LIABILITIES 882 671
NET LIABILITIES (5,085 ) (11,907 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (5,087 ) (11,909 )
SHAREHOLDERS' FUNDS (5,085 ) (11,907 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Shaw Glazing Limited (Registered number: 04508436)

Statement of Financial Position - continued
31 August 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 15 January 2025 and were signed by:





D Shaw - Director


D Shaw Glazing Limited (Registered number: 04508436)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

D Shaw Glazing 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover
Turnover represents net sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, 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.
Short leasehold - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% Straight line

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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.


D Shaw Glazing Limited (Registered number: 04508436)

Notes to the Financial Statements - continued
for the year ended 31 August 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 90,000
AMORTISATION
At 1 September 2023
and 31 August 2024 90,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 September 2023 22,220 8,461 3,022
Additions - - -
Disposals - - -
At 31 August 2024 22,220 8,461 3,022
DEPRECIATION
At 1 September 2023 9,253 7,947 2,816
Charge for year 444 78 31
Eliminated on disposal - - -
At 31 August 2024 9,697 8,025 2,847
NET BOOK VALUE
At 31 August 2024 12,523 436 175
At 31 August 2023 12,967 514 206

D Shaw Glazing Limited (Registered number: 04508436)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 6,458 2,185 42,346
Additions 5,200 - 5,200
Disposals (6,458 ) - (6,458 )
At 31 August 2024 5,200 2,185 41,088
DEPRECIATION
At 1 September 2023 3,734 2,087 25,837
Charge for year 1,248 82 1,883
Eliminated on disposal (3,795 ) - (3,795 )
At 31 August 2024 1,187 2,169 23,925
NET BOOK VALUE
At 31 August 2024 4,013 16 17,163
At 31 August 2023 2,724 98 16,509

6. STOCKS
2024 2023
£    £   
Stocks 651 1,037

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,681 4,894
Other debtors 201 151
4,882 5,045

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 7,751 9,122
Trade creditors 4,022 8,941
Taxation and social security 4,317 2,201
Other creditors 10,810 13,565
26,900 33,829

D Shaw Glazing Limited (Registered number: 04508436)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 7,751 9,122

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 7,751 9,122

Bank borrowings are secured by a fixed and floating charge over the company's assets and director's personal guarantees.