Silverfin false false 31/12/2024 01/01/2024 31/12/2024 John David Hewitt 01/03/2002 Ian Douglas Sims 01/05/2002 Judy Elizabeth Sims 01/05/2002 Neil Phillip Spicer 22/06/2015 17 June 2025 The principal activity of the company in the year under review was that of the manufacture and supply of
sealed units and conservatory roof systems.
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Company No: 04077439 (England and Wales)

DOUBLE R GLASS AND ROOFING SYSTEMS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

DOUBLE R GLASS AND ROOFING SYSTEMS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

DOUBLE R GLASS AND ROOFING SYSTEMS LTD

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
DOUBLE R GLASS AND ROOFING SYSTEMS LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
DIRECTORS John David Hewitt
Ian Douglas Sims
Judy Elizabeth Sims
Neil Phillip Spicer
REGISTERED OFFICE 1-7 Don White Road
Ogee Business Park
Wellingborough
NN8 4FT
United Kingdom
COMPANY NUMBER 04077439 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Eagle House
28 Billing Road
Northampton
NN1 5AJ
DOUBLE R GLASS AND ROOFING SYSTEMS LTD

BALANCE SHEET

AS AT 31 DECEMBER 2024
DOUBLE R GLASS AND ROOFING SYSTEMS LTD

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 1,331,978 890,578
1,331,978 890,578
Current assets
Stocks 154,628 183,767
Debtors 5 881,400 847,470
Cash at bank and in hand 216 156
1,036,244 1,031,393
Creditors: amounts falling due within one year 6 ( 1,252,505) ( 918,026)
Net current (liabilities)/assets (216,261) 113,367
Total assets less current liabilities 1,115,717 1,003,945
Creditors: amounts falling due after more than one year 7 ( 356,047) 0
Provision for liabilities 8 ( 100,161) ( 146,910)
Net assets 659,509 857,035
Capital and reserves
Called-up share capital 9 92 92
Share premium account 4,995 4,995
Capital redemption reserve 13 13
Profit and loss account 654,409 851,935
Total shareholders' funds 659,509 857,035

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

Directors' responsibilities:

The financial statements of Double R Glass And Roofing Systems Ltd (registered number: 04077439) were approved and authorised for issue by the Board of Directors on 17 June 2025. They were signed on its behalf by:

Judy Elizabeth Sims
Director
Ian Douglas Sims
Director
DOUBLE R GLASS AND ROOFING SYSTEMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
DOUBLE R GLASS AND ROOFING SYSTEMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Double R Glass And Roofing Systems Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1-7 Don White Road, Ogee Business Park, Wellingborough, NN8 4FT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
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.

Tangible fixed assets

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Leasehold improvements 3 - 10 years straight line
Plant and machinery 3 - 15 years straight line
Vehicles 5 years straight line
Fixtures and fittings 4 - 5 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial
liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to
produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to
equity instruments are debited direct to equity.

Provisions

Provisions are recognised when the has a present obligation (legal or constructive) as a result of a past event, it is probable that the will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 59 58

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 January 2024 192,132 1,968,327 333,593 108,818 2,602,870
Additions 4,997 607,236 14,700 300 627,233
Disposals ( 24,374) ( 300,570) ( 105,203) ( 7,585) ( 437,732)
At 31 December 2024 172,755 2,274,993 243,090 101,533 2,792,371
Accumulated depreciation
At 01 January 2024 160,876 1,214,238 238,498 98,680 1,712,292
Charge for the financial year 13,474 125,526 36,921 2,979 178,900
Disposals ( 24,374) ( 300,569) ( 98,271) ( 7,585) ( 430,799)
At 31 December 2024 149,976 1,039,195 177,148 94,074 1,460,393
Net book value
At 31 December 2024 22,779 1,235,798 65,942 7,459 1,331,978
At 31 December 2023 31,256 754,089 95,095 10,138 890,578

5. Debtors

2024 2023
£ £
Trade debtors 828,753 655,572
Prepayments 52,567 147,067
Corporation tax 0 44,190
Other debtors 80 641
881,400 847,470

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank overdrafts 446,204 50,691
Trade creditors 439,372 707,523
Amounts owed to directors 20,000 0
Other loans (secured) 122,889 0
Accruals 24,241 8,518
Other taxation and social security 177,124 128,234
Other creditors 22,675 23,060
1,252,505 918,026

The loans are secured against the asset to which they relate.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans (secured) 356,047 0

The loans are secured against the asset to which they relate.

8. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 146,910) ( 147,015)
Credited to the Profit and Loss Account 46,749 105
At the end of financial year ( 100,161) ( 146,910)

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
92 Ordinary shares of £ 1.00 each 92 92

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 200,083 200,083
between one and five years 800,334 800,334
after five years 116,715 316,799
1,117,132 1,317,216

11. Ultimate controlling party

The company is under the control of I & J Sims, two of the directors.