REGISTERED NUMBER: 02414601 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LANCASHIRE DOUBLE GLAZING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr T W Forsyth

SECRETARY:

Mrs M A Forsyth

REGISTERED OFFICE:

213-217 Havelock Street

Preston

Lancashire

PR1 7NL

REGISTERED NUMBER:

02414601 (England and Wales)

ACCOUNTANTS:

Jones Harris Limited

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

FIXED ASSETS

Tangible assets

4

47,812

63,354

CURRENT ASSETS

Stocks

155,101

163,089

Debtors

5

3,474,691

2,987,712

Cash at bank and in hand

188,404

216,863

3,818,196

3,367,664

CREDITORS

Amounts falling due within one year

6

(1,815,975

)

(1,518,028

)

NET CURRENT ASSETS

2,002,221

1,849,636

TOTAL ASSETS LESS CURRENT LIABILITIES

2,050,033

1,912,990

PROVISIONS FOR LIABILITIES

(11,953

)

(14,901

)

NET ASSETS

2,038,080

1,898,089

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,037,980

1,897,989

SHAREHOLDERS' FUNDS

2,038,080

1,898,089

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

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

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 director and authorised for issue on 29 September 2025 and were signed by:

Mr T W Forsyth - Director

1.	STATUTORY INFORMATION

Lancashire Double 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.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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.

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.

Going concern

The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

238,518

12,148

250,666

Additions

363

-

363

At 31 December 2024

238,881

12,148

251,029

DEPRECIATION

At 1 January 2024

176,336

10,976

187,312

Charge for year

15,612

293

15,905

At 31 December 2024

191,948

11,269

203,217

NET BOOK VALUE

At 31 December 2024

46,933

879

47,812

At 31 December 2023

62,182

1,172

63,354

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

149,983

144,018

Amounts owed by related

companies

3,317,828

2,836,763

Prepayments

6,880

6,931

3,474,691

2,987,712

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

284,053

233,357

Tax

50,862

85,167

Social security and other taxes

21,642

19,549

VAT

56,954

44,441

Other creditors

1,398,691

1,107,268

LDG Solar North West Ltd

-

22,500

Accruals and deferred income

3,773

5,746

1,815,975

1,518,028