Diamond Window Systems Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04473359 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2022

for

Diamond Window Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R P Lee

SECRETARY:

Mrs C Lee

REGISTERED OFFICE:

Unit 15, Unity Road

Lowmoor Business Park

Kirkby in Ashfield

Nottinghamshire

NG17 7LE

REGISTERED NUMBER:

04473359 (England and Wales)

ACCOUNTANTS:

Hunter Jones Alton

36 Bridge Street

Belper

Derbyshire

DE56 1AX

FIXED ASSETS

Intangible assets

4

13,500

13,500

Tangible assets

5

617,829

661,683

631,329

675,183

CURRENT ASSETS

Stocks

178,542

150,204

Debtors

6

47,683

166,992

Cash at bank

298,044

398,800

524,269

715,996

CREDITORS

Amounts falling due within one year

7

586,660

829,864

NET CURRENT LIABILITIES

(62,391

)

(113,868

)

TOTAL ASSETS LESS CURRENT LIABILITIES

568,938

561,315

CREDITORS

Amounts falling due after more than one year

8

16,880

4,560

NET ASSETS

552,058

556,755

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

552,056

556,753

552,058

556,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 4 April 2023 and were signed by:

R P Lee - Director

1.	STATUTORY INFORMATION

Diamond Window Systems 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% 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.

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 20 (2021 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2021

and 31 July 2022

30,000

AMORTISATION

At 1 August 2021

and 31 July 2022

16,500

NET BOOK VALUE

At 31 July 2022

13,500

At 31 July 2021

13,500

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2021

473,651

800,872

1,274,523

Additions

-

9,444

9,444

At 31 July 2022

473,651

810,316

1,283,967

DEPRECIATION

At 1 August 2021

22,132

590,708

612,840

Charge for year

-

53,298

53,298

At 31 July 2022

22,132

644,006

666,138

NET BOOK VALUE

At 31 July 2022

451,519

166,310

617,829

At 31 July 2021

451,519

210,164

661,683

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

47,683

166,992

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Hire purchase contracts

14,389

4,963

Trade creditors

296,921

387,031

Taxation and social security

29,019

14,556

Other creditors

246,331

423,314

586,660

829,864

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Hire purchase contracts

16,880

4,560