Diamond Window Systems Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04473359 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2017

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

634,780

627,529

648,280

641,029

CURRENT ASSETS

Stocks

83,144

77,545

Debtors

6

60,198

43,087

Cash at bank

209,824

150,977

353,166

271,609

CREDITORS

Amounts falling due within one year

7

487,206

537,377

NET CURRENT LIABILITIES

(134,040

)

(265,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

514,240

375,261

CREDITORS

Amounts falling due after more than one year

8

181,960

138,241

NET ASSETS

332,280

237,020

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

332,278

237,018

332,280

237,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19 April 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 15 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2016

and 31 July 2017

30,000

AMORTISATION

At 1 August 2016

and 31 July 2017

16,500

NET BOOK VALUE

At 31 July 2017

13,500

At 31 July 2016

13,500

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2016

473,651

547,079

1,020,730

Additions

-

73,061

73,061

Disposals

-

(16,175

)

(16,175

)

At 31 July 2017

473,651

603,965

1,077,616

DEPRECIATION

At 1 August 2016

22,132

371,069

393,201

Charge for year

-

56,712

56,712

Eliminated on disposal

-

(7,077

)

(7,077

)

At 31 July 2017

22,132

420,704

442,836

NET BOOK VALUE

At 31 July 2017

451,519

183,261

634,780

At 31 July 2016

451,519

176,010

627,529

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

60,198

43,087

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Bank loans and overdrafts

23,880

23,880

Hire purchase contracts

25,747

-

Trade creditors

196,285

301,283

Taxation and social security

25,078

4,511

Other creditors

216,216

207,703

487,206

537,377

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.17

31.7.16

£

£

Bank loans

106,304

138,241

Hire purchase contracts

75,656

-

181,960

138,241

Amounts falling due in more than five years:

Repayable by instalments

Bank loan > 5 years

10,784

42,721