IRIS Accounts Production v24.2.0.383 11822899 Board of Directors Board of Directors 30.4.24 1.5.23 30.4.24 30.4.24 the manufacture and fitting of UPVC and ALuminium windows and doors. true true true false true true false false false true false Ordinary 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure118228992023-04-30118228992024-04-30118228992023-05-012024-04-30118228992022-04-30118228992022-05-012023-04-30118228992023-04-3011822899ns16:EnglandWales2023-05-012024-04-3011822899ns15:PoundSterling2023-05-012024-04-3011822899ns11:Director12023-05-012024-04-3011822899ns11:Director22023-05-012024-04-3011822899ns11:Consolidated2024-04-3011822899ns11:ConsolidatedGroupCompanyAccounts2023-05-012024-04-3011822899ns11:PrivateLimitedCompanyLtd2023-05-012024-04-3011822899ns11:FRS102ns11:Consolidated2023-05-012024-04-3011822899ns11:Auditedns11:Consolidated2023-05-012024-04-3011822899ns11:Consolidatedns11:LargeMedium-sizedCompaniesRegimeForDirectorsReport2023-05-012024-04-3011822899ns11:LargeMedium-sizedCompaniesRegimeForAccountsns11:Consolidated2023-05-012024-04-3011822899ns11:FullAccounts2023-05-012024-04-3011822899ns6:Subsidiary12023-05-012024-04-3011822899ns11:OrdinaryShareClass12023-05-012024-04-3011822899ns11:Consolidated2023-05-012024-04-3011822899ns11:RegisteredOffice2023-05-012024-04-3011822899ns11:Consolidated2022-05-012023-04-3011822899ns6:CurrentFinancialInstruments2024-04-3011822899ns6:CurrentFinancialInstruments2023-04-3011822899ns6:ShareCapital2024-04-3011822899ns6:ShareCapital2023-04-3011822899ns6:SharePremium2024-04-3011822899ns6:SharePremium2023-04-3011822899ns6:RetainedEarningsAccumulatedLosses2024-04-3011822899ns6:RetainedEarningsAccumulatedLosses2023-04-3011822899ns6:ShareCapital2022-04-3011822899ns6:RetainedEarningsAccumulatedLosses2022-04-3011822899ns6:SharePremium2022-04-3011822899ns6:RetainedEarningsAccumulatedLosses2022-05-012023-04-3011822899ns6:RetainedEarningsAccumulatedLosses2023-05-012024-04-3011822899ns6:LeaseholdImprovements2023-05-012024-04-3011822899ns6:PlantMachinery2023-05-012024-04-3011822899ns6:FurnitureFittings2023-05-012024-04-3011822899ns6:MotorVehicles2023-05-012024-04-3011822899ns6:ComputerEquipment2023-05-012024-04-3011822899ns6:PlantMachinery2023-04-3011822899ns6:FurnitureFittings2023-04-3011822899ns6:MotorVehicles2023-04-3011822899ns6:ComputerEquipment2023-04-3011822899ns6:PlantMachinery2024-04-3011822899ns6:FurnitureFittings2024-04-3011822899ns6:MotorVehicles2024-04-3011822899ns6:ComputerEquipment2024-04-3011822899ns6:PlantMachinery2023-04-3011822899ns6:FurnitureFittings2023-04-3011822899ns6:MotorVehicles2023-04-3011822899ns6:ComputerEquipment2023-04-3011822899ns6:CostValuation2023-04-30118228991ns6:Subsidiary12023-05-012024-04-3011822899ns6:Subsidiary12024-04-3011822899ns6:Subsidiary12023-04-3011822899ns6:Subsidiary12022-05-012023-04-3011822899ns6:WithinOneYearns6:CurrentFinancialInstruments2024-04-3011822899ns6:WithinOneYearns6:CurrentFinancialInstruments2023-04-3011822899ns6:DeferredTaxation2023-04-3011822899ns6:DeferredTaxation2023-05-012024-04-3011822899ns6:DeferredTaxation2024-04-3011822899ns11:OrdinaryShareClass12024-04-3011822899ns6:RetainedEarningsAccumulatedLosses2023-04-3011822899ns6:SharePremium2023-04-30
REGISTERED NUMBER: 11822899 (England and Wales)















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 14

Company Statement of Changes in Equity 15

Consolidated Cash Flow Statement 16

Notes to the Consolidated Cash Flow Statement 17

Notes to the Consolidated Financial Statements 18


ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D A Barraclough
N M Fletcher





REGISTERED OFFICE: Sycamore House
Knowsthorpe Lane
Cross Green Industrial Estate
Leeds
West Yorkshire
LS9 0PJ





REGISTERED NUMBER: 11822899 (England and Wales)





AUDITORS: Brosnans
Chartered Accountants
and Statutory Auditors
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024

The directors present their strategic report of the company and the group for the year ended 30 April 2024.

PRINCIPAL ACTIVITIES AND REVIEW OF BUSINESS
The company owns 100% of the shares in Alternative Windows (Leeds) Limited. The company has consolidated the business of Alternative Windows (Leeds) Limited into the group and has benefited from the ownership.

The parent company along with it's trading subsidiary continues the principal activity of the manufacture and fitting of UPVC and Aluminium windows and doors.

Group turnover for the year was £13,443,132 (2023 - £12,490,999) and pre tax profits were £1,869,667 (2023 - £1,369,227). The group has continued to hold a stable position in the market place.

PRINCIPAL RISKS AND UNCERTAINTIES
Financial risk management objectives and policies
The company operates in the UK market. The company seeks to mitigate exposure to all forms of risk both internal and external.

Customers and suppliers
The company is not wholly dependent on any one supplier or customer.

Credit risk
The company carries out credit checks on customers through one of the leading credit checking agencies. All customers are assigned a credit limit and trading terms which are monitored on an on-going basis.

Laws and regulations
The company complies with all relevant regulations to operate within the law.
The company takes its health, safety and environmental responsibilities very seriously.


Employees
The average number of employees throughout the year was 84 (2023 - 81).

The company continues to be an Equal Opportunities Employer. In employment related decisions the company complies with anti discrimination requirements concerning matters of race, colour, national origin, marital status, sexual orientation, religious belief, age and physical or mental ability. Disabled people are given full and equal consideration for employment and their development is assisted and encouraged.

ON BEHALF OF THE BOARD:





D A Barraclough - Director


29 August 2024

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024

The directors present their report with the financial statements of the company and the group for the year ended 30 April 2024.

DIVIDENDS
Interim dividends per share were paid as follows:
31 May 2023 £400
30 June 2023 £400
31 July 2023 £820
31 August 2023 £400
30 September 2023 £400
31 October 2023 £400
30 November 2023 £800
31 December 2023 £400
31 January 2024 £400
29 February 2024 £800
31 March 2024 £400
30 April 2024 £740
£6,360

The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 30 April 2024 will be £636,000.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

D A Barraclough
N M Fletcher

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES - continued
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Brosnans, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





D A Barraclough - Director


29 August 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD

Opinion
We have audited the financial statements of Alternative Windows (Leeds) Holdings Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 April 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD


Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on pages three and four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Audit response to risks identified
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
- the nature of the industry and sector, control environment and business performance;
- results of our enquiries of management about their own identification and assessment of the risks of irregularities;
- any matters we identified having obtained and reviewed the group's documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We obtained an understanding of the legal and regulatory frameworks that the group operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

Our procedures to respond to risks identified included the following:
- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiring of management concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- obtaining an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of provisions and
- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD

We also communicated relevant identified laws and regulations to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Adam John Brosnan (Senior Statutory Auditor)
for and on behalf of Brosnans
Chartered Accountants
and Statutory Auditors
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

29 August 2024

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

TURNOVER 13,443,132 12,490,999

Cost of sales (5,579,277 ) (5,875,002 )
GROSS PROFIT 7,863,855 6,615,997

Administrative expenses (6,032,938 ) (5,254,954 )
OPERATING PROFIT 4 1,830,917 1,361,043

Interest receivable and similar income 38,750 8,184
PROFIT BEFORE TAXATION 1,869,667 1,369,227

Tax on profit 5 (467,542 ) (276,059 )
PROFIT FOR THE FINANCIAL YEAR 1,402,125 1,093,168
Profit attributable to:
Owners of the parent 1,402,125 1,093,168

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

CONSOLIDATED
OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,402,125 1,093,168


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

1,402,125

1,093,168

Total comprehensive income attributable to:
Owners of the parent 1,402,125 1,093,168

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

CONSOLIDATED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 8 255,024 355,932
Investments 9 - -
255,024 355,932

CURRENT ASSETS
Stocks 10 2,814,304 2,464,251
Debtors 11 1,643,949 1,804,080
Cash at bank 1,627,570 816,302
6,085,823 5,084,633
CREDITORS
Amounts falling due within one year 12 (2,314,209 ) (2,164,702 )
NET CURRENT ASSETS 3,771,614 2,919,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,026,638

3,275,863

PROVISIONS FOR LIABILITIES 15 (18,762 ) (34,112 )
NET ASSETS 4,007,876 3,241,751

CAPITAL AND RESERVES
Called up share capital 16 100 100
Retained earnings 17 4,007,776 3,241,651
SHAREHOLDERS' FUNDS 4,007,876 3,241,751

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




D A Barraclough - Director



N M Fletcher - Director


ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

COMPANY BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 8 255,024 355,932
Investments 9 1,022 1,022
256,046 356,954

CURRENT ASSETS
Debtors 11 1,341,790 2,207,627
Cash at bank 1,167,834 168,501
2,509,624 2,376,128
CREDITORS
Amounts falling due within one year 12 (335,668 ) (346,055 )
NET CURRENT ASSETS 2,173,956 2,030,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,430,002

2,387,027

PROVISIONS FOR LIABILITIES 15 (18,762 ) (34,112 )
NET ASSETS 2,411,240 2,352,915

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

COMPANY BALANCE SHEET - continued
30 APRIL 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 16 100 100
Share premium 17 922 922
Retained earnings 17 2,410,218 2,351,893
SHAREHOLDERS' FUNDS 2,411,240 2,352,915

Company's profit for the financial year 694,325 869,248


The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




D A Barraclough - Director



N M Fletcher - Director


ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 May 2022 100 2,868,483 2,868,583

Changes in equity
Dividends - (720,000 ) (720,000 )
Total comprehensive income - 1,093,168 1,093,168
Balance at 30 April 2023 100 3,241,651 3,241,751

Changes in equity
Dividends - (636,000 ) (636,000 )
Total comprehensive income - 1,402,125 1,402,125
Balance at 30 April 2024 100 4,007,776 4,007,876

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 May 2022 100 2,202,645 922 2,203,667

Changes in equity
Dividends - (720,000 ) - (720,000 )
Total comprehensive income - 869,248 - 869,248
Balance at 30 April 2023 100 2,351,893 922 2,352,915

Changes in equity
Dividends - (636,000 ) - (636,000 )
Total comprehensive income - 694,325 - 694,325
Balance at 30 April 2024 100 2,410,218 922 2,411,240

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,839,045 1,239,698
Tax paid (381,761 ) (205,576 )
Net cash from operating activities 1,457,284 1,034,122

Cash flows from investing activities
Purchase of tangible fixed assets (5,835 ) (40,409 )
Interest received 38,750 8,184
Net cash from investing activities 32,915 (32,225 )

Cash flows from financing activities
Amount introduced by directors 636,000 729,000
Amount withdrawn by directors (678,931 ) (621,604 )
Equity dividends paid (636,000 ) (720,000 )
Net cash from financing activities (678,931 ) (612,604 )

Increase in cash and cash equivalents 811,268 389,293
Cash and cash equivalents at beginning
of year

2

816,302

427,009

Cash and cash equivalents at end of
year

2

1,627,570

816,302

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2024 2023
£    £   
Profit before taxation 1,869,667 1,369,227
Depreciation charges 106,743 120,501
Finance income (38,750 ) (8,184 )
1,937,660 1,481,544
(Increase)/decrease in stocks (350,053 ) 1,037,606
Decrease/(increase) in trade and other debtors 160,131 (1,022,256 )
Increase/(decrease) in trade and other creditors 91,307 (257,196 )
Cash generated from operations 1,839,045 1,239,698

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2024
30.4.24 1.5.23
£    £   
Cash and cash equivalents 1,627,570 816,302
Year ended 30 April 2023
30.4.23 1.5.22
£    £   
Cash and cash equivalents 816,302 427,009


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.23 Cash flow At 30.4.24
£    £    £   
Net cash
Cash at bank 816,302 811,268 1,627,570
816,302 811,268 1,627,570
Total 816,302 811,268 1,627,570

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Alternative Windows (Leeds) Holdings Ltd 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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" 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 25% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS AND WORKS IN PROGRESS
Stocks and works in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Contracts work in progress is valued at the lower of sales value applied for including retentions and the net realisable value, after making due allowance for customer set off costs and substandard or rejected work.


ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 2,620,168 2,445,980
Social security costs 265,568 240,188
Other pension costs 55,901 51,264
2,941,637 2,737,432

The average number of employees during the year was as follows:
2024 2023

Directors employed by holding company 2 2
Staff employed by subsidiary company 82 79
84 81

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS - continued

2024 2023
£    £   
Directors' remuneration 289,106 278,216

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 174,648 169,371

The amount of contributions paid to a money purchase pension scheme on behalf of the directors' during the year was £8,000 (2023 : £8, 000 ). The amount paid on behalf of the highest paid director being £4,000 (2023 : £4,000 )

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 106,743 120,500
Auditors' remuneration 8,000 1,798
Auditors' remuneration - other services 12,000 12,000
Operating lease payments in respect of land and buildings 185,435 178,132
Defined contribution pension payments 47,901 51,264

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 482,892 273,935

Deferred tax (15,350 ) 2,124
Tax on profit 467,542 276,059

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TAXATION - continued

RECONCILIATION OF TOTAL TAX CHARGE INCLUDED IN PROFIT AND LOSS
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 1,869,667 1,369,227
Profit multiplied by the standard rate of corporation tax in the UK
of 25 % (2023 - 19.493 %)

467,417

266,903

Effects of:
Expenses not deductible for tax purposes 125 811
Depreciation in excess of capital allowances 15,350 6,221
Deferred tax charge (15,350 ) 2,124
Total tax charge 467,542 276,059

6. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


7. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 636,000 720,000

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. TANGIBLE FIXED ASSETS

Group
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 118,563 503,453 232,538
Additions - 5,835 -
At 30 April 2024 118,563 509,288 232,538
DEPRECIATION
At 1 May 2023 118,563 317,823 109,382
Charge for year - 47,333 45,982
At 30 April 2024 118,563 365,156 155,364
NET BOOK VALUE
At 30 April 2024 - 144,132 77,174
At 30 April 2023 - 185,630 123,156

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 106,627 75,082 1,036,263
Additions - - 5,835
At 30 April 2024 106,627 75,082 1,042,098
DEPRECIATION
At 1 May 2023 71,693 62,870 680,331
Charge for year 8,712 4,716 106,743
At 30 April 2024 80,405 67,586 787,074
NET BOOK VALUE
At 30 April 2024 26,222 7,496 255,024
At 30 April 2023 34,934 12,212 355,932

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. TANGIBLE FIXED ASSETS - continued

Company
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 503,453 232,538 106,627 75,082 917,700
Additions 5,835 - - - 5,835
At 30 April 2024 509,288 232,538 106,627 75,082 923,535
DEPRECIATION
At 1 May 2023 317,823 109,382 71,693 62,870 561,768
Charge for year 47,333 45,982 8,712 4,716 106,743
At 30 April 2024 365,156 155,364 80,405 67,586 668,511
NET BOOK VALUE
At 30 April 2024 144,132 77,174 26,222 7,496 255,024
At 30 April 2023 185,630 123,156 34,934 12,212 355,932

9. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 1,022
NET BOOK VALUE
At 30 April 2024 1,022
At 30 April 2023 1,022

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

SUBSIDIARY

Alternative Windows (Leeds) Limited
Registered office: Sycamore House, Knowlesthorpe Lane, Cross Green Industrial Estate, Leeds, LS9 0PJ
Nature of business: Manufacture and supply of windows and doors
%
Class of shares: holding
Ordinary £1 shares 100.00
2024 2023
£    £   
Aggregate capital and reserves 1,597,658 889,858
Profit for the year 1,187,800 853,920

The company acquired the subsidiary on 9 April 2019.


10. STOCKS

Group
2024 2023
£    £   
Raw material stocks 328,950 331,055
Work in Progress 2,485,354 2,133,196
2,814,304 2,464,251

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 1,296,584 1,316,745 - -
Amounts owed by group undertakings - - 1,291,790 1,947,627
Other debtors 50,000 260,000 50,000 260,000
VAT 167,291 111,566 - -
Prepayments 130,074 115,769 - -
1,643,949 1,804,080 1,341,790 2,207,627

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade creditors 1,215,475 1,040,091 467 92
Tax 375,066 273,935 86,792 66,170
Social security and other taxes 115,004 105,789 6,282 6,006
VAT - - 33,322 35,910
Other creditors 11,142 11,187 - -
Directors' current accounts 166,622 209,553 166,622 209,553
Accrued expenses 430,900 524,147 42,183 28,324
2,314,209 2,164,702 335,668 346,055

13. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 192,000 192,000
Between one and five years 403,609 595,609
595,609 787,609

Lease expiring 7 June 2027

14. SECURED DEBTS

Alternative Windows (Leeds) Limited, the subsidiary, has an overdraft facility which is secured by a debenture from the directors, D Barraclough and N Fletcher, and an unlimited Inter-Company Composite Guarantee between the Alternative Windows (Leeds) Holdings Limited and the subsidiary.

15. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax 18,762 34,112 18,762 34,112

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

15. PROVISIONS FOR LIABILITIES - continued

Group
Deferred
tax
£   
Balance at 1 May 2023 34,112
Change in corporation tax rate
Accelerated capital allowances (15,350 )
Balance at 30 April 2024 18,762

Company
Deferred
tax
£   
Balance at 1 May 2023 34,112
Provided during year (15,350 )
Balance at 30 April 2024 18,762

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

17. RESERVES

Group
Retained
earnings
£   

At 1 May 2023 3,241,651
Profit for the year 1,402,125
Dividends (636,000 )
At 30 April 2024 4,007,776

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

17. RESERVES - continued

Company
Retained Share
earnings premium Totals
£    £    £   

At 1 May 2023 2,351,893 922 2,352,815
Profit for the year 694,325 694,325
Dividends (636,000 ) (636,000 )
At 30 April 2024 2,410,218 922 2,411,140


18. PENSION COMMITMENTS

The Group pays into defined contribution schemes for its directors' and senior staff members and Nest for the remaining employees.

The total employers pension costs in the year were £55,901 (2023 : £51,264)

The total pension contribution amounts owing at 30 April 2024 were £4,135 (2023 : £8,388).

ALTERNATIVE WINDOWS (LEEDS) HOLDINGS LTD (REGISTERED NUMBER: 11822899)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

19. RELATED PARTY DISCLOSURES

Alternative Windows (Leeds) Holdings Limited, the company, is the parent of a wholly owned subsiduary, Alternative Windows (Leeds) Limited.

The Company is controlled by its directors, DA Barraclough and NM Fletcher, by virtue of the fact that between them they own the whole of the Company's share capital.

At 30 April 2024 Alternative Windows (Leeds) Limited, the subsidiary, owed the Company £1,291,790 (2023: £1,947,627).

At 30 April 2024 the company owed the directors the following amounts;

D Barraclough £83,311 (2023: £104,777)
N Fletcher £83,311 (2023: £104,777)


During the year the Company received dividends from the Subsidiary totalling £480,000 (2023: £630,000)

During the year the Company voted dividends to the Directors totalling £636,000 (2023: £720,000)

During the year to 30 April 2024 the Company, had the following transactions with Alternative Windows (Leeds) Ltd, the subsidiary;

The Company charged the Subsidiary management charges totalling £530,000 (2023: £520,000).
The Company charged the Subsidiary equipment and vehicle hire charges totalling £240,000 (2023: £240,000).

During the year to 30 April 2024 the company received a repayment of £210,000 towards a loan from Westmanor Designs Limited, a company controlled by D Barraclough. The balance outstanding at 30 April 2024 was £50,000 (2023: £260,000 )