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REGISTERED NUMBER: 02752345 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ALTERNATIVE WINDOWS (LEEDS) LIMITED

ALTERNATIVE WINDOWS (LEEDS) LIMITED (REGISTERED NUMBER: 02752345)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15


ALTERNATIVE WINDOWS (LEEDS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D A Barraclough
N M Fletcher


SECRETARY: Mrs G Shields


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


REGISTERED NUMBER: 02752345 (England and Wales)


SENIOR STATUTORY AUDITOR: Adam Brosnan


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


SOLICITORS: Gordons
Riverside West
Whitehall Road
Leeds
LS1 4AW

ALTERNATIVE WINDOWS (LEEDS) LIMITED (REGISTERED NUMBER: 02752345)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024

The directors present their strategic report for the year ended 30 April 2024.

PRINCIPAL ACTIVITIES AND REVIEW OF BUSINESS
The directors present their strategic report for the year ended 30 April 2024.

The company continues to be a 100% owned subsidiary of Alternative Windows (Leeds) Holdings Limited. Consolidated accounts are prepared by Alternative Windows (Leeds) Holdings Limited.

The principal activity of the company in the year under review was that of the manufacture and fitting of UPVC and Aluminium windows and doors.

Turnover for the year was £13,443,132 (2023 - £12,490,999) and pre-tax profits were £1,583,900 (2023 - £1,061,685).The company 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) LIMITED (REGISTERED NUMBER: 02752345)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024

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

DIVIDENDS
Interim dividends per share were paid as
follows:


31 May 2023 £40,000
30 June 2023 £40,000
31 July 2023 £40,000
31 August 2023 £40,000
30 September 2023 £40,000
31 October 2023 £40,000
30 November 2023 £40,000
31 December 2023 £40,000
31 January 2024 £40,000
29 February 2024 £40,000
31 March 2024 £40,000
30 April 2024 £40,000

The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30 April 2024 will be £480,000.

FUTURE DEVELOPMENTS
The company will continue to seek new customers and markets for its products and build upon its existing customer base.

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


ALTERNATIVE WINDOWS (LEEDS) LIMITED (REGISTERED NUMBER: 02752345)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the 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 of the profit or loss of the company 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.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company'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 company'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) LIMITED

Opinion
We have audited the financial statements of Alternative Windows (Leeds) Limited (the 'company') for the year ended 30 April 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 30 April 2024 and of its 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 company 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 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.

Other information
The directors are responsible for the other information. The other information comprises the information in the 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.

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


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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or
- the 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 page 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 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 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) LIMITED


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) LIMITED

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 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) LIMITED (REGISTERED NUMBER: 02752345)

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 ) (5,875,000 )
GROSS PROFIT 7,863,855 6,615,999

Administrative expenses (6,295,421 ) (5,558,403 )
OPERATING PROFIT 4 1,568,434 1,057,596

Interest receivable and similar income 15,466 4,089
PROFIT BEFORE TAXATION 1,583,900 1,061,685

Tax on profit 5 (396,100 ) (207,765 )
PROFIT FOR THE FINANCIAL YEAR 1,187,800 853,920

ALTERNATIVE WINDOWS (LEEDS) LIMITED (REGISTERED NUMBER: 02752345)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,187,800 853,920


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

1,187,800

853,920

ALTERNATIVE WINDOWS (LEEDS) LIMITED (REGISTERED NUMBER: 02752345)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 8 2,814,304 2,464,251
Debtors 9 1,627,271 1,579,990
Cash at bank 459,736 647,801
4,901,311 4,692,042
CREDITORS
Amounts falling due within one year 10 (3,303,653 ) (3,802,184 )
NET CURRENT ASSETS 1,597,658 889,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,597,658

889,858

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 14 1,597,558 889,758
SHAREHOLDERS' FUNDS 1,597,658 889,858

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) LIMITED (REGISTERED NUMBER: 02752345)

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 100 665,838 665,938

Changes in equity
Dividends - (630,000 ) (630,000 )
Total comprehensive income - 853,920 853,920
Balance at 30 April 2023 100 889,758 889,858

Changes in equity
Dividends - (480,000 ) (480,000 )
Total comprehensive income - 1,187,800 1,187,800
Balance at 30 April 2024 100 1,597,558 1,597,658

ALTERNATIVE WINDOWS (LEEDS) LIMITED (REGISTERED NUMBER: 02752345)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,247,897 1,079,526
Tax paid (315,591 ) (141,792 )
Net cash from operating activities 932,306 937,734

Cash flows from investing activities
Interest received 15,466 4,089
Net cash from investing activities 15,466 4,089

Cash flows from financing activities
Decrease in parent company loan (655,837 ) 217,535
Equity dividends paid (480,000 ) (630,000 )
Net cash from financing activities (1,135,837 ) (412,465 )

(Decrease)/increase in cash and cash equivalents (188,065 ) 529,358
Cash and cash equivalents at beginning
of year

2

647,801

118,443

Cash and cash equivalents at end of
year

2

459,736

647,801

ALTERNATIVE WINDOWS (LEEDS) LIMITED (REGISTERED NUMBER: 02752345)

NOTES TO THE 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 1,583,900 1,061,685
Finance income (15,466 ) (4,089 )
1,568,434 1,057,596
(Increase)/decrease in stocks (350,053 ) 1,037,606
Increase in trade and other debtors (47,281 ) (769,250 )
Increase/(decrease) in trade and other creditors 76,797 (246,426 )
Cash generated from operations 1,247,897 1,079,526

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 459,736 647,801
Year ended 30 April 2023
30.4.23 1.5.22
£    £   
Cash and cash equivalents 647,801 118,443


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.23 Cash flow At 30.4.24
£    £    £   
Net cash
Cash at bank 647,801 (188,065 ) 459,736
647,801 (188,065 ) 459,736
Total 647,801 (188,065 ) 459,736

ALTERNATIVE WINDOWS (LEEDS) LIMITED (REGISTERED NUMBER: 02752345)

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

1. STATUTORY INFORMATION

Alternative Windows (Leeds) 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.

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

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.

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.

ALTERNATIVE WINDOWS (LEEDS) LIMITED (REGISTERED NUMBER: 02752345)

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

2. ACCOUNTING POLICIES - continued

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 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.

OPERATING LEASE COMMITMENTS
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

2024 2023
£ £

Wages and Salaries 2,340,070 2,178,055
Social security costs 216,739 204,130
Pension costs 47,901 43,264

2,604,710 2,425,459




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

2024 2023

84 81


The directors are paid by the parent company.

ALTERNATIVE WINDOWS (LEEDS) LIMITED (REGISTERED NUMBER: 02752345)

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

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Auditors' remuneration 12,000 10,750
Operating lease payments in respect of land and buildings 185,435 178,132

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 396,100 207,765
Tax on profit 396,100 207,765

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 1,583,900 1,061,685
Profit multiplied by the standard rate of corporation tax in the UK
of 25% (2023 - 19.493%)

395,975

206,954

Effects of:
Expenses not deductible for tax purposes 125 811
Total tax charge 396,100 207,765

6. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 480,000 630,000

ALTERNATIVE WINDOWS (LEEDS) LIMITED (REGISTERED NUMBER: 02752345)

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

7. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 May 2023
and 30 April 2024 118,563
DEPRECIATION
At 1 May 2023
and 30 April 2024 118,563
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

8. STOCKS
2024 2023
£    £   
Raw Material Stocks 328,950 331,055
Works in progress 2,485,354 2,133,196
2,814,304 2,464,251

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,296,584 1,316,745
VAT 200,613 147,476
Prepayments 130,074 115,769
1,627,271 1,579,990

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,215,007 1,039,999
Amounts owed to group undertakings 1,291,790 1,947,627
Tax 288,274 207,765
Social security and other taxes 108,723 99,783
Other creditors 11,142 11,187
Accruals and deferred income 388,717 495,823
3,303,653 3,802,184

ALTERNATIVE WINDOWS (LEEDS) LIMITED (REGISTERED NUMBER: 02752345)

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

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
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

12. SECURED DEBTS

The Company 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 Alternative Windows (Leeds) Holdings Limited and the Company.

13. CALLED UP SHARE CAPITAL

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

14. RESERVES
Retained
earnings
£   

At 1 May 2023 889,758
Profit for the year 1,187,800
Dividends (480,000 )
At 30 April 2024 1,597,558

15. PENSION COMMITMENTS

The Company pays into a defined contribution scheme for its senior staff members and Nest for the remaining employees.

The total employers pension costs in the year were £47,901 (2023 : £43,264)

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

ALTERNATIVE WINDOWS (LEEDS) LIMITED (REGISTERED NUMBER: 02752345)

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

16. RELATED PARTY DISCLOSURES

The company is a wholly owned subsiduary of Alternative Windows (Leeds) Holdings 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 share capital of Alternative Windows (Leeds) Holdings Limited.

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

During the year to 30 April 2024 the following dividends were voted to;

Alternative Windows (Leeds) Holdings Ltd - £480,000 (2023: £630,000)

During the year to 30 April 2024 Alternative Windows (Leeds) Limited, the company, had the following transactions with Alternative Windows (Leeds) Holdings Ltd, the parent;

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

17. ULTIMATE CONTROLLING PARTY

The company's shares are 100% owned by Alternative Windows (Leeds) Holdings Limited. The registered office of the parent company is Sycamore House, Knowsthorpe Lane, Cross Green Industrial Estate, Leeds, LS9 0PJ.

The consolidated accounts of the group are available to the public and may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

The company is controlled by the directors, Mr D Barraclough and Mr N Fletcher, by virtue of their joint 100% control of Alternative Windows (Leeds) Holdings Limited.