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REGISTERED NUMBER: 06425405 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

INTERNORM WINDOWS UK LIMITED

INTERNORM WINDOWS UK LIMITED (REGISTERED NUMBER: 06425405)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INTERNORM WINDOWS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: T Walluschnig
N P Abl


SECRETARY: N P Abl


REGISTERED OFFICE: The Galleries
Charters Road
Sunningdale
Berkshire
SL5 9QJ


REGISTERED NUMBER: 06425405 (England and Wales)


SENIOR STATUTORY AUDITOR: Dawn O'Leary CA


AUDITORS: Davis Burton Sellek
Chartered Accountants
Statutory Auditors
The Galleries
Charters Road
Sunningdale
Berkshire
SL5 9QJ


BANKERS: Metro Bank plc
One Southampton Row
London
WC1B 5HA

INTERNORM WINDOWS UK LIMITED (REGISTERED NUMBER: 06425405)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 589,318 698,531

CURRENT ASSETS
Debtors 5 1,537,099 1,684,454
Cash at bank 1,321,460 1,786,121
2,858,559 3,470,575
CREDITORS
Amounts falling due within one year 6 3,581,785 3,464,784
NET CURRENT (LIABILITIES)/ASSETS (723,226 ) 5,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

(133,908

)

704,322

PROVISIONS FOR LIABILITIES - 78,932
NET (LIABILITIES)/ASSETS (133,908 ) 625,390

CAPITAL AND RESERVES
Called up share capital 40,565 40,565
Retained earnings (174,473 ) 584,825
SHAREHOLDERS' FUNDS (133,908 ) 625,390

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 Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





T Walluschnig - Director


INTERNORM WINDOWS UK LIMITED (REGISTERED NUMBER: 06425405)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Internorm Windows UK 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. Whilst the results and the closing position for the year are disappointing, the directors have reviewed the company's budgets and projections which demonstrate the company's ability to continue as a going concern for a period of at least twelve months. The directors recognise the challenges facing the company and the industry generally and are already in the process of implementing a restructuring plan aimed at improving the company's financial position and operational efficiency. In addition, the parent company has provided assurance that it will continue to support the company financially during the restructuring period, should additional funding be required. The directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition
Revenue represents net invoiced goods excluding value added tax.

Revenue comprise invoices to third party customers for the supply of windows and doors. Revenue is valued at the unit price per product multiplied by the number of products ordered. It is recognised when the product is delivered. Deposit invoices are raised when an order is placed. These amounts are included within deferred income and are recognised in the period in which the products are delivered.

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

Fixtures and fittings - 10%/20% on cost
Motor vehicles - 20%/25% on cost
Computer equipment - 10%/25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to the profit and loss account.

INTERNORM WINDOWS UK LIMITED (REGISTERED NUMBER: 06425405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Equity instruments
Equity instruments issued by the company are recorded at proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.


INTERNORM WINDOWS UK LIMITED (REGISTERED NUMBER: 06425405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

INTERNORM WINDOWS UK LIMITED (REGISTERED NUMBER: 06425405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 1,196,226 290,367 4,207 1,490,800
Additions 55,632 28,995 - 84,627
Disposals (27,885 ) (29,000 ) - (56,885 )
At 31 December 2024 1,223,973 290,362 4,207 1,518,542
DEPRECIATION
At 1 January 2024 612,859 175,616 3,794 792,269
Charge for year 127,633 54,803 63 182,499
Eliminated on disposal (26,211 ) (19,333 ) - (45,544 )
At 31 December 2024 714,281 211,086 3,857 929,224
NET BOOK VALUE
At 31 December 2024 509,692 79,276 350 589,318
At 31 December 2023 583,367 114,751 413 698,531

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,305,228 1,544,276
Other debtors 231,871 140,178
1,537,099 1,684,454

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54,987 112,837
Amounts owed to group undertakings 2,524,067 1,708,171
Taxation and social security 211,046 272,047
Other creditors 791,685 1,371,729
3,581,785 3,464,784

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 72,000 72,000
Between one and five years 282,000 288,000
In more than five years - 66,000
354,000 426,000

INTERNORM WINDOWS UK LIMITED (REGISTERED NUMBER: 06425405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dawn O'Leary CA (Senior Statutory Auditor)
for and on behalf of Davis Burton Sellek

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. CONTROL

The parent company is Internorm International GmbH, a company registered in Austria.

The ultimate parent company is IFN Beteiligungs GmbH, a company registered in Austria.

Ultimate control in the current and previous financial year is with A. Klinger, C. Klinger and S. Kubinger.