Mike Thorpe Windows Limited 12428787 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is window fitting Digita Accounts Production Advanced 6.30.9574.0 true 12428787 2024-04-01 2025-03-31 12428787 2025-03-31 12428787 bus:Director1 1 2025-03-31 12428787 bus:Director2 1 2025-03-31 12428787 bus:Director3 1 2025-03-31 12428787 core:CurrentFinancialInstruments 2025-03-31 12428787 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 12428787 core:FurnitureFittings 2025-03-31 12428787 core:LandBuildings core:LongLeaseholdAssets 2025-03-31 12428787 core:MotorVehicles 2025-03-31 12428787 core:OfficeEquipment 2025-03-31 12428787 core:PlantMachinery 2025-03-31 12428787 bus:SmallEntities 2024-04-01 2025-03-31 12428787 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12428787 bus:FilletedAccounts 2024-04-01 2025-03-31 12428787 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12428787 bus:RegisteredOffice 2024-04-01 2025-03-31 12428787 bus:Director1 2024-04-01 2025-03-31 12428787 bus:Director1 1 2024-04-01 2025-03-31 12428787 bus:Director2 2024-04-01 2025-03-31 12428787 bus:Director2 1 2024-04-01 2025-03-31 12428787 bus:Director3 2024-04-01 2025-03-31 12428787 bus:Director3 1 2024-04-01 2025-03-31 12428787 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12428787 core:FurnitureFittings 2024-04-01 2025-03-31 12428787 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2025-03-31 12428787 core:LeaseholdImprovements 2024-04-01 2025-03-31 12428787 core:MotorVehicles 2024-04-01 2025-03-31 12428787 core:OfficeEquipment 2024-04-01 2025-03-31 12428787 core:PlantMachinery 2024-04-01 2025-03-31 12428787 countries:AllCountries 2024-04-01 2025-03-31 12428787 2024-03-31 12428787 bus:Director1 1 2024-03-31 12428787 bus:Director2 1 2024-03-31 12428787 bus:Director3 1 2024-03-31 12428787 core:FurnitureFittings 2024-03-31 12428787 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 12428787 core:MotorVehicles 2024-03-31 12428787 core:OfficeEquipment 2024-03-31 12428787 core:PlantMachinery 2024-03-31 12428787 2023-04-01 2024-03-31 12428787 2024-03-31 12428787 bus:Director1 1 2024-03-31 12428787 bus:Director2 1 2024-03-31 12428787 bus:Director3 1 2024-03-31 12428787 core:CurrentFinancialInstruments 2024-03-31 12428787 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12428787 core:FurnitureFittings 2024-03-31 12428787 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 12428787 core:MotorVehicles 2024-03-31 12428787 core:OfficeEquipment 2024-03-31 12428787 core:PlantMachinery 2024-03-31 12428787 bus:Director1 1 2023-04-01 2024-03-31 12428787 bus:Director2 1 2023-04-01 2024-03-31 12428787 bus:Director3 1 2023-04-01 2024-03-31 12428787 bus:Director1 1 2023-03-31 12428787 bus:Director2 1 2023-03-31 12428787 bus:Director3 1 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 12428787

Mike Thorpe Windows Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Mike Thorpe Windows Limited

(Registration number: 12428787)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

53,651

42,056

Current assets

 

Stocks

5

4,075

4,332

Debtors

6

97,278

106,624

Cash at bank and in hand

 

343,577

229,029

 

444,930

339,985

Creditors: Amounts falling due within one year

7

(150,264)

(144,100)

Net current assets

 

294,666

195,885

Total assets less current liabilities

 

348,317

237,941

Provisions for liabilities

(8,072)

(11,144)

Net assets

 

340,245

226,797

Capital and reserves

 

Called up share capital

300

300

Retained earnings

339,945

226,497

Shareholders' funds

 

340,245

226,797

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2025 and signed on its behalf by:
 

.........................................
Mr Michael Thorpe
Director

.........................................
Mr Thomas James Thorpe
Director

 
     
 

Mike Thorpe Windows Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
25 Boroughbridge Road
York
YO26 5RT

These financial statements were authorised for issue by the Board on 23 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Mike Thorpe Windows Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

20% reducing balance

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

Fixture & fittings

25% reducing balance

Property improvements

10% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Mike Thorpe Windows Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 8).

 

Mike Thorpe Windows Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

9,414

4,220

1,246

2,938

61,574

79,392

Additions

-

-

4,030

1,328

21,891

27,249

At 31 March 2025

9,414

4,220

5,276

4,266

83,465

106,641

Depreciation

At 1 April 2024

2,551

2,439

747

1,699

29,900

37,336

Charge for the year

686

445

719

413

13,391

15,654

At 31 March 2025

3,237

2,884

1,466

2,112

43,291

52,990

Carrying amount

At 31 March 2025

6,177

1,336

3,810

2,154

40,174

53,651

At 31 March 2024

6,863

1,781

499

1,239

31,674

42,056

Included within the net book value of land and buildings above is £6,177 (2024 - £6,863) in respect of long leasehold land and buildings.
 

5

Stocks

2025
£

2024
£

Other inventories

4,075

4,332

6

Debtors

Current

2025
£

2024
£

Trade debtors

68,487

54,737

Other debtors

28,791

51,887

 

97,278

106,624

 

Mike Thorpe Windows Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

40,029

69,361

Taxation and social security

100,144

71,764

Accruals and deferred income

2,395

2,395

Other creditors

7,696

580

150,264

144,100

8

Related party transactions

Transactions with directors

2025

At 1 April 2024
£

Advances to director
£

Repayments by director
£

At 31 March 2025
£

Mr Thomas James Thorpe

Loan @ 2.5% repayable on demand

14,304

485

(5,963)

8,826

Mr Michael Thorpe

Loan repayable upon demand

1,551

199

(1,551)

199

Mrs Sandra Thorpe

Loan repayable upon demand

218

199

(218)

199

2024

At 1 April 2023
£

Advances to director
£

At 31 March 2024
£

Mr Thomas James Thorpe

Loan @ 2.5% repayable on demand

10,982

3,322

14,304

Mr Michael Thorpe

Loan repayable upon demand

-

1,551

1,551

Mrs Sandra Thorpe

Loan repayable upon demand

-

218

218