Registration number: 03231316

KKL Windows Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

KKL Windows Ltd

(Registration number: 03231316)
Balance Sheet as at 30 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	9,957	11,934
Current assets
Stocks	5	60,435	59,250
Debtors	6	51,351	66,227
Cash at bank and in hand		305,328	302,337
		417,114	427,814
Creditors: Amounts falling due within one year	7	(216,680)	(230,543)
Net current assets		200,434	197,271
Total assets less current liabilities		210,391	209,205
Provisions for liabilities		(1,892)	(2,267)
Net assets		208,499	206,938
Capital and reserves
Called up share capital	8	5,000	5,000
Retained earnings		203,499	201,938
Shareholders' funds		208,499	206,938

For the financial year ending 30 December 2024 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account and directors' report have not been delivered in accordance with the special provisions applicable to companies subject to the small company regime.

Approved and authorised by the Board on 4 September 2025 and signed on its behalf by:
 

......................................... Mr P Riley Director

KKL Windows Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

1	General information

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

These financial statements were authorised for issue by the Board on 4 September 2025.

The address of its registered office is:
8-10 Harrison Street
Blackburn
Lancashire
BB2 2HZ

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.

The financial statements are presented in Sterling, which is the functional currency of the company and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

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.

KKL Windows Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

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 and machinery	15% per annum on reducing balance
Fixtures and fittings	25% per annum on reducing balance
Motor vehicles	25% per annum on 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.

KKL Windows Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

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.

Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee`s services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

KKL Windows Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

4	Tangible assets

	Fixtures and fittings  £	Motor vehicles  £	Plant and machinery  £	Total £
Cost or valuation
At 31 December 2023	42,941	15,062	83,348	141,351
Additions	830	-	-	830
At 30 December 2024	43,771	15,062	83,348	142,181
Depreciation
At 31 December 2023	41,583	8,327	79,507	129,417
Charge for the year	547	1,684	576	2,807
At 30 December 2024	42,130	10,011	80,083	132,224
Carrying amount
At 30 December 2024	1,641	5,051	3,265	9,957
At 30 December 2023	1,358	6,735	3,841	11,934

5

Stocks

	2024 £	2023 £
Other inventories	60,435	59,250

6

Debtors

	2024 £	2023 £
Trade debtors	47,995	64,596
Prepayments	1,793	1,631
Other debtors	1,563	-
	51,351	66,227

KKL Windows Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Trade creditors	46,086	61,720
Taxation and social security	8,545	19,977
Accruals and deferred income	6,296	7,738
Other creditors	155,753	141,108
	216,680	230,543

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary share of £1 each	5,000	5,000	5,000	5,000