REGISTERED NUMBER: 08310383 (England and Wales)

IDM WINDOW SYSTEMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Pritchard

D W Smith

REGISTERED OFFICE:

Rock Wharf

Mill Parade

Newport

Gwent

NP20 2JR

REGISTERED NUMBER:

08310383 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

110,281

100,505

CURRENT ASSETS

Stocks

52,816

44,327

Debtors

5

236,836

115,440

Cash at bank and in hand

63,810

65,979

353,462

225,746

CREDITORS

Amounts falling due within one year

6

153,989

104,727

NET CURRENT ASSETS

199,473

121,019

TOTAL ASSETS LESS CURRENT LIABILITIES

309,754

221,524

PROVISIONS FOR LIABILITIES

24,545

21,173

NET ASSETS

285,209

200,351

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

285,109

200,251

SHAREHOLDERS' FUNDS

285,209

200,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd September 2025 and were signed on its behalf by:

I Pritchard - Director

1.	STATUTORY INFORMATION

IDM Window Systems 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.

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 each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st March 2024

57,595

4,060

124,015

185,670

Additions

-

-

35,499

35,499

Disposals

-

-

(5,500

)

(5,500

)

At 28th February 2025

57,595

4,060

154,014

215,669

DEPRECIATION

At 1st March 2024

35,742

2,259

47,164

85,165

Charge for year

4,371

270

18,942

23,583

Eliminated on disposal

-

-

(3,360

)

(3,360

)

At 28th February 2025

40,113

2,529

62,746

105,388

NET BOOK VALUE

At 28th February 2025

17,482

1,531

91,268

110,281

At 29th February 2024

21,853

1,801

76,851

100,505

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

230,039

112,313

Other debtors

5,420

1,750

Prepayments and accrued income

1,377

1,377

236,836

115,440

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

12,294

22,797

Trade creditors

70,912

21,200

Corporation Tax

27,314

28,079

VAT

35,713

19,650

Directors' current accounts

2,000

3,000

Accrued expenses

5,756

10,001

153,989

104,727

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

96

Ordinary A

£1

96

96

4

Ordinary B

£1

4

4

100

100

8.	RELATED PARTY DISCLOSURES

During the year, the company made the following transactions with related parties:

Rent paid £2,400 (2024: £2,400).

At 28 February 2025, the company owed £800 (2024: £800) to the related parties.

During the year, the company made the following transactions with an associated company:

Sales and hire charges £248,893 (2024: 241,867)

Purchases and recharges incurred £93,581 (2024: £100,502)

At 28 February 2025, the company was owed £246,638 (2024: £120,030) from an associated company, which is included in trade and other debtors.

At 28 February 2025, the company owed £51,856 (2024: £7,385) to an associated company, which is included in trade creditors and accruals.