Company registration number 03623785 (England and Wales)
IDEAL WINDOW SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
IDEAL WINDOW SOLUTIONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
IDEAL WINDOW SOLUTIONS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
88,938
-
0
Tangible assets
5
116,800
145,449
205,738
145,449
Current assets
Stocks
1,562
85,223
Debtors
6
864,713
857,312
Cash at bank and in hand
969,488
763,080
1,835,763
1,705,615
Creditors: amounts falling due within one year
7
(1,462,835)
(1,067,670)
Net current assets
372,928
637,945
Total assets less current liabilities
578,666
783,394
Provisions for liabilities
(29,985)
(36,362)
Net assets
548,681
747,032
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
548,679
747,030
Total equity
548,681
747,032

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

IDEAL WINDOW SOLUTIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 10 September 2025 and are signed on its behalf by:
Mr C Palmer
Mr D Slaymaker
Director
Director
Mr T Emerson
Director
Company Registration No. 03623785
IDEAL WINDOW SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Ideal Window Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Unity Building, Fort Fareham Industrial Estate, Newgate Lane, Fareham, Hampshire, United Kingdom, PO14 1AH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets comprise the development and implementation of software. Intangible assets are stated at cost less amortisation and are reviewed for impairment whenever there is an indication that the carrying value may be impaired.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
25% reducing balance
IDEAL WINDOW SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% straight line/17% straight line over 5/6 year term
Fixtures and fittings
25% reducing balance
Office equipment
25% reducing balance
Motor vehicles
25% reducing balance
Leasehold improvement
20% straight line/14% straight line over 5/7 year term

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 profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

IDEAL WINDOW SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its 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 paymen ts 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. A m ounts 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 method.

1.9
Equity instruments

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

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

IDEAL WINDOW SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14

Employee Ownership Trust

IWS Holdings Limited, the parent company, established an Employee Ownership Trust to enable shares in the parent company to be held by the trustees for the benefit of the company's employees. The company does not control this trust. The parent company made contributions to the trust in order to finance payments due under the terms of the trust creation.

IDEAL WINDOW SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
2
Judgements and key sources of estimation uncertainty

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 the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
25
23
4
Intangible fixed assets
Software
£
Cost
At 1 January 2024
-
0
Additions
85,800
Transfers
32,141
At 31 December 2024
117,941
Amortisation and impairment
At 1 January 2024
-
0
Amortisation charged for the year
1,044
Transfers
27,959
At 31 December 2024
29,003
Carrying amount
At 31 December 2024
88,938
At 31 December 2023
-
0
IDEAL WINDOW SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
5
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Office equipment
Motor vehicles
Leasehold improvement
Total
£
£
£
£
£
£
Cost
At 1 January 2024
4,780
17,925
72,078
212,159
381,808
688,750
Additions
14,003
2,749
2,280
-
0
-
0
19,032
Disposals
-
0
-
0
-
0
(9,000)
-
0
(9,000)
Transfers
-
0
-
0
(32,141)
-
0
-
0
(32,141)
At 31 December 2024
18,783
20,674
42,217
203,159
381,808
666,641
Depreciation and impairment
At 1 January 2024
4,780
16,348
56,956
88,324
376,893
543,301
Depreciation charged in the year
1,400
810
3,085
30,950
2,191
38,436
Eliminated in respect of disposals
-
0
-
0
-
0
(3,937)
-
0
(3,937)
Transfers
-
0
-
0
(27,959)
-
0
-
0
(27,959)
At 31 December 2024
6,180
17,158
32,082
115,337
379,084
549,841
Carrying amount
At 31 December 2024
12,603
3,516
10,135
87,822
2,724
116,800
At 31 December 2023
-
0
1,577
15,122
123,835
4,915
145,449
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
710,353
453,699
Gross amounts owed by contract customers
119,524
361,877
Other debtors
1,571
450
Prepayments and accrued income
33,265
41,286
864,713
857,312
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
756,592
620,044
Taxation and social security
123,295
146,909
Other creditors
582,948
300,717
1,462,835
1,067,670
IDEAL WINDOW SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
7
Creditors: amounts falling due within one year
(Continued)
- 9 -

The company has the following legal charges held over the assets and liabilities of the company:

A floating charge over all the property and undertakings of the company, held by The Ideal Window Solutions SSAS.

A fixed and floating charge over all the property and undertakings of the company, held by Mr C Palmer.

A fixed and floating charge over all the property and undertakings of the company, held by Mrs A Palmer.

A fixed and floating charge over all the property and undertakings of the company, held by Mr T Emerson.

8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
45,000
45,000
2024-12-31 2024-01-01 false false false 10 September 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity Mr C Palmer Mr D Slaymaker Mr T Emerson Ms A Palmer 03623785 2024-01-01 2024-12-31 03623785 2024-12-31 03623785 2023-12-31 03623785 core:ComputerSoftware 2024-12-31 03623785 core:ComputerSoftware 2023-12-31 03623785 core:PlantMachinery 2024-12-31 03623785 core:FurnitureFittings 2024-12-31 03623785 core:ComputerEquipment 2024-12-31 03623785 core:MotorVehicles 2024-12-31 03623785 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-12-31 03623785 core:PlantMachinery 2023-12-31 03623785 core:FurnitureFittings 2023-12-31 03623785 core:ComputerEquipment 2023-12-31 03623785 core:MotorVehicles 2023-12-31 03623785 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2023-12-31 03623785 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03623785 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03623785 core:CurrentFinancialInstruments 2024-12-31 03623785 core:CurrentFinancialInstruments 2023-12-31 03623785 core:ShareCapital 2024-12-31 03623785 core:ShareCapital 2023-12-31 03623785 core:RetainedEarningsAccumulatedLosses 2024-12-31 03623785 core:RetainedEarningsAccumulatedLosses 2023-12-31 03623785 bus:Director1 2024-01-01 2024-12-31 03623785 bus:Director2 2024-01-01 2024-12-31 03623785 bus:Director3 2024-01-01 2024-12-31 03623785 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 03623785 core:ComputerSoftware 2024-01-01 2024-12-31 03623785 core:PlantMachinery 2024-01-01 2024-12-31 03623785 core:FurnitureFittings 2024-01-01 2024-12-31 03623785 core:ComputerEquipment 2024-01-01 2024-12-31 03623785 core:MotorVehicles 2024-01-01 2024-12-31 03623785 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-01-01 2024-12-31 03623785 2023-01-01 2023-12-31 03623785 core:ComputerSoftware 2023-12-31 03623785 core:ComputerSoftware core:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 03623785 core:PlantMachinery 2023-12-31 03623785 core:FurnitureFittings 2023-12-31 03623785 core:ComputerEquipment 2023-12-31 03623785 core:MotorVehicles 2023-12-31 03623785 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2023-12-31 03623785 2023-12-31 03623785 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03623785 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03623785 bus:FRS102 2024-01-01 2024-12-31 03623785 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03623785 bus:CompanySecretary1 2024-01-01 2024-12-31 03623785 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP