IRIS Accounts Production v25.2.0.378 SC393935 director 1.1.24 31.12.24 31.12.24 18.9.25 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC393935 2023-12-31 SC393935 2024-12-31 SC393935 2024-01-01 2024-12-31 SC393935 2022-12-31 SC393935 2023-01-01 2023-12-31 SC393935 2023-12-31 SC393935 ns15:Scotland 2024-01-01 2024-12-31 SC393935 ns14:PoundSterling 2024-01-01 2024-12-31 SC393935 ns10:Director1 2024-01-01 2024-12-31 SC393935 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC393935 ns10:SmallEntities 2024-01-01 2024-12-31 SC393935 ns10:Audited 2024-01-01 2024-12-31 SC393935 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 SC393935 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC393935 ns10:FullAccounts 2024-01-01 2024-12-31 SC393935 ns10:Director2 2024-01-01 2024-12-31 SC393935 ns10:RegisteredOffice 2024-01-01 2024-12-31 SC393935 ns5:CurrentFinancialInstruments 2024-12-31 SC393935 ns5:CurrentFinancialInstruments 2023-12-31 SC393935 ns5:Non-currentFinancialInstruments 2024-12-31 SC393935 ns5:Non-currentFinancialInstruments 2023-12-31 SC393935 ns5:ShareCapital 2024-12-31 SC393935 ns5:ShareCapital 2023-12-31 SC393935 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC393935 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 SC393935 ns5:PlantMachinery 2023-12-31 SC393935 ns5:ComputerEquipment 2023-12-31 SC393935 ns5:PlantMachinery 2024-01-01 2024-12-31 SC393935 ns5:ComputerEquipment 2024-01-01 2024-12-31 SC393935 ns5:PlantMachinery 2024-12-31 SC393935 ns5:ComputerEquipment 2024-12-31 SC393935 ns5:PlantMachinery 2023-12-31 SC393935 ns5:ComputerEquipment 2023-12-31 SC393935 ns5:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 SC393935 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 SC393935 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 SC393935 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-12-31 SC393935 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2023-12-31 SC393935 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-12-31 SC393935 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2023-12-31 SC393935 ns5:HirePurchaseContracts 2024-12-31 SC393935 ns5:HirePurchaseContracts 2023-12-31 SC393935 ns5:WithinOneYear 2024-12-31 SC393935 ns5:WithinOneYear 2023-12-31 SC393935 ns5:BetweenOneFiveYears 2024-12-31 SC393935 ns5:BetweenOneFiveYears 2023-12-31 SC393935 ns5:AllPeriods 2024-12-31 SC393935 ns5:AllPeriods 2023-12-31 SC393935 ns5:Secured 2024-12-31 SC393935 ns5:Secured 2023-12-31

REGISTERED NUMBER: SC393935 (Scotland)

| Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| Blairs Windows Ltd. |

| Blairs Windows Ltd. (Registered number: SC393935) |

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 |

| Blairs Windows Ltd. |

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | A Gray

| REGISTERED OFFICE: | 9 Baker Street

| Greenock

| PA15 4TU

| REGISTERED NUMBER: | SC393935 (Scotland)

| AUDITORS: | Henderson & Company

| 73 Union Street

| Greenock

| Renfrewshire

| PA16 8BG

| Blairs Windows Ltd. (Registered number: SC393935) |

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 845,193 |  | 1,002,472 |  |

CURRENT ASSETS

Stocks | 417,613 |  | 382,368 |  |

Debtors | 5 | 450,198 |  | 466,553 |  |

Cash at bank | 14,205 |  | 160,459 |  |

882,016 |  | 1,009,380 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,338,766 |  | 1,976,915 |  |

NET CURRENT LIABILITIES | (1,456,750 | ) | (967,535 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (611,557 | ) | 34,937 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (283,473 | ) | (400,098 | ) |

PROVISIONS FOR LIABILITIES | (55,007 | ) | (93,782 | ) |

NET LIABILITIES | (950,037 | ) | (458,943 | ) |

CAPITAL AND RESERVES

Called up share capital | 50,000 |  | 50,000 |  |

Retained earnings | (1,000,037 | ) | (508,943 | ) |

SHAREHOLDERS' FUNDS | (950,037 | ) | (458,943 | ) |

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 director and authorised for issue on 18 September 2025 and were signed by:

A Gray - Director

| Blairs Windows Ltd. (Registered number: SC393935) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Blairs Windows Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Going concern

| Blairs Windows Ltd is a wholly owned subsidiary of Saveheat Group Limited and it shares in and benefits from the resources of the combined group. The director's close attention to monthly management information, the positive profitability and cashflow performance of the company's fellow group companies and the director and shareholders' commitment to support the company until it becomes self supporting justifies the going concern position. The group has adequate cashflow resources in place to ensure uninterrupted trading for the foreseeable future. With this ongoing support form the group, the director is confident that the company has sufficient resources and funding in place so that the going concern basis is therefore applicable.

| Revenue recognition

| Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

| Tangible fixed assets

| Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over their expected useful lives as follows:

| Plant and machinery - 10% on cost

| Computer equipment - 20% on cost

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate or if there is an indication of significant change since the last reporting date.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location and condition.

| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amounts of any write downs to stock to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs.

| Blairs Windows Ltd. (Registered number: SC393935) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| The tax expense for the year comprises current and deferred tax.

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

| Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount for deferred tax assets is reviewed at the end of each reporting period 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 recoverd.

| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

| Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

| Hire purchase and leasing commitments

| Assets held under finance lease and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

| Operating lease payments are recognised as an expense on a straightline basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

| In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expenses on a straight line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

| 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.

| The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. The assets of the plan are held separately from the company in independently administered funds.

| Blairs Windows Ltd. (Registered number: SC393935) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position bank overdrafts are shown within borrowings in current liabilities.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value and thereafter stated at amortised cost using the effective interest method, less any impairment.

| Creditors

| Basic financial instruments, including preference shares that are classified as debt, are measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is initially measured at fair value and subsequently at amortised cost using the effective interest method.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 59 (2023 - 63 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 1,839,077 |  | 133,617 |  | 1,972,694 |  |

| Additions | - |  | 4,849 |  | 4,849 |  |

| At 31 December 2024 | 1,839,077 |  | 138,466 |  | 1,977,543 |  |

| DEPRECIATION

| At 1 January 2024 | 893,184 |  | 77,038 |  | 970,222 |  |

| Charge for year | 142,380 |  | 19,748 |  | 162,128 |  |

| At 31 December 2024 | 1,035,564 |  | 96,786 |  | 1,132,350 |  |

| NET BOOK VALUE

| At 31 December 2024 | 803,513 |  | 41,680 |  | 845,193 |  |

| At 31 December 2023 | 945,893 |  | 56,579 |  | 1,002,472 |  |

| The net book value of other tangible fixed assets includes £512,520 (2023 - £810,322) in respect of assets held under hire purchase contracts.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 263,470 |  | 357,521 |  |

| Other debtors | 186,728 |  | 109,032 |  |

450,198 |  | 466,553 |  |

| Blairs Windows Ltd. (Registered number: SC393935) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 181,703 |  | 332,874 |  |

| Hire purchase contracts (see note 8) | 116,611 |  | 154,710 |  |

| Trade creditors | 684,290 |  | 719,957 |  |

| Amounts owed to group undertakings | 1,094,171 |  | 613,466 |  |

| Taxation and social security | 188,122 |  | 78,921 |  |

| Other creditors | 73,869 |  | 76,987 |  |

2,338,766 |  | 1,976,915 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts (see note 8) | 283,473 |  | 400,098 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2024 | 2023 |

£ | £ |

| Net obligations repayable:

| Within one year | 116,611 |  | 154,710 |  |

| Between one and five years | 283,473 |  | 400,098 |  |

400,084 |  | 554,808 |  |

| Non-cancellable |

| operating leases |

2024 | 2023 |

£ | £ |

| Within one year | 257,500 |  | 257,500 |  |

| Between one and five years | - |  | 257,500 |  |

257,500 |  | 515,000 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Bank overdrafts | 181,703 |  | 332,874 |  |

| The company has granted a floating charge in favour of Aldermore.

| Blairs Windows Ltd. (Registered number: SC393935) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

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

| The Report of the Auditors was unqualified.

| John Henderson (Senior Statutory Auditor)

| for and on behalf of Henderson & Company

11. | ULTIMATE CONTROLLING PARTY

| The company is a wholly owned subsidiary of Saveheat Group Limited. Saveheat Group Limited does not have an ultimate controlling party.