I T Windows Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12317408

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		19,732		25,294

			19,732		25,294
CURRENT ASSETS
Stocks	5	8,900		10,600
Debtors	6	25,791		49,582
Cash at bank and in hand		113,804		118,115

		148,495		178,297
Creditors: Amounts Falling Due Within One Year	7	(39,802 )		(57,263 )

NET CURRENT ASSETS (LIABILITIES)			108,693		121,034

TOTAL ASSETS LESS CURRENT LIABILITIES			128,425		146,328

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,749 )		(4,808 )

NET ASSETS			124,676		141,520

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			124,576		141,420

SHAREHOLDERS' FUNDS			124,676		141,520

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I T Windows Ltd

Balance Sheet (continued)

As At 31 December 2024

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nicholas Thompson

Director

06/06/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

I T Windows Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12317408 . The registered office is 1 Milnyard Square, Orton Southgate, Peterborough, PE2 6GX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	33% SLM

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable 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 company's liability for current tax is calculated using tax rates 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 generally recognised for all taxable timing differences.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

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I T Windows Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	3,120	29,795	95	3,502	36,512
Additions	298	-	-	990	1,288

As at 31 December 2024	3,418	29,795	95	4,492	37,800

Depreciation
As at 1 January 2024	895	7,773	46	2,504	11,218
Provided during the period	505	5,505	10	830	6,850

As at 31 December 2024	1,400	13,278	56	3,334	18,068

Net Book Value
As at 31 December 2024	2,018	16,517	39	1,158	19,732

As at 1 January 2024	2,225	22,022	49	998	25,294

5. Stocks

	2024	2023
	£	£
Stock	8,900	10,600

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	25,791	49,582

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	17,941	16,687
Corporation tax	7,740	17,275
CIS	338	278
VAT	10,332	15,583
Accruals and deferred income	139	132
Directors' loan accounts	3,312	7,308

	39,802	57,263

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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