REGISTERED NUMBER: SC604962

RE:PLACE WINDOWS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

50,514

47,355

CURRENT ASSETS

Stocks

4,400

4,000

Debtors

5

375,744

14,091

Cash at bank

229,626

475,904

609,770

493,995

CREDITORS

Amounts falling due within one year

6

191,334

168,405

NET CURRENT ASSETS

418,436

325,590

TOTAL ASSETS LESS CURRENT LIABILITIES

468,950

372,945

CREDITORS

Amounts falling due after more than one year

7

1,412

12,011

NET ASSETS

467,538

360,934

CAPITAL AND RESERVES

Called up share capital

105

105

Retained earnings

467,433

360,829

SHAREHOLDERS' FUNDS

467,538

360,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

S M Jeffrey - Director

1.	STATUTORY INFORMATION

Re:Place Windows Limited is a private company, limited by shares, registered in Scotland. The company's registered office is 31 Fairfield Place, East Kilbride, Glasgow, G74 5LP.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard. The financial statements have been prepared under the historical cost convention.

The company changed the financial reporting framework from FRS105 to FRS102 1a at the start of the year. No adjustments or restatements were required on transition.

Turnover

Turnover represents invoiced sales of goods and services excluding value added tax. The company's policy is to recognise a sale when substantively all the risks and rewards in connection with the goods and services have been passed to the buyer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stocks are valued at the lower of cost and estimated selling price less cost to sell.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and loans to and from related parties.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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

Taxation

Taxation represents the sum of tax currently payable and deferred tax. 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.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Hire purchase and leasing commitments

Assets purchased under finance leases and hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account over the relevant period.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Judgements

The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements.

The directors consider there are no such significant judgements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

60,175

Additions

23,300

Disposals

(8,950

)

At 31 March 2025

74,525

DEPRECIATION

At 1 April 2024

12,820

Charge for year

15,075

Eliminated on disposal

(3,884

)

At 31 March 2025

24,011

NET BOOK VALUE

At 31 March 2025

50,514

At 31 March 2024

47,355

Fixed assets, included in the above, which were held under hire purchase contracts at the balance sheet date had a net book value of £Nil (2024 £5,066).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

59,928

7,106

Amounts owed by associates

276,000

-

Other debtors

39,816

6,985

375,744

14,091

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,167

4,065

Hire purchase contracts

-

2,968

Trade creditors

29,123

23,004

Taxation and social security

140,823

123,227

Other creditors

17,221

15,141

191,334

168,405

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,412

5,579

Hire purchase contracts

-

6,432

1,412

12,011

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

-

9,400

Hire purchase agreements are secured over the assets to which they relate.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

S M Jeffrey

Balance outstanding at start of year

(1,531

)

(931

)

Amounts advanced

378,302

90,212

Amounts repaid

(359,812

)

(90,812

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,959

(1,531

)

I S Mehmet

Balance outstanding at start of year

(1,531

)

(931

)

Amounts advanced

108,302

90,212

Amounts repaid

(89,812

)

(90,812

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,959

(1,531

)

Interest is charged on the above loans at the HMRC official rate, and both loans have been repaid after the year end.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £276,000 from a company under common control, this amount is interest free, and unsecured with no fixed repayment terms.

11.	LEASING AGREEMENTS

The total amount of non-cancellable operating leases due at the balance sheet date amounted to £158,946. (2024: £24,696)