Top Window Covering UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11883763 (England and Wales)

TOP WINDOW COVERING UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

P Nelissen

REGISTERED OFFICE:

22-24 Harborough Road

Kingsthorpe

Northampton

Northamptonshire

NN2 7AZ

REGISTERED NUMBER:

11883763 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Tangible assets

4

4,952

4,775

CURRENT ASSETS

Stocks

466,751

566,985

Debtors

5

164,958

151,773

Cash at bank

23,978

41,598

655,687

760,356

CREDITORS

Amounts falling due within one year

6

914,440

970,583

NET CURRENT LIABILITIES

(258,753

)

(210,227

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(253,801

)

(205,452

)

CREDITORS

Amounts falling due after more than one year

7

216,508

226,508

NET LIABILITIES

(470,309

)

(431,960

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

(470,409

)

(432,060

)

SHAREHOLDERS' FUNDS

(470,309

)

(431,960

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:

P Nelissen - Director

1.	STATUTORY INFORMATION

Top Window Covering UK 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.

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.

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 cost

Fixtures and fittings

-

20% on cost

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 Income Statement, 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.

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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants

Grants are accounted for under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income,

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Going concern

The financial statements are prepared on the on the going concern basis, the company's ability to continue for the foreseeable future depends on the continued support of its bankers and fellow group members..

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1 January 2024

22,964

4,050

27,014

Additions

3,152

-

3,152

At 31 December 2024

26,116

4,050

30,166

DEPRECIATION

At 1 January 2024

18,499

3,740

22,239

Charge for year

2,665

310

2,975

At 31 December 2024

21,164

4,050

25,214

NET BOOK VALUE

At 31 December 2024

4,952

-

4,952

At 31 December 2023

4,465

310

4,775

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

87,662

100,735

Other debtors

24,008

5,233

Prepayments

53,288

45,805

164,958

151,773

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

10,000

Trade creditors

25,431

96,097

Amounts owed to group undertakings

856,102

838,770

Social security and other taxes

5,847

6,844

VAT

16,095

12,590

Other creditors

965

6,282

914,440

970,583

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 2-5 years

4,167

14,167

Amounts owed to group undertakings

212,341

216,508

226,508

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

Within one year

46,250

Between one and five years

30,833

77,083

123,333

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

1

100

10.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Top Window Covering Group BV, a company incorporated in the Netherlands.

At the Balance Sheet date £1,068,443, (2023 - £1,051,111) was owed to other members of the group which are controlled by the shareholders of the parent company.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Nelissen.

The company's immediate parent company is Top Window Covering Europe BV. Its ultimate parent company is Top Window Covering Group BV. Both companies are incorporated in the Netherlands.