REGISTERED NUMBER: 02553075 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE WINDOW CENTRE (SOLIHULL) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M K J Adderley

REGISTERED OFFICE:

104 Marshall Lake Road

Shirley

Solihull

West Midlands

B90 4PN

REGISTERED NUMBER:

02553075 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Tangible assets

4

1,150,279

1,069,151

Investment property

5

1,181,231

1,181,231

2,331,510

2,250,382

CURRENT ASSETS

Stocks

8,500

134,335

Debtors

6

1,461,063

1,330,839

Prepayments and accrued income

47,596

45,222

Cash at bank

1,190,570

871,420

2,707,729

2,381,816

CREDITORS

Amounts falling due within one year

7

1,289,212

1,176,112

NET CURRENT ASSETS

1,418,517

1,205,704

TOTAL ASSETS LESS CURRENT LIABILITIES

3,750,027

3,456,086

CREDITORS

Amounts falling due after more than one year

8

(279,156

)

(281,662

)

PROVISIONS FOR LIABILITIES

10

(543,898

)

(520,243

)

NET ASSETS

2,926,973

2,654,181

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

11

246,783

246,783

Retained earnings

2,680,090

2,407,298

SHAREHOLDERS' FUNDS

2,926,973

2,654,181

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

M K J Adderley - Director

1.	STATUTORY INFORMATION

The Window Centre (Solihull) 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 represents net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Plant and office equipment

-

20% on reducing balance

No depreciation has been charged on freehold property. It is the company's policy to maintain property in such condition that its value is not impaired with the passage of time. Such expenditure is charged to profits in the period in which it is incurred. The director considers that the estimated residual value of the property is not materially different from its carrying value and that the estimated residual economic life of the property is long. Accordingly any element of depreciation would be immaterial and therefore no provision for depreciation has been made.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stock and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Leasehold

and

property

property

fittings

£

£

£

COST

At 1 January 2024

871,846

15,000

54,424

Additions

-

-

-

Disposals

-

-

-

At 31 December 2024

871,846

15,000

54,424

DEPRECIATION

At 1 January 2024

-

13,160

46,789

Charge for year

-

307

1,145

Eliminated on disposal

-

-

-

At 31 December 2024

-

13,467

47,934

NET BOOK VALUE

At 31 December 2024

871,846

1,533

6,490

At 31 December 2023

871,846

1,840

7,635

Plant and

Motor

office

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

466,410

105,047

1,512,727

Additions

155,450

5,314

160,764

Disposals

(105,387

)

-

(105,387

)

At 31 December 2024

516,473

110,361

1,568,104

DEPRECIATION

At 1 January 2024

309,543

74,084

443,576

Charge for year

54,185

6,765

62,402

Eliminated on disposal

(88,153

)

-

(88,153

)

At 31 December 2024

275,575

80,849

417,825

NET BOOK VALUE

At 31 December 2024

240,898

29,512

1,150,279

At 31 December 2023

156,867

30,963

1,069,151

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

161,032

Additions

133,575

At 31 December 2024

294,607

DEPRECIATION

At 1 January 2024

54,992

Charge for year

44,876

At 31 December 2024

99,868

NET BOOK VALUE

At 31 December 2024

194,739

At 31 December 2023

106,040

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,181,231

NET BOOK VALUE

At 31 December 2024

1,181,231

At 31 December 2023

1,181,231

The Directors have considered the fair value at the reporting date and confirm no change.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

300,381

290,692

Other debtors

1,160,682

1,040,147

1,461,063

1,330,839

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

46,152

41,975

Hire purchase contracts

63,804

40,598

Trade creditors

506,251

478,066

Taxation and social security

150,679

108,676

Other creditors

522,326

506,797

1,289,212

1,176,112

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

164,020

214,852

Hire purchase contracts

115,136

66,810

279,156

281,662

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

25,333

69,243

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

210,172

256,827

Hire purchase contracts

178,940

107,408

389,112

364,235

The secured debts are over the land and buildings and motor vehicles within fixed assets.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

57,031

51,885

Warranty provisions

486,867

468,358

543,898

520,243

Deferred

Warranty

tax

provision

£

£

Balance at 1 January 2024

51,885

468,358

Provided during year

5,146

-

Balance at 31 December 2024

57,031

468,358

11.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

246,783