REGISTERED NUMBER: 07055859 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Westcoast Window Systems Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Mills

M C Nixon

REGISTERED OFFICE:

Unit 8, Brickfields Business Park

Old Stowmarket Road

Woolpit

Bury St Edmunds

Suffolk

IP30 9QS

REGISTERED NUMBER:

07055859 (England and Wales)

AUDITORS:

Knights Lowe Limited

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Intangible assets

6

2,267

3,967

Tangible assets

7

15,101

19,152

17,368

23,119

CURRENT ASSETS

Stocks

-

(42,465

)

Debtors

8

795,223

606,055

Cash at bank

81,724

280,219

876,947

843,809

CREDITORS

Amounts falling due within one year

9

854,129

529,648

NET CURRENT ASSETS

22,818

314,161

TOTAL ASSETS LESS CURRENT LIABILITIES

40,186

337,280

CREDITORS

Amounts falling due after more than one year

10

(9,512

)

(20,753

)

PROVISIONS FOR LIABILITIES

13

(3,453

)

(4,395

)

NET ASSETS

27,221

312,132

CAPITAL AND RESERVES

Called up share capital

14

168,100

168,100

Retained earnings

(140,879

)

144,032

SHAREHOLDERS' FUNDS

27,221

312,132

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 Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

A Mills - Director

M C Nixon - Director

1.	STATUTORY INFORMATION

Westcoast Window Systems Ltd 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 (£).

The accounts have been rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where a project has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Provisions for amounts recoverable on contracts are included, which although recoverable may not have been invoiced at the balance sheet date.

Intangible assets

Intangible assets are recognised when expenditure is considered to give future economic benefits over a period greater than 1 year and are amortised over the expected period that this financial benefit will arise.

The directors consider the intangible assets recognised have an expected financial benefit period of 5 years.

Tangible fixed assets

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

Short leasehold

-

3 years straight line

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Amounts recoverable on contracts

Revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

Where it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

Non-financial assets

An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Financial assets

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset's carrying amount and the present value of estimated future cashflows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment loss was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 8 ) .

5.	AUDITORS' REMUNERATION

2024

2023

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

12,528

11,500

6.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2024

and 31 December 2024

34,495

AMORTISATION

At 1 January 2024

30,528

Amortisation for year

1,700

At 31 December 2024

32,228

NET BOOK VALUE

At 31 December 2024

2,267

At 31 December 2023

3,967

7.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

4,858

55,597

60,455

Additions

-

842

842

At 31 December 2024

4,858

56,439

61,297

DEPRECIATION

At 1 January 2024

4,858

36,445

41,303

Charge for year

-

4,893

4,893

At 31 December 2024

4,858

41,338

46,196

NET BOOK VALUE

At 31 December 2024

-

15,101

15,101

At 31 December 2023

-

19,152

19,152

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

742,554

460,460

Amounts recoverable on contract

4,507

42,465

Other debtors

48,162

103,130

795,223

606,055

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 11)

10,307

8,879

Payments on account

36,974

42,465

Trade creditors

34,429

86,009

Amounts owed to group undertakings

627,219

362,522

Taxation and social security

4,870

17,712

Other creditors

140,330

12,061

854,129

529,648

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 11)

9,512

20,753

11.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

10,307

8,879

Amounts falling due between one and two years:

Bank loans - 1-2 years

9,512

10,247

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

10,506

12.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

30,166

30,522

Between one and five years

76,473

95,801

In more than five years

4,250

26,917

110,889

153,240

13.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

3,453

4,395

Deferred

tax

£

Balance at 1 January 2024

4,395

Credit to Income Statement during year

(942

)

Balance at 31 December 2024

3,453

The company has tax losses of £282,086 (2023: £Nil) to carry forward. Deferred tax arising on these tax losses has not been recognised in these financial statements are there is not sufficient certainty when they will reverse.

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

168,100

Ordinary A

£1

168,100

168,100

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

The Report of the Auditors was unqualified.

James Knights BSc ACA (Senior Statutory Auditor)

for and on behalf of Knights Lowe Limited

16.	PARENT UNDERTAKING

The parent company is Westcoast Windows AB is a company incorporated in Sweden. Their registered office and principal place of business is Kardanvagen 42 Trollhattan, 461 38, Sweden.

The ultimate controlling party is Inwido AB, a company incorporated in Sweden. Their registered office is Engelbrektsgatan 15, 211 33 Malmö, Sweden.