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Company Registration No. 04805362 (England and Wales)
Windows Plus (UK) Limited Unaudited accounts for the year ended 30 April 2025
Windows Plus (UK) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Windows Plus (UK) Limited Company Information for the year ended 30 April 2025
Directors
Matthew Jones Daniel Attwell Simon Gooch
Secretary
Matthew Jones
Company Number
04805362 (England and Wales)
Registered Office
UNIT 6 CASTON INDUSTRIAL ESTATE 175 SALHOUSE ROAD NORWICH NORFOLK NR7 9AQ
Accountants
Accounting Associates Norwich Ltd 19 Hartwell Road Wroxham Norwich Norfolk NR12 8TL
- 3 -
Windows Plus (UK) Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
1,498
1,998
Tangible assets
5
78,223
78,170
79,721
80,168
Current assets
Inventories
181,120
183,808
Debtors
6
96,307
121,712
Cash at bank and in hand
637,536
498,613
914,963
804,133
Creditors: amounts falling due within one year
7
(354,350)
(322,689)
Net current assets
560,613
481,444
Total assets less current liabilities
640,334
561,612
Provisions for liabilities
Deferred tax
8
(22,075)
(22,062)
Other provisions
9
(67,002)
(67,002)
(89,077)
(89,064)
Net assets
551,257
472,548
Capital and reserves
Called up share capital
20,610
20,610
Capital redemption reserve
79,390
79,390
Profit and loss account
451,257
372,548
Shareholders' funds
551,257
472,548
For the year ending 30 April 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Daniel Attwell Director Company Registration No. 04805362
- 4 -
Windows Plus (UK) Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Windows Plus (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 04805362. The registered office is UNIT 6 CASTON INDUSTRIAL ESTATE, 175 SALHOUSE ROAD, NORWICH, NORFOLK, NR7 9AQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Employee Ownership Trust
The ownership and control of the company was transferred to an Employee Ownership Trust, with effect from 22/02/2024, to secure the future benefit of the company for existing and future employees. The purchase of the entire company's share capital was facilitated by delayed consideration with a "contribution" of £342,000 being gifted to WP EOT Ltd this year. This contribution has been deducted directly from the company's profit and loss reserves account.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets (including goodwill)
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully amortised evenly over its estimated useful life of ten years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
33% on cost
- 5 -
Windows Plus (UK) Limited Notes to the Accounts for the year ended 30 April 2025
Inventories and work in progress
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion. 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 taxation
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. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments. Where there is a legal obligation, a dilapidations provision is created on inception of a lease. These provisions are a best estimate of the cost required to return leased properties to their original condition upon termination of the lease. Where the obligation arises from wear and tear, the provision is accrued and expensed in profit or loss as the wear and tear occurs.
Pension costs
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.
- 6 -
Windows Plus (UK) Limited Notes to the Accounts for the year ended 30 April 2025
4
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 May 2024
63,200
2,500
65,700
At 30 April 2025
63,200
2,500
65,700
Amortisation
At 1 May 2024
63,200
502
63,702
Charge for the year
-
500
500
At 30 April 2025
63,200
1,002
64,202
Net book value
At 30 April 2025
-
1,498
1,498
At 30 April 2024
-
1,998
1,998
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2024
30,740
144,797
8,465
7,996
191,998
Additions
1,207
19,250
512
1,937
22,906
Disposals
-
(7,950)
-
-
(7,950)
At 30 April 2025
31,947
156,097
8,977
9,933
206,954
Depreciation
At 1 May 2024
28,244
73,938
6,082
5,564
113,828
Charge for the year
724
17,602
570
1,875
20,771
On disposals
-
(5,868)
-
-
(5,868)
At 30 April 2025
28,968
85,672
6,652
7,439
128,731
Net book value
At 30 April 2025
2,979
70,425
2,325
2,494
78,223
At 30 April 2024
2,496
70,859
2,383
2,432
78,170
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
74,575
104,991
Accrued income and prepayments
21,732
16,721
96,307
121,712
- 7 -
Windows Plus (UK) Limited Notes to the Accounts for the year ended 30 April 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
50,145
48,779
Trade creditors
98,517
65,650
Taxes and social security
159,922
160,708
Other creditors
2,707
4,179
Loans from directors
-
(2,091)
Accruals
15,310
17,723
Deferred income
27,749
27,741
354,350
322,689
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
19,556
19,543
Other deferred taxation
2,519
2,519
22,075
22,062
2025
2024
£
£
Provision at start of year
22,062
31,731
Charged/(credited) to the profit and loss account
13
(9,669)
Provision at end of year
22,075
22,062
9
Provisions for liabilities
£
At 1 May 2024
67,002
At 30 April 2025
67,002
A provision has been made to cover dilapidations arising via the lease of Unit 6, 175 Salhouse Road, the trading premises of Windows Plus (UK) Limited. The provision includes both general and specific elements as identified in a 2021 Dilapidations Liability Report prepared by a MRICS certified surveyor. The majority of the identified costs will fall due as and when the lease is terminated, less any relevant costs already incurred prior to that date. As such there is an element of uncertainty in the exact timing and valuation of these provisions.
10
Operating lease commitments
2025
2024
£
£
At 30 April 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
26,963
37,453
Later than one year and not later than five years
-
27,714
26,963
65,167
11
Average number of employees
During the year the average number of employees was 13 (2024: 15).
- 8 -