Company registration number 01983401 (England and Wales)
A PLUS WINDOWS & DOORS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
A PLUS WINDOWS & DOORS LIMITED
COMPANY INFORMATION
Directors
S Warr
J Palethorpe
Secretary
S Warr
Company number
01983401
Registered office
Units 14-18
Moor Park Industrial Centre
Tolpits Lane
Watford
Herts
WD18 9EZ
Auditor
Barcant Beardon Limited
Chartered Accountants
8 Blackstock Mews
Islington
London
N4 2BT
Business address
Units 14-18
Moor Park Industrial Centre
Tolpits Lane
Watford
Herts
WD18 9EZ
A PLUS WINDOWS & DOORS LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Profit and loss account
7
Statement of comprehensive income
8
Balance sheet
10
Statement of changes in equity
9
Statement of cash flows
11
Notes to the financial statements
12 - 23
A PLUS WINDOWS & DOORS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
- 1 -

The directors present the strategic report for the year ended 31 January 2025.

Principal activities

The principal activity of the company continued to be the manufacture and supply of aluminium windows and doors.

Review of the business

The company provides fabricated aluminium fenestration products, offered on a supply only basis to installers in both the residential and projects segments.

The business invests each year in staff development, business development, infrastructure improvements and customer and supplier relationships. Performance is monitored through relevant KP I’s. Principle measures are revenue and margin.

In the financial year ending January 202 5, the company recorded reduced revenue over same period 202 4; principally due to the sporadic nature of larger projects.

Gross Profit reduced to a small degree, driven in the main by higher material input costs on long term projects with an element of fixed pricing.

Strong control on administration and overhead costs resulted in a significant overhead reduction ensuring the business remained in a profitable position.

Principal risks and uncertainties

Directors regularly review risks across the business with the Management Team, and agree actions to mitigate any identified risks, principally:

- Health and Safety: Regular external support is provided to ensure H&S is under constant review.

- Liquidity: The company maintains funds to ensure payment obligations are met. Strong accounting and Management information processes are in place to assist.

- Credit Risk: The company insures its trade debt, and where cover is not available, cash positive terms are agreed in advance.

- Revenue and Margin: The company has a strong annual forecasting and budget process in place which anticipates market movements and makes relevant budgetary amendments for the Management Team to implement

On behalf of the board

J Palethorpe
Director
22 October 2025
A PLUS WINDOWS & DOORS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -

The directors present their annual report and financial statements for the year ended 31 January 2025.

Results and dividends

The results for the year are set out on page 7.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

S Warr
J Palethorpe
Auditor
The auditor, Barcant Beardon Limited, are deemed to be reappointed under section 487(2) of the Companies Act 2006.
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
J Palethorpe
Director
22 October 2025
A PLUS WINDOWS & DOORS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

A PLUS WINDOWS & DOORS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF A PLUS WINDOWS & DOORS LIMITED
- 4 -
Opinion

We have audited the financial statements of A Plus Windows & Doors Limited (the 'company') for the year ended 31 January 2025 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

A PLUS WINDOWS & DOORS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF A PLUS WINDOWS & DOORS LIMITED (CONTINUED)
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

- the engagement partner ensured that the audit team had the appropriate competence, capability and skill to identify and recognise any non-compliance with regulations;

- we identified such laws and regulations applicable from our discussions with directors and from our commercial knowledge and experience of manufacturing businesses;

- we focused on specific laws and regulations which we considered may have a direct material effect on the on the financial statements or the operations of the Company, including the Companies Act 2006, taxation legislation and data protection, employment and health and safety legislation;

- we assessed the extent of compliance with laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the Company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud.

To address the risk of fraud through management bias and override of controls, we;

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

A PLUS WINDOWS & DOORS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF A PLUS WINDOWS & DOORS LIMITED (CONTINUED)
- 6 -

In response to the risk of irregularities and non compliance with laws and regulations, we designed procedures which included, but were not limited to;

- agreeing financial statement disclosure to underlying and supporting documentation;

- reading the minutes of those charged with governance; and

- enquiring of management as to actual and potential litigation and claims.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with law or regulation is removed from the events or transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mukesh Khatri FCA
Senior Statutory Auditor
For and on behalf of Barcant Beardon Limited
23 October 2025
Chartered Accountants
Statutory Auditor
Chartered Accountants
8 Blackstock Mews
Islington
London
N4 2BT
A PLUS WINDOWS & DOORS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
2025
2024
Notes
£
£
Turnover
3
9,004,568
11,106,655
Cost of sales
(6,670,154)
(7,973,729)
Gross profit
2,334,414
3,132,926
Administrative expenses
(2,282,672)
(3,012,686)
Operating profit
4
51,742
120,240
Interest receivable and similar income
6
5,143
3,127
Interest payable and similar expenses
7
(31,841)
(30,273)
Profit before taxation
25,044
93,094
Tax on profit
8
6,790
(18,542)
Profit for the financial year
31,834
74,552
A PLUS WINDOWS & DOORS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2025
- 8 -
2025
2024
£
£
Profit for the year
31,834
74,552
Other comprehensive income
-
-
Total comprehensive income for the year
31,834
74,552
A PLUS WINDOWS & DOORS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
- 9 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 February 2023
100
1,598,107
1,598,207
Year ended 31 January 2024:
Profit and total comprehensive income
-
74,552
74,552
Balance at 31 January 2024
100
1,672,659
1,672,759
Year ended 31 January 2025:
Profit and total comprehensive income
-
31,834
31,834
Balance at 31 January 2025
100
1,704,493
1,704,593
A PLUS WINDOWS & DOORS LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2025
31 January 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
9
806,868
782,720
Current assets
Stocks
10
740,768
818,067
Debtors
11
2,230,062
2,579,458
Cash at bank and in hand
85,273
428,146
3,056,103
3,825,671
Creditors: amounts falling due within one year
12
(1,734,820)
(2,477,074)
Net current assets
1,321,283
1,348,597
Total assets less current liabilities
2,128,151
2,131,317
Creditors: amounts falling due after more than one year
13
(270,022)
(314,169)
Provisions for liabilities
Deferred tax liability
16
153,536
144,389
(153,536)
(144,389)
Net assets
1,704,593
1,672,759
Capital and reserves
Called up share capital
18
100
100
Profit and loss reserves
1,704,493
1,672,659
Total equity
1,704,593
1,672,759

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 22 October 2025 and are signed on its behalf by:
J Palethorpe
Director
Company registration number 01983401 (England and Wales)
A PLUS WINDOWS & DOORS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2025
- 11 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash absorbed by operations
22
(178,030)
(177,751)
Interest paid
(31,841)
(30,273)
Income taxes paid
(13,702)
(1)
Net cash outflow from operating activities
(223,573)
(208,025)
Investing activities
Purchase of tangible fixed assets
(167,379)
(248,904)
Proceeds from disposal of tangible fixed assets
-
19,000
Interest received
5,143
3,127
Net cash used in investing activities
(162,236)
(226,777)
Financing activities
Repayment of bank loans
59,505
(14,237)
Payment of finance leases obligations
(16,569)
68,542
Net cash generated from financing activities
42,936
54,305
Net decrease in cash and cash equivalents
(342,873)
(380,497)
Cash and cash equivalents at beginning of year
428,146
808,643
Cash and cash equivalents at end of year
85,273
428,146
A PLUS WINDOWS & DOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 12 -
1
Accounting policies
Company information

A Plus Windows & Doors Limited is a private company limited by shares incorporated in England and Wales. The registered office is Units 14-18, Moor Park Industrial Centre, Tolpits Lane, Watford, Herts, WD18 9EZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
4% pa straight line
Plant and machinery
15% pa on reducing balance
Fixtures, fittings & equipment
15% pa on reducing balance
Computer equipment
33% pa straight line
Motor vehicles
25% pa on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

A PLUS WINDOWS & DOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 13 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.7
Cash at bank and in hand

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

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Financial liabilities classified as payable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

A PLUS WINDOWS & DOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 14 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

A PLUS WINDOWS & DOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 15 -
1.12
Retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover and other revenue

An analysis of the company's turnover is as follows:

2025
2024
£
£
Turnover analysed by class of business
Sale of goods
9,004,568
11,106,655
2025
2024
£
£
Turnover analysed by geographical market
UK
9,004,568
11,106,655
2025
2024
£
£
Other revenue
Interest income
5,143
3,127
A PLUS WINDOWS & DOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 16 -
4
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
16,000
12,000
Depreciation of owned tangible fixed assets
42,611
22,206
Depreciation of tangible fixed assets held under finance leases
95,917
106,031
Loss on disposal of tangible fixed assets
4,704
1,288
Operating lease charges
229,197
229,197
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Office and administration
20
19
Sales and manufacturing
41
40
Total
61
59

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
2,292,791
2,310,113
Pension costs
43,615
44,256
2,336,406
2,354,369
6
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
5,143
3,127
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
5,143
3,127
A PLUS WINDOWS & DOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 17 -
7
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
4,327
3,657
Other finance costs:
Interest on finance leases and hire purchase contracts
27,514
26,616
31,841
30,273
8
Taxation
2025
2024
£
£
Current tax
Adjustments in respect of prior periods
-
0
13,702
Deferred tax
Origination and reversal of timing differences
(6,790)
4,840
Total tax (credit)/charge
(6,790)
18,542

The actual (credit)/charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
25,044
93,094
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
6,261
23,274
Tax effect of expenses that are not deductible in determining taxable profit
(13,532)
65,322
Tax effect of utilisation of tax losses not previously recognised
-
0
(68,954)
Change in unrecognised deferred tax assets
15,937
4,840
Adjustments in respect of prior years
-
0
13,702
Permanent capital allowances in excess of depreciation
(8,374)
(19,642)
Depreciation on assets not qualifying for tax allowances
(7,082)
-
0
Taxation (credit)/charge for the year
(6,790)
18,542
A PLUS WINDOWS & DOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 18 -
9
Tangible fixed assets
Leasehold improvements
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 February 2024
218,364
795,653
365,401
124,111
126,791
1,630,320
Additions
-
0
77,043
3,646
22,807
63,883
167,379
Disposals
-
0
-
0
-
0
-
0
(29,500)
(29,500)
At 31 January 2025
218,364
872,696
369,047
146,918
161,174
1,768,199
Depreciation and impairment
At 1 February 2024
32,564
399,246
232,170
118,314
65,306
847,600
Depreciation charged in the year
8,734
71,017
20,532
7,673
30,572
138,528
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(24,797)
(24,797)
At 31 January 2025
41,298
470,263
252,702
125,987
71,081
961,331
Carrying amount
At 31 January 2025
177,066
402,433
116,345
20,931
90,093
806,868
At 31 January 2024
185,800
396,407
133,231
5,797
61,485
782,720
A PLUS WINDOWS & DOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
9
Tangible fixed assets
(Continued)
- 19 -

Tangible fixed assets includes assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Plant and machinery
375,855
403,299
Motor vehicles
76,468
45,781
452,323
449,080
Depreciation charge for the year in respect of leased assets
95,917
106,031
10
Stocks
2025
2024
£
£
Raw materials and consumables
740,768
818,067
11
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,095,887
1,382,507
Amounts owed by group undertakings
677,498
677,498
Other debtors
344,168
434,906
Prepayments and accrued income
79,707
67,681
2,197,260
2,562,592
Deferred tax asset (note 16)
32,802
16,866
2,230,062
2,579,458
A PLUS WINDOWS & DOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 20 -
12
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
14
33,645
14,247
Obligations under finance leases
15
180,188
112,503
Trade creditors
823,122
1,282,485
Corporation tax
-
0
13,702
Other taxation and social security
134,059
122,973
Other creditors
154,302
659,164
Accruals and deferred income
409,504
272,000
1,734,820
2,477,074
13
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
14
61,478
21,371
Obligations under finance leases
15
208,544
292,798
270,022
314,169

Net obligations under hire purchase contracts are secured by fixed charges on the assets concerned.

The company has entered a deed of guarantee and debenture in conjunction with SK Assets Limited, a company in which S Warr is a director and shareholder. The bank loan of both the companies are secured by a fixed and floating charge over the company's assets.

14
Loans and overdrafts
2025
2024
£
£
Bank loans
95,123
35,618
Payable within one year
33,645
14,247
Payable after one year
61,478
21,371

The company has entered a deed of guarantee and debenture in conjunction with SK Assets Limited, a company in which S Warr is a director and shareholder. The bank loan of both the companies are secured by a fixed and floating char g e over the company's assets.

The bank loan has an interest rate of 2.28% above base and is due to be repaid by July 2026.

The new bank loan has an interest rate of 2.5% above base and is due to be repaid by November 2029.

A PLUS WINDOWS & DOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 21 -
15
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
180,188
112,503
In two to five years
208,544
292,798
388,732
405,301

Hire purchase payments are payable by the company for certain items of plant and machinery. The average hire purchase term is 3 years. All leases are on a fixed repayment basis.

Net obligations under hire purchase contracts are secured by fixed charges on the assets concerned.

16
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
Assets
Assets
2025
2024
2025
2024
Balances:
£
£
£
£
Accelerated capital allowances
153,536
144,389
-
-
Tax losses
-
-
32,802
16,866
153,536
144,389
32,802
16,866
2025
Movements in the year:
£
Liability at 1 February 2024
127,523
Credit to profit or loss
(6,789)
Liability at 31 January 2025
120,734
17
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
43,615
44,256

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

18
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 5p each
2,000
2,000
100
100
A PLUS WINDOWS & DOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 22 -
19
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
82,500
-
0
Years 2-5
307,170
-
0
389,670
-
0
20
Related party transactions
Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2025
2024
£
£
Aggregate compensation
245,194
277,376
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The company had transactions with its parent company Stillwater Group Limited. At 31 January 2025 the company was owed £677,498 (2024: £677,498) from its parent company and this is disclosed in note 11 Debtors.

21
Ultimate controlling party

100% of the equity is held by Stillwater Group Limited, a company registered in England & Wales.

A PLUS WINDOWS & DOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 23 -
22
Cash absorbed by operations
2025
2024
£
£
Profit after taxation
31,834
74,552
Adjustments for:
Taxation (credited)/charged
(6,790)
18,542
Finance costs
31,841
30,273
Investment income
(5,143)
(3,127)
Loss on disposal of tangible fixed assets
4,704
1,288
Depreciation and impairment of tangible fixed assets
138,528
128,237
Movements in working capital:
Decrease/(increase) in stocks
77,299
(22,391)
Decrease/(increase) in debtors
365,332
(152,780)
Decrease in creditors
(815,635)
(252,345)
Cash absorbed by operations
(178,030)
(177,751)
23
Analysis of changes in net debt
1 February 2024
Cash flows
31 January 2025
£
£
£
Cash at bank and in hand
428,146
(342,873)
85,273
Borrowings excluding overdrafts
(35,618)
(59,505)
(95,123)
Lease liabilities
(405,301)
16,569
(388,732)
(12,773)
(385,809)
(398,582)
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