REGISTERED NUMBER: 03506791 (England and Wales)

WINDOWPARTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

L J M Oyston

Ms J A Scheidegger

Ms A Lewandowska

REGISTERED OFFICE:

Unit 7 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

REGISTERED NUMBER:

03506791 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Tangible assets

5

63,362

91,505

Investments

6

-

1

63,362

91,506

CURRENT ASSETS

Stocks

1,168,645

1,285,598

Debtors

7

284,119

1,076,411

Cash at bank and in hand

299,235

292,428

1,751,999

2,654,437

CREDITORS

Amounts falling due within one year

8

515,268

675,605

NET CURRENT ASSETS

1,236,731

1,978,832

TOTAL ASSETS LESS CURRENT LIABILITIES

1,300,093

2,070,338

CREDITORS

Amounts falling due after more than one year

9

(73,667

)

(156,514

)

PROVISIONS FOR LIABILITIES

(15,841

)

(22,876

)

NET ASSETS

1,210,585

1,890,948

CAPITAL AND RESERVES

Called up, paid and allotted share capital

2,000

2,000

Retained earnings

1,208,585

1,888,948

SHAREHOLDERS' FUNDS

1,210,585

1,890,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:

Ms A Lewandowska - Director

1.	STATUTORY INFORMATION

Windowparts 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, rounded to the nearest pound.

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.

Income recognition

Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

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

Freehold property

-

20% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 24 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 March 2024

66,758

224,804

50,134

341,696

Additions

-

9,400

-

9,400

Disposals

-

(150,298

)

-

(150,298

)

At 28 February 2025

66,758

83,906

50,134

200,798

DEPRECIATION

At 1 March 2024

66,758

160,319

23,114

250,191

Charge for year

-

13,971

6,755

20,726

Eliminated on disposal

-

(133,481

)

-

(133,481

)

At 28 February 2025

66,758

40,809

29,869

137,436

NET BOOK VALUE

At 28 February 2025

-

43,097

20,265

63,362

At 29 February 2024

-

64,485

27,020

91,505

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2024

1

Disposals

(1

)

At 28 February 2025

-

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

1

Fixed asset investments represent 100% of the ordinary share capital held in Windowparts Trustees Limited.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

261,917

273,287

Other debtors

22,202

803,124

284,119

1,076,411

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

68,000

68,000

Hire purchase contracts

14,847

6,125

Trade creditors

103,908

196,124

Taxation and social security

211,262

183,483

Other creditors

117,251

221,873

515,268

675,605

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

73,667

141,667

Hire purchase contracts

-

14,847

73,667

156,514

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

R D P Mistry and Mrs U R Mistry

Balance outstanding at start of year

272,930

64,107

Amounts advanced

86,284

273,023

Amounts repaid

(359,214

)

(64,200

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

272,930

11.	RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company which are interest free and repayable on demand. Transactions of which can be found above.