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Registered number: 3512831
Swadlincote Window Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
DL Accountancy Limited
Unit A1 Optimum Business Park
Optimum Road
Swadlincote
DE11 0WT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 3512831
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 616,981 622,917
616,981 622,917
CURRENT ASSETS
Stocks 5 785,415 772,547
Debtors 6 293,590 232,727
Cash at bank and in hand 322,850 250,171
1,401,855 1,255,445
Creditors: Amounts Falling Due Within One Year 7 (1,074,796 ) (1,082,979 )
NET CURRENT ASSETS (LIABILITIES) 327,059 172,466
TOTAL ASSETS LESS CURRENT LIABILITIES 944,040 795,383
Creditors: Amounts Falling Due After More Than One Year 8 (263,062 ) (294,775 )
PROVISIONS FOR LIABILITIES
Provisions For Charges 10 (275,517 ) (139,272 )
Deferred Taxation (51,920 ) (37,096 )
NET ASSETS 353,541 324,240
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Revaluation reserve 12 175,457 175,457
Profit and Loss Account 177,084 147,783
SHAREHOLDERS' FUNDS 353,541 324,240
Page 1
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For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M McGuinness
Director
19/11/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Swadlincote Window Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 3512831 . The registered office is Belmont Street, Swadlincote, Derbyshire, DE11 8JZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 66 (2024: 61)
66 61
4. Tangible Assets
Land & Property
Freehold Investment Properties Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 April 2024 432,823 165,000 533,917 94,760
Additions - - 43,620 -
As at 31 March 2025 432,823 165,000 577,537 94,760
Depreciation
As at 1 April 2024 126,208 - 416,346 61,794
Provided during the period 8,657 - 32,170 8,242
As at 31 March 2025 134,865 - 448,516 70,036
Net Book Value
As at 31 March 2025 297,958 165,000 129,021 24,724
As at 1 April 2024 306,615 165,000 117,571 32,966
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Page 5
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 25,487 17,704 1,269,691
Additions - - 43,620
As at 31 March 2025 25,487 17,704 1,313,311
Depreciation
As at 1 April 2024 25,487 16,939 646,774
Provided during the period - 487 49,556
As at 31 March 2025 25,487 17,426 696,330
Net Book Value
As at 31 March 2025 - 278 616,981
As at 1 April 2024 - 765 622,917
5. Stocks
2025 2024
£ £
Stock 785,415 772,547
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 241,655 183,944
Prepayments and accrued income 51,935 48,783
293,590 232,727
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 65,098 51,090
Trade creditors 728,652 718,445
Bank loans and overdrafts 36,096 26,903
Corporation tax 67,957 138,784
Other taxes and social security 62,077 53,076
VAT 96,677 90,408
Accruals and deferred income 5,927 -
Directors' loan accounts 12,312 4,273
1,074,796 1,082,979
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 67,128 92,992
Bank loans 195,934 201,783
263,062 294,775
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 65,098 51,090
Later than one year and not later than five years 67,128 92,992
132,226 144,082
132,226 144,082
10. Provisions for Liabilities
Deferred Tax Other Provisions Total
£ £ £
As at 1 April 2024 37,096 139,272 176,368
Additions 14,824 182,204 197,028
Utilised - (45,959 ) (45,959)
Balance at 31 March 2025 51,920 275,517 327,437
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
12. Reserves
Revaluation Reserve
£
As at 1 April 2024 175,457
As at 31 March 2025 175,457
13. Related Party Transactions
During the year the company bought materials on behalf of a related party totalling £123,187.  No balance was owing between the parties at the year end.   
14. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is MJD Holdings Limited. MJD Holdings Limited was incorporated in England. The ultimate controlling party is MJD Holdings Limited as it controls 100% of the shares of Swadlincote Window Company Limted.
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