REGISTERED NUMBER: 02984471 (England and Wales)

NORTHERN TRADE WINDOWS (MANUFACTURERS)

LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J J Cosgrove

E Cosgrove

SECRETARY:

J J Cosgrove

REGISTERED OFFICE:

Mohair Mills

Gibson Street

Bradford

West Yorkshire

BD3 9TB

REGISTERED NUMBER:

02984471 (England and Wales)

ACCOUNTANTS:

UHY BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

BANKERS:

Yorkshire Bank

Southgate

Elland

West Yorkshire

HX5 0BP

FIXED ASSETS

Tangible assets

4

22,895

27,844

CURRENT ASSETS

Stocks

119,128

100,703

Debtors

5

489,243

498,101

Cash at bank and in hand

310,065

339,795

918,436

938,599

CREDITORS

Amounts falling due within one year

6

708,548

707,718

NET CURRENT ASSETS

209,888

230,881

TOTAL ASSETS LESS CURRENT LIABILITIES

232,783

258,725

CREDITORS

Amounts falling due after more than one year

7

-

(33,104

)

PROVISIONS FOR LIABILITIES

(3,543

)

(4,395

)

NET ASSETS

229,240

221,226

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

229,236

221,222

SHAREHOLDERS' FUNDS

229,240

221,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

J J Cosgrove - Director

E Cosgrove - Director

1.	STATUTORY INFORMATION

Northern Trade Windows (Manufacturers) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below.

Turnover

Turnover is recognised in the accounts when the company obtains the right to consideration in exchange for performance and is stated at the net invoice value, excluding value added tax. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to that date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided the amounts are recorded as creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Straight line over 11 years

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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 items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except those financial assets classified at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

The company does not have any financial instruments that would not be classed as 'basic'.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 contributes to a defined contribution scheme on behalf of its employees operated by a company under common control. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

193,982

DEPRECIATION

At 1 April 2024

166,138

Charge for year

4,949

At 31 March 2025

171,087

NET BOOK VALUE

At 31 March 2025

22,895

At 31 March 2024

27,844

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

25,583

14,281

Amounts owed by group undertakings

364,882

363,837

Other debtors

98,778

119,983

489,243

498,101

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

33,763

56,215

Trade creditors

168,353

206,990

Amounts owed to group undertakings

-

330,633

Taxation and social security

84,014

86,054

Other creditors

422,418

27,826

708,548

707,718

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

33,104

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

57,286

57,516

Between one and five years

177,970

221,566

In more than five years

-

13,690

235,256

292,772

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

33,763

89,319

The bank loan is secured by fixed and floating charges over the assets of the company.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

E Cosgrove

Balance outstanding at start of year

64,159

44,805

Amounts advanced

-

64,159

Amounts repaid

(5,200

)

(44,805

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

58,959

64,159

11.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Merchantable Quality Limited. The ultimate controlling party is NTW Holdings Limited. The registered office of both businesses is Mohair Mills, Gibson Street, Bradford BD3 9TB.