Lead Windows Limited - Filleted accounts

Registered number

13220083

Lead Windows Limited

Report and Accounts

31 March 2025

Lead Windows Limited
Registered number:		13220083
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		417,717			433,574

Current assets
Stocks		100,000			100,000
Debtors	4	65,935			117,107
Cash at bank and in hand		187,822			128,881
		353,757			345,988

Creditors: amounts falling due within one year	5	(157,581)			(197,552)

Net current assets			196,176			148,436

Total assets less current liabilities			613,893			582,010

Creditors: amounts falling due after more than one year	6		(344,992)			(264,176)

Provisions for liabilities			(21,760)			(15,129)


Net assets			247,141			302,705

Capital and reserves
Called up share capital			100			100
Profit and loss account			247,041			302,605

Shareholders' funds			247,141			302,705

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr N Sherriff
Director
Approved by the board on 2 December 2025

Lead Windows Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			not depreciated
	Motor vehicles			reducing balance at 25%
	Plant and machinery			reducing balance at 25%
	Fixtures, fittings, tools and equipment			reducing balance at 25%

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					8		7


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	335,606		56,056		85,966		477,628
	Additions	-		1,199		25,553		26,752
	Disposals	-		(1,315)		(36,500)		(37,815)
	At 31 March 2025	335,606		55,940		75,019		466,565

	Depreciation
	At 1 April 2024	-		20,028		24,026		44,054
	Charge for the year	-		8,754		16,224		24,978
	On disposals	-		(109)		(20,075)		(20,184)
	At 31 March 2025	-		28,673		20,175		48,848

	Net book value
	At 31 March 2025	335,606		27,267		54,844		417,717
	At 31 March 2024	335,606		36,028		61,940		433,574


4	Debtors					2025		2024
£							£

	Trade debtors					-		72,659
	Other debtors					65,935		44,448
						65,935		117,107


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					9,647		125,906
	Taxation and social security costs					133,859		62,363
	Other creditors					14,075		9,283
						157,581		197,552


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					344,992		264,176


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr N Sherriff
	Loan to director	20,050		-		(28,595)		(8,545)

		20,050		-		(28,595)		(8,545)


8	Related party transactions

	The directors benefitted from a loan of £20,050 (2023: £43,860). This loan has a commercial rate of interest and has no set date for repayment.


9	Controlling party

	Mr N Sherriff is considered to be the controlling party due to his interest in the majority of the share capital.


10	Other information

	Lead Windows Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 17 Axis 31 Oak Field Road
	Woolsbridge Industrial Estate
	Wimborne
	Dorset
	BH21 6FE