Majestic Window Designs Limited 04959017 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the manufacturing of windows. Digita Accounts Production Advanced 6.30.9574.0 true 04959017 2024-04-01 2025-03-31 04959017 2025-03-31 04959017 core:CurrentFinancialInstruments 2025-03-31 04959017 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04959017 core:FurnitureFittingsToolsEquipment 2025-03-31 04959017 core:LandBuildings 2025-03-31 04959017 core:MotorVehicles 2025-03-31 04959017 bus:SmallEntities 2024-04-01 2025-03-31 04959017 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04959017 bus:FilletedAccounts 2024-04-01 2025-03-31 04959017 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04959017 bus:RegisteredOffice 2024-04-01 2025-03-31 04959017 bus:Director1 2024-04-01 2025-03-31 04959017 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04959017 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 04959017 core:LandBuildings 2024-04-01 2025-03-31 04959017 core:LeaseholdImprovements 2024-04-01 2025-03-31 04959017 core:MotorVehicles 2024-04-01 2025-03-31 04959017 core:OfficeEquipment 2024-04-01 2025-03-31 04959017 core:PlantMachinery 2024-04-01 2025-03-31 04959017 countries:EnglandWales 2024-04-01 2025-03-31 04959017 2024-03-31 04959017 core:FurnitureFittingsToolsEquipment 2024-03-31 04959017 core:LandBuildings 2024-03-31 04959017 core:MotorVehicles 2024-03-31 04959017 2023-04-01 2024-03-31 04959017 2024-03-31 04959017 core:CurrentFinancialInstruments 2024-03-31 04959017 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04959017 core:FurnitureFittingsToolsEquipment 2024-03-31 04959017 core:LandBuildings 2024-03-31 04959017 core:MotorVehicles 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 04959017

Prepared for the registrar
Majestic Window Designs Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Majestic Window Designs Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Majestic Window Designs Limited

Company Information

Director | J D Martin

Registered office | Unit 6 Cheddar Business Park Wedmore Road Cheddar Somerset BS27 3EB

Majestic Window Designs Limited

(Registration number: 04959017)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 73,396 | 90,972
Current assets |  |  |
Stocks |  | 405,670 | 407,071
Debtors | 5 | 1,110,653 | 1,150,737
Cash at bank and in hand |  | 35,770 | 64,923
|  | 1,552,093 | 1,622,731
Creditors: Amounts falling due within one year | 6 | (457,881) | (530,028)
Net current assets |  | 1,094,212 | 1,092,703
Total assets less current liabilities |  | 1,167,608 | 1,183,675
Deferred tax liabilities |  | (22,310) | (22,310)
Net assets |  | 1,145,298 | 1,161,365
Capital and reserves |  |  |
Called up share capital |  | 80 | 80
Capital redemption reserve |  | 20 | 20
Retained earnings |  | 1,145,198 | 1,161,265
Shareholders' funds |  | 1,145,298 | 1,161,365

For the financial 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.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 January 2026

J D Martin
Director

Majestic Window Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 6
Cheddar Business Park
Wedmore Road
Cheddar
Somerset
BS27 3EB

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small group..

Critical accounting 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 amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the company's activities.

Majestic Window Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold improvements | 20% straight line
Plant and machinery | 33% reducing balance
Motor vehicles | 20% reducing balance
Equipment | 33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Majestic Window Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Majestic Window Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.
For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

| 3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was as follows:

| 2025 No. | 2024 No.
Average number of employees | 23 | 24

Majestic Window Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| 4 | Tangible assets

| Leasehold improvements £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost
At 1 April 2024 | 25,379 | 409,320 | 64,815 | 499,514
Additions | - | 7,617 | - | 7,617
At 31 March 2025 | 25,379 | 416,937 | 64,815 | 507,131
Depreciation
At 1 April 2024 | 16,945 | 363,558 | 28,039 | 408,542
Charge for the year | 1,840 | 15,998 | 7,355 | 25,193
At 31 March 2025 | 18,785 | 379,556 | 35,394 | 433,735
Carrying amount
At 31 March 2025 | 6,594 | 37,381 | 29,421 | 73,396
At 31 March 2024 | 8,434 | 45,762 | 36,776 | 90,972

| 5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 262,644 | 299,541
Amounts owed by related parties | 830,393 | 802,949
Other debtors | 319 | 14
Prepayments | 17,297 | 48,233
| 1,110,653 | 1,150,737

| 6 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 308,461 | 362,887
Social security and other taxes | 97,521 | 70,915
Outstanding defined contribution pension costs | 2,058 | 1,733
Other creditors | 22,828 | -
Accrued expenses | 8,391 | 8,697
Corporation tax liability | 18,622 | 85,796
| 457,881 | 530,028

| 7 | Financial commitments, guarantees and contingencies

The company is bound by a cross guarantee amounting to £3,437,500 in respect of bank debt with Majestic Window Holdings Ltd.

| 8 | Parent and ultimate parent undertaking

The company's immediate parent is Majestic Windows Holdings Ltd, incorporated in England and Wales.