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Registration number: 09248252

The Conservatory & Window Factory Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 September 2025

The Conservatory & Window Factory Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 10

The Conservatory & Window Factory Limited

(Registration number: 09248252)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 379,364 | 367,872
Current assets |  |  |
Stocks | 6 | 130,488 | 138,591
Debtors | 7 | 63,976 | 59,890
Cash at bank and in hand |  | 56,133 | 32,844
|  | 250,597 | 231,325
Creditors: Amounts falling due within one year | 8 | (250,074) | (231,177)
Net current assets |  | 523 | 148
Total assets less current liabilities |  | 379,887 | 368,020
Creditors: Amounts falling due after more than one year | 8 | (192,994) | (196,779)
Provisions for liabilities |  | (30,621) | (28,755)
Net assets |  | 156,272 | 142,486
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Revaluation reserve |  | 75,000 | 75,000
Retained earnings |  | 81,270 | 67,484
Shareholders' funds |  | 156,272 | 142,486

The Conservatory & Window Factory Limited

(Registration number: 09248252)
Balance Sheet as at 30 September 2025

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 Board on 16 March 2026 and signed on its behalf by:

Mr A R Clements Director |  |

The Conservatory & Window Factory Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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 7
Dunkeswell Business Park
Dunkeswell
Honiton
Devon
EX14 4RD

These financial statements were authorised for issue by the Board on 16 March 2026.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention modified to include the revaluation of certain fixed assets, except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

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 value added tax, returns, rebates and discounts.
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.

Tax

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

The current income 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.

The Conservatory & Window Factory Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the Balance Sheet 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.
Tangible assets held at valuation are revalued with sufficient regularity such that the carrying amount does not differ materially from that which would be determined using fair values at the balance sheet date.
Any revaluation increase arising on the revaluation is credited to the revaluation reserve, net of any associated deferred tax, except to the extent that it reverses a revaluation decrease for the same asset previously recognised as an expense, in which case the increase is credited to the income statement to the extent of the decrease previously expensed. A decrease in carrying amount arising on the revaluation is charged as an expense to the extent that it exceeds the balance, if any, held in the properties revaluation reserve relating to a previous revaluation of that asset.
On the subsequent sale or scrappage of a revalued property, the attributable revaluation surplus remaining in the properties revaluation reserve is transferred directly to retained earnings.

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
Land | Nil
Assets under construction | Nil
Buildings | Nil
Plant and machinery | 20% reducing balance
Motor vehicles | 25% reducing balance
Fixtures and fittings | 20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

The Conservatory & Window Factory Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 20% straight line

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 stocks 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.

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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 receivables.

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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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 subsequently measured at amortised cost using the effective interest method.

The Conservatory & Window Factory Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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

A 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 an employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 9 (2024 - 9).

The Conservatory & Window Factory Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 October 2024 | 4,000 | 4,000
At 30 September 2025 | 4,000 | 4,000
Amortisation
At 1 October 2024 | 4,000 | 4,000
At 30 September 2025 | 4,000 | 4,000
Carrying amount
At 30 September 2025 | - | -
At 30 September 2024 | - | -

5 | Tangible assets

| Freehold land and buildings £ | Assets under construction £ | Furniture, fittings and equipment £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 October 2024 | 318,226 | 20,312 | 16,250 | 50,929 | 40,899 | 446,616
Additions | - | 4,886 | 635 | - | 19,270 | 24,791
Disposals | - | - | - | - | (16,250) | (16,250)
At 30 September 2025 | 318,226 | 25,198 | 16,885 | 50,929 | 43,919 | 455,157
Depreciation
At 1 October 2024 | 436 | - | 13,124 | 32,587 | 32,597 | 78,744
Charge for the year | - | - | 751 | 3,670 | 6,233 | 10,654
Eliminated on disposal | - | - | - | - | (13,605) | (13,605)
At 30 September 2025 | 436 | - | 13,875 | 36,257 | 25,225 | 75,793
Carrying amount
At 30 September 2025 | 317,790 | 25,198 | 3,010 | 14,672 | 18,694 | 379,364
At 30 September 2024 | 317,790 | 20,312 | 3,126 | 18,342 | 8,302 | 367,872

Included within the net book value of land and buildings above is £317,790 (2024 - £317,790) in respect of freehold land and buildings.

The Conservatory & Window Factory Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Revaluation

The fair value of the company's Freehold land & buildings was revalued on 4 September 2023 by an independent valuer, Pepper Commercial, who are external to the company. The basis of this valuation was market value and the assets in the company have a current value of £317,790.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £217,790 (2024 - £217,790).

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 27,615 | 14,289
Other inventories | 102,873 | 124,302
| 130,488 | 138,591

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 51,349 | 44,458
Other debtors | 841 | 196
Prepayments | 11,786 | 12,989
Income tax asset | - | 2,247
| 63,976 | 59,890

8 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Bank loans and borrowings | 10 | 13,370 | 10,289
Trade creditors |  | 51,651 | 39,385
Social security and other taxes |  | 66,574 | 60,763
Other creditors |  | 99,111 | 110,125
Accruals and deferred income |  | 19,368 | 10,615
|  | 250,074 | 231,177

Creditors include loans and other financial liabilities which are secured of £68,513 (2024 - £62,936).

The Conservatory & Window Factory Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 10,994 | 8,779
Other financial liabilities |  | 182,000 | 188,000
|  | 192,994 | 196,779

Creditors include loans and other financial liabilities which are secured of £191,994 (2024 - £188,000).

9 | Reserves

Retained reserved
This reserve represents accumulated profits net of any distributions made to shareholders.
Revaluation reserve
This has arisen from a revalution permitted in accounting standards.

| Tangible assets 2025 £
Amount of revaluation brought forward | 75,000

10 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 4,591 | -
Other borrowings | 8,779 | 10,289
| 13,370 | 10,289

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 10,994 | -
Other borrowings | - | 8,779
| 10,994 | 8,779

Hire purchase contracts are secured against the assets to which they relate.

The Conservatory & Window Factory Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

11 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £9,081 (2024 - £Nil).

12 | Related party transactions

Key management personnel

Director

Summary of transactions with key management

The director and his wife have continued to make a loan available to the company. This loan is interest free and has been secured over the assets of the company. £181,000 of the loan is not due for payment until after 30 September 2026.

Loans from related parties

2025 | Key management £ | Total £
At start of period | 250,936 | 250,936
Repaid | (6,014) | (6,014)
At end of period | 244,922 | 244,922

2024 | Key management £ | Total £
At start of period | 251,300 | 251,300
Repaid | (364) | (364)
At end of period | 250,936 | 250,936