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Registration number: NI031543

Wilplas UPVC Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Wilplas UPVC Limited

Contents

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

Wilplas UPVC Limited

(Registration number: NI031543)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 6 | 1,657,733 | 1,634,159
Investment property | 7 | 220,000 | 220,000
Other financial assets | 8 | - | 100,466
|  | 1,877,733 | 1,954,625
Current assets |  |  |
Stocks | 9 | 441,880 | 335,434
Debtors | 10 | 828,988 | 629,776
Cash at bank and in hand |  | 2,755,697 | 2,003,309
|  | 4,026,565 | 2,968,519
Creditors: Amounts falling due within one year | 11 | (998,258) | (778,683)
Net current assets |  | 3,028,307 | 2,189,836
Total assets less current liabilities |  | 4,906,040 | 4,144,461
Provisions for liabilities |  | (52,248) | (36,563)
Net assets |  | 4,853,792 | 4,107,898
Capital and reserves |  |  |
Called up share capital | 12 | 2 | 2
Retained earnings |  | 4,853,790 | 4,107,896
Shareholders' funds |  | 4,853,792 | 4,107,898

Wilplas UPVC Limited

(Registration number: NI031543)
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 2 April 2026 and signed on its behalf by:

......................................... Mr A.D.N. Patton Company secretary and director
......................................... Mrs K. Patton Director

Wilplas UPVC 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 Northern Ireland.

The address of its registered office is:
Unit 2
Stockmans Way
Belfast
BT9 7ET

These financial statements were authorised for issue by the Board on 2 April 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 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 that as disclosed in the accounting policies certain items are shown at fair value.

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.
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.

Wilplas UPVC 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.

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 and buildings | 2% straight line
Plant and machinery | 25% reducing balance
Office equipment | 25% reducing balance
Motor vehicles | 25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

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 | 10% straight line

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Wilplas UPVC Limited

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

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. They are subsequently measured at cost 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.

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.

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.

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.

Wilplas UPVC Limited

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

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 16).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 75,300 | 63,250

Wilplas UPVC Limited

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

5 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 October 2024 | 225,000 | 225,000
At 30 September 2025 | 225,000 | 225,000
Amortisation
At 1 October 2024 | 225,000 | 225,000
At 30 September 2025 | 225,000 | 225,000
Carrying amount
At 30 September 2025 | - | -

6 | Tangible assets

| Freehold land and buildings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 October 2024 | 1,656,234 | 325,369 | 209,874 | 170,755 | 2,362,232
Additions | - | - | 8,136 | 94,722 | 102,858
Disposals | - | - | - | (18,740) | (18,740)
At 30 September 2025 | 1,656,234 | 325,369 | 218,010 | 246,737 | 2,446,350
Depreciation
At 1 October 2024 | 114,769 | 286,034 | 188,962 | 138,308 | 728,073
Charge for the year | 33,125 | 9,857 | 5,836 | 26,482 | 75,300
Eliminated on disposal | - | - | - | (14,756) | (14,756)
At 30 September 2025 | 147,894 | 295,891 | 194,798 | 150,034 | 788,617
Carrying amount
At 30 September 2025 | 1,508,340 | 29,478 | 23,212 | 96,703 | 1,657,733
At 30 September 2024 | 1,541,465 | 39,335 | 20,912 | 32,447 | 1,634,159

Included within the net book value of land and buildings above is £1,508,340 (2024 - £1,541,465) in respect of freehold land and buildings.

Wilplas UPVC Limited

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

7 | Investment properties

| 2025 £
At 1 October | 220,000

The investment property was valued on 30 September 2025 by the directors who are internal to the company. The basis of this valuation is fair value. This class of asset has a current value of £220,000 and a carrying amount at historical cost of £275,950. The depreciation on this historical cost is £55,950.

There has been no valuation of investment property by an independent valuer.

8 | Investments held as fixed assets

| Unlisted investments £ | Total £
Other investments
Cost or valuation
At 1 October 2024 | 100,466 | 100,466
Disposals | (100,466) | (100,466)
At 30 September 2025 | - | -
Carrying amount
At 30 September 2025 | - | -

9 | Stocks

| 2025 £ | 2024 £
Other inventories | 441,880 | 335,434

10 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 321,351 | 288,292
Prepayments | 82,018 | 87,614
Other debtors | 425,619 | 253,870
| 828,988 | 629,776

Wilplas UPVC Limited

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

11 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 571,113 | 535,977
Social security and other taxes |  | 215,004 | 183,593
Other payables |  | 3,190 | 3,229
Accruals |  | 54,031 | 39,787
Income tax liability |  | 154,920 | 16,097
|  | 998,258 | 778,683

12 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 2 | 2 | 2 | 2

Wilplas UPVC Limited

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

13 | Related party transactions

Other transactions with directors

During the year the directors repaid £50,000 to the company. At the balance sheet date the directors owed the company £203,870 (2024 - £253,870). The advance is unsecured, interest free and repayable on demand.

Income and receivables from related parties

2025 | Associates £
Sale of goods | 1,671
Amounts receivable from related party | 424

2024 | Associates £
Sale of goods | 8,690
Amounts receivable from related party | 3,843

Expenditure with and payables to related parties

2025 | Associates £
Purchase of goods | 8,468

2024 | Associates £
Purchase of goods | 1,079
Purchase of property or other assets | 143,000
| 144,079
Amounts payable to related party | 49