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Registered number: 11847817
Timeless Windows Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11847817
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 90,450 88,589
90,450 88,589
CURRENT ASSETS
Stocks 5 204,200 19,000
Debtors 6 336,776 403,877
Cash at bank and in hand 1,386,205 565,509
1,927,181 988,386
Creditors: Amounts Falling Due Within One Year 7 (516,972 ) (388,705 )
NET CURRENT ASSETS (LIABILITIES) 1,410,209 599,681
TOTAL ASSETS LESS CURRENT LIABILITIES 1,500,659 688,270
Creditors: Amounts Falling Due After More Than One Year 8 (20,963 ) (48,095 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,612 ) (22,147 )
NET ASSETS 1,457,084 618,028
CAPITAL AND RESERVES
Called up share capital 10 101 101
Share premium account 99,975 99,975
Profit and Loss Account 1,357,008 517,952
SHAREHOLDERS' FUNDS 1,457,084 618,028
Page 1
Page 2
For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lukas Lidakevicius
Director
20/05/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Timeless Windows Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11847817 . The registered office is 2 New King's Road, Fulham, London, SW6 4SA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% WDV
Motor Vehicles 25% WDV
Fixtures & Fittings 25% WDV
Computer Equipment 25% WDV
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2025 7,117 123,656 13,318 6,308 150,399
Additions - 29,958 - 2,053 32,011
As at 28 February 2026 7,117 153,614 13,318 8,361 182,410
Depreciation
As at 1 March 2025 3,896 51,562 3,332 3,020 61,810
Provided during the period 805 25,512 2,497 1,336 30,150
As at 28 February 2026 4,701 77,074 5,829 4,356 91,960
Net Book Value
As at 28 February 2026 2,416 76,540 7,489 4,005 90,450
As at 1 March 2025 3,221 72,094 9,986 3,288 88,589
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5. Stocks
2026 2025
£ £
Stock 204,200 -
Materials - 19,000
204,200 19,000
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 31,812 401,867
Amounts owed by participating interests 257,000 -
Other debtors 47,964 2,010
336,776 403,877
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 27,132 28,311
Trade creditors 39,268 6,670
Bank loans and overdrafts 9,836 7,426
Amounts owed to participating interests - 337
Other creditors 122,839 185,840
Taxation and social security 317,897 160,121
516,972 388,705
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 20,963 48,095
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9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 27,132 28,311
Later than one year and not later than five years 20,963 48,095
48,095 76,406
48,095 76,406
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 101 101
11. Related Party Transactions
Included in the Other Creditors is an amount owed to the company director Mr L Lidakevicius totalling £268 (2025 - £178), no interest is to be charged.
Included in the Other Creditors is an amount owed to Timeless Doors Ltd totalling £257,000 (2025 - £337), for which Mr L Lidakevicius is a director. No interest is to be charged and no repayment terms have been agreed.
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