A RATED WINDOWS SOUTH EAST LTD.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

A RATED WINDOWS SOUTH EAST LTD. is a private company, limited by shares, incorporated in England & Wales, registered number 10171926 . The registered office is Unit 7 Deal Business Park, Southwall Road, Deal, Kent, CT14 9FH.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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	Stright line @ 15%
Motor Vehicles	Stright line @15%
Fixtures & Fittings	Reducing balance @£15%
Computer Equipment	Reducing balance @25%

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A RATED WINDOWS SOUTH EAST LTD.

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.4. 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.

At the year end, property development work in progress comprised costs incurred on the following development sites:

Development site £

Plot 1 — Mongeham 324,242

Plot 2 — Lawn Road 41,550

Total property development work in progress £365,792

The above amounts are included within current assets as stock/work in progress. The directors have assessed the recoverability of the carrying value of the development work in progress by reference to expected selling prices, anticipated costs to complete and expected selling costs. Based on this assessment, the directors consider that the carrying value of the development work in progress is recoverable and no provision for impairment is required.

2.5. 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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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A RATED WINDOWS SOUTH EAST LTD.

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 6)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 June 2024	88,400	29,799	12,041	4,595	134,835
Additions	-	-	-	539	539

As at 31 May 2025	88,400	29,799	12,041	5,134	135,374

Depreciation
As at 1 June 2024	13,260	4,470	5,673	1,615	25,018
Provided during the period	13,260	4,470	955	880	19,565

As at 31 May 2025	26,520	8,940	6,628	2,495	44,583

Net Book Value
As at 31 May 2025	61,880	20,859	5,413	2,639	90,791

As at 1 June 2024	75,140	25,329	6,368	2,980	109,817

5. Stocks

	2025	2024
	£	£
Stock	2,000	2,000
Work in progress - Building plot 2 and plot 1	365,792	-

	367,792	2,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	109,360	84,791
Other debtors	66,213	112,637

	175,573	197,428

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A RATED WINDOWS SOUTH EAST LTD.

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	206,437	27,059
Other creditors	34,752	35,848
Taxation and social security	74,965	4,926

	316,154	67,833

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	39,846	50,033

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 June 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 May 2025
	£	£	£	£	£
Mr ROSS AUSTIN	4,669	4,417	-	-	9,086

During the year, an advance of £4,417 was made to Ross Austin, a director of the company. The amount is repayable on demand and no interest has been charged.

11. Related Party Transactions

During the accounting period, A Rated Lettings repaid part of the loan on behalf of A Rated Windows Ltd by making payments totalling £41,825. This comprised £41,550 paid to Austin Smith Homes in relation to the construction of Mongeham, Plot 1, which is included within closing stock work in progress, and £275 in respect of costs incurred to set up a new bank account for A Rated Windows Ltd.

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A RATED WINDOWS SOUTH EAST LTD.

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

12. Transition to FRS 102

The financial statements for the year ended 31 May 2025 are the first financial statements that the company has prepared in accordance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

For the year ended 31 May 2024, the company prepared its financial statements in accordance with FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The company has transitioned to FRS 102 Section 1A with a transition date of 1 June 2023, being the beginning of the earliest comparative period presented in these financial statements.

The transition to FRS 102 Section 1A has been accounted for in accordance with Section 35 Transition to this FRS. The accounting policies set out in these financial statements have been applied consistently to all periods presented, unless otherwise stated.

The directors have reviewed the recognition, measurement and presentation differences between FRS 105 and FRS 102 Section 1A. No material adjustments were required to the company’s assets, liabilities, equity or profit and loss as a result of the transition. Accordingly, the previously reported reserves at 1 June 2023 and 31 May 2024, and the previously reported profit or loss for the year ended 31 May 2024, remain unchanged.

At 1 June 2023 At 31 May 2024 £

Equity as previously reported under FRS 105 109,970 198,352

Transition adjustments — —

Equity as restated under FRS 102 Section 1A 109,970 198,352

Reconciliation of profit or loss for the comparative year

YE 31 May 2024 £

Profit / loss as previously reported under FRS 105 114,652

Transition adjustments —

Profit / loss as restated under FRS 102 Section 1A 114,652

The transition adjustments shown above are £Nil because the directors consider that the change from FRS 105 to FRS 102 Section 1A has not resulted in any material change to the recognition or measurement of the company’s assets, liabilities, income or expenses.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		90,791		109,817

			90,791		109,817
CURRENT ASSETS
Stocks	5	367,792		2,000
Debtors	6	175,573		197,428
Cash at bank and in hand		85,282		7,073

		628,647		206,501
Creditors: Amounts Falling Due Within One Year	7	(316,154 )		(67,833 )

NET CURRENT ASSETS (LIABILITIES)			312,493		138,668

TOTAL ASSETS LESS CURRENT LIABILITIES			403,284		248,485

Creditors: Amounts Falling Due After More Than One Year	8		(39,846 )		(50,033 )

NET ASSETS			363,438		198,452

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			363,338		198,352

SHAREHOLDERS' FUNDS			363,438		198,452