UK Doors Online Limited

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

1. General Information

UK Doors Online Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12580322 . The registered office is Low Mill Lane, Ravensthorpe, West Yorkshire, England, WF13 3LN.

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. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to residual value on a straight line basis over their expected useful economic lives.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Leasehold	10% per annum of lease cost
Plant & Machinery	20% per annum of cost
Motor Vehicles	25% per annum of cost
Fixtures & Fittings	25% per annum of cost

2.5. 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.

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UK Doors Online Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.6. 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.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 58 (2024: 34)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 June 2024	17,050
Additions	54,323

As at 31 May 2025	71,373

Net Book Value
As at 31 May 2025	71,373

As at 1 June 2024	17,050

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 June 2024	171,510	261,714	256,719	51,325	741,268
Additions	6,305	107,520	43,495	18,512	175,832

As at 31 May 2025	177,815	369,234	300,214	69,837	917,100

Depreciation
As at 1 June 2024	46,466	109,928	133,936	22,449	312,779
Provided during the period	17,748	59,162	57,847	13,822	148,579

As at 31 May 2025	64,214	169,090	191,783	36,271	461,358

Net Book Value
As at 31 May 2025	113,601	200,144	108,431	33,566	455,742

As at 1 June 2024	125,044	151,786	122,783	28,876	428,489

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UK Doors Online Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

6. Investments

	Subsidiaries
	£
Cost
As at 1 June 2024	1,456,864
Disposals	(1,456,864 )

As at 31 May 2025	-

Provision
As at 1 June 2024	-

As at 31 May 2025	-

Net Book Value
As at 31 May 2025	-

As at 1 June 2024	1,456,864

During the year, the company disposed of its 100% holding in the issued share capital of SGG Manufacturing Limited to Pylbrook Holdco Limited. The disposal was effected at a consideration of £1,520,000, supported by an independent valuation of SGG Manufacturing Limited obtained at the date of sale.

The consideration of £1,520,000 was settled as follows: £1,484,575.82 by way of the release and assignment of loan account balances previously owed by the company to the shareholders of Pylbrook Holdco Limited and to other companies under their common control. The remaining balance of £35,424.18 was left outstanding at the reporting date and is recognised within debtors. The outstanding balance is unsecured, interest-free and has no fixed date of repayment.

The disposal resulted in a profit on disposal of investments of £63,136, being the excess of the consideration of £1,520,000 over the carrying amount of £1,456,864, which has been recognised in the profit and loss account.

7. Stocks

	2025	2024
	£	£
Stock	540,890	480,040

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	594,834	500,150
Other debtors	115,182	4,493

	710,016	504,643
Due after more than one year
Amounts owed by group undertakings	1,208,256	419,814
Other debtors	-	2,000

	1,208,256	421,814

	1,918,272	926,457

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UK Doors Online Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	704,561	646,657
Other creditors	200,940	36,324
Taxation and social security	315,254	257,012

	1,220,755	939,993

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	201,314	264,302
Amounts owed to group undertakings	-	837,560
Other creditors	271,950	-

	473,264	1,101,862

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	201,314	264,302

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4,000	4,000

13. Related Party Transactions

During the year the company purchased goods totalling £148,085.65 from UKO Glass Limited. At the reporting date, the company owed UKO Glass Limited £90,630.80 included within trade creditors. UKO Glass Limited also owed the company £90,346.48 by way of a loan. The loan is unsecured, interest-free and has no fixed date of repayment. Mr Glover and Ms Erskine were directors of both companies during the year.

During the year the company purchased goods totalling £19,542.23 from UK Rooflights Online Limited. At the reporting date, the company owed UK Rooflights Online Limited £18,916.39 included within trade creditors. UK Rooflights Limited also owed the company £130,605.69 by way of a loan. The loan is unsecured, interest-free and has no fixed date of repayment. Mr Glover and Ms Erskine were directors of both companies during the year.

UKO Group Limited owed the company £5,107.96 by way of a loan. The loan is unsecured, interest-free and has no fixed date of repayment. Mr Glover and Ms Erskine were directors of both companies during the year.

During the year the company sold goods totalling £211,858.99 to Trade Window Centre Limited and purchased goods totalling £628,875.92 from the same company. At the reporting date, Trade Window Centre Limited owed the company £75,275.08, included within trade creditors. Trade Window Centre Limited also owed the company £513,843.32 by way of a loan. The loan is unsecured, interest-free and has no fixed date of repayment. Mr Glover and Ms Erskine were directors of both companies during the year.

During the year the company purchased goods totalling £296,222.15 from Performance Glass Processing Limited. Mr Glover and Ms Erskine were directors of both companies during the year.

Performance Glass Processing Limited is a company under common control with UK Doors Online Limited through a shared director. UK Doors Online Limited advanced funds to Performance Glass Processing Limited to enable it to meet its operating obligations. Performance Glass Processing Limited entered liquidation during the financial year, and the directors consider no amount to be recoverable. Accordingly, the amount owed of £472,832 has been written off in full and is included within other operating expenses. The balance outstanding at the balance sheet date is £nil.

...CONTINUED

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UK Doors Online Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

13. Related Party Transactions - continued

During the year the company sold goods totalling £2,335.46 to SGG Manufacturing Limited and purchased goods totalling £137,335.7 from the same company. Mr Nurse was a director of both companies during the year.

During the year the company sold goods totalling £1,516,498.06 to Alunet Systems Limited. At the reporting date, the company owed Alunet Systems Limited £274,980.18 included within trade creditors. Mr Nurse was a director of both companies during the year.

During the year the company purchased goods totalling £3,766.25 from JDUK Investments Limited. Mr Nurse was a director of both companies during the year.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		71,373		17,050
Tangible Assets	5		455,742		428,489
Investments	6		-		1,456,864

			527,115		1,902,403
CURRENT ASSETS
Stocks	7	540,890		480,040
Debtors	8	1,918,272		926,457
Cash at bank and in hand		135,553		334,969

		2,594,715		1,741,466
Creditors: Amounts Falling Due Within One Year	9	(1,220,755 )		(939,993 )

NET CURRENT ASSETS (LIABILITIES)			1,373,960		801,473

TOTAL ASSETS LESS CURRENT LIABILITIES			1,901,075		2,703,876

Creditors: Amounts Falling Due After More Than One Year	10		(473,264 )		(1,101,862 )

NET ASSETS			1,427,811		1,602,014

CAPITAL AND RESERVES
Called up share capital	12		4,000		4,000
Profit and Loss Account			1,423,811		1,598,014

SHAREHOLDERS' FUNDS			1,427,811		1,602,014