|
Registered number: 04688803
RADCLIFFE GLASS & WINDOWS LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
RADCLIFFE GLASS & WINDOWS LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report with the financial statements of the company for the year ended 31 December 2025.
The principal activity of the company continued to be that of the installation of windows, doors, conservatories, extensions and associated home improvement products.
2025 represented another highly successful year for Radcliffe Glass & Windows Ltd and marked a transformational year in the company's continued development following over 46 years of continuous trading.
Despite ongoing economic uncertainty, inflationary pressures and challenging trading conditions affecting many sectors of the UK economy, the company delivered strong growth across all key performance indicators. Turnover increased by 14.31%, net profit increased by 6.73% and total assets increased by 2.79% when compared to the previous financial year.
The Directors are particularly pleased with this performance as it was achieved whilst undertaking one of the largest strategic investment programmes in the company's history. During the year, approximately £100,000 was invested into a complete company rebrand, new signage, vehicle livery, showroom improvements, marketing assets, website development and wider operational enhancements. Significantly, this investment was funded entirely through the company's own working capital without the need for additional borrowing.
A key milestone during the year was the successful transition to trading under the RADGAW brand. Whilst maintaining the heritage, reputation and trust associated with the Radcliffe Glass & Windows name, the new trading style reflects the company's broader ambitions and future growth plans. The Directors are pleased with both customer and market response to the rebrand and believe it provides a strong platform for future expansion.
The company also enjoyed a landmark year in terms of industry recognition. Following previous national success, the business secured two prestigious national industry awards during 2025, further reinforcing its position as one of the leading installers in the United Kingdom. These achievements provide independent recognition of the quality of the company's products, workmanship, customer service and operational standards.
The Directors are particularly pleased to report that the company's long-term strategy of strengthening the balance sheet has continued to deliver excellent results. Following several years of disciplined financial management and strategic planning, the company successfully completed its programme of debt reduction during the year, eliminating external long-term bank borrowing and significantly improving its financial resilience. This achievement provides greater flexibility to pursue future investment opportunities whilst maintaining a prudent financial position.
The sustained success of Radcliffe Glass & Windows Ltd continues to be driven by the experience of its Directors, the dedication of its team, strong supplier relationships, ongoing operational improvements and a commitment to delivering high-quality products and customer service. Investments made in recent years in operational software, showroom facilities and business infrastructure continue to improve efficiencies and enhance the customer experience.
The Directors remain committed to balancing future growth opportunities with sound financial management and believe the company is exceptionally well positioned for continued success.
Page 1
|
|
RADCLIFFE GLASS & WINDOWS LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report:
Mrs K Powers
Mr C Powers
HOW DID RADCLIFFE GLASS & WINDOWS ARRIVE AT THIS POINT
|
The extensive experience of the company's long-serving Directors has enabled the business to successfully navigate changing market conditions, legislative requirements and economic challenges over many years. The trust built with customers, employees and suppliers throughout more than four decades of continuous trading remains one of the company's greatest assets.
The strategic decisions taken in recent years to improve operational efficiency, strengthen the balance sheet and invest for the future have created a solid foundation for sustainable long-term growth. The success achieved during 2025 demonstrates the effectiveness of this approach and provides confidence for the years ahead.
In 2026, Radcliffe Glass & Windows Ltd intends to build upon the successes achieved during 2025 by concentrating on the following key areas:
Additional Showroom Site
Further Operational Software Development
Investment in Vehicle Fleet Modernisation
Existing Showroom Enhancement and Product Expansion
Online Marketing Development
Further Team Development
Page 2
|
|
RADCLIFFE GLASS & WINDOWS LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Additional Showroom Expansion - Following the success of the RADGAW rebrand and continued business growth, the company intends to open an additional showroom location to increase market coverage, improve customer accessibility and support future expansion plans.
Operational Software Development - Continued investment in technology and software systems will further improve operational efficiencies, enhance the customer journey and provide additional management information to support future growth.
Vehicle Fleet Modernisation - The company intends to continue investing in its vehicle fleet to improve reliability, efficiency and brand visibility whilst supporting operational requirements.
Showroom Enhancement and Product Expansion - The company will continue investing in its existing showroom facilities and premium product displays, ensuring customers can experience the latest products and innovations available within the industry.
Online Marketing Development - Building upon the success of the RADGAW brand launch, further investment will be made into digital marketing, website development and online customer engagement initiatives to increase market reach and brand awareness.
Further Team Development - The company remains committed to developing its people through ongoing training, recruitment and professional development programmes, ensuring that customer service and technical expertise remain at the highest standards.
The Directors believe that the significant investments made during 2025, together with the company's strengthened balance sheet, award-winning reputation and established market position, provide an excellent platform for continued growth and success throughout 2026 and beyond.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
Mr C Powers - Director
Page 3
|
|
RADCLIFFE GLASS & WINDOWS LTD
REGISTERED NUMBER: 04688803
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
Net current (liabilities)/assets
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
|
|
|
|
|
Provisions for liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Page 4
|
|
RADCLIFFE GLASS & WINDOWS LTD
REGISTERED NUMBER: 04688803
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 April 2026.
The notes on pages 6 to 13 form part of these financial statements.
Page 5
|
|
RADCLIFFE GLASS & WINDOWS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Radcliffe Glass & Windows is a private company limited by shares, registered in the United Kingdom, company number 04688803. It's registered office is 3 Lodge Road, Radcliffe, M26 1AL.
2.Accounting policies
|
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
∙the Company has transferred the significant risks and rewards of ownership to the buyer;
∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
Page 6
|
|
RADCLIFFE GLASS & WINDOWS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
|
|
|
Operating leases: the Company as lessee
|
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
Page 7
|
|
RADCLIFFE GLASS & WINDOWS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
|
|
|
Current and deferred taxation
|
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term leasehold property
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Page 8
|
|
RADCLIFFE GLASS & WINDOWS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a SELECT OR ENTER METHOD basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is 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.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
|
|
|
Cash and cash equivalents
|
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
|
|
|
Provisions for liabilities
|
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
|
|
The average monthly number of employees, including directors, during the year was 12 (2024 - 12).
|
Page 9
|
|
RADCLIFFE GLASS & WINDOWS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
|
Long-term leasehold property
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charge for the year on owned assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Page 10
|
|
RADCLIFFE GLASS & WINDOWS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
4.Tangible fixed assets (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charge for the year on owned assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prepayments and accrued income
|
|
|
|
|
|
|
|
|
|
|
|
|
Page 11
|
|
RADCLIFFE GLASS & WINDOWS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
Cash and cash equivalents
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other taxation and social security
|
|
|
|
|
Obligations under finance lease and hire purchase contracts
|
|
|
|
|
|
|
|
|
|
Accruals and deferred income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net obligations under finance leases and hire purchase contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hire purchase and finance leases
|
|
|
Minimum lease payments under hire purchase fall due as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Page 12
|
|
RADCLIFFE GLASS & WINDOWS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
Charged to profit or loss
|
|
|
|
|
|
|
The provision for deferred taxation is made up as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accelerated capital allowances
|
|
|
|
|
|
|
|
|
|
|
|
|
Page 13
|