Company No: 07060537 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	535,694		595,216
Tangible assets	4	36,320		58,018
		572,014		653,234
Current assets
Stocks		356,015		344,153
Debtors	5	30,375		30,781
Cash at bank and in hand		1,270,806		1,240,525
		1,657,196		1,615,459
Creditors: amounts falling due within one year	6	( 452,112)		( 386,177)
Net current assets		1,205,084		1,229,282
Total assets less current liabilities		1,777,098		1,882,516
Provision for liabilities		( 7,028)		( 12,378)
Net assets		1,770,070		1,870,138
Capital and reserves
Called-up share capital	7	80		80
Profit and loss account		1,769,990		1,870,058
Total shareholder's funds		1,770,070		1,870,138

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Exeter Window Store Limited (registered number: 07060537) were approved and authorised for issue by the Board of Directors on 22 June 2026. They were signed on its behalf by:

Mr M Jones Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Exeter Window Store Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Camel Glass & Joinery Ltd, Trenant Industrial Estate, Wadebridge, PL27 6HB, United Kingdom. The principal place of business is 10-11 Apple Lane, Sidmouth Road, Exeter, Devon, EX2 5GL.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

25 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 25 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Vehicles	4 years straight line
Fixtures and fittings	4 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	15		15

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2025	1,488,046		1,488,046
At 31 December 2025	1,488,046		1,488,046
Accumulated amortisation
At 01 January 2025	892,830		892,830
Charge for the financial year	59,522		59,522
At 31 December 2025	952,352		952,352
Net book value
At 31 December 2025	535,694		535,694
At 31 December 2024	595,216		595,216

4. Tangible assets

	Vehicles		Fixtures and fittings		Total
	£		£		£
Cost
At 01 January 2025	111,034		75,419		186,453
Additions	0		1,219		1,219
Disposals	0		( 3,839)		( 3,839)
At 31 December 2025	111,034		72,799		183,833
Accumulated depreciation
At 01 January 2025	60,825		67,610		128,435
Charge for the financial year	16,736		6,181		22,917
Disposals	0		( 3,839)		( 3,839)
At 31 December 2025	77,561		69,952		147,513
Net book value
At 31 December 2025	33,473		2,847		36,320
At 31 December 2024	50,209		7,809		58,018

5. Debtors

	2025		2024
	£		£
Trade debtors	0		120
Other debtors	30,375		30,661
	30,375		30,781

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	132,739		107,623
Taxation and social security	293,188		250,460
Other creditors	26,185		28,094
	452,112		386,177

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
80 Ordinary A shares of £ 1.00 each	80		80

8. Ultimate controlling party

Parent Company:

EWS Holdco Ltd

Francis Clark LLP, Melville Building East, Royal William Yard, Plymouth, Devon, United Kingdom, PL1 3RP