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Registrar

Registration number: 03670520

Abacus Windows Commercial Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Abacus Windows Commercial Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Abacus Windows Commercial Limited

Company Information

Directors | I Ferguson

Registered office | Abacus House 29A Robjohns Road Widford Industrial Estate Chelmsford Essex CM1 3AG

Bankers | Barclays Bank Plc Witham Business Centre PO Box 3692 Witham Essex CM8 2AT

Accountants | Lambert Chapman LLP Chartered Accountants 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Abacus Windows Commercial Limited

(Registration number: 03670520)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 285,502 | 306,312
Current assets |  |  |
Stocks | 5 | 142,000 | 120,000
Debtors | 6 | 495,817 | 136,191
Cash at bank and in hand |  | 326,213 | 254,242
|  | 964,030 | 510,433
Creditors: Amounts falling due within one year | 7 | (893,308) | (559,752)
Net current assets/(liabilities) |  | 70,722 | (49,319)
Total assets less current liabilities |  | 356,224 | 256,993
Creditors: Amounts falling due after more than one year | 7 | (142,178) | (79,132)
Provisions for liabilities |  | (67,456) | (76,578)
Net assets |  | 146,590 | 101,283
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 146,490 | 101,183
Shareholders' funds |  | 146,590 | 101,283

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 July 2026

I Ferguson
Director

Abacus Windows Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: Abacus House, 29A Robjohns Road, Widford Industrial Estate, Chelmsford, Essex, CM1 3AG.

These financial statements were authorised for issue by the director on 31 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of double glazing in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Abacus Windows Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

2 | Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Improvements to property | 10% straight line basis
Office equipment and fixtures | 50% straight line basis and 25% reducing balance basis
Motor vehicles | 25% reducing balance basis
Plant and machinery | 10% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Abacus Windows Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

2 | Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are paid.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Long term employee benefits

The holiday year for Abacus Windows Commercial Limited ends at 31 December 2025.
Any unused holiday can only be carried forward at the discretion of the directors. The cost of any unused entitlement is recognised in the period in which the employee's services are received.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 24 (2024 - 22).

Abacus Windows Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

4 | Tangible assets

| Improvements to Property £ | Office equipment and fixtures £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 December 2024 | 78,383 | 57,045 | 86,268 | 316,110 | 537,806
Additions | - | - | 19,999 | - | 19,999
At 30 November 2025 | 78,383 | 57,045 | 106,267 | 316,110 | 557,805
Depreciation
At 1 December 2024 | 36,383 | 53,998 | 27,889 | 113,224 | 231,494
Charge for the year | 5,144 | 781 | 14,595 | 20,289 | 40,809
At 30 November 2025 | 41,527 | 54,779 | 42,484 | 133,513 | 272,303
Carrying amount
At 30 November 2025 | 36,856 | 2,266 | 63,783 | 182,597 | 285,502
At 30 November 2024 | 42,000 | 3,047 | 58,379 | 202,886 | 306,312

5 | Stocks

| 2025 £ | 2024 £
Stock and works in progress | 142,000 | 120,000

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 356,507 | 67,180
Directors loan account | 11 | - | 699
Other debtors |  | 41,536 | 40,807
Prepayments |  | 97,774 | 27,505
|  | 495,817 | 136,191

Abacus Windows Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 395,588 | 297,640
Loans and borrowings | 9 | 55,420 | 30,567
Other creditors |  | 171,872 | 87,181
Taxation and social security |  | 267,003 | 123,300
Accruals and deferred income |  | 3,425 | 21,064
|  | 893,308 | 559,752

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £26,363 (2024 - £20,567)

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 142,178 | 79,132

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £66,350 (2024 - £72,464).

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £1 each | 70 | 70 | 70 | 70
Ordinary B Shares of £1 each | 10 | 10 | 10 | 10
Ordinary C Shares of £1 each | 10 | 10 | 10 | 10
Ordinary D Shares of £1 each | 10 | 10 | 10 | 10
| 100 | 100 | 100 | 100

Abacus Windows Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 29,057 | 10,000
Hire purchase contracts | 26,363 | 20,567
| 55,420 | 30,567

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 75,828 | 6,668
Hire purchase contracts | 66,350 | 72,464
| 142,178 | 79,132

10 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £820,000 (2024 - £940,000).

11 | Related party transactions

Transactions with the director

2025 | At 1 December 2024 £ | Advances to director £ | Repayments by director £ | At 30 November 2025 £
| 699 | 393,447 | (394,438) | (292)

2024 | At 1 December 2023 £ | Advances to director £ | Repayments by director £ | At 30 November 2024 £
| 30,699 | 139,100 | (169,100) | 699

The directors loan account is unsecured, interest free and repayable on demand.
Additionally, the director has provided a personal guarantee for a company loan to the value of £98,217.