Company registration number 02640348 (England and Wales)
Tower Windows Limited
Unaudited Financial Statements
For the year ended 31 March 2026
Tower Windows Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
Tower Windows Limited
Statement Of Financial Position
As at 31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
4
8,531
-
0
Tangible assets
5
121,642
88,577
130,173
88,577
Current assets
Stocks
18,668
20,173
Debtors
6
371,328
277,770
Cash at bank and in hand
199,112
53,331
589,108
351,274
Creditors: amounts falling due within one year
7
(415,790)
(267,171)
Net current assets
173,318
84,103
Total assets less current liabilities
303,491
172,680
Creditors: amounts falling due after more than one year
8
(37,210)
(54,741)
Provisions for liabilities
(17,778)
(12,928)
Net assets
248,503
105,011
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
247,503
104,011
Total equity
248,503
105,011
Tower Windows Limited
Statement Of Financial Position (continued)
As at 31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 August 2026 and are signed on its behalf by:
Mr D Beaver
Director
Company registration number 02640348 (England and Wales)
Tower Windows Limited
Notes to the financial statements
For the year ended 31 March 2026
- 3 -
1
Accounting policies
Company information

Tower Windows Limited is a private company limited by shares incorporated in England and Wales. The company's registered number is 02640348 and the registered office address is Unit 5 Stephen Gray Road, Bromfield Industrial Estate, Mold, Flintshire, Wales, CH7 1HE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the aggregate of the fair value of sale of goods and services provided, net of value added tax, rebates and discounts, plus an appropriate proportion of maintenance contract income provided during the period. Turnover is recognised as follows:-

Turnover from the sale of goods is recognised when the customer collects the goods or the company has delivered and installed products to the customer and collectability of the related receivables is fairly stated.

Service turnover is recognised as those services are provided to customers.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
33.33% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tower Windows Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10% straight line
Plant and equipment
10% straight line
Fixtures and fittings
10% straight line
Computers
33% straight line
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The residual values, estimated useful lives and depreciation method of tangible fixed assets are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Net realisable value is estimated selling price less costs to complete and sell.

Cost includes any expenditure incurred in bringing the stock to its present location and condition. The cost comprises of actual purchase price.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Tower Windows Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
- 5 -

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

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

1.9
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.10

Operating leases

Rentals paid under operating leases are charged to the income statement on a straight-line basis over the period of the lease.

1.11

Dividends

Equity dividends are recognised when they become legally payable and are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised. The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Making judgement based on historical experience on the level of provision required for bad debts. Further information received after the statement of financial position date may impact on the level of provision required.

Making judgement based on historical experience on the level of provision required for impairment of stocks. Further information received after the statement of financial position date may impact on the level of provision required.

Tower Windows Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
12
7
4
Intangible fixed assets
Other
£
Cost
At 1 April 2025
-
0
Additions
10,125
At 31 March 2026
10,125
Amortisation and impairment
At 1 April 2025
-
0
Amortisation charged for the year
1,594
At 31 March 2026
1,594
Carrying amount
At 31 March 2026
8,531
At 31 March 2025
-
0
Tower Windows Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 7 -
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2025
-
0
127,224
127,224
Additions
44,397
13,703
58,100
At 31 March 2026
44,397
140,927
185,324
Depreciation and impairment
At 1 April 2025
-
0
38,647
38,647
Depreciation charged in the year
919
24,116
25,035
At 31 March 2026
919
62,763
63,682
Carrying amount
At 31 March 2026
43,478
78,164
121,642
At 31 March 2025
-
0
88,577
88,577
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
44,411
47,661
Other debtors
326,917
230,109
371,328
277,770
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
165,996
93,517
Taxation and social security
222,235
143,622
Other creditors
27,559
30,032
415,790
267,171
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
37,210
54,741
Tower Windows Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 8 -
9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
Total commitments
-
0
45,000
10
Directors' transactions

Included within debtors due within one year is a director's loan account balance of £241,290 (2025: £169,695). The advance is unsecured, repayable on demand and interest free. The maximum overdrawn balance in the period was £241,290. There have be no advances in the period which the director's consider to be material.

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