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Registration number: 04240118

Trade Windows (Preston) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Trade Windows (Preston) Limited

Contents

Company Information | 1
Statement of Financial Position | 2
Notes to the Unaudited Financial Statements | 3 to 10

Trade Windows (Preston) Limited

Company Information

Directors | Mrs P O'Donnell Mrs J Sharkey

Company secretary | Mr M O'Donnell

Registered office | 316 Blackpool Road Fulwood Preston Lancashire England PR2 3AE

Accountants | McDade Roberts Accountants Ltd Chartered Accountants316 Blackpool Road Preston Lancashire PR2 3AE

Trade Windows (Preston) Limited

(Registration number: 04240118)
Statement of Financial Position as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 38,784 | 67,708
Current assets |  |  |
Stocks | 5 | 51,119 | 114,675
Debtors | 6 | 320,471 | 597,794
Cash at bank and in hand |  | 990,589 | 1,390,545
|  | 1,362,179 | 2,103,014
Creditors: Amounts falling due within one year | 7 | (209,009) | (922,615)
Net current assets |  | 1,153,170 | 1,180,399
Total assets less current liabilities |  | 1,191,954 | 1,248,107
Provisions for liabilities |  | (9,696) | (16,927)
Net assets |  | 1,182,258 | 1,231,180
Capital and reserves |  |  |
Called up share capital |  | 102 | 102
Retained earnings |  | 1,182,156 | 1,231,078
Shareholders' funds |  | 1,182,258 | 1,231,180

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 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 4 August 2026 and signed on its behalf by:

......................................... Mrs J Sharkey Director

Trade Windows (Preston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

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

The address of its registered office is:
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE
England

These financial statements were authorised for issue by the Board on 4 August 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 except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

Trade Windows (Preston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% on cost
Fixtures and fittings | 20% on cost
Motor Vehicles | 25% on cost
Office equipment | 20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Windows (Preston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
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. Accounts payable 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 income statement 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.

Trade Windows (Preston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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 statement of financial position as a finance lease obligation.
Lease payments are apportioned between finance costs in the income statement 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. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 declared.

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.

Trade Windows (Preston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.
The liability recognised in the statement of financial position in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.
Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

Trade Windows (Preston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £
Cost or valuation
At 1 January 2025 | 9,843 | 2,950 | 23,850 | 161,532
Additions | 970 | 438 | 2,123 | -
Disposals | (6,681) | (2,950) | (12,547) | -
At 31 December 2025 | 4,132 | 438 | 13,426 | 161,532
Depreciation
At 1 January 2025 | 9,842 | 2,950 | 17,521 | 100,154
Charge for the year | 194 | 88 | 2,685 | 29,075
Eliminated on disposal | (6,680) | (2,950) | (12,135) | -
At 31 December 2025 | 3,356 | 88 | 8,071 | 129,229
Carrying amount
At 31 December 2025 | 776 | 350 | 5,355 | 32,303
At 31 December 2024 | 1 | - | 6,329 | 61,378

| Total £
Cost or valuation
At 1 January 2025 | 198,175
Additions | 3,531
Disposals | (22,178)
At 31 December 2025 | 179,528
Depreciation
At 1 January 2025 | 130,467
Charge for the year | 32,042
Eliminated on disposal | (21,765)
At 31 December 2025 | 140,744
Carrying amount
At 31 December 2025 | 38,784
At 31 December 2024 | 67,708

Trade Windows (Preston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 51,119 | 114,675

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 144,371 | 458,376
Prepayments | 16,024 | 13,198
Other debtors | 160,076 | 126,220
| 320,471 | 597,794

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | - | 5,267
Trade creditors |  | 125,768 | 351,675
Taxation and social security |  | 16,488 | 229,768
Accruals and deferred income |  | 52,425 | 303,945
Other creditors |  | 14,328 | 31,960
|  | 209,009 | 922,615

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | - | 5,267

9 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

Trade Windows (Preston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

9 | Obligations under leases and hire purchase contracts (continued)

| 2025 £ | 2024 £
Not later than one year | 2,458 | 1,400

10 | Related party transactions

Summary of transactions with other related parties

At the year end date the company had a other debtor outstanding balance to a company with a common shareholder of £139,326 (2024 £106,126). This debtor balance is interest free and repayable on demand.