Williams Window Fabrication Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Williams Window Fabrication Limited is a private company, limited by shares, incorporated in Scotland, registered number SC163160 . The registered office is 60 Beardmore Way, Clydebank, G81 4HT.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible asset is software. It is amortised to the profit and loss account over its estimated economic life of four years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Motor Vehicles	20% Straight Line
Computer Equipment	25% Reducing Balance

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Williams Window Fabrication Limited

Notes to the Financial Statements (continued)

For the Period 1 March 2025 to 31 December 2025

2.7. Financial Instruments

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 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.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

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

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

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Williams Window Fabrication Limited

Notes to the Financial Statements (continued)

For the Period 1 March 2025 to 31 December 2025

2.10. Financial instruments

Cash and cash equivalents

Trade debtors

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

Trade creditors

liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method

2.11. Change of accounting reference date

During the period, the company changed its accounting reference date from 28 February to 31 December.

As a result, the current financial statements cover a 10 month period from 1 March 2025 to 31 December 2025, whereas the comparative figures relate to a 12 month period ended 28 February 2025.

Consequently, the amounts presented in the statement of comprehensive income are not directly comparable between the two periods. The change in accounting reference date has no impact on the recognition or measurement of assets, liabilities, income or expenses, other than the difference in the length of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 12 (2025: 14)

4. Intangible Assets

	Other
	£
Cost
As at 1 March 2025	6,200

As at 31 December 2025	6,200

Amortisation
As at 1 March 2025	1,281
Provided during the period	1,025

As at 31 December 2025	2,306

Net Book Value
As at 31 December 2025	3,894

As at 1 March 2025	4,919

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Williams Window Fabrication Limited

Notes to the Financial Statements (continued)

For the Period 1 March 2025 to 31 December 2025

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2025	77,690	53,635	4,401	135,726
Additions	2,769	1,300	-	4,069

As at 31 December 2025	80,459	54,935	4,401	139,795

Depreciation
As at 1 March 2025	66,738	26,319	2,902	95,959
Provided during the period	2,526	5,159	312	7,997

As at 31 December 2025	69,264	31,478	3,214	103,956

Net Book Value
As at 31 December 2025	11,195	23,457	1,187	35,839

As at 1 March 2025	10,952	27,316	1,499	39,767

6. Stocks

	31 December 2025	28 February 2025
	£	£
Stock	82,000	79,853

7. Debtors

	31 December 2025	28 February 2025
	£	£
Due within one year
Trade debtors	45,077	47,939
Other debtors	3,765	617,000

	48,842	664,939

8. Creditors: Amounts Falling Due Within One Year

	31 December 2025	28 February 2025
	£	£
Trade creditors	53,768	48,792
Other creditors	11,859	18,711
Taxation and social security	106,019	82,809

	171,646	150,312

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Williams Window Fabrication Limited

Notes to the Financial Statements (continued)

For the Period 1 March 2025 to 31 December 2025

9. Share Capital

	31 December 2025	28 February 2025
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

As the company is a wholly owned subsidairy, the directors have taken advantage of the exemption from disclosing related party transactions with other wholly owned group caompanies, in accordance with FRS102.

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		31 December 2025		28 February 2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		3,894		4,919
Tangible Assets	5		35,839		39,767

			39,733		44,686
CURRENT ASSETS
Stocks	6	82,000		79,853
Debtors	7	48,842		664,939
Cash at bank and in hand		39,730		25,308

		170,572		770,100
Creditors: Amounts Falling Due Within One Year	8	(171,646 )		(150,312 )

NET CURRENT ASSETS (LIABILITIES)			(1,074 )		619,788

TOTAL ASSETS LESS CURRENT LIABILITIES			38,659		664,474

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,960 )		-

NET ASSETS			29,699		664,474

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			29,599		664,374

SHAREHOLDERS' FUNDS			29,699		664,474