Quality Trade Windows Ltd. Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC246469

Quality Trade Windows Ltd.

Filleted Unaudited Financial Statements

31 March 2026

Quality Trade Windows Ltd.

Financial Statements

Year ended 31 March 2026

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Quality Trade Windows Ltd.

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Quality Trade Windows Ltd.

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Quality Trade Windows Ltd. for the year ended 31 March 2026, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Quality Trade Windows Ltd., as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Quality Trade Windows Ltd. and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quality Trade Windows Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Quality Trade Windows Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Quality Trade Windows Ltd.. You consider that Quality Trade Windows Ltd. is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Quality Trade Windows Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

27 August 2026

Quality Trade Windows Ltd.

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Intangible assets	5	2,712	5,072
Tangible assets	6	130,812	161,996
Investments	7	2	2
		---------	---------
		133,526	167,070

Current assets

Stocks		90,000	76,600
Debtors	8	74,986	60,909
Cash at bank and in hand		170,825	193,443
		---------	---------
		335,811	330,952

Creditors: amounts falling due within one year	9	287,960		239,649
		---------		---------
Net current assets			47,851	91,303
			---------	---------
Total assets less current liabilities			181,377	258,373

Creditors: amounts falling due after more than one year	10		–	1,667

Provisions

Taxation including deferred tax	30,411	37,740
	---------	---------
Net assets	150,966	218,966
	---------	---------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	140,966	208,966
	---------	---------
Shareholders funds	150,966	218,966
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Quality Trade Windows Ltd.

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 27 August 2026 , and are signed on behalf of the board by:

Mrs E Philip

Director

Company registration number: SC246469

Quality Trade Windows Ltd.

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	10% straight line
Software	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	10% straight line
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits

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

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2025: 13 ).

5. Intangible assets

	Goodwill	Software	Total
	£	£	£
Cost
At 1 April 2025 and 31 March 2026	300,000	9,440	309,440
	---------	-------	---------
Amortisation
At 1 April 2025	300,000	4,368	304,368
Charge for the year	–	2,360	2,360
	---------	-------	---------
At 31 March 2026	300,000	6,728	306,728
	---------	-------	---------
Carrying amount
At 31 March 2026	–	2,712	2,712
	---------	-------	---------
At 31 March 2025	–	5,072	5,072
	---------	-------	---------

6. Tangible assets

	Property imp'ts	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2025	43,083	327,865	22,416	118,370	511,734
Additions	–	–	7,497	–	7,497
	--------	---------	--------	---------	---------
At 31 March 2026	43,083	327,865	29,913	118,370	519,231
	--------	---------	--------	---------	---------
Depreciation
At 1 April 2025	9,666	250,588	15,020	74,464	349,738
Charge for the year	4,308	19,320	4,077	10,976	38,681
	--------	---------	--------	---------	---------
At 31 March 2026	13,974	269,908	19,097	85,440	388,419
	--------	---------	--------	---------	---------
Carrying amount
At 31 March 2026	29,109	57,957	10,816	32,930	130,812
	--------	---------	--------	---------	---------
At 31 March 2025	33,417	77,277	7,396	43,906	161,996
	--------	---------	--------	---------	---------

7. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2025 and 31 March 2026	2
	----
Impairment
At 1 April 2025 and 31 March 2026	–
	----

Carrying amount
At 31 March 2026	2
	----
At 31 March 2025	2
	----

Details of the company's subsidiaries at 31 March 2026 are as follows:

Name of undertaking - Bi-Fold Doors (Scotland) Limited

Registered Office - 216 West George Street, Glasgow, Scotland G2 2PQ

Class of shares held - Ordinary

% held Direct - 100%

Name of undertaking - Sash Windows Scotland Limited

Registered Office - 216 West George Street, Glasgow, Scotland G2 2PQ

Class of shares held - Ordinary

% held Direct - 100%

8. Debtors

	2026	2025
	£	£
Trade debtors	70,343	54,964
Prepayments and accrued income	4,643	5,745
Other debtors	–	200
	--------	--------
	74,986	60,909
	--------	--------

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	1,667	10,000
Trade creditors	96,385	90,213
Amounts owed to group undertakings	199	799
Accruals and deferred income	137,540	80,672
Corporation tax	16,123	18,145
Social security and other taxes	33,218	37,377
Director loan accounts	27	27
Other creditors	2,801	2,416
	---------	---------
	287,960	239,649
	---------	---------

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	1,667
	----	-------

11. Directors' advances, credits and guarantees

As at 31 March 2026, the company owed the directors £27 (2025: £27). The loan is unsecured, interest free and repayable on demand.

12. Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. Controlling party

The ultimate controlling party is L & E Philip Holdings Limited.