Weatherhead Shop Designers Limited - Period Ending 2025-12-31

Company Registration number: 05037592

Weatherhead Shop Designers Limited

Annual Report and Financial Statements

for the Year Ended 31 December 2025

Weatherhead Shop Designers Limited

Contents


Company Information	1

Strategic Report	2

Directors' Report	3

Statement of Directors' Responsibilities	4

Independent Auditor's Report	5 to 8

Profit and Loss Account	9

Balance Sheet	10

Statement of Changes in Equity	11

Notes to the Financial Statements	12 to 22

Weatherhead Shop Designers Limited

Company Information

Directors

D A Piper

O Piper

Registered office

Unit 10
Strashleigh View
Lee Mill Industrial Estate
Ivybridge
Devon
PL21 9UH

Auditors

Albert Goodman LLP Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Weatherhead Shop Designers Limited

Strategic Report for the Year Ended 31 December 2025

The directors present their strategic report for the year ended 31 December 2025.

Principal activity

The principal activity of the company is an award-winning shopfitting company specialising in the design, manufacture and installation of retail shopfitting, primarily for the supermarket sector.

Fair review of the business

Turnover for the year grew significantly to £24,063,047 (2024: £19,795,403), reflecting the expansion of the Company's workstreams during the year. As new workstreams were mobilised, margins were impacted in the earlier part of the year, recovering as the year progressed. The Company continues to maintain strong relationships with its principal customers and has focused on cost control across the business.

Principal risks and uncertainties

As with most businesses, the Company faces continued cost pressures from the rising cost of living, and monitors and manages its cost base accordingly. The directors are also monitoring demand from within the supermarket construction and refurbishment sector, including from key customers, and will continue to react to changes in market conditions as they arise.

Approved by the Board on 26 August 2026 and signed on its behalf by:

D A Piper
Director

Weatherhead Shop Designers Limited

Directors' Report for the Year Ended 31 December 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors of the company

The directors who held office during the year were as follows:

D A Piper

O Piper

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Future Developments

The future developments of the business are included within the strategic report.

Approved by the Board on 26 August 2026 and signed on its behalf by:

D A Piper
Director

Weatherhead Shop Designers Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Weatherhead Shop Designers Limited

Independent Auditor's Report to the Members of Weatherhead Shop Designers Limited

Opinion

We have audited the financial statements of Weatherhead Shop Designers Limited (the 'company') for the year ended 31 December 2025, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;
•	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Weatherhead Shop Designers Limited

Independent Auditor's Report to the Members of Weatherhead Shop Designers Limited

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•	the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•	the financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of directors' remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Weatherhead Shop Designers Limited

Independent Auditor's Report to the Members of Weatherhead Shop Designers Limited

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

•	the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
•	we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the construction sector;
•	we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;
•	we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
•	identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

•	making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
•	considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

•	performed analytical procedures to identify any unusual or unexpected relationships;
•	tested journal entries to identify unusual transactions;
•	assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
•	investigated the rationale behind significant or unusual transactions.

Weatherhead Shop Designers Limited

Independent Auditor's Report to the Members of Weatherhead Shop Designers Limited

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

•	agreeing financial statement disclosures to underlying supporting documentation; and

•	enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Joseph Doggrell BSc (Hons) FCA (Senior Statutory Auditor)
For and on behalf of Albert Goodman LLP, Statutory Auditor

Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

14 September 2026

Weatherhead Shop Designers Limited

Profit and Loss Account
for the Year Ended 31 December 2025

	Note	2025 £	2024 £
Turnover	3	24,063,047	19,795,403
Cost of sales		(19,989,491)	(15,480,743)
Gross profit		4,073,556	4,314,660
Administrative expenses		(1,341,212)	(1,089,865)
Operating profit	4	2,732,344	3,224,795
Interest payable and similar charges	5	(19,916)	(28,894)
Profit before tax		2,712,428	3,195,901
Taxation	9	(742,740)	(801,705)
Profit for the financial year		1,969,688	2,394,196

The above results were derived from continuing operations.

Weatherhead Shop Designers Limited

(Registration number: 05037592)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	10	624,581	758,437
Current assets
Stocks	11	457,085	259,404
Debtors	12	10,103,821	8,620,164
Cash at bank and in hand		246,906	221,915
		10,807,812	9,101,483
Creditors: Amounts falling due within one year	14	(4,066,352)	(4,344,148)
Net current assets		6,741,460	4,757,335
Total assets less current liabilities		7,366,041	5,515,772
Creditors: Amounts falling due after more than one year	14	(72,243)	(153,628)
Provisions for liabilities	15	(75,157)	(113,191)
Net assets		7,218,641	5,248,953
Capital and reserves
Called up share capital		80	80
Capital redemption reserve		20	20
Retained earnings		7,218,541	5,248,853
Shareholders' funds		7,218,641	5,248,953

Approved and authorised by the Board on 26 August 2026 and signed on its behalf by:

D A Piper
Director

Weatherhead Shop Designers Limited

Statement of Changes in Equity
for the Year Ended 31 December 2025

	Share capital £	Capital redemption reserve £	Retained earnings £	Total £
At 1 January 2025	80	20	5,248,853	5,248,953
Profit for the year	-	-	1,969,688	1,969,688
At 31 December 2025	80	20	7,218,541	7,218,641

Share capital
£

Capital redemption reserve
£

Retained earnings
£

Total
£

At 1 January 2024

80

20

4,854,657

4,854,757

Profit for the year

-

-

2,394,196

2,394,196

Dividends

-

-

(2,000,000)

(2,000,000)

At 31 December 2024

80

20

5,248,853

5,248,953

Weatherhead Shop Designers Limited

Notes to the 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:
Unit 10
Strashleigh View
Lee Mill Industrial Estate
Ivybridge
Devon
PL21 9UH

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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

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.

These financial statements are presented in Sterling (£).

Summary of disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 " The Financial Reporting Standard applicable in the UK and Republic of Ireland"

- the requirements of Section 7 Statement of Cash Flows and paragraph 3.17(d);
- the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b), 11.48(c), 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A as equivalent information is included in the consolidated financial statement of the group in which the company is consolidated.

Name of parent of group

These financial statements are consolidated in the financial statements of Naed Repip (Holdings) Limited.

The financial statements of Naed Repip (Holdings) Limited may be obtained from Companies House.

Going concern

The financial statements have been prepared on a going concern basis.

Weatherhead Shop Designers Limited

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

Key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that effect the amounts reported during the year.The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The following jugements and estimates have had the most significant effects on amounts recognised in the financial statements.

Judgements

Long term contract accounting - a key judgement is the determination of the stage of completion of each construction contract. Management have assessed that the most appropriate method for measuring progress towards completion is based on time elapsed on site, which reflects the proportion of contract activity undertaken to date relative to the total expected duration of the contract.

Turnover recognition

Turnover is recognised to the extent that it is probable that economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised;

- Turnover can be measured reliably;
- it is probale that the company will receive consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Contract revenue recognition

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carreid out at the year end, by recording turnover and related costs as contract activity progresses.

Turnover is calculated as that proportion of total contract value which the time spent on site to date bears to the total expected time required to complete the contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Tax

The tax expense for the period comprises current and deferred tax. 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 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.

Weatherhead Shop Designers Limited

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

Deferred tax is recognised on timing 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and 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
Leasehold Improvements	10% straight line
Plant & Machinery	20% straight line
Motor Vehicles	25% straight line

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.

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.

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.

Weatherhead Shop Designers Limited

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

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.

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

Reserves

Called up share capital represents the nominal value of shares that have been issued.

Profit and loss account includes all current and prior period profits and losses.

Capital redemption reserve records the nominal value of shares repurchased by the company.

Provisions

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account that related risks and uncertainties. Movement in provisions are generally charged as an expense to profit or loss.

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.

Leases

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.

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Weatherhead Shop Designers Limited

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

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.

3

Turnover

The analysis of the company's Turnover for the year from continuing operations is as follows:

	2025 £	2024 £
Rendering of services	24,063,047	19,795,403

4	Operating profit

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	215,883	144,309
(Profit)/loss on disposal of property, plant and equipment	(8,157)	7,502

5	Interest payable and similar expenses

	2025 £	2024 £
Interest on bank overdrafts and borrowings	36	19,618
Interest on obligations under finance leases and hire purchase contracts	19,880	9,276
	19,916	28,894

6	Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

	2025 £	2024 £
Wages and salaries	3,006,536	2,237,602
Social security costs	410,915	287,508
Other short-term employee benefits	33,933	24,548
Pension costs, defined contribution scheme	187,582	82,769
Staff training and welfare	43,757	27,041
	3,682,723	2,659,468

Weatherhead Shop Designers Limited

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

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

	2025 No.	2024 No.
Production	54	37
Administration and support	5	4
Directors	2	2
	61	43

7	Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	64,847	40,922
Contributions paid to money purchase schemes	14,244	12,320
	79,091	53,242

During the year the number of directors who were receiving benefits and share incentives was as follows:

	2025 No.	2024 No.
Accruing benefits under defined benefit pension scheme	2	2

8	Auditors' remuneration

	2025 £	2024 £
Audit of the financial statements	12,500	12,000

9

Taxation

Tax charged/(credited) in the profit and loss account

	2025 £	2024 £
Current taxation
UK corporation tax	780,774	731,514
Deferred taxation
Arising from origination and reversal of timing differences	(38,034)	70,191
Tax expense in the income statement	742,740	801,705

Weatherhead Shop Designers Limited

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

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of 25% (2024 - 25%).

The differences are reconciled below:

	2025 £	2024 £
Profit before tax	2,712,428	3,195,901
Corporation tax at standard rate	678,107	798,975
Tax increase from other short-term timing differences	-	504
Effect of revenues exempt from taxation	(582)	-
Effect of expense not deductible in determining taxable profit (tax loss)	64,276	2,505
Increase/(decrease) from tax losses for which no deferred tax asset was recognised	139	(279)
Increase in UK and foreign current tax from unrecognised temporary difference from a prior period	800	-
Total tax charge	742,740	801,705

10	Tangible assets

	Leasehold Improvements £	Motor vehicles £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2025	209,219	792,012	181,639	1,182,870
Additions	-	109,333	-	109,333
Disposals	-	(76,056)	(14,550)	(90,606)
At 31 December 2025	209,219	825,289	167,089	1,201,597
Depreciation
At 1 January 2025	74,363	281,461	68,609	424,433
Charge for the year	19,419	164,675	31,789	215,883
Eliminated on disposal	-	(51,013)	(12,287)	(63,300)
At 31 December 2025	93,782	395,123	88,111	577,016
Carrying amount
At 31 December 2025	115,437	430,166	78,978	624,581
At 31 December 2024	134,856	510,551	113,030	758,437

Included within the net book value of land and buildings above is £115,437 (2024 - £134,856) in respect of long leasehold land and buildings.

Included within the net book value above is £204,150 (2024 - £240,635) of motor vehicle assets, and £8,775 (2024 - £11,475) of P&M assets in respect of hire purchases.

Weatherhead Shop Designers Limited

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

11

Stocks

	2025 £	2024 £
Work in progress	442,085	244,404
Other stocks	15,000	15,000
	457,085	259,404

12

Debtors

Current	2025 £	2024 £
Trade debtors	6,718,580	5,223,160
Other debtors	13,941	8,209
Prepayments	16,300	12,433
Accrued income	2,416,125	3,254,581
Amounts owed by group undertakings	938,875	121,781
	10,103,821	8,620,164

13	Cash and cash equivalents

	2025 £	2024 £
Cash at bank and in hand	246,906	221,915

14

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	17	103,731	93,398
Trade creditors		1,316,113	1,603,205
Amounts owed to group undertakings		-	294,766
Social security and other taxes		1,424,971	1,027,189
Other creditors		119,498	154,828
Accrued expenses		511,021	691,716
Corporation tax	9	295,998	380,224
Deferred income		295,020	98,822
		4,066,352	4,344,148
Due after one year
Loans and borrowings	17	72,243	153,628

Weatherhead Shop Designers Limited

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

15	Provisions for liabilities

	Deferred tax £	Total £
At 1 January 2025	113,191	113,191
Increase (decrease) in existing provisions	(38,034)	(38,034)
At 31 December 2025	75,157	75,157

Deferred tax

Deferred tax assets and liabilities:

2025	Asset £	Liability £
Accelerated capital allowances	-	75,157
	-	75,157

2024	Asset £	Liability £
Accelerated capital allowances	-	113,191
	-	113,191

Weatherhead Shop Designers Limited

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

16	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	80	80	80	80

Rights, preferences and restrictions

Ordinary shares have the following rights, preferences and restrictions:
All rights attached, full voting and equity rights

17	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £

Hire purchase contracts	103,731	93,398

Non-current loans and borrowings

	2025 £	2024 £

Hire purchase contracts	72,243	153,628

18	Obligations under operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	17,351	13,717
Later than one year and not later than five years	47,253	54,869
	64,604	68,586

The amount of non-cancellable operating lease payments recognised as an expense during the year was £17,784 (2024 - £6,821).

19	Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £187,582 (2024 - £82,769).

Weatherhead Shop Designers Limited

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

20

Dividends

Interim dividends paid

	2025 £	2024 £
Dividends paid	-	2,000,000

21	Related party transactions

Summary of transactions with parent

As a wholly owned subsidiary undertaking of ultimate parent, Naed Repip (Holdings) Limited, the company has taken advantage of the exemption in section 33.1A of FRS 102 in not disclosing inter-group transactions where 100% of the voting rights are controlled within the group.

Summary of transactions with subsidiaries

During the year, the company incurred rental expenditure of £95,000 (2024 - £95,000) with fellow group subsidiary Naed Repip Ytreporp Limited. At the balance sheet date £152,796 (2024 - £121,781) was owed by the fellow group subsidiary to the company.

22	Parent and ultimate parent undertaking

The company's immediate parent is Naed Repip (Holdings) Limited, (registered office: Unit 10 Strashleigh View, Lee Mill Industrial Estate, Ivybridge, Devon, England, PL21 9GS), incorporated in England and Wales.

These financial statements are available upon request from Companies House.

The ultimate controlling party is Dean Piper.