Wind Designs Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04371524

Wind Designs Limited

Filleted Unaudited Financial Statements

For the year ended

28 February 2025

Wind Designs Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	6,875	11,875
Tangible assets	6	839,569	678,481
		---------	---------
		846,444	690,356

Current assets

Stocks		404,697	578,240
Debtors	7	1,281,044	1,007,653
Cash at bank and in hand		578,232	1,059,762
		------------	------------
		2,263,973	2,645,655

Creditors: amounts falling due within one year	8	597,248		1,088,532
		------------		------------
Net current assets			1,666,725		1,557,123
			------------		------------
Total assets less current liabilities			2,513,169		2,247,479

Creditors: amounts falling due after more than one year	9		99,412		36,977

Provisions

Taxation including deferred tax	105,410	65,638
	------------	------------
Net assets	2,308,347	2,144,864
	------------	------------

Capital and reserves

Called up share capital	852	852
Revaluation reserve	238,400	203,480
Profit and loss account	2,069,095	1,940,532
	------------	------------
Shareholders funds	2,308,347	2,144,864
	------------	------------

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 comprehensive income has not been delivered.

For the year ending 28 February 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 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 .

Wind Designs Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 26 November 2025 , and are signed on behalf of the board by:

Mr P M Jones

Director

Company registration number: 04371524

Wind Designs Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Regal Drive, Soham, Ely, Cambridgeshire, CB7 5BE.

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 freehold property measured at fair value through other comprehensive income. 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and 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:

	Website	-	20% 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:

Plant and machinery	-	25% reducing balance
Office equipment	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Land and buildings are not depreciated as they are held at their market value as at the year end.

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 9 ).

5. Intangible assets

	Website expenditure
	£
Cost
At 1 March 2024 and 28 February 2025	25,000
	--------
Amortisation
At 1 March 2024	13,125
Charge for the year	5,000
	--------
At 28 February 2025	18,125
	--------
Carrying amount
At 28 February 2025	6,875
	--------
At 29 February 2024	11,875
	--------

6. Tangible assets

	Land and buildings	Plant and machinery	Office equipment	Motor vehicles	Total
	£	£	£	£	£
Cost or valuation
At 1 March 2024	546,960	31,980	76,575	176,617	832,132
Additions	–	–	25,696	104,734	130,430
Disposals	–	–	–	( 74,795)	( 74,795)
Revaluations	100,000	–	–	–	100,000
	---------	--------	---------	---------	---------
At 28 February 2025	646,960	31,980	102,271	206,556	987,767
	---------	--------	---------	---------	---------
Depreciation
At 1 March 2024	–	19,341	39,227	95,083	153,651
Charge for the year	–	3,160	10,045	24,747	37,952
Disposals	–	–	–	( 43,405)	( 43,405)
	---------	--------	---------	---------	---------
At 28 February 2025	–	22,501	49,272	76,425	148,198
	---------	--------	---------	---------	---------
Carrying amount
At 28 February 2025	646,960	9,479	52,999	130,131	839,569
	---------	--------	---------	---------	---------
At 29 February 2024	546,960	12,639	37,348	81,534	678,481
	---------	--------	---------	---------	---------

Tangible assets held at valuation

The freehold land and buildings were revalued at open market value as at 28 February 2025. Land of £55,000 is not depreciated. The comparable amounts for the land and buildings at original cost were:

		Total
		£
	Cost	349,918
	Depreciation	(80,610)
		---------
		269,308
		---------

7. Debtors

	2025	2024
	£	£
Trade debtors	756,972	394,156
Other debtors	524,072	613,497
	------------	------------
	1,281,044	1,007,653
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	7,991	7,239
Trade creditors	297,069	626,840
Social security and other taxes	276,903	313,517
Other creditors	15,285	140,936
	---------	------------
	597,248	1,088,532
	---------	------------

Secured borrowings Bank loans and overdrafts are secured on the assets of the company by fixed and floating charges. Included within the liabilities disclosed above under other creditors is an amount of £8,763 (2024: £46,121) for which security over the assets to which the liability relates has been given.

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

	2025	2024
	£	£
Bank loans and overdrafts	28,986	36,977
Other creditors	70,426	–
	--------	--------
	99,412	36,977
	--------	--------

Secured borrowings Bank loans and overdrafts are secured on the assets of the company by fixed and floating charges. Included within the liabilities disclosed above under other creditors is an amount of £70,426 (2024: £nil) for which security over the assets to which the liability relates has been given.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases amount to £37,500 (2024: £67,500).

11. Directors' advances, credits and guarantees

During the year the company made advances to and received repayments from the directors. Interest has been charged at the official HMRC rate on any overdrawn loan account balances greater than £10,000. There are no repayment terms.

	2025	2024
	£	£
Advances	630,306	597,727
Repayments	642,343	366,980
Balance due from the directors	516,941	528,978