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REGISTERED NUMBER: SC464869 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Glaze And Save Limited

Glaze And Save Limited (Registered number: SC464869)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glaze And Save Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs T B Ewing
S Westwood





REGISTERED OFFICE: 68 Hay Street
Perth
PH1 5HP





REGISTERED NUMBER: SC464869 (Scotland)





ACCOUNTANTS: Bell Barr & Company
Chartered Accountants
2 Stewart Street
Milngavie
Glasgow
G62 6BW

Glaze And Save Limited (Registered number: SC464869)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 290,891 161,455
290,891 161,455

CURRENT ASSETS
Stocks 32,915 33,994
Debtors 6 125,142 76,240
Cash at bank 43,419 75,816
201,476 186,050
CREDITORS
Amounts falling due within one year 7 174,694 137,640
NET CURRENT ASSETS 26,782 48,410
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,673

209,865

CREDITORS
Amounts falling due after more than one
year

8

156,060

74,735
NET ASSETS 161,613 135,130

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 161,513 135,030
161,613 135,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Glaze And Save Limited (Registered number: SC464869)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:




Mrs T B Ewing - Director



S Westwood - Director


Glaze And Save Limited (Registered number: SC464869)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Glaze And Save Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

The directors have reviewed the company's operating costs for the next twelve months, and the sources of funds available, and are satisfied that the company is a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 16.66% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Glaze And Save Limited (Registered number: SC464869)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash at bank
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 2,300
AMORTISATION
At 1 December 2022
and 30 November 2023 2,300
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

Glaze And Save Limited (Registered number: SC464869)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 13,107 42,416 35,625 183,051 274,199
Additions - 24,957 - 165,833 190,790
At 30 November 2023 13,107 67,373 35,625 348,884 464,989
DEPRECIATION
At 1 December 2022 10,397 17,201 17,385 67,761 112,744
Charge for year 2,184 7,526 3,648 47,996 61,354
At 30 November 2023 12,581 24,727 21,033 115,757 174,098
NET BOOK VALUE
At 30 November 2023 526 42,646 14,592 233,127 290,891
At 30 November 2022 2,710 25,215 18,240 115,290 161,455

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 125,142 65,542
Other debtors - 10,698
125,142 76,240

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 40,276 11,414
Trade creditors 54,035 36,137
Taxation and social security 45,276 52,159
Other creditors 25,107 27,930
174,694 137,640

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 20,833 30,833
Hire purchase contracts 135,227 43,902
156,060 74,735