Registered number
01256872
Salisbury Glass Commercial Limited
Report and Financial Statements
for the year ended 31 May 2024
Salisbury Glass Commercial Limited
Report and accounts
Contents
Page
Company information 1
Strategic report 2
Directors' report 4
Independent auditor's report 6
Income statement 9
Statement of comprehensive income 10
Statement of financial position 11
Statement of changes in equity 12
Statement of cash flows 13
Notes to the financial statements 14
Salisbury Glass Commercial Limited
Company Information
Directors
Mr D W H Naish
Mr L Gower
Mr P I Tomlinson
Auditors
Taylors
Rosedean House
4 Argyle Road
Barnet
EN5 4DX
Bankers
HSBC Bank plc
19 Minster Street
Salisbury
Wiltshire
SP1 1TW
Solicitors
Lester Aldridge
Russell House
Oxford Road
Bournmouth
BH8 8EX
Registered office
Newton Road
Churchfields
Salisbury
Wiltshire
SP2 7QA
Registered number
01256872
Salisbury Glass Commercial Limited
Strategic Report
Principal activities
The company's principal activity during the year continued to be that of the manufacture, supply and installation of double glazing and ancillary products including rain screen cladding and curtain walling primarily to the commercial market.
Business review
The economy at large and weakness in the property market gave rise to challenging trading conditions throughout the year with similar pressure on margins.

Economies within the group have been identified and implemented to deliver improved efficiencies and strengthen resilience.

The Board has identified that the company has no liability to remedial cladding works following changes in Government policy for cladding applied to mid and high-rise buildings.

The Board is optimistic that the company is well placed going forward and has the resources necessary to deliver good results
During the year the existing management team effected a buy-out of the business from the former shareholders and where those former shareholders were also Directors they retired from the Board.

The entire share capital of Salisbury Glass Commercial Limited is owned by Salisbury Glass Commercial Holdings Limited (12089433) which is unchanged.

On 22nd April 2024 the entire share capital of Salisbury Glass Commercial Holdings Limited (12089433) was acquired by Salisbury Glass Group Holdings Limited (15290045).
Key performance indicators
The key financial highlights are
2024 2023
Turnover £14,933,669 £13,865,845
Gross profit margin 21.05% 19.56%
Profit (Loss) before tax and interest 915,324 £539,977
Cash flow from operations (£427,216) £1,702,372
Shareholders funds £4,573,528 £4,071,181
Average number of employees 72 84
Principal risks and uncertainties
The principal risks and uncertainties remain vested in the economy at large and in particular the health of the property market. Supply chain shortages and cost increases have proved challenging since the start of the global pandemic. Changes to the labour market have proved challenging and the business has experienced problems with both availability and rising costs.
Future developments
The company continues to build on strong long-standing relationships with customers and supply chain partners to deliver a competitive high-quality product.
Salisbury Glass Commercial Limited
Strategic Report
Financial instrument risk
The company's principal financial instruments comprise bank balances, trade creditors, trade debtors and loans to the company. The main purpose of these agreements is to finance the company's operations.
Due to the nature of the financial instruments used by the company there is no exposure to price risk. The company's approach to managing other risks applicable to the financial instruments concerned is shown below.
In respect of bank balances, the liquidity risk is managed by maintaining a balance for continuity of funding. The company makes use of money market and deposit account facilities when funds are available.
In respect of loans these comprise loans from the directors and loans to and from group companies. The company manages the liquidity risk by ensuring there are sufficient funds to meet the payments. The loans from directors are charged at the rate of 5% per annum and are payable on demand.
Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.
Trade creditors liquidity risk is managed by ensuring sufficient finds are available to meet amounts due.
This report was approved by the board on 10 February 2025 and signed on its behalf.
D Naish
Director
Salisbury Glass Commercial Limited
Registered number: 01256872
Directors' Report
The directors present their report and financial statements for the year ended 31 May 2024.
Principal place of business
Salisbury Glass Commercial Limited is a company incorporated and domiciled in England and has its registered office and principal place of business at Newton Road, Churchfields, Salisbury, Wiltshire, SP2 7QA.
Dividends
Dividends of £290,220 (2023: £243,102) were paid during the year. The directors do not recommend payment of a final dividend.
Directors
The following persons served as directors during the year:
Mr C Grigg Resigned 22/04/2024
Mr M S Gower Resigned 22/04/2024
Mr D W H Naish
Mr I Paton Resigned 22/04/2024
Mr L Gower
Mr P I Tomlinson
Directors' responsibilities
The directors are responsible for preparing the report and 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 (Financial Reporting Standard 102 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 then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
This report was approved by the board on 10 February 2025 and signed on its behalf.
D Naish
Director
Salisbury Glass Commercial Limited
Independent auditor's report
to the members of Salisbury Glass Commercial Limited
Opinion
We have audited the financial statements of Salisbury Glass Commercial Limited (the 'company') for the year ended 31 May 2024 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including 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 the 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 May 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
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’s 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 directors' 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 financial statements are 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.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.
Opinions on other matters 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 the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the 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 or the directors’ report.
We have nothing to report in respect of the following matters in relation to which 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 directors’ responsibilities statement, 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.
Auditor’s 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:

In planning and designing our audit tests we identify and assess the risks of material misstatement within the financial statements, whether due to fraud or error. Our assessment of these risks includes consideration of the nature of the industry and sector, the control environment and the business performance along with the results of our enquiries of management about their own identification and assessment of risks and irregularities. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the company operates in; focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK tax legislation and other laws and regulations identified as risk areas identified from our discussions with management.
We communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

After consideration of the above risks we then carried out audit procedures including the following:
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

reading minutes of management meetings;

reviewing correspondence with H M Revenue & Customs;

enquiring of management and reviewing any correspondence with legal advisors concerning actual and potential litigation and claims;

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
There are inherent limitations in our audit procedures described above. The more removed that the laws and regulations are from financial transactions the less likely it is that we would be aware on 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 available 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.
Rajesh Gulabivala
(Senior Statutory Auditor) Rosedean House
for and on behalf of 4 Argyle Road
Taylors Barnet
Statutory Auditor EN5 4DX
10 February 2025
Salisbury Glass Commercial Limited
Income Statement
for the year ended 31 May 2024
Notes 2024 2023
£ £
Turnover 3 14,933,669 13,865,845
Cost of sales (11,789,556) (11,153,888)
Gross profit 3,144,113 2,711,957
Distribution costs (93,880) (75,254)
Administrative expenses (2,134,909) (2,096,726)
Operating profit 4 915,324 539,977
Interest receivable 151,517 34,783
Interest payable 7 (7,138) (6,371)
Profit on ordinary activities before taxation 1,059,703 568,389
Tax on profit on ordinary activities 8 (267,136) (122,657)
Profit for the financial year 792,567 445,732
Salisbury Glass Commercial Limited
Statement of Comprehensive Income
for the year ended 31 May 2024
Notes 2024 2023
£ £
Profit for the financial year 792,567 445,732
Other comprehensive income - -
Total comprehensive income for the year 792,567 445,732
Salisbury Glass Commercial Limited
Statement of Financial Position
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 9 234,408 181,306
Current assets
Stocks 10 587,169 525,190
Debtors 11 5,259,098 2,916,659
Cash at bank and in hand 1,779,063 2,631,415
7,625,330 6,073,264
Creditors: amounts falling due within one year 12 (3,112,869) (2,038,621)
Net current assets 4,512,461 4,034,643
Total assets less current liabilities 4,746,869 4,215,949
Creditors: amounts falling due after more than one year 13 (115,783) (104,012)
Provisions for liabilities
Deferred taxation 14 (57,558) (40,756)
Net assets 4,573,528 4,071,181
Capital and reserves
Called up share capital 15 100 100
Profit and loss account 16 4,573,428 4,071,081
Total equity 4,573,528 4,071,181
D Naish
Director
Approved by the board on 10 February 2025
Salisbury Glass Commercial Limited
Statement of Changes in Equity
for the year ended 31 May 2024
Share Profit Total
capital and loss
account
£ £ £
At 1 June 2022 100 3,868,451 3,868,551
Profit for the financial year - 445,732 445,732
Dividends - (243,102) (243,102)
At 31 May 2023 100 4,071,081 4,071,181
At 1 June 2023 100 4,071,081 4,071,181
Profit for the financial year - 792,567 792,567
Dividends - (290,220) (290,220)
At 31 May 2024 100 4,573,428 4,573,528
Salisbury Glass Commercial Limited
Statement of Cash Flows
for the year ended 31 May 2024
Notes 2024 2023
£ £
Operating activities
Profit for the financial year 792,567 445,732
Adjustments for:
Interest receivable (151,517) (34,783)
Interest payable 7,138 6,371
Tax on profit on ordinary activities 267,136 122,657
Depreciation 81,814 84,553
(Increase)/decrease in stocks (61,979) 349,647
(Increase)/decrease in debtors (2,342,439) 1,101,549
Increase/(decrease) in creditors 959,691 (401,766)
(447,589) 1,673,960
Interest received 151,517 34,783
Interest paid (7,138) (6,371)
Corporation tax paid (124,006) -
Cash (used in)/generated by operating activities (427,216) 1,702,372
Investing activities
Payments to acquire tangible fixed assets (143,012) (24,852)
Proceeds from sale of tangible fixed assets 8,096 8,978
Cash used in investing activities (134,916) (15,874)
Financing activities
Equity dividends paid (290,220) (243,102)
Cash used in financing activities (290,220) (243,102)
Net cash (used)/generated
Cash (used in)/generated by operating activities (427,216) 1,702,372
Cash used in investing activities (134,916) (15,874)
Cash used in financing activities (290,220) (243,102)
Net cash (used)/generated (852,352) 1,443,396
Cash and cash equivalents at 1 June 2,631,415 1,188,019
Cash and cash equivalents at 31 May 1,779,063 2,631,415
Cash and cash equivalents comprise:
Cash at bank 1,779,063 2,631,415
Salisbury Glass Commercial Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Summary of significant accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery 20% straight line
Computer equipment 33.33% straight line
Motor vehicles 25% reducing balance method
Government grants
Grants relating to revenue are recognized on an accruals basis, such that grant income matches the expense it is intended to compensate.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Critical accounting judgements and estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Critical accounting estimates and judgements
The following judgements and estimates have had the most significant effect on amounts recognised in the financial statements.
a) Revenue recognition and contract losses
Recognised amounts of construction contract revenues reflect the directors' best estimate of long-term contracts outcome and stage of completion. This includes the assessment of the profitability of long-term contracts. Management undertakes detailed reviews on regular basis in order to exercise judgement over the outcome of each contract and associated risks and opportunities.
The value of work completed at the Balance Sheet date is assessed by undertaking surveys and completing internal valuation of works completed and in progress. Regular management reviews of contract progress are undertaken.
b) Plant and machinery
Plant and machinery included within tangible assets has a significant carrying value (See note 9). Plant and machinery is depreciated on a straight-line basis. The useful life of tangible asserts are reviewed regularly in light of technological change, prospective utilisation and physical condition of the assets. Plant and machinery is reviewed annually for indicators of impairment.
c) Carrying value of trade debtors, amounts recoverable on contracts and other receivables
The company makes an estimate of the recoverable value of trade debtors, amounts recoverable on contracts and other receivable. When assessing impairment of trade debtors, amounts recoverable on contracts and other receivables, management considers factors including the current credit rating of the trade debtors, the aging profile of the trade debtors and historical experience. Allowance for doubtful debt provisions against billed debtors, amounts recoverable on contracts and other receivables are made on a specific basis, based on the estimates of the recoverability determined by market knowledge and past experience.
3 Analysis of turnover 2024 2023
£ £
Sale of goods 14,933,669 13,865,845
14,933,669 13,865,845
By geographical market:
UK 14,933,669 13,865,845
4 Operating profit 2024 2023
£ £
This is stated after charging:
Depreciation of owned fixed assets 81,773 84,553
Operating lease rentals - land and buildings 122,912 122,912
Auditors' remuneration for audit services 13,600 10,800
Auditors' remuneration for other services 1,400 1,400
5 Directors' emoluments 2024 2023
£ £
Emoluments 29,709 21,376
Company contributions to defined contribution pension plans 4,322 4,736
34,031 26,112
Highest paid director:
Emoluments 11,244 12,346
Number of directors to whom retirement benefits accrued: 2024 2023
Number Number
Defined contribution plans 3 2
6 Staff costs 2024 2023
£ £
Wages and salaries 2,671,507 2,962,689
Social security costs 269,556 319,075
Other pension costs 64,889 72,099
3,005,952 3,353,863
Average number of employees during the year Number Number
Administration 25 30
Manufacturing 47 54
72 84
7 Interest payable 2024 2023
£ £
Other loans 7,138 6,371
8 Taxation 2024 2023
£ £
Analysis of charge in period
Current tax:
UK corporation tax on profits of the period 250,334 124,006
Deferred tax:
Origination and reversal of timing differences 16,802 (1,349)
Tax on profit on ordinary activities 267,136 122,657
Factors affecting tax charge for period
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
2024 2023
£ £
Profit on ordinary activities before tax 1,059,703 568,389
Standard rate of corporation tax in the UK 25% 25%
£ £
Profit on ordinary activities multiplied by the standard rate of corporation tax 264,926 142,097
Effects of:
Expenses not deductible for tax purposes 21,795 (12,738)
Capital allowances for period in excess of depreciation (36,387) (5,353)
Current tax charge for period 250,334 124,006
9 Tangible fixed assets
Land and buildings Plant and machinery Motor vehicles Total
At cost At cost At cost
£ £ £ £
Cost or valuation
At 1 June 2023 497,983 671,396 235,408 1,404,787
Additions - 13,241 129,771 143,012
Disposals - - (39,275) (39,275)
At 31 May 2024 497,983 684,637 325,904 1,508,524
Depreciation
At 1 June 2023 495,871 545,196 182,414 1,223,481
Charge for the year 357 56,049 25,408 81,814
On disposals - - (31,179) (31,179)
At 31 May 2024 496,228 601,245 176,643 1,274,116
Carrying amount
At 31 May 2024 1,755 83,392 149,261 234,408
At 31 May 2023 2,112 126,200 52,994 181,306
10 Stocks 2024 2023
£ £
Raw materials and consumables 405,317 415,949
Work in progress 181,852 109,241
587,169 525,190
11 Debtors 2024 2023
£ £
Trade debtors 2,324,672 2,247,443
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,324,883 -
Other debtors 609,543 669,216
5,259,098 2,916,659
Amounts due after more than one year included in trade debtors:
Contract retentions 110,956 455,372
12 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,185,705 1,151,031
Amounts owed to group undertakings and undertakings in which the company has a participating interest 210,586 -
Corporation tax 250,334 124,006
Other taxes and social security costs 80,965 58,990
Other creditors 1,385,279 704,594
3,112,869 2,038,621
13 Creditors: amounts falling due after one year 2024 2023
£ £
Trade creditors 115,783 104,012
14 Deferred taxation 2024 2023
£ £
Accelerated capital allowances 57,558 40,756
2024 2023
£ £
At 1 June 40,756 42,105
Charged/(credited) to the profit and loss account 16,802 (1,349)
At 31 May 57,558 40,756
15 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
16 Profit and loss account 2024 2023
£ £
At 1 June 4,071,081 3,868,451
Profit for the financial year 792,567 445,732
Dividends (290,220) (243,102)
At 31 May 4,573,428 4,071,081
17 Dividends 2024 2023
£ £
Dividends on ordinary shares (note 16) 290,220 243,102
18 Other financial commitments
Total future minimum lease payments under non-cancellable operating leases:
Land and buildings Land and buildings Other Other
2024 2023 2024 2023
£ £ £ £
Falling due:
within two to five years 19,867 79,468 - -
in over five years 229,167 254,167 - -
249,034 333,635 - -
19 Contingent liabilities
Post the demerger in 2019 the company has an on going liability for ten year guarantee's given in relation to domestic installations undertaken prior to demerger. The exact value of remedial work is difficult to estimate but the directors believe that they have made provision where necessary.

The demerger transferred the domestic installation contracts to Salisbury Glass Centre Limited, a fellow subsidiary.
20 Related party transactions
The company has taken advantage of FRS 102 Paragraph 33.1A not to disclose intra group trasactions as all subsidiaries are wholly owned.
M S Gower - Director & J Gower - Spouse
M S Gower and Mrs J Gower jointly own a one third share in one property and a half share in two other properties which are rented to the company at arm's length. M S & J S Gower received £57,768 for the year under review (2023: £57,768). M S Gower received interest at 5% on his term loan account, for the year under review this amounted to £1,375 (2023: £1,794). Mrs J Gower also received 5% interest on her loan account, for the year under review this amounted to £1,385 (2023:£1,800).
I Paton - Director & J S Paton - Spouse
I Paton and Mrs J S Paton jointly own a half share in two properties which are rented to the company at arm's length. I & J S Paton received £52,234 for the year under review (2023: £52,234). I Paton received interest at 5% on his term loan account, for the year under review this amounted to £14 (2023: £255). Mrs J S Paton also received 5% interest on her loan account, for the year under review this amounted to £1 (2023: £182).
S Gower - brother of M S Gower
S Gower jointly owns one third share of a property rented to the company at arm's length. S Gower recieved rent of 5,533 for the year under review (2023 Nil).
P Gower - brother of M S Gower
P Gower jointly owns one third share of a property rented to the company at arm's length. P Gower recieved rent of 5,533 for the year under review (2023 Nil).
21 Controlling party
On 22 April 2024 the parent company, Salisbury Glass Commercial Holdings Ltd was acquired by Salisbury Glass Group Holdings Limited, which is now the ultimate parent company.

The controlling party is Luke Gower, the company director by virtue of ownership of 50% of the ordinary share capital of Salisbury Glass Group Holdings Limited.
22 Presentation currency
The financial statements are presented in Sterling, and rounded up to the nearest pound.
23 Legal form of entity and country of incorporation
Salisbury Glass Commercial Limited is a private company limited by shares and incorporated in England.
24 Registered office address
The address of the company's registered office is:
Newton Road
Churchfields
Salisbury
Wiltshire
SP2 7QA
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