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REGISTERED NUMBER: 11099442 (England and Wales)










GLASSPRINT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






GLASSPRINT LIMITED (REGISTERED NUMBER: 11099442)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 5


GLASSPRINT LIMITED (REGISTERED NUMBER: 11099442)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 17,462

CURRENT ASSETS
Stocks 5 68,683 85,596
Debtors 6 551,653 558,243
Cash at bank 29,232 14,618
649,568 658,457
CREDITORS
Amounts falling due within one year 7 373,680 382,587
NET CURRENT ASSETS 275,888 275,870
TOTAL ASSETS LESS CURRENT LIABILITIES 275,888 293,332

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 274,888 292,332
SHAREHOLDERS' FUNDS 275,888 293,332

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th February 2025 and were signed by:





N Story - Director


GLASSPRINT LIMITED (REGISTERED NUMBER: 11099442)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Glassprint Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11099442

Registered office: Unit C1 Swinton Bridge Industrial Estate
White Lee Road
Swinton
Mexborough
South Yorkshire
S64 8BH

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

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

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of goods.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery etc-25% on cost

Stocks
Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

GLASSPRINT LIMITED (REGISTERED NUMBER: 11099442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 17 ) .

GLASSPRINT LIMITED (REGISTERED NUMBER: 11099442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2023 895,663
Disposals (8,835 )
Transfer to group undertaking (886,828 )
At 31st August 2024 -
DEPRECIATION
At 1st September 2023 878,201
Charge for year 9,581
Eliminated on disposal (8,835 )
Transfer to group undertaking (878,947 )
At 31st August 2024 -
NET BOOK VALUE
At 31st August 2024 -
At 31st August 2023 17,462

5. STOCKS
2024 2023
£    £   
Raw materials 68,683 85,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 165,478 55,241
Amounts owed by group undertakings 369,206 492,701
Other debtors 16,969 10,301
551,653 558,243

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,187 25,156
Amounts owed to group undertakings 289,296 334,379
Taxation and social security 17,423 7,973
Other creditors 44,774 15,079
373,680 382,587

GLASSPRINT LIMITED (REGISTERED NUMBER: 11099442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 60,000 -
Between one and five years 180,000 -
240,000 -

9. SECURED DEBTS

The ultimate parent undertaking, Nicky Story Holdings Limited, held a loan of £2,205,291 at 31st August 2024 (2023:£2,476,339) of which the security is in the form a fixed and floating charge over the assets of of all group undertakings.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Darwin (Senior Statutory Auditor)
for and on behalf of Thomas Coombs Limited

12. RELATED PARTY DISCLOSURES

Fixtures and fittings with a net book value of £5,997, plant and machinery with a net book value of £1,404 and computer equipment with a net book value of £481 was transferred from Glassprint Limited to Nicky Story Holdings Limited, its parent company during the year.

At 31st August 2024 included in Other debtors there was a balance owing to Glassprint Limited from a company in which Nicky Story is a director of totalling £12,552 (2023: £2,844).

At 31st August 2024 included in Other creditors there was a balance owing from Glassprint Limited to a company in which Nicky Story is a director of totalling £nil (2023: £1,871).

13. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Nicky Story Holdings Limited and the controlling party is Nicky Story.

The company is exempt from preparing consolidated financial statements under Section 400 of the Companies Act 2006. Nicky Story Holdings Limited consolidates the financial statements. Copies of the Nicky Story Holdings Limited financial statements are publicly available and can be obtained from Companies House or from the Nicky Story Holdings Limited registered office Unit E, Swinton Bridge Industrial Estate Whitelee Road, Swinton, Mexborough, South Yorkshire, England, S64 8BH.