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REGISTERED NUMBER: 10545375 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 January 2025

for

Glazewise Ltd

Glazewise Ltd (Registered number: 10545375)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glazewise Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr A C Noble
Mr J L Steadman





REGISTERED OFFICE: Unit 12
The Cromwell Centre
Dagenham
Essex
RM8 1QH





REGISTERED NUMBER: 10545375 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Glazewise Ltd (Registered number: 10545375)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,768 20,164

CURRENT ASSETS
Stocks 34,700 37,975
Debtors 5 176,096 129,597
Cash at bank 17,687 17,290
228,483 184,862
CREDITORS
Amounts falling due within one year 6 135,346 109,885
NET CURRENT ASSETS 93,137 74,977
TOTAL ASSETS LESS CURRENT LIABILITIES 114,905 95,141

CREDITORS
Amounts falling due after more than one year 7 3,333 13,333
NET ASSETS 111,572 81,808

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 111,472 81,708
111,572 81,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Glazewise Ltd (Registered number: 10545375)

Balance Sheet - continued
31 January 2025


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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr A C Noble - Director


Glazewise Ltd (Registered number: 10545375)

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

1. STATUTORY INFORMATION

Glazewise Ltd is a private company, limited by shares , registered in England and Wales. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

Glazewise Ltd (Registered number: 10545375)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 23,285
Additions 21,250
Disposals (18,000 )
At 31 January 2025 26,535
DEPRECIATION
At 1 February 2024 3,121
Charge for year 3,446
Eliminated on disposal (1,800 )
At 31 January 2025 4,767
NET BOOK VALUE
At 31 January 2025 21,768
At 31 January 2024 20,164

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 147,581 34,835
Other debtors 28,515 94,762
176,096 129,597

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 93,102 90,537
Taxation and social security 24,527 7,060
Other creditors 7,717 2,288
135,346 109,885

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans 3,333 13,333

Glazewise Ltd (Registered number: 10545375)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. RESERVES
Retained
earnings
£   

At 1 February 2024 81,708
Profit for the year 77,196
Dividends (47,432 )
At 31 January 2025 111,472