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Unaudited Financial Statements for the Year Ended 31 March 2025

for

Glazing Solutions (Scotland) Ltd.

Glazing Solutions (Scotland) Ltd. (Registered number: SC349735)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glazing Solutions (Scotland) Ltd.

Company Information
for the Year Ended 31 March 2025







DIRECTOR: R Hardie





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC349735 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Glazing Solutions (Scotland) Ltd. (Registered number: SC349735)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 72,478 24,235

CURRENT ASSETS
Stocks 47,800 45,000
Debtors 5 23,845 44,340
Cash at bank and in hand 20,110 2,948
91,755 92,288
CREDITORS
Amounts falling due within one year 6 102,769 58,504
NET CURRENT (LIABILITIES)/ASSETS (11,014 ) 33,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,464

58,019

CREDITORS
Amounts falling due after more than one
year

7

(13,948

)

(11,667

)

PROVISIONS FOR LIABILITIES - (4,581 )
NET ASSETS 47,516 41,771

CAPITAL AND RESERVES
Called up share capital 8 5 5
Retained earnings 47,511 41,766
SHAREHOLDERS' FUNDS 47,516 41,771

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Glazing Solutions (Scotland) Ltd. (Registered number: SC349735)

Balance Sheet - continued
31 March 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 director and authorised for issue on 31 May 2025 and were signed by:





R Hardie - Director


Glazing Solutions (Scotland) Ltd. (Registered number: SC349735)

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

1. STATUTORY INFORMATION

Glazing Solutions (Scotland) Ltd. 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 15% on cost

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Glazing Solutions (Scotland) Ltd. (Registered number: SC349735)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 82,864
Additions 54,211
At 31 March 2025 137,075
DEPRECIATION
At 1 April 2024 58,629
Charge for year 5,968
At 31 March 2025 64,597
NET BOOK VALUE
At 31 March 2025 72,478
At 31 March 2024 24,235

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 54,211
At 31 March 2025 54,211
DEPRECIATION
Charge for year 1,151
At 31 March 2025 1,151
NET BOOK VALUE
At 31 March 2025 53,060

Glazing Solutions (Scotland) Ltd. (Registered number: SC349735)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 20,595 44,340
Other debtors 3,250 -
23,845 44,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,018 -
Trade creditors 30,850 25,327
Taxation and social security 8,984 20,051
Other creditors 45,917 3,126
102,769 58,504

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 1,667 11,667
Hire purchase contracts 12,281 -
13,948 11,667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
4 Class A Ordinary £1 4 4
1 Class B Ordinary £1 1 1
5 5

9. RELATED PARTY DISCLOSURES

The company was under the control of it's director and major shareholder Mr R. Hardie during the year. The company paid rent amounting to £18,000 (2024 - £18,000) to an SSAS pension fund on behalf of Mr Hardie during the year.