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REGISTERED NUMBER: 03020644 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Glass World (Cardiff) Limited

Glass World (Cardiff) Limited (Registered number: 03020644)






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


Glass World (Cardiff) Limited

Company Information
for the Year Ended 31 March 2025







Directors: Mr P Zehetmayr
Mrs J Zehetmayr
Mr D P Treharne
Mr W H J Zehetmayr





Secretary:





Registered office: Unit B
Parc Erin
Tonyrefail
RCT
CF39 8WW





Registered number: 03020644 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Glass World (Cardiff) Limited (Registered number: 03020644)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 2,142,999 1,879,335
2,142,999 1,879,335

Current assets
Stocks 226,346 268,117
Debtors 6 415,748 481,212
Cash at bank 474,427 220,062
1,116,521 969,391
Creditors
Amounts falling due within one year 7 548,915 583,662
Net current assets 567,606 385,729
Total assets less current liabilities 2,710,605 2,265,064

Creditors
Amounts falling due after more than one year 8 (636,000 ) (324,307 )

Provisions for liabilities (310,580 ) (179,660 )
Net assets 1,764,025 1,761,097

Capital and reserves
Called up share capital 300 150
Retained earnings 1,763,725 1,760,947
Shareholders' funds 1,764,025 1,761,097

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 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.

Glass World (Cardiff) Limited (Registered number: 03020644)

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 Board of Directors and authorised for issue on 22 June 2025 and were signed on its behalf by:





Mr P Zehetmayr - Director


Glass World (Cardiff) Limited (Registered number: 03020644)

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

1. Statutory information

Glass World (Cardiff) Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% 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.

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.

Glass World (Cardiff) Limited (Registered number: 03020644)

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 41 (2024 - 40 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2024
and 31 March 2025 300,000
Amortisation
At 1 April 2024
and 31 March 2025 300,000
Net book value
At 31 March 2025 -
At 31 March 2024 -

5. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 April 2024 980,418 1,542,950 78,706 215,480 2,817,554
Additions - 373,008 25,819 7,678 406,505
At 31 March 2025 980,418 1,915,958 104,525 223,158 3,224,059
Depreciation
At 1 April 2024 91,328 678,813 63,394 104,684 938,219
Charge for year 16,836 89,523 8,621 27,861 142,841
At 31 March 2025 108,164 768,336 72,015 132,545 1,081,060
Net book value
At 31 March 2025 872,254 1,147,622 32,510 90,613 2,142,999
At 31 March 2024 889,090 864,137 15,312 110,796 1,879,335


Glass World (Cardiff) Limited (Registered number: 03020644)

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

6. Debtors: amounts falling due within one year
31.3.25 31.3.24
£    £   
Trade debtors 415,748 481,212

7. Creditors: amounts falling due within one year
31.3.25 31.3.24
£    £   
Bank loans and overdrafts - 72,797
Hire purchase contracts - 1,042
Trade creditors 111,370 115,968
Taxation and social security 83,856 181,555
Other creditors 353,689 212,300
548,915 583,662

8. Creditors: amounts falling due after more than one year
31.3.25 31.3.24
£    £   
Bank loans - 302,307
Other creditors 636,000 22,000
636,000 324,307

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 80,456

9. Secured debts

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans - 375,104

10. Related party disclosures

During the year, total dividends of £46,000 were paid to the directors .

Included in Other Creditors, falling due after more than one year, is an amount of £619,500 (2024 : £nil) of amounts loaned to the company by related parties. Interest is charged at commercial rates on these family loans.

11. Ultimate controlling party

The directors are the ultimate controlling party in the company.

Glass World (Cardiff) Limited (Registered number: 03020644)

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

12. Deferred income

Included within other creditors is as amount of £22,000, (2024 : £38,500) being the balance of a deferred government grant in relation to the purchase of plant and equipment. The grant is being released to the profit and loss account in accordance with the depreciation policy of the asset.