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REGISTERED NUMBER: SC365449 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

GLASSTORM LIMITED

GLASSTORM LIMITED (REGISTERED NUMBER: SC365449)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLASSTORM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: B Nairn
Ms. N Burns





SECRETARY: Mr. B Nairn





REGISTERED OFFICE: 10 Knockbreck Street
Tain
Ross-Shire
IV19 1BJ





REGISTERED NUMBER: SC365449 (Scotland)





ACCOUNTANTS: Goldwells Ltd
10 Knockbreck Street
Tain
Ross-Shire
IV19 1BJ

GLASSTORM LIMITED (REGISTERED NUMBER: SC365449)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 383,555 390,370

CURRENT ASSETS
Stocks 89,027 87,582
Debtors 5 145,408 133,319
Cash at bank and in hand 51 58,504
234,486 279,405
CREDITORS
Amounts falling due within one year 6 154,631 156,942
NET CURRENT ASSETS 79,855 122,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,410

512,833

CREDITORS
Amounts falling due after more than one
year

7

(12,302

)

(25,391

)

PROVISIONS FOR LIABILITIES (31,858 ) (31,293 )
NET ASSETS 419,250 456,149

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 419,248 456,147
419,250 456,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 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.

GLASSTORM LIMITED (REGISTERED NUMBER: SC365449)

BALANCE SHEET - continued
30TH SEPTEMBER 2024


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 Mr B Nairn Ms N Burns the Board of Directors and authorised for issue on 19th June 2025 and were signed on its behalf by:




B Nairn - Director



Ms. N Burns - Director


GLASSTORM LIMITED (REGISTERED NUMBER: SC365449)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Glasstorm Limited 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.
Plant and machinery etc - 20% on cost, 20% on reducing balance and 10% 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.

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 22 (2023 - 22 ) .

GLASSTORM LIMITED (REGISTERED NUMBER: SC365449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2023 215,881 346,008 561,889
Additions - 3,424 3,424
At 30th September 2024 215,881 349,432 565,313
DEPRECIATION
At 1st October 2023 - 171,519 171,519
Charge for year - 10,239 10,239
At 30th September 2024 - 181,758 181,758
NET BOOK VALUE
At 30th September 2024 215,881 167,674 383,555
At 30th September 2023 215,881 174,489 390,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 111,383 125,369
Amounts owed by participating interests 7,950 7,950
Other debtors 26,075 -
145,408 133,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,204 10,077
Hire purchase contracts 2,778 9,500
Trade creditors 43,264 62,359
Taxation and social security 70,985 72,326
Other creditors 2,400 2,680
154,631 156,942

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,302 22,613
Hire purchase contracts - 2,778
12,302 25,391