Registered number
07612740
GLASS INTERIOR DESIGN LIMITED
Unaudited Filleted Accounts
30 April 2025
GLASS INTERIOR DESIGN LIMITED
Registered number: 07612740
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 22,742 38,632
Current assets
Debtors 4 109,492 90,021
Creditors: amounts falling due within one year 5 (132,055) (128,541)
Net current liabilities (22,563) (38,520)
Net assets 179 112
Capital and reserves
Called up share capital 100 100
Profit and loss account 79 12
Shareholders' funds 179 112
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Robert Francis
Director
Approved by the board on 17 June 2025
GLASS INTERIOR DESIGN LIMITED
Notes to the Accounts
for the year ended 30 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 May 2024 63,558
At 30 April 2025 63,558
Depreciation
At 1 May 2024 24,926
Charge for the year 15,890
At 30 April 2025 40,816
Net book value
At 30 April 2025 22,742
At 30 April 2024 38,632
4 Debtors 2025 2024
£ £
Trade debtors 100,925 62,257
Directors loan 4,200 20,257
Tax deposit 4,367 4,367
Other debtors - 3,140
109,492 90,021
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 14,830 13,155
Obligations under finance lease and hire purchase contracts 9,135 12,564
Trade creditors 58,559 52,430
Loans payable 26,220 37,485
Corporation tax 15,769 10,869
Other taxes and social security 7,542 2,038
132,055 128,541
6 Controlling party
The Company was controlled throughout the year by the directors by virtue of the fact that they own the ordinary shares.
7 Other information
GLASS INTERIOR DESIGN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
90 Brixton Hill
London
SW2 1QN
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