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REGISTERED NUMBER: 04741703 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GLASS SERVICES (HOLDINGS) LIMITED

GLASS SERVICES (HOLDINGS) LIMITED (REGISTERED NUMBER: 04741703)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GLASS SERVICES (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: B R Williams





REGISTERED OFFICE: The Glass Works
Wotton Road Kingsnorth Ind Est
Ashford
Kent
TN23 6LN





REGISTERED NUMBER: 04741703 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB

GLASS SERVICES (HOLDINGS) LIMITED (REGISTERED NUMBER: 04741703)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,586,155 1,632,960
Investments 6 5,000 5,000
1,591,155 1,637,960

CURRENT ASSETS
Debtors 7 304 5,304
Cash at bank 339,597 345,963
339,901 351,267
CREDITORS
Amounts falling due within one year 8 767,122 119,655
NET CURRENT (LIABILITIES)/ASSETS (427,221 ) 231,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,163,934

1,869,572

CREDITORS
Amounts falling due after more than one
year

9

-

(688,516

)

PROVISIONS FOR LIABILITIES (237,533 ) (244,723 )
NET ASSETS 926,401 936,333

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 921,401 931,333
926,401 936,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 July 2025 and were signed by:




B R Williams - Director


GLASS SERVICES (HOLDINGS) LIMITED (REGISTERED NUMBER: 04741703)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Glass Services (Holdings) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Land and buildings - 2% straight line
Plant and machinery etc - 25% on reducing balance, 25% on a straight line basis and 10% on a straight line basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

GLASS SERVICES (HOLDINGS) LIMITED (REGISTERED NUMBER: 04741703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 890,657 2,575,116 3,465,773
Additions - 138,419 138,419
Disposals (315 ) (65,182 ) (65,497 )
At 31 December 2024 890,342 2,648,353 3,538,695
DEPRECIATION
At 1 January 2024 236,588 1,596,225 1,832,813
Charge for year 17,808 162,794 180,602
Eliminated on disposal (78 ) (60,797 ) (60,875 )
At 31 December 2024 254,318 1,698,222 1,952,540
NET BOOK VALUE
At 31 December 2024 636,024 950,131 1,586,155
At 31 December 2023 654,069 978,891 1,632,960

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 5,000
NET BOOK VALUE
At 31 December 2024 5,000
At 31 December 2023 5,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 304 5,304

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 745,850 99,097
Taxation and social security 17,678 18,158
Other creditors 3,594 2,400
767,122 119,655

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 688,516

GLASS SERVICES (HOLDINGS) LIMITED (REGISTERED NUMBER: 04741703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 745,850 787,613

The bank loan included within creditors falling due within one year and creditors falling due after more than one year is secured by way of a legal charge over the freehold property owned by Glass Services (Holdings) Limited, a guarantee for £900,000 provided by the company's subsidiary Glass Services Limited, and is supported by debentures over the assets of Glass Services (Holdings) Limited and Glass Services Limited.