2024-01-01 02325396 2024-12-31 02325396 2024-01-01 2024-12-31 02325396 2023-12-31 02325396 2023-01-01 2023-12-31 02325396 uk-core:WithinOneYear 2023-12-31 02325396 uk-core:WithinOneYear 2024-12-31 02325396 uk-core:AfterOneYear 2023-12-31 02325396 uk-core:AfterOneYear 2024-12-31 02325396 uk-core:ShareCapital 2024-12-31 02325396 uk-core:ShareCapital 2023-12-31 02325396 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 02325396 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 02325396 uk-bus:Director1 2024-01-01 2024-12-31 02325396 uk-core:PlantMachinery 2024-01-01 2024-12-31 02325396 uk-core:ToolsEquipment 2024-01-01 2024-12-31 02325396 uk-core:MotorVehicles 2024-01-01 2024-12-31 02325396 uk-core:FurnitureFittings 2024-01-01 2024-12-31 02325396 uk-core:ToolsEquipment 2023-12-31 02325396 uk-core:FurnitureFittings 2023-12-31 02325396 uk-core:MotorVehicles 2023-12-31 02325396 uk-core:PlantMachinery 2023-12-31 02325396 uk-core:MotorVehicles 2024-12-31 02325396 uk-core:FurnitureFittings 2024-12-31 02325396 uk-core:ToolsEquipment 2024-12-31 02325396 uk-core:PlantMachinery 2024-12-31 iso4217:GBP xbrli:pure 02325396 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02325396 uk-bus:FRS102 2024-01-01 2024-12-31 02325396 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 02325396 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31
Glas-Craft (U.K.) Limited
Registered Number:02325396
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2024
Glas-Craft (U.K.) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
02325396
As at 31 December 2024
Glas-Craft (U.K.) Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
138,469
72,213
2
138,469
72,213
Current assets
Inventories
500,127
546,700
3
Trade and other receivables
404,192
275,628
4
434,862
Cash and cash equivalents
368,515
1,190,843
1,339,181
Trade and other payables: amounts falling due within one
year
(280,898)
(209,642)
5
1,058,283
981,201
Net current assets
Total assets less current liabilities
1,119,670
1,130,496
Trade and other payables: amounts falling due after more
than one year
-
(57,483)
6
(9,478)
-
Provisions for liabilities
1,052,709
Net assets
1,130,496
Capital and reserves
Called up share capital
100
100
Retained earnings
1,052,609
1,130,396
1,052,709
1,130,496
Shareholders' funds
For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs S Hallsworth Director
These financial statements were approved and authorised for issue by the Board on 15 July 2025 and were signed by:
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4
Registered Number :
02325396
For the year ended 31 December 2024
Glas-Craft (U.K.) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 December 2024
Glas-Craft (U.K.) Limited
Notes to the Financial Statements
Statutory Information
Glas-Craft (U.K.) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02325396.
Registered address:
143 Turton Road
Tottington
Bury
Lancashire
BL8 3QA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Straight line
25% Straight line
Computer equipment
25% Straight line
Motor vehicles
20% Straight line
Fixtures and fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 December 2024
Glas-Craft (U.K.) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 January 2024
414,662
60,342
61,293
182,121
110,906
112,851
665
5,884
106,302
-
Additions
-
-
(47,332)
-
Disposals
(47,332)
At 31 December 2024
241,091
67,177
61,007
480,181
110,906
Provision for depreciation and impairment
At 01 January 2024
342,449
54,417
55,987
125,012
107,033
Charge for year
39,385
3,692
3,447
29,374
2,872
(40,122)
-
-
(40,122)
-
On disposal
At 31 December 2024
341,712
58,109
59,434
114,264
109,905
At 31 December 2024
Net book value
1,001
126,827
7,743
2,898
138,469
At 31 December 2023
3,873
57,109
5,306
5,925
72,213
3. Inventories
2023
2024
£
£
Stocks
546,700
500,127
4. Trade and other receivables
2023
2024
£
£
Trade debtors
200,778
279,084
Other debtors
74,850
125,108
404,192
275,628
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
145,348
174,273
Taxation and social security
22,576
86,817
Other creditors
41,718
19,808
209,642
280,898
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7
For the year ended 31 December 2024
Glas-Craft (U.K.) Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
57,483
-
7. Average number of persons employed
During the year the average number of employees was 10 (2023 : 10)
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