| Glas-Craft (U.K.) Limited |
| Registered Number:02325396 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
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
Glas-Craft (U.K.) Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
138,469
72,213
2
138,469
72,213
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
100
100
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: |
1 of 5
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 |
2 of 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. |
143 Turton Road
Tottington
Bury
Lancashire
BL8 3QA
| The presentation currency is £ sterling. |
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
Computer equipment
Motor vehicles
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. |
3 of 5
For the year ended 31 December 2024
Glas-Craft (U.K.) Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
414,662
60,342
61,293
182,121
110,906
112,851
665
5,884
106,302
-
-
-
(47,332)
-
(47,332)
241,091
67,177
61,007
480,181
110,906
| Provision for depreciation and impairment |
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)
-
341,712
58,109
59,434
114,264
109,905
1,001
126,827
7,743
2,898
138,469
3,873
57,109
5,306
5,925
72,213
2023
2024
546,700
500,127
| 4. Trade and other receivables |
2023
2024
200,778
279,084
74,850
125,108
404,192
275,628
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
145,348
174,273
| Taxation and social security |
22,576
86,817
41,718
19,808
209,642
280,898
4 of 5
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
57,483
-
| 7. Average number of persons employed |
During the year the average number of employees was 10 (2023 : 10)
5 of 5