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REGISTERED NUMBER: SC212827 (Scotland)















Financial Statements For The Period 1 March 2024 to 31 August 2024

for

Indeglas Limited

Indeglas Limited (Registered number: SC212827)






Contents of the Financial Statements
For The Period 1 March 2024 to 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Indeglas Limited

Company Information
For The Period 1 March 2024 to 31 August 2024







DIRECTORS: Mrs J B MacIntyre
I D Mcalpine





SECRETARY: Mrs J B MacIntyre





REGISTERED OFFICE: 3 Duncan Mcintosh Road
Wardpark North
Cumbernauld
G68 0HH





REGISTERED NUMBER: SC212827 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Indeglas Limited (Registered number: SC212827)

Statement of Financial Position
31 August 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 155,245 104,927
155,245 104,927

CURRENT ASSETS
Stocks 316,724 287,865
Debtors 6 351,253 688,814
Cash at bank 140,628 262,889
808,605 1,239,568
CREDITORS
Amounts falling due within one year 7 447,910 680,099
NET CURRENT ASSETS 360,695 559,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,940

664,396

CREDITORS
Amounts falling due after more than one
year

8

(97,771

)

(137,546

)

PROVISIONS FOR LIABILITIES (10,736 ) (18,274 )
NET ASSETS 407,433 508,576

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 407,430 508,573
407,433 508,576

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

Indeglas Limited (Registered number: SC212827)

Statement of Financial Position - continued
31 August 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2025 and were signed on its behalf by:





Mrs J B MacIntyre - Director


Indeglas Limited (Registered number: SC212827)

Notes to the Financial Statements
For The Period 1 March 2024 to 31 August 2024

1. STATUTORY INFORMATION

Indeglas 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.

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


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
The turnover shown in the profit and loss account represents the sales value of work carried out during the year on long term and other contracts, exclusive of Value Added Tax.

Goodwill
Goodwill arising on the acquisition of businesses, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written orr on a straight line basis over its useful economic life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixed plant and equipment - 33.33% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, alter making due allowance for obsolete and slow moving items.

Cost is purchase price on a first-in first-out basis.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the period 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 statement of financial position date.


Indeglas Limited (Registered number: SC212827)

Notes to the Financial Statements - continued
For The Period 1 March 2024 to 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

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 period 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme arc charged lo profit or loss in the period to which they relate.

Long term contracts
The company classifies as long term those contracts where the contract activity extends over more than one accounting period.

The amount recognised as turnover represents the value of work carried out during the year. Where the outcome of a contract can be assessed with reasonable certainty attributable profit is recognised in proportion lo the amount of turnover recognised in the financial statements. Full provision is made for any foreseeable losses and these arc included in accruals under creditors due within one year.

Where the amount recognised as turnover exceeds the payments on account received and receivable in respect of that contract, the balance is included in debtors as amounts recoverable on contracts. Retentions and payments on account receivable arc included in trade debtors. Payments on account received in excess of the value of work done arc included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2024 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 31 August 2024 7,000
AMORTISATION
At 1 March 2024
and 31 August 2024 7,000
NET BOOK VALUE
At 31 August 2024 -
At 29 February 2024 -

Indeglas Limited (Registered number: SC212827)

Notes to the Financial Statements - continued
For The Period 1 March 2024 to 31 August 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixed Fixtures
to plant and and
property equipment fittings
£    £    £   
COST
At 1 March 2024 162,284 79,721 23,163
Additions 70,060 - -
At 31 August 2024 232,344 79,721 23,163
DEPRECIATION
At 1 March 2024 106,407 31,086 23,163
Charge for period 6,929 12,666 -
At 31 August 2024 113,336 43,752 23,163
NET BOOK VALUE
At 31 August 2024 119,008 35,969 -
At 29 February 2024 55,877 48,635 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2024 2,000 59,958 327,126
Additions - - 70,060
At 31 August 2024 2,000 59,958 397,186
DEPRECIATION
At 1 March 2024 2,000 59,543 222,199
Charge for period - 147 19,742
At 31 August 2024 2,000 59,690 241,941
NET BOOK VALUE
At 31 August 2024 - 268 155,245
At 29 February 2024 - 415 104,927

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade debtors 221,124 556,660
Other debtors 66,984 69,928
Directors' current accounts 6,000 6,000
Tax 3,694 4,523
VAT - 16,434
Prepayments 53,451 35,269
351,253 688,814

Indeglas Limited (Registered number: SC212827)

Notes to the Financial Statements - continued
For The Period 1 March 2024 to 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Other loans 78,831 86,408
Payments on account 83,016 177,969
Trade creditors 176,609 324,285
Amounts owed to group undertakings 37,932 37,327
Social security and other taxes 19,467 14,345
VAT 323 -
Other creditors 1,135 1,580
Accrued expenses 38,530 26,118
Deferred government grants 12,067 12,067
447,910 680,099

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2024
£    £   
Other loans - 1-2 years 21,648 44,045
Other loans - 2-5 years 70,090 81,434
Deferred government grants 6,033 12,067
97,771 137,546

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2024
£    £   
Within one year 33,136 33,136
Between one and five years 59,266 75,320
92,402 108,456

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 August 2024 and the year ended 29 February 2024:

2024 2024
£    £   
Mrs J B MacIntyre
Balance outstanding at start of period (6,000 ) (6,000 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (6,000 ) (6,000 )

Indeglas Limited (Registered number: SC212827)

Notes to the Financial Statements - continued
For The Period 1 March 2024 to 31 August 2024

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J B MacIntyre.

The company was under the control of Mrs J B MacIntyre throughout the current and previous year by virtue of her shareholding in the ultimate parent company, Kewcalian Limited.