8 8 Peter Anderson (Glazing) Limited SC102553 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is Glaziers Digita Accounts Production Advanced 6.30.9574.0 true SC102553 2024-02-01 2025-01-31 SC102553 2025-01-31 SC102553 core:RetainedEarningsAccumulatedLosses 2025-01-31 SC102553 core:ShareCapital 2025-01-31 SC102553 core:CurrentFinancialInstruments 2025-01-31 SC102553 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 SC102553 core:Non-currentFinancialInstruments 2025-01-31 SC102553 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 SC102553 core:FurnitureFittingsToolsEquipment 2025-01-31 SC102553 core:MotorVehicles 2025-01-31 SC102553 bus:SmallEntities 2024-02-01 2025-01-31 SC102553 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 SC102553 bus:FilletedAccounts 2024-02-01 2025-01-31 SC102553 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC102553 bus:RegisteredOffice 2024-02-01 2025-01-31 SC102553 bus:Director2 2024-02-01 2025-01-31 SC102553 bus:Director3 2024-02-01 2025-01-31 SC102553 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC102553 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 SC102553 core:MotorVehicles 2024-02-01 2025-01-31 SC102553 core:AllAssociates 2024-02-01 2025-01-31 SC102553 countries:Scotland 2024-02-01 2025-01-31 SC102553 2024-01-31 SC102553 core:FurnitureFittingsToolsEquipment 2024-01-31 SC102553 core:MotorVehicles 2024-01-31 SC102553 2023-02-01 2024-01-31 SC102553 2024-01-31 SC102553 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC102553 core:ShareCapital 2024-01-31 SC102553 core:CurrentFinancialInstruments 2024-01-31 SC102553 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 SC102553 core:Non-currentFinancialInstruments 2024-01-31 SC102553 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 SC102553 core:FurnitureFittingsToolsEquipment 2024-01-31 SC102553 core:MotorVehicles 2024-01-31 xbrli:pure iso4217:GBP

Registration number: SC102553

Peter Anderson (Glazing) Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025

 

Peter Anderson (Glazing) Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Peter Anderson (Glazing) Limited

(Registration number: SC102553)
Statement of Financial Position as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

127,893

62,905

Current assets

 

Stocks

9,000

10,000

Debtors

5

61,969

107,840

Cash at bank and in hand

 

335,427

388,702

 

406,396

506,542

Creditors: Amounts falling due within one year

6

(101,910)

(86,245)

Net current assets

 

304,486

420,297

Total assets less current liabilities

 

432,379

483,202

Creditors: Amounts falling due after more than one year

6

(11,851)

(11,851)

Provisions for liabilities

(6,527)

(3,381)

Net assets

 

414,001

467,970

Capital and reserves

 

Called up share capital

775

775

Retained earnings

413,226

467,195

Shareholders' funds

 

414,001

467,970

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 29 August 2025 and signed on its behalf by:
 

.........................................
Mr Darren Anderson
Director

.........................................
Mrs Michelle Jean Anderson
Director

 
     
 

Peter Anderson (Glazing) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
31 Alpin Road
DUNDEE
DD3 6HZ
Scotland

These financial statements were authorised for issue by the Board on 29 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

 

Peter Anderson (Glazing) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment & Fittings

15% reducing balance

Motor Vehicles

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Peter Anderson (Glazing) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 8 (2024 - 8).

 

Peter Anderson (Glazing) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

29,626

146,771

176,397

Additions

499

114,000

114,499

Disposals

-

(88,500)

(88,500)

At 31 January 2025

30,125

172,271

202,396

Depreciation

At 1 February 2024

26,755

86,737

113,492

Charge for the year

455

14,619

15,074

Eliminated on disposal

-

(54,063)

(54,063)

At 31 January 2025

27,210

47,293

74,503

Carrying amount

At 31 January 2025

2,915

124,978

127,893

At 31 January 2024

2,871

60,034

62,905

5

Debtors

Current

2025
£

2024
£

Trade debtors

18,400

20,993

Prepayments

1,069

1,847

Other debtors

42,500

85,000

 

61,969

107,840

 

Peter Anderson (Glazing) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

45,393

37,464

Taxation and social security

13,268

22,274

Accruals and deferred income

11,239

10,775

Other creditors

32,010

15,732

101,910

86,245

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

11,851

11,851

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

11,851

11,851

8

Related party transactions

Summary of transactions with associates

At year end there was an intercompany loan of £42,500 with an associated company, with no interest charged on the loan.