8 01/04/2024 31/03/2025 2025-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-04-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 03730157 2024-04-01 2025-03-31 03730157 2025-03-31 03730157 2024-03-31 03730157 2023-04-01 2024-03-31 03730157 2024-03-31 03730157 2023-03-31 03730157 core:PlantMachinery 2024-04-01 2025-03-31 03730157 core:MotorVehicles 2024-04-01 2025-03-31 03730157 bus:RegisteredOffice 2024-04-01 2025-03-31 03730157 bus:LeadAgentIfApplicable 2024-04-01 2025-03-31 03730157 bus:Director1 2024-04-01 2025-03-31 03730157 bus:CompanySecretary1 2024-04-01 2025-03-31 03730157 core:PlantMachinery 2024-03-31 03730157 core:MotorVehicles 2024-03-31 03730157 core:PlantMachinery 2025-03-31 03730157 core:MotorVehicles 2025-03-31 03730157 core:DeferredTaxation 2024-04-01 2025-03-31 03730157 core:WithinOneYear 2025-03-31 03730157 core:WithinOneYear 2024-03-31 03730157 core:AfterOneYear 2024-03-31 03730157 core:UKTax 2024-04-01 2025-03-31 03730157 core:UKTax 2023-04-01 2024-03-31 03730157 core:ShareCapital 2025-03-31 03730157 core:ShareCapital 2024-03-31 03730157 core:RetainedEarningsAccumulatedLosses 2025-03-31 03730157 core:RetainedEarningsAccumulatedLosses 2024-03-31 03730157 core:PlantMachinery 2024-03-31 03730157 core:MotorVehicles 2024-03-31 03730157 core:DeferredTaxation 2024-03-31 03730157 core:DeferredTaxation 2025-03-31 03730157 bus:SmallEntities 2024-04-01 2025-03-31 03730157 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03730157 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03730157 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03730157 bus:FullAccounts 2024-04-01 2025-03-31
Company registration number: 03730157
Glaze & Frame Limited
Unaudited filleted financial statements
31 March 2025
Glaze & Frame Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Glaze & Frame Limited
Directors and other information
Director T A Sawyer
Secretary J Claydon
Company number 03730157
Registered office 388 Harrow Road
London
Greater London
W9 2HU
Accountants Pollock Taylor Ltd
Units 6-7, Thurrock Commercial Park
Juliette Way
Plurfleet
Essex
RM15 4YA
Glaze & Frame Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 6 22,686 28,431
_________ _________
22,686 28,431
Current assets
Stocks 12,410 18,880
Debtors 7 15,484 55,010
Cash at bank and in hand 1,164,723 968,296
_________ _________
1,192,617 1,042,186
Creditors: amounts falling due
within one year 8 ( 170,312) ( 208,567)
_________ _________
Net current assets 1,022,305 833,619
_________ _________
Total assets less current liabilities 1,044,991 862,050
Creditors: amounts falling due
after more than one year 9 - ( 4,161)
Provisions for liabilities 10 ( 4,310) ( 5,459)
_________ _________
Net assets 1,040,681 852,430
_________ _________
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,040,581 852,330
_________ _________
Shareholder funds 1,040,681 852,430
_________ _________
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 08 September 2025 , and are signed on behalf of the board by:
T A Sawyer
Director
Company registration number: 03730157
Glaze & Frame Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 388 Harrow Road, London, Greater London, W9 2HU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Motor vehicles - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2024: 9 ).
5. Tax on profit
Major components of tax expense
2025 2024
£ £
Current tax:
UK current tax expense 80,283 94,472
_________ _________
Deferred tax:
Origination and reversal of timing differences ( 1,149) ( 2,314)
_________ _________
Tax on profit 79,134 92,158
_________ _________
6. Tangible assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2024 30,874 64,351 95,225
Additions 2,350 - 2,350
Disposals - ( 14,353) ( 14,353)
_________ _________ _________
At 31 March 2025 33,224 49,998 83,222
_________ _________ _________
Depreciation
At 1 April 2024 28,389 38,405 66,794
Charge for the year 726 4,644 5,370
Disposals - ( 11,628) ( 11,628)
_________ _________ _________
At 31 March 2025 29,115 31,421 60,536
_________ _________ _________
Carrying amount
At 31 March 2025 4,109 18,577 22,686
_________ _________ _________
At 31 March 2024 2,485 25,946 28,431
_________ _________ _________
7. Debtors
2025 2024
£ £
Trade debtors 15,484 55,010
_________ _________
8. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 44,734 53,878
Corporation tax 80,283 94,472
Social security and other taxes 21,979 23,647
Other creditors 23,316 36,570
_________ _________
170,312 208,567
_________ _________
9. Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors - 4,161
_________ _________
10. Provisions
Deferred tax (note ) Total
£ £
At 1 April 2024 5,459 5,459
Additions ( 1,149) ( 1,149)
_________ _________
At 31 March 2025 4,310 4,310
_________ _________