Registration number: SC561147

AJ Glass & Glazing Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7
Accountants' Report	8

AJ Glass & Glazing Ltd

Company Information

Directors

Mr Alexander Jack Mrs Jane Jack

Registered office

Unit 4B Gateway Business Park Beancross Road Grangemouth Stirlingshire FK3 8WX

Accountants

EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

AJ Glass & Glazing Ltd

(Registration number: SC561147)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	77,158	98,687
Current assets
Stocks	5	28,000	38,000
Debtors	6	75,604	104,356
Cash at bank and in hand		46,424	51,979
		150,028	194,335
Creditors: Amounts falling due within one year	7	(232,659)	(276,603)
Net current liabilities		(82,631)	(82,268)
Total assets less current liabilities		(5,473)	16,419
Creditors: Amounts falling due after more than one year	7	(574)	(11,775)
Provisions for liabilities		(14,660)	(13,190)
Net liabilities		(20,707)	(8,546)
Capital and reserves
Called up share capital		100	100
Retained earnings		(20,807)	(8,646)
Shareholders' deficit		(20,707)	(8,546)

For the financial 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.

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 Profit and Loss Account.

Approved and authorised by the Board on 31 July 2025 and signed on its behalf by:
 

......................................... Mr Alexander Jack Director

AJ Glass & Glazing Ltd

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

1	General information

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

2	Accounting policies

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.

Going concern

It is the opinion of the directors that there is reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. For this reason the going concern basis has been adopted in preparing the financial statements for the period ended 31 March 2025

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.

Tangible assets

Tangible assets are stated in the balance sheet 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
Plant and machinery	Reducing balance at 15%
Motor vehicles	Reducing balance at 20%
Computer equipment	Straight line at 33%

AJ Glass & Glazing Ltd

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

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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 12).

AJ Glass & Glazing Ltd

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

4	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	289,435	7,591	1,875	298,901
Additions	366	-	-	366
Disposals	(20,000)	(1,537)	-	(21,537)
At 31 March 2025	269,801	6,054	1,875	277,730
Depreciation
At 1 April 2024	193,543	5,190	1,481	200,214
Charge for the year	13,512	1,892	79	15,483
Eliminated on disposal	(13,588)	(1,537)	-	(15,125)
At 31 March 2025	193,467	5,545	1,560	200,572
Carrying amount
At 31 March 2025	76,334	509	315	77,158
At 31 March 2024	95,892	2,401	394	98,687

5

Stocks

	2025 £	2024 £
Other inventories	28,000	38,000

AJ Glass & Glazing Ltd

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

6

Debtors

Current	2025 £	2024 £
Trade debtors	71,580	101,146
Prepayments	3,789	2,975
Other debtors	235	235
	75,604	104,356

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	23,529	23,026
Trade creditors		75,507	88,068
Taxation and social security		23,918	26,180
Other creditors		109,705	139,329
		232,659	276,603

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	574	11,775

AJ Glass & Glazing Ltd

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

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	574	11,775

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,649	10,648
Bank overdrafts	12,880	12,378
	23,529	23,026

9	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
 

	2025  £	2024  £
Within one year	18,604	23,496
Between two and five years	44,537	30,909
	63,141	54,405

10	Related party transactions

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

	2025  £	2024  £
Mr Alexander Jack	47,540	61,593
Mrs Jane Jack	47,541	61,594
	95,081	123,187

The maximum balance outstanding during the year amounted to £95,081.

The directors current accounts are repayable on demand.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
AJ Glass & Glazing Ltd
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AJ Glass & Glazing Ltd for the year ended 31 March 2025 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of AJ Glass & Glazing Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of AJ Glass & Glazing Ltd and state those matters that we have agreed to state to the Board of Directors of AJ Glass & Glazing Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AJ Glass & Glazing Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that AJ Glass & Glazing Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of AJ Glass & Glazing Ltd. You consider that AJ Glass & Glazing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of AJ Glass & Glazing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

31 July 2025