REGISTERED NUMBER: SC468515 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FIBREGLO INSULATIONS LIMITED

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

186,082

115,326

CURRENT ASSETS

Debtors

563,642

294,383

Cash at bank

425,573

175,125

989,215

469,508

CREDITORS

Amounts falling due within one year

177,847

31,926

NET CURRENT ASSETS

811,368

437,582

TOTAL ASSETS LESS CURRENT LIABILITIES

997,450

552,908

PROVISIONS FOR LIABILITIES

28,832

28,832

NET ASSETS

968,618

524,076

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

968,518

523,976

968,618

524,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2025 and were signed by:

G Coburn - Director

1.	STATUTORY INFORMATION

Fibreglo Insulations Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC468515

Registered office:

Unit 21A

Glencryan Road

Carbrain Industrial Estate

Cumbernauld

G67 2UH

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 and revenue recognition

Turnover represents net invoiced sales of insulation services, excluding VAT. Revenue is recognised when services are provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their

settlement value.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

189,309

Additions

131,415

Disposals

(22,412

)

At 31 March 2025

298,312

DEPRECIATION

At 1 April 2024

73,983

Charge for year

59,659

Eliminated on disposal

(21,412

)

At 31 March 2025

112,230

NET BOOK VALUE

At 31 March 2025

186,082

At 31 March 2024

115,326

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

Additions

34,730

At 31 March 2025

34,730

DEPRECIATION

Charge for year

9,306

At 31 March 2025

9,306

NET BOOK VALUE

At 31 March 2025

25,424

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Other loans

2,145

25,174

The bank overdraft & other loans are secured by personal guarantees from the directors.

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director