REGISTERED NUMBER: 07231796 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

WEALDEN GLASS LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

18,750

22,264

CURRENT ASSETS

Stocks

2,016

8,827

Debtors

5

124,717

113,794

Cash at bank

312,664

261,846

439,397

384,467

CREDITORS

Amounts falling due within one year

6

167,248

133,129

NET CURRENT ASSETS

272,149

251,338

TOTAL ASSETS LESS CURRENT LIABILITIES

290,899

273,602

PROVISIONS FOR LIABILITIES

7

4,594

5,450

NET ASSETS

286,305

268,152

CAPITAL AND RESERVES

Called up share capital

450

450

Retained earnings

285,855

267,702

286,305

268,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:

Mr G R Morphew - Director

1.	STATUTORY INFORMATION

Wealden Glass Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07231796

Registered office:

3rd Floor

21 Perrymount Road

Haywards Heath

RH16 3TP

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

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 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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2024

8,905

43,991

2,818

55,714

Additions

2,425

-

-

2,425

At 30 April 2025

11,330

43,991

2,818

58,139

DEPRECIATION

At 1 May 2024

5,594

26,155

1,701

33,450

Charge for year

1,201

4,459

279

5,939

At 30 April 2025

6,795

30,614

1,980

39,389

NET BOOK VALUE

At 30 April 2025

4,535

13,377

838

18,750

At 30 April 2024

3,311

17,836

1,117

22,264

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

109,307

103,240

Other debtors

15,410

10,554

124,717

113,794

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

35,348

28,584

Taxation and social security

52,404

44,708

Other creditors

79,496

59,837

167,248

133,129

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

4,594

5,450

Deferred

tax

£

Balance at 1 May 2024

5,450

Movement in year

(856

)

Balance at 30 April 2025

4,594

8.	RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £1,663 (2024: £1,663) as monies owed by Wealden Glass Ltd to GRM Property Services Ltd a company controlled by Mr G Morphew.