Art With Glass Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 13953810

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		38,500		44,000
Tangible Assets	5		23,612		28,734

			62,112		72,734
CURRENT ASSETS
Stocks	6	82,000		76,445
Debtors	7	196,226		126,843
Cash at bank and in hand		182,597		120,991

		460,823		324,279
Creditors: Amounts falling due within one year	8	(296,063 )		(221,847 )

NET CURRENT ASSETS (LIABILITIES)			164,760		102,432

TOTAL ASSETS LESS CURRENT LIABILITIES			226,872		175,166

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,518 )		(5,491 )

NET ASSETS			222,354		169,675

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			222,254		169,575

SHAREHOLDERS' FUNDS			222,354		169,675

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Art With Glass Ltd

Balance Sheet (continued)

As At 31 March 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr James Williamson

Director

22/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Art With Glass Ltd is a private company limited by shares, and is incorporated in England & Wales (registered number 13953810 .) Its registered office is located at 62 The Street, Ashtead, Surrey, KT21 1AT.

The principal activity of the company continued to be that of shaping and processing of flat glass.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

These financial statements are the first financial statements that comply with FRS102 Secton 1A Small Entities. Previously FRS105 for Micro-entries was used.

The transition to FRS102 Section A small entities has resulted in adopting an accounting policy for deferred taxation which has necessitated a restatement of the comparative figures.

The financial statements are presented in sterling, which is the functional currency of the company.

2.2. Significant judgements and estimations

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Estimates and their underlying assumptions are reviewed on an ongoing basis.

The items in the financial statements where these judgements and estiamtes have been made include:

- The useful life of assets

2.3. Turnover

Turnover from the sale of goods is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Turnover from the sale of goods is recognised when the company has fulfilled its contractual obligations and the significant risks and rewards of ownership of the goods has transferred to the customer. This is usually at the point that the customer has taken delivery of the goods.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is capitalised on the balance sheet and amortised over its estimated useful economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Straight line
Fixtures & Fittings	20% Straight line
Computer Equipment	20% Straight line

2.6. Leasing and Hire Purchase Contracts

Operating leases

Rentals payable under operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged to profit and loss account on a straight line basis over the lease term.

2.7. Stocks and Work in Progress

Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work-in-progress is valued at the lower of cost and net realisable value and is reflected in the financial statements on a contract-by-contract basis by recording turnover and related costs as contract activity progresses.

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Art With Glass Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans with related parties and other third parties.

Financial Assets

Basic financial assets, including trade and other receivables, and cash and bank balances are recognised at transaction price, less any impairment.

Financial Liabilities

Basic financial liabilities, including trade and other payables, are recognised at transaction price, less any impairment, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2.9. Taxation

The overall tax charge represents the sum of the tax currently payable and deferred tax.

Current and deferred tax are recognised in the profit and loss account for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively. On the grounds of immateriality, deferred tax assets and liabilities are not discounted.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because it excludes items of income and expenditure that are not taxable or deductible, or that are taxable or deductible in other accounting periods. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.11. Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 8)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	55,000

As at 31 March 2025	55,000

Amortisation
As at 1 April 2024	11,000
Provided during the period	5,500

As at 31 March 2025	16,500

Net Book Value
As at 31 March 2025	38,500

As at 1 April 2024	44,000

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Art With Glass Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 April 2024	37,696
Additions	2,976

As at 31 March 2025	40,672

Depreciation
As at 1 April 2024	8,962
Provided during the period	8,098

As at 31 March 2025	17,060

Net Book Value
As at 31 March 2025	23,612

As at 1 April 2024	28,734

6. Stocks

	2025	2024 as restated
	£	£
Stock	82,000	76,445

7. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	162,886	101,321
Other debtors	33,340	25,522

	196,226	126,843

8. Creditors: Amounts falling due within one year

	2025	2024 as restated
	£	£
Trade creditors	27,218	18,978
Other creditors	164,766	117,255
Taxation and social security	104,079	85,614

	296,063	221,847

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Art With Glass Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Transition to FRS 102

	At 31 March 2024		At 31 March 2024
	As previously stated	Effect of transition	FRS 102 (as restated)
	£	£	£
Profit before taxation	146,297		146,297
Taxation	(34,228)	(1,858)	(36,086)
Profit on ordinary activities after taxation	112,069	(1,858)	110,211

The company transitioned from FRS105 to FRS102 Section 1A small entities as from 1 March 2024. A transition adjustment was made introducing a deferred taxation provision in the comparative figures.

This transition adjustment also reduced the Profit and Loss reserves at 1st April 2023 by £3,634.

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