A Carroll Double Glazing Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC340585 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

A Carroll Double Glazing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Carroll

Mrs M Carroll

SECRETARY:

Mrs M Carroll

REGISTERED OFFICE:

Unit 6, Block F,

Glenwood Business Centre

Glenwood Place

Glasgow

G45 9UH

REGISTERED NUMBER:

SC340585 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Intangible assets

4

-

4,875

Tangible assets

5

1,206

383

1,206

5,258

CURRENT ASSETS

Stocks

21,175

14,128

Debtors

6

31,238

63,279

Cash at bank and in hand

75,805

18,303

128,218

95,710

CREDITORS

Amounts falling due within one year

7

91,107

88,071

NET CURRENT ASSETS

37,111

7,639

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,317

12,897

CREDITORS

Amounts falling due after more than one
year

8

(1,000

)

(7,000

)

PROVISIONS FOR LIABILITIES

(260

)

(73

)

NET ASSETS

37,057

5,824

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

36,957

5,724

SHAREHOLDERS' FUNDS

37,057

5,824

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 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 23 September 2025 and were signed on its behalf by:

B Carroll - Director

1.	STATUTORY INFORMATION

A Carroll Double Glazing Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover represents amounts chargeable, excluding value added tax, in respect of the date of goods and services to customers.

Turnover from the provision of glazing services is recognised when significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

Goodwill

Goodwill is the amount paid in connection with the acquisition of a business in 2009. The goodwill is now being amortised over 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost, 20% on cost, 10% on reducing balance and Straight line over 3 years

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial assets which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities which include creditors and loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

75,000

AMORTISATION

At 1 April 2024

70,125

Charge for year

4,875

At 31 March 2025

75,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

4,875

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

31,813

Additions

1,182

At 31 March 2025

32,995

DEPRECIATION

At 1 April 2024

31,430

Charge for year

359

At 31 March 2025

31,789

NET BOOK VALUE

At 31 March 2025

1,206

At 31 March 2024

383

6.

DEBTORS

31.3.25

31.3.24

£

Amounts falling due within one year:

Trade debtors

140

15,233

Other debtors

22,613

39,561

22,753

54,794

Amounts falling due after more than one year:

Other debtors

8,485

Aggregate amounts

31,238

63,279

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

6,000

Trade creditors

41,885

41,023

Taxation and social security

28,873

33,053

Other creditors

14,349

7,995

91,107

88,071

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

1,000

7,000

9.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

Within one year

10,000

-

Between one and five years

21,667

-

31,667

-

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mrs M Carroll

Balance outstanding at start of year

39,251

25,139

Amounts advanced

-

55,133

Amounts repaid

(16,800

)

(41,021

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

22,451

39,251

There is no fixed repayment date and there is no interest charged on this loan.