Excel Glass Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: NI012222

		31 December 2024		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,927,458		1,340,683

			1,927,458		1,340,683
CURRENT ASSETS
Stocks		270,926		339,600
Debtors		353,644		520,417
Cash at bank and in hand		843,934		656,943

		1,468,504		1,516,960
Creditors: Amounts Falling Due Within One Year		(392,112 )		(272,683 )

NET CURRENT ASSETS (LIABILITIES)			1,076,392		1,244,277

TOTAL ASSETS LESS CURRENT LIABILITIES			3,003,850		2,584,960

Creditors: Amounts Falling Due After More Than One Year			-		(18,333 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			(14,845 )		(19,821 )

NET ASSETS			2,989,005		2,546,806

CAPITAL AND RESERVES
Called up share capital	5		100,000		100,000
Share premium account			250,000		250,000
Fair value reserve	6		1,263,406		637,139
Profit and Loss Account			1,375,599		1,559,667

SHAREHOLDERS' FUNDS			2,989,005		2,546,806

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Excel Glass Limited

Abridged Balance Sheet (continued)

As At 31 December 2024

For the period ending 31 December 2024 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.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Robin Carroll

Director

30/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Excel Glass Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI012222 . The registered office is Musgrave Park Industrial Estate, Stockmans Way, Belfast, BT9 7ET.

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.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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:

The company follows the Revaluation Model under IAS 16 – Property, Plant, and Equipment, where long leasehold buildings are periodically revalued to reflect their fair value. During the year the net book value was of £780,000. The Compnay revaluation reserves was credited by £551,161.The Fair value of the land & buildings of £1,600.000 is being written off on the straight line basis over 20 years.

Freehold	4% on cost
Plant & Machinery	25% on cost and 15% on cost
Motor Vehicles	25% Straight Line
Fixtures & Fittings	15% Straight Line

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

The company revalued its investment property which is accounted at a fair value of £500,000 resulting in a fair value gain of £80,000, which has been recognized in Other Income in the Statement of Profit or Loss. No depreciation is charged as per IAS 40 – Investment Property, and management will continue to assess the fair value annually.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued 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 reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 33 (2024: 34)

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Excel Glass Limited

Notes to the Abridged Financial Statements (continued)

For the Period 1 April 2024 to 31 December 2024

4. Tangible Assets

	Total
	£
Cost or Valuation
As at 1 April 2024	4,048,937
Additions	35,000
Revaluation	626,267

As at 31 December 2024	4,710,204

Depreciation
As at 1 April 2024	2,708,254
Provided during the period	74,492

As at 31 December 2024	2,782,746

Net Book Value
As at 31 December 2024	1,927,458

As at 1 April 2024	1,340,683

5. Share Capital

	31 December 2024	31 March 2024
	£	£
Allotted, Called up and fully paid	100,000	100,000

6. Reserves

	Fair Value Reserve
	£
As at 1 April 2024	637,139
Movements in fair value reserve	626,267

As at 31 December 2024	1,263,406

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