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REGISTERED NUMBER: 07949956 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Glass Structures Limited

Glass Structures Limited (Registered number: 07949956)

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

Company Information | 1 |

Report of the Directors | 2 |

Income Statement | 3 |

Balance Sheet | 4 |

Notes to the Financial Statements | 5 |

Glass Structures Limited

Company Information

for the Year Ended 28 February 2025

| DIRECTORS: | Mr P J Balman

| Mr P B Balman

| Mr D Zaturskis

| REGISTERED OFFICE: | C/o BSM (UK) Accounants

| Unit 9, Creekmouth Industrial Estate

| 57 River Road

| Barking

| Essex

| IG11 0DA

| REGISTERED NUMBER: | 07949956 (England and Wales)

| ACCOUNTANTS: | BSM (U.K) Accountants Ltd

| Unit 9 Creekmouth Industrial Estate

| 57 River Road

| Barking

| Essex

| IG11 0DA

Glass Structures Limited (Registered number: 07949956)

Report of the Directors

for the Year Ended 28 February 2025

The directors present their report with the financial statements of the company for the year ended 28 February 2025.

INCORPORATION

The company was incorporated on 14 February 2012 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 March 2024 to the date of this report.

Mr P J Balman

Mr P B Balman

Mr D Zaturskis

Other changes in directors holding office are as follows:

Mr T D Mccarthy - resigned 14 February 2025

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr P B Balman - Director

30 April 2025

Glass Structures Limited (Registered number: 07949956)

Income Statement

for the Year Ended 28 February 2025

| Notes | £ | £ |

| TURNOVER | 2,096,115 |  |

| Cost of sales | 1,400,647 |  |

| GROSS PROFIT | 695,468 |  |

| Distribution costs | 31,938 |  |

| Administrative expenses | 558,550 |  |

|  | 590,488 |  |

| OPERATING PROFIT | 4 | 104,980 |  |

| Interest receivable and similar income | 988 |  |

105,968 |  |

| Interest payable and similar expenses | 35,461 |  |

| PROFIT BEFORE TAXATION | 70,507 |  |

| Tax on profit | 12,801 |  |

| PROFIT FOR THE FINANCIAL YEAR | 57,706 |  |

Glass Structures Limited (Registered number: 07949956)

Balance Sheet

28 February 2025

| Notes | £ | £ |

| FIXED ASSETS

| Tangible assets | 5 | 183,542 |  |

| CURRENT ASSETS

| Stocks | 42,575 |  |  |

| Debtors | 6 | 127,772 |  |  |

| Cash at bank | 48,165 |  |  |

218,512 |  |

| CREDITORS

| Amounts falling due within one year | 7 | 312,732 |  |

| NET CURRENT LIABILITIES | (94,220 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 89,322 |  |

| CAPITAL AND RESERVES

| Called up share capital | 100 |  |

| Retained earnings | 89,222 |  |

89,322 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:

Mr P B Balman - Director

Glass Structures Limited (Registered number: 07949956)

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| Glass Structures Limited is a private company, limited by shares , registered in England and Wales. 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.

| 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 | - | 20% on reducing balance

| 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 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.

| 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.

Glass Structures Limited (Registered number: 07949956)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 .

4. | OPERATING PROFIT

| The operating profit is stated after charging:

£ |

| Depreciation - owned assets | 45,886 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 March 2024 | 142,267 |  |

| Additions | 115,614 |  |

| At 28 February 2025 | 257,881 |  |

| DEPRECIATION

| At 1 March 2024 | 28,453 |  |

| Charge for year | 45,886 |  |

| At 28 February 2025 | 74,339 |  |

| NET BOOK VALUE

| At 28 February 2025 | 183,542 |  |

| At 29 February 2024 | 113,814 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

£ |

| Trade debtors | 109,354 |  |

| Other debtors | 18,418 |  |

127,772 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

£ |

| Trade creditors | 68,430 |  |

| Taxation and social security | 12,801 |  |

| Other creditors | 231,501 |  |

312,732 |  |