REGISTERED NUMBER: 02265850 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Futureglaze Windows Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr M R Dean

Mrs T A Dean

Secretary:

Mrs T A Dean

Registered office:

Unit 47

Gelli Industrial Estate

Gelli

Rhondda Cynon Taff

CF41 7UW

Registered number:

02265850 (England and Wales)

Accountants:

Curtis Bowden & Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

CF40 1AR

Fixed assets

Tangible assets

4

231,910

182,552

Current assets

Stocks

37,330

52,971

Debtors

5

66,746

36,063

Cash at bank and in hand

539,983

506,701

644,059

595,735

Creditors

Amounts falling due within one year

6

377,230

351,310

Net current assets

266,829

244,425

Total assets less current liabilities

498,739

426,977

Creditors

Amounts falling due after more than one year

7

(66,457

)

(56,036

)

Provisions for liabilities

(42,064

)

(32,559

)

Net assets

390,218

338,382

Capital and reserves

Called up share capital

3

3

Retained earnings

390,215

338,379

Shareholders' funds

390,218

338,382

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 30 September 2025 and were signed on its behalf by:

Mrs T A Dean - Director

1.	Statutory information

Futureglaze Windows 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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 items.

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.

3.	Employees and directors

The average number of employees during the year was 9 (2024 - 9 ) .

4.	Tangible fixed assets

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 July 2024

23,174

45,708

85,780

328,923

483,585

Additions

-

-

1,510

117,630

119,140

Disposals

-

-

-

(61,890

)

(61,890

)

At 30 June 2025

23,174

45,708

87,290

384,663

540,835

Depreciation

At 1 July 2024

23,174

40,024

71,043

166,792

301,033

Charge for year

-

1,421

4,061

49,197

54,679

Eliminated on disposal

-

-

-

(46,787

)

(46,787

)

At 30 June 2025

23,174

41,445

75,104

169,202

308,925

Net book value

At 30 June 2025

-

4,263

12,186

215,461

231,910

At 30 June 2024

-

5,684

14,737

162,131

182,552

Included in the fixed assets are motor vehicles held under a hire purchase contract at a cost price of £214,550 (2024 : £112,880 and a net book value of £142,521 (2024 : £71,111) The depreciation charge on these assets was £30,259 (2024 : £23,074)

5.

Debtors: amounts falling due within one year

30.6.25

30.6.24

£

£

Trade debtors

46,806

23,682

Other debtors

19,940

12,381

66,746

36,063

6.

Creditors: amounts falling due within one year

30.6.25

30.6.24

£

£

Hire purchase contracts

48,762

28,938

Trade creditors

176,290

159,676

Taxation and social security

76,853

51,302

Other creditors

75,325

111,394

377,230

351,310

7.

Creditors: amounts falling due after more than one year

30.6.25

30.6.24

£

£

Hire purchase contracts

66,457

56,036

8.	Secured debts

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Hire purchase contracts

115,219

84,974

9.	Contingent liabilities

Contingent liabilities exist in respect of guarantees given by the company on certain of its products.

10.	Related party disclosures

The company has entered into rental agreements with the Futureglaze Windows Limited Pension Fund over the continued use of the properties previously sold to the Pension Fund.

The beneficiaries of the Pension Fund are the directors.