Company registration number 05265194 (England and Wales)
ADVANCED GLAZING SYSTEMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ADVANCED GLAZING SYSTEMS LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
ADVANCED GLAZING SYSTEMS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
75,663
68,298
Current assets
Stocks
39,778
35,899
Debtors
4
20,173
25,546
Cash at bank and in hand
255,286
292,463
315,237
353,908
Creditors: amounts falling due within one year
5
(226,988)
(221,632)
Net current assets
88,249
132,276
Total assets less current liabilities
163,912
200,574
Creditors: amounts falling due after more than one year
6
(25,502)
(30,502)
Provisions for liabilities
7
(18,916)
(17,057)
Net assets
119,494
153,015
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
119,394
152,915
Total equity
119,494
153,015
ADVANCED GLAZING SYSTEMS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 October 2025 and are signed on its behalf by:
A L Barnett
Director
Company registration number 05265194 (England and Wales)
ADVANCED GLAZING SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Advanced Glazing Systems Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4a Folkes Farm, Folkes Lane, Upminster, Essex, RM14 1TH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of goods and services. Where payments are received from customers in advance of services provided these amounts are recorded as deferred income and included in creditors due within one year.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ADVANCED GLAZING SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is then settled or the asset realised, based on tax rates that have been enacted or substantively enacted by the end of the reporting period.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2024
119,467
Additions
28,691
Disposals
(20,984)
At 31 March 2025
127,174
Depreciation and impairment
At 1 April 2024
51,169
Depreciation charged in the year
19,643
Eliminated in respect of disposals
(19,301)
At 31 March 2025
51,511
Carrying amount
At 31 March 2025
75,663
At 31 March 2024
68,298
ADVANCED GLAZING SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
5,275
18,860
Other debtors
13,789
5,413
Prepayments and accrued income
1,109
1,273
20,173
25,546
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,000
5,000
Trade creditors
121,091
105,341
Corporation tax
45,845
35,208
Other taxation and social security
38,452
39,903
Accruals and deferred income
16,600
36,180
226,988
221,632
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loan
25,502
30,502
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
18,916
17,057
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
25
25
25
25
Ordinary B Shares of £1 each
25
25
25
25
Ordinary C Shares of £1 each
23
23
23
23
Ordinary D Shares of £1 each
23
23
23
23
Ordinary E Shares of £1 each
4
4
4
4
100
100
100
100
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