REGISTERED NUMBER: 09824609 (England and Wales)

MULTIGLAZE SERVICES LIMITED

Unaudited Financial Statements

for the Period 1 November 2023 to 30 October 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N D Harris

REGISTERED OFFICE:

Unit 21

Coneygree Industrial Estate

Tipton

West Midlands

DY4 8XP

REGISTERED NUMBER:

09824609 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

8,863

11,662

CURRENT ASSETS

Debtors

5

71,334

161,232

Cash at bank

5,089

13,720

76,423

174,952

CREDITORS

Amounts falling due within one year

6

43,253

125,836

NET CURRENT ASSETS

33,170

49,116

TOTAL ASSETS LESS CURRENT LIABILITIES

42,033

60,778

CREDITORS

Amounts falling due after more than one year

7

(39,993

)

(24,913

)

PROVISIONS FOR LIABILITIES

8

(1,773

)

(2,916

)

NET ASSETS

267

32,949

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

167

32,849

SHAREHOLDERS' FUNDS

267

32,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 October 2025 and were signed by:

N D Harris - Director

1.	STATUTORY INFORMATION

Multiglaze Services 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

-

20% on cost

Motor vehicles

-

20% on cost

Taxation

Taxation for the period 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 period 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 period was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2023

and 30 October 2024

750

13,995

400

15,145

DEPRECIATION

At 1 November 2023

750

2,333

400

3,483

Charge for period

-

2,799

-

2,799

At 30 October 2024

750

5,132

400

6,282

NET BOOK VALUE

At 30 October 2024

-

8,863

-

8,863

At 31 October 2023

-

11,662

-

11,662

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

64,432

158,734

Other debtors

-

2,498

Directors' current accounts

4,404

-

Prepayments

2,498

-

71,334

161,232

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

43,570

Trade creditors

15,757

45,499

Social security and other taxes

21,596

26,067

Directors' current accounts

-

4,800

Accruals and deferred income

5,900

5,900

43,253

125,836

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

31,254

17,848

Bank loans - 2-5 years

8,739

7,065

39,993

24,913

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

1,773

2,916

Deferred

tax

£

Balance at 1 November 2023

2,916

Provided during period

(1,143

)

Balance at 30 October 2024

1,773

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 October 2024 and the year ended 31 October 2023:

2024

2023

£

£

N D Harris

Balance outstanding at start of period

(4,800

)

(3,847

)

Amounts advanced

70,704

74,690

Amounts repaid

(61,500

)

(75,643

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

4,404

(4,800

)