Union Glass Balustrades & Balconies Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 8

Union Glass Balustrades & Balconies Ltd

(Registration number: 15468561)
Statement of Financial Position as at 31 March 2025

	Note	2025 £
Fixed assets
Tangible assets	4	21,518
Current assets
Stocks		48,294
Debtors	5	27,012
Cash at bank and in hand		16,827
		92,133
Creditors: Amounts falling due within one year	6	(87,811)
Net current assets		4,322
Total assets less current liabilities		25,840
Provisions for liabilities		(5,380)
Net assets		20,460
Capital and reserves
Called up share capital	7	100
Profit and loss account		20,360
Shareholders' funds		20,460

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 3 November 2025 and signed on its behalf by:
 

T Barrow Director

Union Glass Balustrades & Balconies Ltd

Notes to the Unaudited Financial Statements for the Period from 5 February 2024 to 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
31-32 Emma Place
Plymouth
Devon
PL1 3QT

Principal activity

The principal activity of the company is manufacture, installation and repair of balustrades and balconies.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the entity.

Disclosure of long or short period

The company was incorporated on 5 February 2024 and these financial statements covers the 13 months period from incorporation to 31 March 2025.

Going concern

The financial statements have been prepared on a going concern basis.

Union Glass Balustrades & Balconies Ltd

Notes to the Unaudited Financial Statements for the Period from 5 February 2024 to 31 March 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% straight line
Motor vehicles	10% straight line

Union Glass Balustrades & Balconies Ltd

Notes to the Unaudited Financial Statements for the Period from 5 February 2024 to 31 March 2025 (continued)

2	Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Union Glass Balustrades & Balconies Ltd

Notes to the Unaudited Financial Statements for the Period from 5 February 2024 to 31 March 2025 (continued)

2	Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

Union Glass Balustrades & Balconies Ltd

Notes to the Unaudited Financial Statements for the Period from 5 February 2024 to 31 March 2025 (continued)

4	Tangible assets

	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
Additions	416	23,315	23,731
At 31 March 2025	416	23,315	23,731
Depreciation
Charge for the period	21	2,192	2,213
At 31 March 2025	21	2,192	2,213
Carrying amount
At 31 March 2025	395	21,123	21,518

5

Debtors

	Note	2025 £
Trade debtors		22,758
Amounts owed by related parties	9	753
Other debtors		1,060
Prepayments		2,441
		27,012

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £
Due within one year
Trade creditors		15,233
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	38,353
Taxation and social security		1,467
Accruals and deferred income		2,658
Other creditors		30,100
		87,811

Union Glass Balustrades & Balconies Ltd

Notes to the Unaudited Financial Statements for the Period from 5 February 2024 to 31 March 2025 (continued)

7	Share capital

Allotted, called up and fully paid shares

	2025
	No.	£
Ordinary A Shares of £1 each	90	90
Ordinary B Shares of £1 each	10	10
	100	100

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Union Glass Balustrades & Balconies Ltd

Notes to the Unaudited Financial Statements for the Period from 5 February 2024 to 31 March 2025 (continued)

9	Related party transactions

Transactions with directors

2025	At 5 February 2024 £	Repayments by director £	At 31 March 2025 £
Director	-	(30,100)	(30,100)

Summary of transactions with parent

The ultimate parent company is Manor Drive Investments Limited, a company registered in England and Wales, whose registered office is 31-32 Emma Place, Plymouth PL1 3QT.

Loans from related parties

2025	Parent £	Total £
Advanced	144	144
At end of period	144	144