Smart Glazier Software UK Limited

	Page
Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3—5

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Page 2

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 15324489

		31 March 2025
	Notes	£	£
FIXED ASSETS
Intangible Assets	4		47,405
Tangible Assets	5		12,097

			59,502
CURRENT ASSETS
Debtors	6	112,408
Cash at bank and in hand		28,750

		141,158
Creditors: Amounts Falling Due Within One Year	7	(253,870 )

NET CURRENT ASSETS (LIABILITIES)			(112,712 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(53,210 )

NET LIABILITIES			(53,210 )

CAPITAL AND RESERVES
Called up share capital	8		100
Profit and Loss Account			(53,310 )

SHAREHOLDERS' FUNDS			(53,210)

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 2 December 2025 and were signed on its behalf by:

Mr D B Brennan

Director

The notes on pages 3 to 5 form part of these financial statements.

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Smart Glazier Software UK Limited

Notes to the Financial Statements

For the Period 3 December 2023 to 31 March 2025

Notes to the Financial Statements

1. General Information

Smart Glazier Software UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15324489 . The registered office is 91 Crane Avenue, Isleworth, TW7 7JR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Presentational Currency

The accounts are presented in and rounded to the nearest £1 sterling.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the from the rendering of services including license fees, installation of hardware and transfer pricing income. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Licence income

Turnover from the provision of software licensing is recognised over the license period agreed as part of the contract. Licenses for future periods that have been invoiced are deferred as necessary and recognised in the period in which they relate.

Hardware installation income

Turnover from the installation of hardware and software setup is recognised upon completion of the works. Any ongoing works at the reporting date are to be recognised as work in progress and subsequently recognised in the period in which they were carried out.

Transfer Pricing income

Transfer pricing income has been recognised on an arm's length basis.

Software and intellectual property income has been recognised using the net margin method, in which the UK subsidiary received a percentage of profit on software and intellectual property income.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of income and retained earnings over its useful economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

50% reducing balance

2.5. Taxation

Tax is recognised in the statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Smart Glazier Software UK Limited

Notes to the Financial Statements (continued)

For the Period 3 December 2023 to 31 March 2025

2.7. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8. Trade debtors

Short term debtors are measured at transaction price, less any impairment.

2.9. Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 5

4. Intangible Assets

	Goodwill
	£
Cost
As at 3 December 2023	-
Additions	53,165

As at 31 March 2025	53,165

Amortisation
As at 3 December 2023	-
Provided during the period	5,760

As at 31 March 2025	5,760

Net Book Value
As at 31 March 2025	47,405

As at 3 December 2023	-

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 3 December 2023	-
Additions	23,734

As at 31 March 2025	23,734

Depreciation
As at 3 December 2023	-
Provided during the period	11,637

As at 31 March 2025	11,637

Net Book Value
As at 31 March 2025	12,097

As at 3 December 2023	-

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Smart Glazier Software UK Limited

Notes to the Financial Statements (continued)

For the Period 3 December 2023 to 31 March 2025

6. Debtors

	31 March 2025
	£
Due within one year
Trade debtors	73,704
Prepayments and accrued income	16,018
Amounts owed by group undertakings	9,594

	99,316
Due after more than one year
Other debtors	13,092

	112,408

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025
	£
Trade creditors	19,761
Other taxes and social security	18,272
VAT	14,105
Net wages	25,560
Other creditors	1,176
Accruals and deferred income	76,168
Amounts owed to group undertakings	98,828

	253,870

8. Share Capital

	31 March 2025
	£
Allotted, Called up and fully paid	100

On incorporation, 100 £1 ordinary shares with issued at par value.

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 March 2025
	£
Not later than one year	36,367

	36,367

10. Related Party Transactions

The company has taken advantage of the exemption available in FRS102 Section 33.1A "Related party disclosures" whereby it has not disclosed transactions with wholly owned members of the group.

11. Ultimate Controlling Party

The company's ultimate controlling party is David Brennan , by virtue of a 100% shareholding in the ultimate parent company Smart Glazier Software Trustee Limited (registered in New Zealand).

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Director	Mr D B Brennan

Company Number	15324489

Registered Office	91 Crane Avenue
	Isleworth
	TW7 7JR

Accountants	Wellden Turnbull Limited
	Albany House Claremont Lane
	Esher
	Surrey
	KT10 9FQ