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Registration number: SC121033

Nessglaze Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Nessglaze Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Nessglaze Limited

Company Information

Director | Mr William Macritchie

Registered office | Units 1-4 Parkend Industrial Estate Stornoway Isle of Lewis Scotland HS2 0AN

Accountants | Tax Solutions Scotland Limited 1 Lennox Road Lennoxtown Glasgow G66 7HN

Nessglaze Limited

(Registration number: SC121033)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 257,551 | 315,126
Investment property | 5 | 385,000 | 232,773
|  | 642,551 | 547,899
Current assets |  |  |
Stocks | 6 | 271,000 | 214,440
Debtors | 7 | 207,768 | 161,108
Cash at bank and in hand |  | 779,156 | 873,237
|  | 1,257,924 | 1,248,785
Creditors: Amounts falling due within one year | 8 | (239,626) | (238,509)
Net current assets |  | 1,018,298 | 1,010,276
Total assets less current liabilities |  | 1,660,849 | 1,558,175
Provisions for liabilities |  | (37,019) | (25,697)
Net assets |  | 1,623,830 | 1,532,478
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 1,623,730 | 1,532,378
Shareholders' funds |  | 1,623,830 | 1,532,478

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 December 2025

......................................... Mr William Macritchie Director

Nessglaze Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Units 1-4 Parkend Industrial Estate
Stornoway
Isle of Lewis
HS2 0AN
Scotland

These financial statements were authorised for issue by the director on 4 December 2025.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Asset class | Depreciation method and rate
Freehold property | 2% on cost
Improvements to property | 10% on cost
Plant and machinery | 20% on reducing balance
Fixtures and fittings | 20% on cost
Motor vehicles | 25% on reducing balance

Investment property

Investment property is shown at more recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Nessglaze Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Defined contribution pension obligation

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 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 20 (2024 - 22).

Nessglaze Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Tangible assets

| Freehold property £ | Improvements to property £ | Plant and machinery £ | Fixtures and fittings £ | Motor vehicles £ | Total £
Cost or valuation
At 1 September 2024 | 220,283 | 76,112 | 262,319 | 12,956 | 174,534 | 746,204
Additions | - | 5,591 | - | 973 | 105,010 | 111,574
Disposals | - | - | - | - | (27,160) | (27,160)
Transfers to/from investment property | (153,875) | - | - | - | - | (153,875)
At 31 August 2025 | 66,408 | 81,703 | 262,319 | 13,929 | 252,384 | 676,743
Depreciation
At 1 September 2024 | 44,474 | 45,666 | 213,389 | 11,709 | 115,840 | 431,078
Charge for the year | 1,329 | 7,612 | 9,786 | 372 | 23,579 | 42,678
Eliminated on disposal | - | - | - | - | (20,714) | (20,714)
Transfers | (33,850) | - | - | - | - | (33,850)
At 31 August 2025 | 11,953 | 53,278 | 223,175 | 12,081 | 118,705 | 419,192
Carrying amount
At 31 August 2025 | 54,455 | 28,425 | 39,144 | 1,848 | 133,679 | 257,551
At 31 August 2024 | 175,809 | 30,446 | 48,930 | 1,247 | 58,694 | 315,126

Nessglaze Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5 | Investment properties

| 2025 £
At 1 September | 232,773
Transfer from fixed assets | 120,025
Fair value adjustments | 32,202
At 31 August | 385,000

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 130,182 | 101,986
Other inventories | 140,818 | 112,454
| 271,000 | 214,440

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 207,768 | 161,108
| 207,768 | 161,108

Nessglaze Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 79,674 | 58,911
Taxation and social security | 119,485 | 131,167
Accruals and deferred income | 1,500 | 1,500
Other creditors | 38,967 | 46,931
| 239,626 | 238,509

9 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £1.00 per each Ordinary share |  | 56,500 |  | 54,000
Interim dividend of £1.00 per each B Ordinary share |  | 86,350 |  | 93,500
|  | 142,850 |  | 147,500

10 | Parent and ultimate parent undertaking

The ultimate controlling party is John M Macritchie.