Registration number:
Nessglaze Limited
for the Year Ended 31 August 2025
Nessglaze Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Nessglaze Limited
Company Information
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Director |
Mr William Macritchie |
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Registered office |
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Accountants |
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Nessglaze Limited
(Registration number: SC121033)
Balance Sheet as at 31 August 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Stocks |
271,000 |
214,440 |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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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:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Nessglaze Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025
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General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
Scotland
These financial statements were authorised for issue by the
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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:
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Asset class |
Depreciation method and rate |
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Freehold property |
2% on cost |
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Improvements to property |
10% on cost |
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Plant and machinery |
20% on reducing balance |
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Fixtures and fittings |
20% on cost |
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Motor vehicles |
25% on reducing balance |
Investment property
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.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Nessglaze Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025
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Tangible assets |
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Freehold property |
Improvements to property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 September 2024 |
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Additions |
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Disposals |
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( |
( |
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Transfers to/from investment property |
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( |
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At 31 August 2025 |
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Depreciation |
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At 1 September 2024 |
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Charge for the year |
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Eliminated on disposal |
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( |
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Transfers |
( |
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( |
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At 31 August 2025 |
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Carrying amount |
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At 31 August 2025 |
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At 31 August 2024 |
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Nessglaze Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025
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Investment properties |
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2025 |
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At 1 September |
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Transfer from fixed assets |
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Fair value adjustments |
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At 31 August |
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Stocks |
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2025 |
2024 |
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Work in progress |
130,182 |
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Other inventories |
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Debtors |
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Current |
2025 |
2024 |
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Trade debtors |
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Nessglaze Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Dividends |
Interim dividends paid
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2025 |
2024 |
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Interim dividend of £ |
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Interim dividend of £ |
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Parent and ultimate parent undertaking |
The ultimate controlling party is