Company Registration No. 05422666 (England and Wales)
A10 Glass Limited
Unaudited accounts
for the year ended 31 March 2025
A10 Glass Limited
Unaudited accounts
Contents
A10 Glass Limited
Company Information
for the year ended 31 March 2025
Company Number
05422666 (England and Wales)
Registered Office
158 PERCIVAL ROAD
ENFIELD
MIDDLESEX
EN1 1QU
Accountants
Wahid Associates
115 Dunedin Road
Birmingham
B44 9DL
A10 Glass Limited
Statement of financial position
as at 31 March 2025
Tangible assets
33,575
38,559
Cash at bank and in hand
390,666
360,873
Creditors: amounts falling due within one year
(51,520)
(69,121)
Net current assets
397,608
343,722
Total assets less current liabilities
431,183
382,281
Provisions for liabilities
Deferred tax
(7,859)
(6,831)
Net assets
423,324
375,450
Called up share capital
2
2
Profit and loss account
423,322
375,448
Shareholders' funds
423,324
375,450
For the year 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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 December 2025 and were signed on its behalf by
Stavros Nicolaou
Director
Company Registration No. 05422666
A10 Glass Limited
Notes to the Accounts
for the year ended 31 March 2025
A10 Glass Limited is a private company, limited by shares, registered in England and Wales, registration number 05422666. The registered office is 158 PERCIVAL ROAD, ENFIELD, MIDDLESEX, EN1 1QU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. “The Financial Reporting Standard applicable to the UK and Republic of Ireland”.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Current tax is recognised on the taxable profit for the current and past periods. Current tax is measured at the amount of tax expected to pay or recover using the rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures & fittings
10% Reducing balance
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.
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
A10 Glass Limited
Notes to the Accounts
for the year ended 31 March 2025
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.
Provisions for liabilities
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Defined contribution pension plan
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
A10 Glass Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
19,675
50,623
14,285
84,583
At 31 March 2025
19,675
50,623
14,285
84,583
At 1 April 2024
12,217
28,046
5,761
46,024
Charge for the year
746
3,386
852
4,984
At 31 March 2025
12,963
31,432
6,613
51,008
At 31 March 2025
6,712
19,191
7,672
33,575
At 31 March 2024
7,458
22,577
8,524
38,559
Amounts falling due within one year
Trade debtors
48,701
43,937
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
19,464
20,808
Taxes and social security
16,745
33,245
Loans from directors
65
1,534
7
Average number of employees
During the year the average number of employees was 5 (2024: 5).