REGISTERED NUMBER: 02130541 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Pavilion Glass Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D G Perry

Mrs S A Perry

Mr C M Perry

SECRETARY:

Mrs S A Perry

REGISTERED OFFICE:

18 Northbrook Road

Worthing

West Sussex

BN14 8PN

REGISTERED NUMBER:

02130541 (England and Wales)

ACCOUNTANTS:

Price Green & Co

Lynnem House

1 Victoria Way

Burgess Hill

West Sussex

RH15 9NF

FIXED ASSETS

Tangible assets

4

99,985

116,961

CURRENT ASSETS

Stocks

97,149

95,000

Debtors

5

149,060

102,778

Cash at bank and in hand

62,373

57,128

308,582

254,906

CREDITORS

Amounts falling due within one year

6

334,703

207,474

NET CURRENT (LIABILITIES)/ASSETS

(26,121

)

47,432

TOTAL ASSETS LESS CURRENT LIABILITIES

73,864

164,393

CREDITORS

Amounts falling due after more than one year

7

(41,185

)

(69,734

)

PROVISIONS FOR LIABILITIES

(24,997

)

(29,241

)

NET ASSETS

7,682

65,418

CAPITAL AND RESERVES

Called up share capital

1,010

1,010

Retained earnings

6,672

64,408

SHAREHOLDERS' FUNDS

7,682

65,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mr D G Perry - Director

Mr C M Perry - Director

1.	STATUTORY INFORMATION

Pavilion Glass Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

10% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

9,001

10,922

315,677

335,600

DEPRECIATION

At 1 April 2024

7,485

4,094

207,060

218,639

Charge for year

379

1,707

14,890

16,976

At 31 March 2025

7,864

5,801

221,950

235,615

NET BOOK VALUE

At 31 March 2025

1,137

5,121

93,727

99,985

At 31 March 2024

1,516

6,828

108,617

116,961

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

145,348

DEPRECIATION

At 1 April 2024

63,591

Charge for year

8,175

At 31 March 2025

71,766

NET BOOK VALUE

At 31 March 2025

73,582

At 31 March 2024

81,757

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

135,184

101,402

Other debtors

13,876

1,376

149,060

102,778

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

30,049

10,000

Hire purchase contracts

27,056

31,341

Trade creditors

155,082

64,628

Taxation and social security

69,764

64,786

Other creditors

52,752

36,719

334,703

207,474

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,500

12,500

Hire purchase contracts

38,685

57,234

41,185

69,734

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdraft

20,049

-

Hire purchase contracts

65,741

88,575

85,790

88,575

9.	RELATED PARTY DISCLOSURES

Mrs H Brown, the daughter of the directors Mr D G Perry and Mrs S A Perry holds 5 B shares (2023: 5 B shares)

The company was controlled throughout the current and previous year by it's Managing Director Mr D G Perry.

Mr C M Perry has given personal guarantees to the landlord.

Included in other debtors is £8,057 owed to the company by the director Mr C M Perry.