THE ORIGINAL STAINED GLASS COMPANY LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07205604

THE ORIGINAL STAINED GLASS COMPANY LTD

Filleted Unaudited Financial Statements

29 March 2025

THE ORIGINAL STAINED GLASS COMPANY LTD

Statement of Financial Position

29 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	7		1,688	1,901

Current assets

Stocks		28,359	34,634
Debtors	8	13,920	12,933
Cash at bank and in hand		3,002	12,794
		--------	--------
		45,281	60,361

Creditors: amounts falling due within one year	9	46,141		44,997
		--------		--------
Net current (liabilities)/assets			( 860)	15,364
			-------	--------
Total assets less current liabilities			828	17,265
			----	--------
Net assets			828	17,265
			----	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	826	17,263
	----	--------
Shareholders funds	828	17,265
	----	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 29 March 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 financial statements for the year in question in accordance with section 476 ;

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

THE ORIGINAL STAINED GLASS COMPANY LTD

Statement of Financial Position (continued)

29 March 2025

These financial statements were approved by the board of directors and authorised for issue on 5 December 2025 , and are signed on behalf of the board by:

Mr M L Winder
Director

Company registration number: 07205604

THE ORIGINAL STAINED GLASS COMPANY LTD

Notes to the Financial Statements

Year ended 29 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Limelight, First Floor, Studio 3, Elstree Way, Borehamwood, Herts, WD6 1JH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

		-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Equipment	-	25% reducing balance

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	23,000	33,000
	--------	--------

6. Intangible assets

	Goodwill
	£
Cost
At 30 March 2024 and 29 March 2025	4,500
	-------
Amortisation
At 30 March 2024 and 29 March 2025	4,500
	-------
Carrying amount
At 29 March 2025	–
	-------
At 29 March 2024	–
	-------

7. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 30 March 2024	490	4,482	4,972
Additions	–	350	350
	----	-------	-------
At 29 March 2025	490	4,832	5,322
	----	-------	-------
Depreciation
At 30 March 2024	441	2,630	3,071
Charge for the year	12	551	563
	----	-------	-------
At 29 March 2025	453	3,181	3,634
	----	-------	-------
Carrying amount
At 29 March 2025	37	1,651	1,688
	----	-------	-------
At 29 March 2024	49	1,852	1,901
	----	-------	-------

8. Debtors

	2025	2024
	£	£
Trade debtors	4,737	3,949
Other debtors	9,183	8,984
	--------	--------
	13,920	12,933
	--------	--------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,661	2,829
Corporation tax	33,439	31,802
Social security and other taxes	2,033	6,281
Other creditors	5,008	4,085
	--------	--------
	46,141	44,997
	--------	--------

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2025	2024
	£	£

11. Related party transactions

The company was under the control of Mr M L Winder throughout the current and previous year. Mr M L Winder is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard FRS 102 (Section 1A).