REGISTERED NUMBER: 03496204 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Perfect Glaze Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A S Bhudia

Mr M Bhudia

REGISTERED OFFICE:

Maple House

382 Kenton Road

Harrow

Middlesex

HA3 9DP

REGISTERED NUMBER:

03496204 (England and Wales)

ACCOUNTANTS:

KBMD Limited

Chartered Certified Accountants

Maple House

382 Kenton Road

Harrow

Middlesex

HA3 9DP

FIXED ASSETS

Tangible assets

4

98,900

106,248

CURRENT ASSETS

Stocks

5

267,442

240,210

Debtors

6

380,534

315,166

Investments

7

113,310

113,310

Cash at bank and in hand

14,040

25,133

775,326

693,819

CREDITORS

Amounts falling due within one year

8

(370,969

)

(289,972

)

NET CURRENT ASSETS

404,357

403,847

TOTAL ASSETS LESS CURRENT LIABILITIES

503,257

510,095

CREDITORS

Amounts falling due after more than one year

9

(55,311

)

(70,722

)

NET ASSETS

447,946

439,373

CAPITAL AND RESERVES

Called up share capital

1,143

1,143

Retained earnings

446,803

438,230

SHAREHOLDERS' FUNDS

447,946

439,373

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 17 December 2025 and were signed on its behalf by:

Mr A S Bhudia - Director

1.	STATUTORY INFORMATION

Perfect Glaze 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

114,577

6,254

130,795

54,880

306,506

Additions

14,975

-

-

2,402

17,377

At 31 March 2025

129,552

6,254

130,795

57,282

323,883

DEPRECIATION

At 1 April 2024

113,055

6,254

32,140

48,809

200,258

Charge for year

3,299

-

19,731

1,695

24,725

At 31 March 2025

116,354

6,254

51,871

50,504

224,983

NET BOOK VALUE

At 31 March 2025

13,198

-

78,924

6,778

98,900

At 31 March 2024

1,522

-

98,655

6,071

106,248

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

267,442

240,210

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

256,151

190,783

Amounts falling due after more than one year:

Trade debtors

123,994

123,994

Other debtors

389

389

124,383

124,383

Aggregate amounts

380,534

315,166

7.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Shares in group undertakings

113,310

113,310

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

18,686

32,560

Trade creditors

118,932

172,442

Taxation and social security

30,603

10,263

Other creditors

202,748

74,707

370,969

289,972

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

11,845

21,735

Hire purchase contracts

43,466

48,987

55,311

70,722

10.	RELATED PARTY DISCLOSURES

Long term trade debtors balance of £123,994 is made up of Perfect Glaze (PVT) India Ltd a subsidiary of Perfect Glaze Limited.