REGISTERED NUMBER: 04747187 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GLAS.TEC SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J D Harper

SECRETARY:

Mrs C E Harper

REGISTERED OFFICE:

Hamilton Office Park

31 High View Close

Leicester

Leicestershire

LE4 9LJ

REGISTERED NUMBER:

04747187 (England and Wales)

ACCOUNTANTS:

TC Group

31 High View Close

Hamilton Office Park

Leicester

Leicestershire

LE4 9LJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,322

7,547

5,322

7,547

CURRENT ASSETS

Stocks

250

270

Debtors

6

9,208

10,079

Cash at bank

83,790

50,787

93,248

61,136

CREDITORS

Amounts falling due within one year

7

21,092

22,783

NET CURRENT ASSETS

72,156

38,353

TOTAL ASSETS LESS CURRENT LIABILITIES

77,478

45,900

PROVISIONS FOR LIABILITIES

1,011

1,434

NET ASSETS

76,467

44,466

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

76,466

44,465

76,467

44,466

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 director acknowledges his 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 director and authorised for issue on 2 December 2025 and were signed by:

Mr J D Harper - Director

1.	STATUTORY INFORMATION

Glas.Tec Solutions 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.

Goodwill

Goodwill has been fully amortised; no further write downs are required.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Licence fees

-

20% on cost

Fixtures and fittings

-

33% on cost, 25% on cost and 25% on reducing balance

Motor vehicles

-

25% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

26,750

AMORTISATION

At 1 April 2024

and 31 March 2025

26,750

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Licence

and

Motor

fees

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

1,996

10,789

14,365

27,150

Disposals

-

(1,535

)

-

(1,535

)

At 31 March 2025

1,996

9,254

14,365

25,615

DEPRECIATION

At 1 April 2024

1,996

9,644

7,963

19,603

Charge for year

-

523

1,501

2,024

Eliminated on disposal

-

(1,334

)

-

(1,334

)

At 31 March 2025

1,996

8,833

9,464

20,293

NET BOOK VALUE

At 31 March 2025

-

421

4,901

5,322

At 31 March 2024

-

1,145

6,402

7,547

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,015

10,079

Other debtors

193

-

9,208

10,079

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

1,293

2,570

Trade creditors

1

3,062

Taxation and social security

13,215

12,049

Other creditors

6,583

5,102

21,092

22,783

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

1,293

2,570

Obligations under hire purchase are secured against the assets they relate to.

9.	RELATED PARTY DISCLOSURES

Included in other creditors is the directors loan account of £4,183 (2024 £5,102). This loan account is repayable on demand and no interest is charged.