Saxa Glass Ltd

Contents

Statement of financial position	1
Notes to the Unaudited Financial Statements	2 to 5

Saxa Glass Ltd

(Registration number: 09504374)
Statement of financial position as at 26 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	1,549
Current assets
Stocks	5	14,000	19,250
Debtors	6	4,063	21,550
Cash at bank and in hand		415	700
		18,478	41,500
Creditors: Amounts falling due within one year	7	(312,465)	(278,473)
Net current liabilities		(293,987)	(236,973)
Net liabilities		(293,987)	(235,424)
Capital and reserves
Called up share capital	8	30,000	30,000
Retained earnings		(323,987)	(265,424)
Shareholders' deficit		(293,987)	(235,424)

For the financial period ending 26 April 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 accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

Approved and authorised by the director on 17 April 2026
 

.........................................

Mr D Rock
Director

Saxa Glass Ltd

Notes to the Unaudited Financial Statements for the Period from 28 April 2024 to 26 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Workshop Orchard Farm
Holtye Road
East Grinstead
West Sussex
RH19 3PP
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company is fully supported by its director by way of a director loan.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Saxa Glass Ltd

Notes to the Unaudited Financial Statements for the Period from 28 April 2024 to 26 April 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	20% Straight Line
Motor Vehicles	20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Saxa Glass Ltd

Notes to the Unaudited Financial Statements for the Period from 28 April 2024 to 26 April 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 5 (2024 - 5).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 28 April 2024	11,693	3,500	15,193
At 26 April 2025	11,693	3,500	15,193
Depreciation
At 28 April 2024	10,144	3,500	13,644
Charge for the period	1,549	-	1,549
At 26 April 2025	11,693	3,500	15,193
Carrying amount
At 26 April 2025	-	-	-
At 27 April 2024	1,549	-	1,549

5

Stocks

	2025 £	2024 £
Raw materials and consumables	14,000	19,250

Saxa Glass Ltd

Notes to the Unaudited Financial Statements for the Period from 28 April 2024 to 26 April 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	3,063	20,550
Other debtors	1,000	1,000
	4,063	21,550

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		1,450	-
Trade creditors		21,083	7,980
Taxation and social security		137,904	128,175
Accruals and deferred income		1,850	1,730
Other creditors		150,178	140,588
		312,465	278,473

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	30,000	30,000	30,000	30,000