REGISTERED NUMBER: 06973153 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

EUROPEAN GLASS INSTALLATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M S Johal

SECRETARY:

Mrs F Johal

REGISTERED OFFICE:

European House

Abbey Point

Abbey Road

London

NW10 7DD

REGISTERED NUMBER:

06973153 (England and Wales)

AUDITORS:

Ward Divecha Limited

Chartered Accountants &

Statutory Auditors

29 Welbeck Street

London

W1G 8DA

FIXED ASSETS

Tangible assets

4

9,634

17,542

CURRENT ASSETS

Stocks

278,275

360,290

Debtors

5

1,497,193

1,518,217

Cash at bank and in hand

464,292

556,152

2,239,760

2,434,659

CREDITORS

Amounts falling due within one year

6

684,442

996,971

NET CURRENT ASSETS

1,555,318

1,437,688

TOTAL ASSETS LESS CURRENT LIABILITIES

1,564,952

1,455,230

PROVISIONS FOR LIABILITIES

7

976

1,237

NET ASSETS

1,563,976

1,453,993

CAPITAL AND RESERVES

Called up share capital

850

850

Retained earnings

1,563,126

1,453,143

1,563,976

1,453,993

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 24 April 2026 and were signed by:

M S Johal - Director

1.	STATUTORY INFORMATION

European Glass Installations 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.

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

Turnover

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.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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 & fittings - 15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs.

The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Going concern

During the year, the company recognised income to the value of £Nil (2024: £288,482), from these group undertakings.

In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

For this purpose, the directors have considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements.

The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2024

68,025

Additions

211

Disposals

(6,425

)

At 30 April 2025

61,811

DEPRECIATION

At 1 May 2024

50,483

Charge for year

1,694

At 30 April 2025

52,177

NET BOOK VALUE

At 30 April 2025

9,634

At 30 April 2024

17,542

5.

DEBTORS

2025

2024

as restated

£

£

Amounts falling due within one year:

Trade debtors

432,052

415,888

Amounts owed by associates

215,243

200,000

Other debtors

49,898

102,329

697,193

718,217

Amounts falling due after more than one year:

Amounts owed by associates

800,000

800,000

Aggregate amounts

1,497,193

1,518,217

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

236,336

324,839

Amounts owed to associates

331,832

116,225

Tax

52,915

26,416

Social security and other taxes

15,201

14,672

Other creditors

36,790

47,260

Accruals and deferred income

11,368

467,559

684,442

996,971

7.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

£

Deferred tax

976

1,237

Deferred

tax

£

Balance at 1 May 2024

1,237

Provided during year

(261

)

Balance at 30 April 2025

976

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adil Divecha (Senior Statutory Auditor)

for and on behalf of Ward Divecha Limited

9.	RELATED PARTY DISCLOSURES

At 30 April 2025, creditors, amounts falling due within one year, included amounts owed to related parties of £331,832 (2024: £116,225). The balances relate to loans from companies under common control. The loans are interest-free, unsecured and repayable on demand.

At 30 April 2025, debtors include amounts due from associated companies of £215,243 (2024: £200,000).

The balances relate to amounts due from companies under common control and are unsecured and interest-free.

At 30 April 2025, debtors also include amounts due from associated company of £800,000 (2024: £800,000).

The balances relate to amounts due from companies under common control and are unsecured and interest-free. The amounts are due after more than one year.

During the year, the company purchased goods and services to the value of £588,955 (2024: £1,114,660 from related parties under common control.