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Company Registration No. 05741022 (England and Wales)
Finchfield Glass & Glazing Limited Unaudited accounts for the year ended 31 December 2025
Finchfield Glass & Glazing Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Finchfield Glass & Glazing Limited Company Information for the year ended 31 December 2025
Director
Roy Wiles
Secretary
Michelle Wiles
Company Number
05741022 (England and Wales)
Registered Office
26 Wendover Road Wolverhampton WV4 6NA
Accountants
Nellys Accountants Ltd 71 Woodland Avenue Tettenhall Wood Wolverhampton West Midlands WV6 8ND
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Finchfield Glass & Glazing Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
5,686
8,936
Tangible assets
5
103
138
5,789
9,074
Current assets
Debtors
6
5,352
3,966
Cash at bank and in hand
16,785
16,589
22,137
20,555
Creditors: amounts falling due within one year
7
(6,147)
(6,706)
Net current assets
15,990
13,849
Total assets less current liabilities
21,779
22,923
Provisions for liabilities
Deferred tax
8
(20)
(26)
Net assets
21,759
22,897
Capital and reserves
Called up share capital
9
2
2
Profit and loss account
21,757
22,895
Shareholders' funds
21,759
22,897
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 April 2026 and were signed on its behalf by
Roy Wiles Director Company Registration No. 05741022
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Finchfield Glass & Glazing Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Finchfield Glass & Glazing Limited is a private company, limited by shares, registered in England and Wales, registration number 05741022. The registered office is 26 Wendover Road, Wolverhampton, WV4 6NA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling and are rounded to the nearest pound.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over it's estimated life of twenty years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Finchfield Glass & Glazing Limited Notes to the Accounts for the year ended 31 December 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2025
65,000
At 31 December 2025
65,000
Amortisation
At 1 January 2025
56,064
Charge for the year
3,250
At 31 December 2025
59,314
Net book value
At 31 December 2025
5,686
At 31 December 2024
8,936
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
16,138
3,663
544
20,345
At 31 December 2025
16,138
3,663
544
20,345
Depreciation
At 1 January 2025
16,138
3,525
544
20,207
Charge for the year
-
35
-
35
At 31 December 2025
16,138
3,560
544
20,242
Net book value
At 31 December 2025
-
103
-
103
At 31 December 2024
-
138
-
138
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
5,352
3,966
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,514
216
Taxes and social security
3,916
5,287
Loans from directors
351
855
Accruals
366
348
6,147
6,706
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Finchfield Glass & Glazing Limited Notes to the Accounts for the year ended 31 December 2025
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
20
26
2025
2024
£
£
Provision at start of year
26
52
Credited to the profit and loss account
(6)
(26)
Provision at end of year
20
26
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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