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2026-03-31 07242708 core:IntangibleAssetsOtherThanGoodwill 2025-04-01 2026-03-31 07242708 dpl:GroupUndertakings 2025-04-01 2026-03-31 07242708 dpl:ParticipatingInterests 2025-04-01 2026-03-31 07242708 dpl:GroupUndertakings core:ListedExchangeTraded 2025-04-01 2026-03-31 07242708 core:ListedExchangeTraded 2025-04-01 2026-03-31 07242708 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2025-04-01 2026-03-31 07242708 core:UnlistedNon-exchangeTraded 2025-04-01 2026-03-31 07242708 dpl:CostSales 2024-04-01 2025-03-31 07242708 dpl:DistributionCosts 2024-04-01 2025-03-31 07242708 core:LandBuildings 2024-04-01 2025-03-31 07242708 core:PlantMachinery 2024-04-01 2025-03-31 07242708 core:Vehicles 2024-04-01 2025-03-31 07242708 core:FurnitureFittings 2024-04-01 2025-03-31 07242708 core:OfficeEquipment 2024-04-01 2025-03-31 07242708 dpl:AdministrativeExpenses 2024-04-01 2025-03-31 07242708 core:NetGoodwill 2024-04-01 2025-03-31 07242708 core:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 07242708 dpl:GroupUndertakings 2024-04-01 2025-03-31 07242708 dpl:ParticipatingInterests 2024-04-01 2025-03-31 07242708 dpl:GroupUndertakings core:ListedExchangeTraded 2024-04-01 2025-03-31 07242708 core:ListedExchangeTraded 2024-04-01 2025-03-31 07242708 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-04-01 2025-03-31 07242708 core:UnlistedNon-exchangeTraded 2024-04-01 2025-03-31 07242708 core:NetGoodwill 2026-03-31 07242708 core:IntangibleAssetsOtherThanGoodwill 2026-03-31 07242708 core:LandBuildings 2026-03-31 07242708 core:PlantMachinery 2026-03-31 07242708 core:Vehicles 2026-03-31 07242708 core:FurnitureFittings 2026-03-31 07242708 core:OfficeEquipment 2026-03-31 07242708 core:AfterOneYear 2026-03-31 07242708 core:WithinOneYear 2026-03-31 07242708 core:ListedExchangeTraded 2026-03-31 07242708 core:UnlistedNon-exchangeTraded 2026-03-31 07242708 core:ShareCapital 2026-03-31 07242708 core:SharePremium 2026-03-31 07242708 core:RevaluationReserve 2026-03-31 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MAXEM GLAZING LTD

Registered Number
07242708
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2026

MAXEM GLAZING LTD
Company Information
for the year from 1 April 2025 to 31 March 2026

Directors | ANDREWS, Matthew John George
| ANDREWS, Victoria

Company Secretary | ANDREWS, Victoria

Registered Address | Unit J3&4 Second Avenue
| Westfield
| Radstock
| BA3 4BH

Registered Number | 07242708 (England and Wales)

MAXEM GLAZING LTD
Balance Sheet as at
31 March 2026

| Notes | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 4 |  |  | 8,292 |  |  |  | 10,662
|  |  |  | 8,292 |  |  |  | 10,662
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 22,885 |  |  |  | 34,805 |  |
Cash at bank and on hand |  | 5,330 |  |  |  | 3,064 |  |
|  | 28,215 |  |  |  | 37,869 |  |
Creditors amounts falling due within one year | 6 | (38,155) |  |  |  | (51,057) |  |
Net current assets (liabilities) |  |  |  | (9,940) |  |  |  | (13,188)
Total assets less current liabilities |  |  |  | (1,648) |  |  |  | (2,526)
Creditors amounts falling due after one year | 7 |  |  | (11,710) |  |  |  | (14,723)
Provisions for liabilities | 8 |  |  | (1,252) |  |  |  | (1,632)
Net assets |  |  |  | (14,610) |  |  |  | (18,881)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 204 |  |  |  | 204
Profit and loss account |  |  |  | (14,814) |  |  |  | (19,085)
Shareholders' funds |  |  |  | (14,610) |  |  |  | (18,881)

- The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 7 May 2026, and are signed on its behalf by:
ANDREWS, Victoria Director Registered Company No. 07242708

MAXEM GLAZING LTD
Notes to the Financial Statements
for the year ended 31 March 2026

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Going concern
--- | ---
| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

| Revenue from sale of goods
--- | ---
| Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

| Operating leases
--- | ---
| Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Current taxation
--- | ---
| Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Intangible assets
--- | ---
| Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

| Tangible fixed assets and depreciation
--- | ---
| All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

|  | Reducing balance (%)
| Plant and machinery | 25
| Office Equipment | 25

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| Share capital
--- | ---
| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

| Related parties
--- | ---
| For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2. | Average number of employees
--- | ---

|  | 2026 |  | 2025
| Average number of employees during the year | 6 |  | 8

3. | Intangible assets
--- | ---

|  | Other |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 April 25 | 10,000 |  | 10,000
| At 31 March 26 | 10,000 |  | 10,000
| Amortisation and impairment
| At 01 April 25 | 10,000 |  | 10,000
| At 31 March 26 | 10,000 |  | 10,000
| Net book value
| At 31 March 26 | - |  | -
| At 31 March 25 | - |  | -

4. | Tangible fixed assets
--- | ---

|  | Plant & machinery |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £
| Cost or valuation
| At 01 April 25 | 45,778 |  | 1,935 |  | 47,713
| Additions | - |  | 338 |  | 338
| At 31 March 26 | 45,778 |  | 2,273 |  | 48,051
| Depreciation and impairment
| At 01 April 25 | 35,806 |  | 1,245 |  | 37,051
| Charge for year | 2,493 |  | 215 |  | 2,708
| At 31 March 26 | 38,299 |  | 1,460 |  | 39,759
| Net book value
| At 31 March 26 | 7,479 |  | 813 |  | 8,292
| At 31 March 25 | 9,972 |  | 690 |  | 10,662

5. | Debtors: amounts due within one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 12,183 |  | 14,126
| Other debtors | 8,167 |  | 16,452
| Prepayments and accrued income | 2,535 |  | 4,227
| Total | 22,885 |  | 34,805

6. | Creditors: amounts due within one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 29,122 |  | 42,394
| Bank borrowings and overdrafts | 2,899 |  | 2,088
| Taxation and social security | 6,134 |  | 6,575
| Total | 38,155 |  | 51,057

7. | Creditors: amounts due after one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 11,710 |  | 14,723
| Total | 11,710 |  | 14,723

8. | Provisions for liabilities
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 1,252 |  | 1,632
| Total | 1,252 |  | 1,632

9. | Directors advances, credits and guarantees
--- | ---

|  | Brought forward |  | Amount advanced |  | Amount repaid |  | Carried forward
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
| ANDREWS, Matthew John George | 5,816 |  | 12,619 |  | 14,352 |  | 4,083
| ANDREWS, Victoria | 5,816 |  | 12,619 |  | 14,352 |  | 4,083
|  | 11,632 |  | 25,238 |  | 28,704 |  | 8,166

| Included in debtors is an amount owing to the company by both directors. The highest amount outstanding during the year were: M Andrews £6,012, V Andrews £6,012.

10. | Controlling party
--- | ---
| The ultimate controlling party was Mr M Andrews, a director and shareholder of the company.