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Registered number: 02510330
Shaws Glass Limited
Unaudited Financial Statements
For The Year Ended 30 September 2025
Halls Accounting
Chartered Accountants
The Old Bank, 257 New Church Road
Hove
East Sussex
BN3 4EL
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 02510330
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 151,519 159,262
151,519 159,262
CURRENT ASSETS
Stocks 6 220,377 168,140
Debtors 7 80,532 71,098
Cash at bank and in hand 237,948 207,829
538,857 447,067
Creditors: Amounts Falling Due Within One Year 8 (453,455 ) (409,772 )
NET CURRENT ASSETS (LIABILITIES) 85,402 37,295
TOTAL ASSETS LESS CURRENT LIABILITIES 236,921 196,557
Creditors: Amounts Falling Due After More Than One Year 9 - (10,071 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,233 ) (5,297 )
NET ASSETS 232,688 181,189
CAPITAL AND RESERVES
Called up share capital 10 45,000 45,000
Income Statement 187,688 136,189
SHAREHOLDERS' FUNDS 232,688 181,189
Page 1
Page 2
For the year ending 30 September 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Peter Cunningham
Director
18/05/2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Shaws Glass Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02510330 . The registered office is 66 North Street, Horsham, West Sussex, RH12 1RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, represents the amount paid in connection with the acquisition of the business, the cost of which has been written off evenly over its estimated useful life during previous accounting periods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% on cost
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
1Average number of employees, including directors, during the year was: 17 (2024: 17)
17 17
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2024 3,000
As at 30 September 2025 3,000
Amortisation
As at 1 October 2024 3,000
As at 30 September 2025 3,000
Net Book Value
As at 30 September 2025 -
As at 1 October 2024 -
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2024 182,808 182,879 89,033 44,452
Additions - 1,149 - -
As at 30 September 2025 182,808 184,028 89,033 44,452
Depreciation
As at 1 October 2024 51,426 173,685 70,934 43,865
Provided during the period 2,139 2,586 4,525 118
As at 30 September 2025 53,565 176,271 75,459 43,983
Net Book Value
As at 30 September 2025 129,243 7,757 13,574 469
As at 1 October 2024 131,382 9,194 18,099 587
Computer Equipment Total
£ £
Cost
As at 1 October 2024 18,485 517,657
Additions 715 1,864
As at 30 September 2025 19,200 519,521
Depreciation
As at 1 October 2024 18,485 358,395
Provided during the period 239 9,607
As at 30 September 2025 18,724 368,002
Net Book Value
As at 30 September 2025 476 151,519
As at 1 October 2024 - 159,262
6. Stocks
2025 2024
£ £
Finished goods 76,848 68,540
Work in progress 143,529 99,600
220,377 168,140
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 270 829
Prepayments and accrued income 72,560 69,439
Directors' loan accounts 7,702 830
80,532 71,098
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 280,311 242,588
Bank loans and overdrafts 10,482 10,648
Corporation tax 61,085 49,794
Other taxes and social security 11,296 12,279
VAT 31,177 19,422
Other creditors 3,431 2,615
Accruals and deferred income 9,640 23,214
Directors' loan accounts 46,033 49,212
453,455 409,772
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 10,071
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 45,000 45,000
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2024 Amounts advanced Amounts repaid Amounts written off As at 30 September 2025
£ £ £ £ £
Mr Lee Cunningham 830 49,872 (43,000 ) - 7,702
The above loan is unsecured, interest charged on overdrawn amounts and repayable on demand.
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