Glevum Design and Build Limited 05404013 false 2024-10-01 2025-09-30 2025-09-30 The principal activity of the company is that of installing double glazed windows and conservatories. Digita Accounts Production Advanced 6.30.9574.0 true true 05404013 2024-10-01 2025-09-30 05404013 2025-09-30 05404013 bus:OrdinaryShareClass1 2025-09-30 05404013 bus:Consolidated 2025-09-30 05404013 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-09-30 05404013 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-09-30 05404013 core:CurrentFinancialInstruments 2025-09-30 05404013 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 05404013 core:Non-currentFinancialInstruments 2025-09-30 05404013 core:Non-currentFinancialInstruments core:AfterOneYear 2025-09-30 05404013 core:BetweenTwoFiveYears 2025-09-30 05404013 core:MoreThanFiveYears 2025-09-30 05404013 core:WithinOneYear 2025-09-30 05404013 core:FurnitureFittingsToolsEquipment 2025-09-30 05404013 core:LandBuildings 2025-09-30 05404013 core:MotorVehicles 2025-09-30 05404013 core:OtherProvisionsContingentLiabilities 2025-09-30 05404013 bus:SmallEntities 2024-10-01 2025-09-30 05404013 bus:Audited 2024-10-01 2025-09-30 05404013 bus:FilletedAccounts 2024-10-01 2025-09-30 05404013 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 05404013 bus:RegisteredOffice 2024-10-01 2025-09-30 05404013 bus:Director4 2024-10-01 2025-09-30 05404013 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 05404013 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 05404013 bus:Agent1 2024-10-01 2025-09-30 05404013 core:FurnitureFittingsToolsEquipment 2024-10-01 2025-09-30 05404013 core:LandBuildings 2024-10-01 2025-09-30 05404013 core:LeaseholdImprovements 2024-10-01 2025-09-30 05404013 core:MotorVehicles 2024-10-01 2025-09-30 05404013 core:OfficeEquipment 2024-10-01 2025-09-30 05404013 core:PlantMachinery 2024-10-01 2025-09-30 05404013 core:OtherProvisionsContingentLiabilities 2024-10-01 2025-09-30 05404013 1 2024-10-01 2025-09-30 05404013 countries:EnglandWales 2024-10-01 2025-09-30 05404013 2024-09-30 05404013 core:FurnitureFittingsToolsEquipment 2024-09-30 05404013 core:LandBuildings 2024-09-30 05404013 core:MotorVehicles 2024-09-30 05404013 core:OtherProvisionsContingentLiabilities 2024-09-30 05404013 2023-07-01 2024-09-30 05404013 2024-09-30 05404013 bus:OrdinaryShareClass1 2024-09-30 05404013 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-09-30 05404013 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-09-30 05404013 core:CurrentFinancialInstruments 2024-09-30 05404013 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 05404013 core:Non-currentFinancialInstruments 2024-09-30 05404013 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 05404013 core:BetweenTwoFiveYears 2024-09-30 05404013 core:MoreThanFiveYears 2024-09-30 05404013 core:WithinOneYear 2024-09-30 05404013 core:FurnitureFittingsToolsEquipment 2024-09-30 05404013 core:LandBuildings 2024-09-30 05404013 core:MotorVehicles 2024-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05404013

Prepared for the registrar
Glevum Design and Build Limited
Annual Report and Financial Statements
for the Year Ended 30 September 2025

Glevum Design and Build Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 9

Glevum Design and Build Limited

Company Information

Director | M I Donaldson

Registered office | Staverton Court Staverton Cheltenham Gloucestershire GL51 0UX

Auditors | Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Glevum Design and Build Limited

(Registration number: 05404013)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 255,995 | 291,277
Current assets |  |  |
Stocks | 5 | 310,000 | 477,363
Debtors | 6 | 2,989,604 | 2,061,458
Cash at bank and in hand |  | 101,377 | 1,000,016
|  | 3,400,981 | 3,538,837
Creditors: Amounts falling due within one year | 7 | (1,341,264) | (1,313,877)
Net current assets |  | 2,059,717 | 2,224,960
Total assets less current liabilities |  | 2,315,712 | 2,516,237
Creditors: Amounts falling due after more than one year | 7 | (26,125) | (119,445)
Provisions | 9 | (310,653) | (448,602)
Deferred tax liabilities |  | (50,813) | (67,017)
Provisions for liabilities |  | (361,466) | (515,619)
Net assets |  | 1,928,121 | 1,881,173
Capital and reserves |  |  |
Called up share capital | 10 | 1 | 1
Retained earnings |  | 1,928,120 | 1,881,172
Shareholders' funds |  | 1,928,121 | 1,881,173

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 May 2026

......................................... M I Donaldson Director |  |

Glevum Design and Build Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

| 1 | General information

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

The address of its registered office is:
Staverton Court
Staverton
Cheltenham
Gloucestershire
GL51 0UX

The principal place of business is:
Broadoak
Newnham on Severn
Gloucestershire
GL14 1JF

| 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 periods 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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Disclosure of long or short period

The comparative period represents an extended period of 15 months from 1 July 2023 to 30 September 2024. As a result, the comparative amounts are not directly comparable to the current year’s 12‑month period.

Going concern

After reviewing the company's forecasts and projections, the director has 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 in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Glevum Design and Build Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Judgements

Significant judgements have been made by management in these financial statements in the preparation of the company's warranty provision. The company gives warranties on certain products sold. The warranty cost is calculated by management and based on available past historical data and levels of repairs and replacements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred corporation tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred corporation tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet 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.

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 and machinery | 20% - 50% of cost per annum
Office equipment | 33% - 50% of cost per annum
Motor vehicles | 20% of cost per annum
Leasehold improvements | 33% of cost per annum

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.

Glevum Design and Build Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

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 profit and loss account 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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Glevum Design and Build Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.
For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

| 3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was as follows:

| Year ended 30 September 2025 No. | 1 July 2023 to 30 September 2024 No.
Average number of employees | 42 | 41

| 4 | Tangible assets

| Leasehold improvements £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost
At 1 October 2024 | 37,238 | 121,256 | 360,321 | 518,815
Additions | 4,501 | - | 62,666 | 67,167
Disposals | - | - | (74,844) | (74,844)
At 30 September 2025 | 41,739 | 121,256 | 348,143 | 511,138

Glevum Design and Build Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

| Leasehold improvements £ | Plant and machinery £ | Motor vehicles £ | Total £
Depreciation
At 1 October 2024 | 10,507 | 53,469 | 163,562 | 227,538
Charge for the year | 11,908 | 20,899 | 58,115 | 90,922
Eliminated on disposal | - | - | (63,317) | (63,317)
At 30 September 2025 | 22,415 | 74,368 | 158,360 | 255,143
Carrying amount
At 30 September 2025 | 19,324 | 46,888 | 189,783 | 255,995
At 30 September 2024 | 26,731 | 67,787 | 196,759 | 291,277

| 5 | Stocks

| 2025 £ | 2024 £
Work in progress | 310,000 | 477,363

| 6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 1,765,246 | 1,802,227
Receivables from related parties | 1,065,606 | -
Prepayments | 47,072 | 49,180
Other debtors | 111,680 | 210,051
| 2,989,604 | 2,061,458

Included in trade debtors is £670,437 (2024: £609,140) due after more than one year.

| 7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 200,915 | 163,510
Trade creditors |  | 863,470 | 618,799
Amounts due to related parties |  | - | 188,486
Social security and other taxes |  | 43,604 | 42,042
Outstanding defined contribution pension costs |  | 6,003 | 6,201
Other creditors |  | 123,149 | 96,919
Accruals and deferred income |  | 68,616 | 68,173
Corporation tax liability |  | 35,507 | 129,747
|  | 1,341,264 | 1,313,877

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 26,125 | 119,445

Glevum Design and Build Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

| 8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 181,776 | 140,004
HP and finance lease liabilities | 19,139 | 23,506
| 200,915 | 163,510

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 93,304
HP and finance lease liabilities | 26,125 | 26,141
| 26,125 | 119,445

Bank borrowings
Bank borrowings are secured against a fixed and floating charge over the assets of the company.
Finance lease liabilities
The finance lease liabilities are secured against the assets to which they relate.

| 9 | Provisions

| Other provisions £
At 1 October 2024 | (448,602)
Provisions used | 137,949
At 30 September 2025 | (310,653)

The company gives a 2 year labour warranty and a 10 year product warranty.

| 10 | Share capital

Allotted, called up and fully paid shares

| 30 September 2025 | 30 September 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1 | 1 | 1 | 1

Glevum Design and Build Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

| 11 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 80,000 | -
Later than one year and not later than five years | 320,000 | -
Later than five years | 340,000 | -
| 740,000 | -

The amount of non-cancellable operating lease payments recognised as an expense during the year was £46,317 (2024 - £61,248).

| 12 | Related party transactions

The company has taken advantage of the exemption from disclosing transactions with other members of the group where there is 100% ownership.

| 13 | Parent and ultimate parent undertaking

The ultimate controlling party is Glevum Holdings Limited.

| 14 | Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 28 May 2026 was Scott Lawrence, who signed for and on behalf of Hazlewoods LLP.