Registration number: 03020576

Glevum Windows Limited

Contents

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

Glevum Windows 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 Windows Limited

(Registration number: 03020576)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	3,738	4,987
Tangible assets	5	157,442	181,199
		161,180	186,186
Current assets
Stocks	6	65,873	28,506
Debtors	7	594,424	527,625
Cash at bank and in hand		1,104	53,370
		661,401	609,501
Creditors: Amounts falling due within one year	8	(577,569)	(529,503)
Net current assets		83,832	79,998
Total assets less current liabilities		245,012	266,184
Creditors: Amounts falling due after more than one year	8	(24,030)	(42,379)
Provisions	10	(65,726)	(91,310)
Deferred tax liabilities		(37,677)	(35,686)
Provisions for liabilities		(103,403)	(126,996)
Net assets		117,579	96,809
Capital and reserves
Called up share capital	11	40,002	40,002
Retained earnings		77,577	56,807
Shareholders' funds		117,579	96,809

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 Windows 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 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 in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are 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 Windows 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.

Intangible assets

Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website development	20% of cost per annum
Computer software	20-33% of cost per annum

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.

Glevum Windows Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Conservatory village	5-33% of cost per annum
Plant and machinery	20% of cost per annum
Fixtures and fittings	20-33% of cost per annum
Motor vehicles	20% 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.

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.

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.

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.

Glevum Windows Limited

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

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.

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.

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	14	12

Glevum Windows Limited

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

4

Intangible assets

	Computer software  £
Cost
At 1 October 2024	6,245
At 30 September 2025	6,245
Amortisation
At 1 October 2024	1,258
Amortisation charge	1,249
At 30 September 2025	2,507
Carrying amount
At 30 September 2025	3,738
At 30 September 2024	4,987

5

Tangible assets

	Conservatory village £	Plant and machinery  £	Fixtures and fittings  £	Motor vehicles  £	Total £
Cost
At 1 October 2024	277,479	6,077	91,980	270,126	645,662
Additions	24,147	-	-	-	24,147
Disposals	-	-	-	(74,292)	(74,292)
At 30 September 2025	301,626	6,077	91,980	195,834	595,517
Depreciation
At 1 October 2024	199,668	5,808	89,163	169,824	464,463
Charge for the year	13,918	269	1,670	32,047	47,904
Eliminated on disposal	-	-	-	(74,292)	(74,292)
At 30 September 2025	213,586	6,077	90,833	127,579	438,075
Carrying amount
At 30 September 2025	88,040	-	1,147	68,255	157,442
At 30 September 2024	77,811	269	2,817	100,302	181,199

6

Stocks

	2025 £	2024 £
Raw materials	65,873	28,506

7

Debtors

	2025 £	2024 £
Trade debtors	433,929	317,754
Receivables from related parties	51,149	129,810
Prepayments	109,346	80,061
	594,424	527,625

Glevum Windows Limited

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

8

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	18,936	20,914
Trade creditors		250,125	244,842
Taxation and social security		120,078	94,883
Accruals and deferred income		145,634	165,165
Other creditors		42,796	3,699
		577,569	529,503