Vehicle Glass and Glazing Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 15470897 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

VEHICLE GLASS AND GLAZING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Wrath

Mr S R D Bamford

REGISTERED OFFICE:

Unit 8

Stirlin Place

Willoughton Drive

GAINSBOROUGH

Lincolnshire

DN21 1NF

REGISTERED NUMBER:

15470897 (England and Wales)

ACCOUNTANTS:

Shucksmith Accountants (Gainsborough) Limited

Orion House

28a Spital Terrace

GAINSBOROUGH

Lincolnshire

DN21 2HQ

FIXED ASSETS

Tangible assets

4

34,625

21,567

CURRENT ASSETS

Stocks

4,544

3,145

Debtors

5

203,717

51,493

Cash at bank and in hand

82,756

35,462

291,017

90,100

CREDITORS

Amounts falling due within one year

6

143,939

53,655

NET CURRENT ASSETS

147,078

36,445

TOTAL ASSETS LESS CURRENT
LIABILITIES

181,703

58,012

PROVISIONS FOR LIABILITIES

7

6,579

4,098

NET ASSETS

175,124

53,914

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

175,024

53,814

SHAREHOLDERS' FUNDS

175,124

53,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by:

Mr M J Wrath - Director

Mr S R D Bamford - Director

1.	STATUTORY INFORMATION

Vehicle Glass and Glazing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 March 2025

12,600

1,200

10,667

2,795

27,262

Additions

4,000

-

15,375

2,165

21,540

Disposals

-

(4,000

)

-

(4,000

)

At 28 February 2026

16,600

1,200

22,042

4,960

44,802

DEPRECIATION

At 1 March 2025

1,987

252

2,745

711

5,695

Charge for year

1,740

190

2,672

882

5,484

Eliminated on disposal

-

(1,002

)

-

(1,002

)

At 28 February 2026

3,727

442

4,415

1,593

10,177

NET BOOK VALUE

At 28 February 2026

12,873

758

17,627

3,367

34,625

At 28 February 2025

10,613

948

7,922

2,084

21,567

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

Trade debtors

149,990

44,342

Other debtors

-

45

Tax

45,000

-

Prepayments and accrued income

8,727

7,106

203,717

51,493

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

Trade creditors

29,581

8,836

Corporation tax

61,466

19,374

Social security and other taxes

1,106

-

VAT

38,810

12,150

Other creditors

175

-

Directors' current accounts

11,457

12,228

Accruals and deferred income

1,344

1,067

143,939

53,655

7.	PROVISIONS FOR LIABILITIES

28.2.26

28.2.25

£

Deferred tax

6,579

4,098

Deferred

tax

£

Balance at 1 March 2025

4,098

Accelerated capital allowances

2,481

Balance at 28 February 2026

6,579

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

100

Ordinary

£1

100

9.

RESERVES

Retained

earnings

£

At 1 March 2025

53,814

Profit for the year

195,210

Dividends

(74,000

)

At 28 February 2026

175,024

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period the directors charged the company £624 (2025 - £624) for the use of home as office.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £74,000 (2025 - £31,000) were paid to the directors .

At 28 February 2026 there was a balance owing owing the company to the directors of:-

Mr M Wrath - £1,497 (2025 - £3774)

Mr S Bamford £9,959 (2025 - £8,454)

This balance has been shown in creditors.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors, Mr M Wrath and Mr S Bamford.