REGISTERED NUMBER: 06793928 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ABELGLASS TRADE SUPPLIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D P Kaye

Mrs L Kaye

REGISTERED OFFICE:

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

REGISTERED NUMBER:

06793928 (England and Wales)

ACCOUNTANTS:

Studholme-Bell Limited

Chartered Certified Accountants

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

239,746

222,812

239,746

222,812

CURRENT ASSETS

Stocks

45,000

45,000

Debtors

7

39,889

82,407

Cash at bank and in hand

228,494

236,319

313,383

363,726

CREDITORS

Amounts falling due within one year

8

242,229

225,445

NET CURRENT ASSETS

71,154

138,281

TOTAL ASSETS LESS CURRENT LIABILITIES

310,900

361,093

CREDITORS

Amounts falling due after more than one year

9

-

(5,997

)

PROVISIONS FOR LIABILITIES

(55,313

)

(53,998

)

NET ASSETS

255,587

301,098

CAPITAL AND RESERVES

Called up share capital

1,010

1,010

Retained earnings

254,577

300,088

SHAREHOLDERS' FUNDS

255,587

301,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 2 July 2026 and were signed on its behalf by:

D P Kaye - Director

1.	STATUTORY INFORMATION

Abelglass Trade Supplies 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Turnover

Turnover is recognised when goods have been delivered to customers such that risks and regards of ownership have transferred to them.

Goodwill

Goodwill is capitalised and has been amortised in full over its useful life of 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

10% on cost

Stocks

Stocks have been valued at the lower of cost and estimated selling price, less costs to sell. In respect of work in progress and finished goods, cost included a relevant proportion of overheads according to the stage of manufacture/completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments

Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other intangible assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 18 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

30,000

AMORTISATION

At 1 January 2025

and 31 December 2025

30,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

88,178

225,844

14,427

Additions

13,826

42,966

-

Disposals

-

-

-

At 31 December 2025

102,004

268,810

14,427

DEPRECIATION

At 1 January 2025

-

183,038

13,893

Charge for year

-

14,318

370

Eliminated on disposal

-

-

-

At 31 December 2025

-

197,356

14,263

NET BOOK VALUE

At 31 December 2025

102,004

71,454

164

At 31 December 2024

88,178

42,806

534

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

208,311

43,296

580,056

Additions

-

1,913

58,705

Disposals

(13,480

)

-

(13,480

)

At 31 December 2025

194,831

45,209

625,281

DEPRECIATION

At 1 January 2025

138,043

22,270

357,244

Charge for year

23,179

3,904

41,771

Eliminated on disposal

(13,480

)

-

(13,480

)

At 31 December 2025

147,742

26,174

385,535

NET BOOK VALUE

At 31 December 2025

47,089

19,035

239,746

At 31 December 2024

70,268

21,026

222,812

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

36,568

56,605

Other debtors

-

2,294

Directors' current accounts

-

20,344

Prepayments

3,321

3,164

39,889

82,407

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

5,997

19,278

Trade creditors

147,239

132,557

Tax

26,698

29,532

Social security and other taxes

13,605

16,796

VAT

21,219

24,332

Other creditors

21,489

-

Directors' current accounts

3,132

-

Accrued expenses

2,850

2,950

242,229

225,445

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans - 1-2 years

-

5,997

10.	ULTIMATE CONTROLLING PARTY

The controlling party is D P Kaye.