REGISTERED NUMBER: 05522981 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

DIRECT VEHICLE GLASS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S A Clarke

SECRETARIES:

S A Clarke

Mrs P S Clarke

REGISTERED OFFICE:

Unit 8 Coopers Point

Knowlsey

Liverpool

L33 7TU

REGISTERED NUMBER:

05522981 (England and Wales)

ACCOUNTANTS:

Coburn McKenna - Chartered Accountants

81-83a Allerton Road

Liverpool

Merseyside

L18 2DA

FIXED ASSETS

Tangible assets

4

99,932

419,383

CURRENT ASSETS

Stocks

12,500

6,250

Debtors

5

602,653

364,038

Cash at bank and in hand

72,277

7,248

687,430

377,536

CREDITORS

Amounts falling due within one year

6

536,576

606,011

NET CURRENT ASSETS/(LIABILITIES)

150,854

(228,475

)

TOTAL ASSETS LESS CURRENT LIABILITIES

250,786

190,908

CREDITORS

Amounts falling due after more than one year

7

(212,175

)

(208,927

)

PROVISIONS FOR LIABILITIES

(24,982

)

-

NET ASSETS/(LIABILITIES)

13,629

(18,019

)

CAPITAL AND RESERVES

Called up share capital

9

1

2

Capital redemption reserve

1

-

Retained earnings

13,627

(18,021

)

SHAREHOLDERS' FUNDS

13,629

(18,019

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 July 2026 and were signed by:

S A Clarke - Director

1.	STATUTORY INFORMATION

Direct Vehicle Glass 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 etc

-

20% 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 10 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

341,690

283,027

624,717

Additions

-

46,756

46,756

Disposals

(341,690

)

(123,948

)

(465,638

)

At 31 July 2025

-

205,835

205,835

DEPRECIATION

At 1 August 2024

-

205,334

205,334

Charge for year

-

11,954

11,954

Eliminated on disposal

-

(111,385

)

(111,385

)

At 31 July 2025

-

105,903

105,903

NET BOOK VALUE

At 31 July 2025

-

99,932

99,932

At 31 July 2024

341,690

77,693

419,383

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

176,622

251,886

Other debtors

426,031

112,152

602,653

364,038

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

43,376

295,262

Hire purchase contracts

20,967

18,857

Trade creditors

180,145

166,933

Taxation and social security

283,518

71,117

Other creditors

8,570

53,842

536,576

606,011

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

178,995

177,919

Hire purchase contracts

33,180

31,008

212,175

208,927

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

49,065

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

54,147

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

3

Ordinary

£0.50

1

2

Allotted, called-up and fully paid share capital consists of 3 Ordinary shares of £0.50 each, total £1.50.

During the financial year, the company repurchased and subsequently cancelled 1 Ordinary share of £0.50 from a director who served during the year for a total cash consideration of £75,000. The transaction was concluded on an arm's-length basis.

The nominal value of the cancelled share (£0.50) has been transferred to the Capital Redemption Reserve, and the premium paid of £74,999.50 has been deducted from Retained Earnings in accordance with Companies Act 2006.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the reporting date, balances totalling £299,671 (2024: £103,347) were due from the directors in respect of advances made to them. Interest is charged at 2.25% per annum. There is no fixed repayment date.