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Registered number: 08728807
Simply Glazing Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Lerica Tax Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08728807
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,837 14,432
5,837 14,432
CURRENT ASSETS
Stocks 5 1,000 1,000
Debtors 6 3,175 5,214
Cash at bank and in hand 61,791 57,217
65,966 63,431
Creditors: Amounts Falling Due Within One Year 7 (52,897 ) (57,575 )
NET CURRENT ASSETS (LIABILITIES) 13,069 5,856
TOTAL ASSETS LESS CURRENT LIABILITIES 18,906 20,288
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,269 ) (3,608 )
NET ASSETS 17,637 16,680
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 17,537 16,580
SHAREHOLDERS' FUNDS 17,637 16,680
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For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Rees
Director
30/07/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Simply Glazing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08728807 . The registered office is Unit 13 Glenmore Business Park , Vincents Road, Bumpers Farm Industrial Estate, Chippenham, SN14 6BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Motor Vehicles 25%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 6)
7 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2024 10,903 34,281 45,184
Disposals - (21,036 ) (21,036 )
As at 31 October 2025 10,903 13,245 24,148
Depreciation
As at 1 November 2024 8,229 22,523 30,752
Provided during the period 664 1,275 1,939
Disposals - (14,380 ) (14,380 )
As at 31 October 2025 8,893 9,418 18,311
Net Book Value
As at 31 October 2025 2,010 3,827 5,837
As at 1 November 2024 2,674 11,758 14,432
5. Stocks
2025 2024
£ £
Stock 1,000 1,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 107 1,050
Prepayments and accrued income 1,740 1,649
Other debtors 497 400
Other taxes and social security 831 2,115
3,175 5,214
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 18,342 25,257
Corporation tax 2,133 541
VAT 4,810 3,498
Net wages 9,644 -
Bounce back loan 5,834 15,833
Accruals and deferred income 2,350 2,240
Director's loan account 9,784 10,206
52,897 57,575
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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