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Company Registration No. 09408618 (England and Wales)
Glue QA Limited Unaudited accounts for the year ended 31 December 2025
Glue QA Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Glue QA Limited Company Information for the year ended 31 December 2025
Directors
Mr D R Malinowski Mrs C Malinowski
Company Number
09408618 (England and Wales)
Registered Office
B17 RIBBLE COURT REDSCAR BUSINESS PARK LONGRIDGE ROAD PRESTON LANCASHIRE PR2 5NJ UNITED KINGDOM
Accountants
Xoba Limited 26 Landsmoor Drive Longton Preston Lancashire PR4 5PE
- 3 -
Glue QA Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
103,033
93,664
Current assets
Inventories
90,000
90,000
Debtors
5
138,273
112,307
Cash at bank and in hand
10,778
25,225
239,051
227,532
Creditors: amounts falling due within one year
6
(118,817)
(123,699)
Net current assets
120,234
103,833
Total assets less current liabilities
223,267
197,497
Creditors: amounts falling due after more than one year
7
(36,493)
(45,496)
Net assets
186,774
152,001
Capital and reserves
Called up share capital
100
100
Profit and loss account
186,674
151,901
Shareholders' funds
186,774
152,001
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by
Mr D R Malinowski Director Company Registration No. 09408618
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Glue QA Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Glue QA Limited is a private company, limited by shares, registered in England and Wales, registration number 09408618. The registered office is B17 RIBBLE COURT REDSCAR BUSINESS PARK, LONGRIDGE ROAD, PRESTON, LANCASHIRE, PR2 5NJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2024. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
20% reducing balance or 33.3% straight line, depending on the asset
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
Glue QA Limited Notes to the Accounts for the year ended 31 December 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments, including trade and other debtors, cash, trade and other creditors, bank loans and hire purchase liabilities, are initially recognised at transaction price and subsequently measured at amortised cost. Financial assets are assessed for impairment at each reporting date.
Current taxation
The tax expense represents current tax payable and adjustments in respect of prior periods. Current tax is recognised based on taxable profit for the year using tax rates enacted or substantively enacted at the reporting date.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2025
1,010
121,976
103,934
19,293
246,213
Additions
-
2,673
30,878
859
34,410
At 31 December 2025
1,010
124,649
134,812
20,152
280,623
Depreciation
At 1 January 2025
620
96,912
40,741
14,276
152,549
Charge for the year
101
5,325
18,371
1,244
25,041
At 31 December 2025
721
102,237
59,112
15,520
177,590
Net book value
At 31 December 2025
289
22,412
75,700
4,632
103,033
At 31 December 2024
390
25,064
63,193
5,017
93,664
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
133,668
107,046
Accrued income and prepayments
4,005
4,661
Other debtors
600
600
138,273
112,307
- 6 -
Glue QA Limited Notes to the Accounts for the year ended 31 December 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,167
10,000
VAT
31,162
26,100
Obligations under finance leases and hire purchase contracts
29,360
22,333
Trade creditors
22,684
29,735
Taxes and social security
24,182
27,823
Other creditors
4,667
4,461
Loans from directors
269
68
Accruals
2,326
3,179
118,817
123,699
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
4,167
Obligations under finance leases and hire purchase contracts
36,493
41,329
36,493
45,496
8
Average number of employees
During the year the average number of employees was 8 (2024: 6).
- 7 -