REGISTERED NUMBER: SC212827 (Scotland)

Financial Statements

For The Period 1 September 2025 to 28 February 2026

for

Indeglas Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J B MacIntyre

I D Mcalpine

SECRETARY:

Mrs J B MacIntyre

REGISTERED OFFICE:

3 Duncan Mcintosh Road

Wardpark North

Cumbernauld

G68 0HH

REGISTERED NUMBER:

SC212827 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

259,098

238,670

259,098

238,670

CURRENT ASSETS

Stocks

250,960

250,513

Debtors

6

529,669

619,139

Cash at bank

247,864

94,589

1,028,493

964,241

CREDITORS

Amounts falling due within one year

7

1,058,570

1,015,338

NET CURRENT LIABILITIES

(30,077

)

(51,097

)

TOTAL ASSETS LESS CURRENT LIABILITIES

229,021

187,573

CREDITORS

Amounts falling due after more than one year

8

76,508

70,090

NET ASSETS

152,513

117,483

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

152,510

117,480

152,513

117,483

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2026 and were signed on its behalf by:

Mrs J B MacIntyre - Director

1.	STATUTORY INFORMATION

Indeglas Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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

The turnover shown in the profit and loss account represents the sales value of work carried out during the year on long term and other contracts, exclusive of Value Added Tax.

Goodwill

Goodwill arising on the acquisition of businesses, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written orr on a straight line basis over its useful economic life of 10 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.

Improvements to property

-

10% on cost

Fixed plant and equipment

-

33.33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33.33% on cost

Stocks

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

Cost is purchase price on a first-in first-out basis.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 arc charged lo profit or loss in the period to which they relate.

Long term contracts

The company classifies as long term those contracts where the contract activity extends over more than one accounting period.

The amount recognised as turnover represents the value of work carried out during the year. Where the outcome of a contract can be assessed with reasonable certainty attributable profit is recognised in proportion lo the amount of turnover recognised in the financial statements. Full provision is made for any foreseeable losses and these arc included in accruals under creditors due within one year.

Where the amount recognised as turnover exceeds the payments on account received and receivable in respect of that contract, the balance is included in debtors as amounts recoverable on contracts. Retentions and payments on account receivable arc included in trade debtors. Payments on account received in excess of the value of work done arc included in creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2025

and 28 February 2026

7,000

AMORTISATION

At 1 September 2025

and 28 February 2026

7,000

NET BOOK VALUE

At 28 February 2026

-

At 31 August 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixed

Fixtures

to

plant and

and

property

equipment

fittings

£

£

£

COST

At 1 September 2025

251,906

79,721

23,163

Additions

7,568

-

-

At 28 February 2026

259,474

79,721

23,163

DEPRECIATION

At 1 September 2025

24,215

68,742

23,163

Charge for period

13,005

10,846

-

At 28 February 2026

37,220

79,588

23,163

NET BOOK VALUE

At 28 February 2026

222,254

133

-

At 31 August 2025

227,691

10,979

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2025

2,000

59,958

416,748

Additions

39,158

-

46,726

At 28 February 2026

41,158

59,958

463,474

DEPRECIATION

At 1 September 2025

2,000

59,958

178,078

Charge for period

2,447

-

26,298

At 28 February 2026

4,447

59,958

204,376

NET BOOK VALUE

At 28 February 2026

36,711

-

259,098

At 31 August 2025

-

-

238,670

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

488,957

556,914

Other debtors

280

280

Directors' current accounts

5,900

5,900

VAT

8,278

20,714

Prepayments

26,254

35,331

529,669

619,139

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other loans

25,621

23,271

Hire purchase contracts (see note 9)

6,095

-

Payments on account

216,407

183,471

Trade creditors

421,900

412,020

Amounts owed to group undertakings

285,420

312,142

Social security and other taxes

15,065

12,840

Other creditors

-

1,536

Accrued expenses

88,062

64,025

Deferred government grants

-

6,033

1,058,570

1,015,338

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other loans - 1-2 years

28,892

26,242

Other loans - 2-5 years

28,708

43,848

Hire purchase contracts (see note 9)

18,908

-

76,508

70,090

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

6,095

-

Between one and five years

18,908

-

25,003

-

Non-cancellable

operating leases

2026

2025

£

£

Within one year

17,084

24,666

Between one and five years

27,680

34,600

44,764

59,266

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28 February 2026 and the year ended 31 August 2025:

2026

2025

£

£

Mrs J B MacIntyre

Balance outstanding at start of period

(5,900

)

(6,000

)

Amounts repaid

-

100

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(5,900

)

(5,900

)

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J B MacIntyre.

The company was under the control of Mrs J B MacIntyre throughout the current and previous year by virtue of her shareholding in the ultimate parent company, Kewcalian Limited.