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Company Registration No. 05717355 (England and Wales)
Glaze Limited Unaudited accounts for the year ended 31 July 2025
Glaze Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Glaze Limited Company Information for the year ended 31 July 2025
Director
Robert Elwell
Company Number
05717355 (England and Wales)
Registered Office
380A New Hythe lane Larkfield Kent ME206RZ
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Glaze Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
4,490
6,398
Current assets
Inventories
20,548
25,154
Debtors
5
75,281
107,509
Cash at bank and in hand
-
37,926
95,829
170,589
Creditors: amounts falling due within one year
6
(77,002)
(71,929)
Net current assets
18,827
98,660
Total assets less current liabilities
23,317
105,058
Creditors: amounts falling due after more than one year
7
(6,205)
(12,509)
Net assets
17,112
92,549
Capital and reserves
Called up share capital
100
100
Profit and loss account
17,012
92,449
Shareholders' funds
17,112
92,549
For the year ending 31 July 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 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 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 and authorised for issue on 24 August 2026 and were signed on its behalf by
Robert Elwell Director Company Registration No. 05717355
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Glaze Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Glaze Limited is a private company, limited by shares, registered in England and Wales, registration number 05717355. The registered office is 380A New Hythe lane, Larkfield, Kent, ME206RZ.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
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.
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Glaze Limited Notes to the Accounts for the year ended 31 July 2025
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.
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.
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.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2024
9,700
937
10,637
At 31 July 2025
9,700
937
10,637
Depreciation
At 1 August 2024
3,320
919
4,239
Charge for the year
1,904
4
1,908
At 31 July 2025
5,224
923
6,147
Net book value
At 31 July 2025
4,476
14
4,490
At 31 July 2024
6,380
18
6,398
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
71,993
98,908
Other debtors
3,288
8,601
75,281
107,509
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Glaze Limited Notes to the Accounts for the year ended 31 July 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
18,194
10,648
VAT
3,533
9,947
Trade creditors
28,072
35,358
Other creditors
1,998
-
Loans from directors
23,355
14,126
Accruals
1,850
1,850
77,002
71,929
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
6,205
12,509
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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