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Registered number: 01812853
All Glass Systems Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
WJW Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01812853
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 197,984 196,329
197,984 196,329
CURRENT ASSETS
Stocks 5 191,286 237,423
Debtors 6 319,648 562,270
Cash at bank and in hand 575,761 293,360
1,086,695 1,093,053
Creditors: Amounts Falling Due Within One Year 7 (558,447 ) (686,672 )
NET CURRENT ASSETS (LIABILITIES) 528,248 406,381
TOTAL ASSETS LESS CURRENT LIABILITIES 726,232 602,710
Creditors: Amounts Falling Due After More Than One Year 8 (83,765 ) (93,368 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (49,497 ) (49,083 )
NET ASSETS 592,970 460,259
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 592,870 460,159
SHAREHOLDERS' FUNDS 592,970 460,259
Page 1
Page 2
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.
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 Darren Edwards
Director
Mr Peter Evans
Director
02/09/2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
All Glass Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01812853 . The registered office is Unit F8, Halesfield 23, Telford, Shropshire, TF7 4NY.
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% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. 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.
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2.6. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 32 (2024: 31)
32 31
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2025 1,522 159,810 122,336 22,498
Additions - 23,158 37,903 309
Disposals - - (21,075 ) -
As at 31 December 2025 1,522 182,968 139,164 22,807
Depreciation
As at 1 January 2025 1,522 22,726 77,343 19,628
Provided during the period - 40,061 20,066 795
Disposals - - (18,443 ) -
As at 31 December 2025 1,522 62,787 78,966 20,423
Net Book Value
As at 31 December 2025 - 120,181 60,198 2,384
As at 1 January 2025 - 137,084 44,993 2,870
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Page 5
Computer Equipment Total
£ £
Cost
As at 1 January 2025 50,674 356,840
Additions 8,912 70,282
Disposals - (21,075 )
As at 31 December 2025 59,586 406,047
Depreciation
As at 1 January 2025 39,292 160,511
Provided during the period 5,073 65,995
Disposals - (18,443 )
As at 31 December 2025 44,365 208,063
Net Book Value
As at 31 December 2025 15,221 197,984
As at 1 January 2025 11,382 196,329
5. Stocks
2025 2024
£ £
Stock & work in progress 191,286 237,423
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 286,728 466,708
Other debtors 32,920 95,562
319,648 562,270
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 25,529 25,507
Trade creditors 406,130 443,755
Bank loans and overdrafts 5,557 5,532
Amounts owed to participating interests 29,149 79,149
Other creditors 23,590 23,940
Taxation and social security 68,492 108,789
558,447 686,672
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 64,785 68,807
Bank loans 18,980 24,561
83,765 93,368
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 25,529 25,507
Later than one year and not later than five years 64,785 68,807
90,314 94,314
90,314 94,314
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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