ART WITH GLASS LTD


Directors	Mr James Patrick WILLIAMSON
	Mrs Lucy WILLIAMSON


Registered Address	126 Oakfield Road
	Penge
	SE20 8RQ


Registered Number	13953810 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling, which is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below. The items in the financial statements where these judgements and estiamtes have been made include: - The useful life of assets

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

The items in the financial statements where these judgements and estiamtes have been made include:
- The useful life of assets

	Turnover policy
	Revenue from the sale of goods is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue 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.

	Operating leases
	Rentals payable under operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged to profit and loss account on a straight line basis over the lease term.

	Employee benefits
	The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable in accordance with the rules of the scheme

	Current taxation
	The overall tax charge represents the sum of the tax currently payable. Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

The overall tax charge represents the sum of the tax currently payable.

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	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:


		Straight line (years)
	Plant and machinery	25
	Fixtures and fittings	20
	Office Equipment	20

	Stocks and work in progress
	Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is valued at the lower of cost and net realisable value and is reflected in the financial statements on a contract-by-contract basis by recording turnover and related costs as contract activity progresses.

Stocks and work in progress

Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work-in-progress is valued at the lower of cost and net realisable value and is reflected in the financial statements on a contract-by-contract basis by recording turnover and related costs as contract activity progresses.

	Financial instruments
	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans with related parties and other third parties. Financial Assets Basic financial assets, including trade and other receivables, and cash and bank balances are recognised at transaction price, less any impairment. Financial Liabilities Basic financial liabilities, including trade and other payables, are recognised at transaction price, less any impairment, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans with related parties and other third parties.

Financial Assets
Basic financial assets, including trade and other receivables, and cash and bank balances are recognised at transaction price, less any impairment.

Financial Liabilities
Basic financial liabilities, including trade and other payables, are recognised at transaction price, less any impairment, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	11		9

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 25	55,000
	At 31 March 26	55,000
	Amortisation and impairment
	At 01 April 25	16,500
	Charge for year	5,500
	At 31 March 26	22,000
	Net book value
	At 31 March 26	33,000
	At 31 March 25	38,500

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 25	40,672
	Additions	3,144
	At 31 March 26	43,816
	Depreciation and impairment
	At 01 April 25	17,139
	Charge for year	8,822
	At 31 March 26	25,961
	Net book value
	At 31 March 26	17,855
	At 31 March 25	23,533

5.	Stocks

	2026	2025
	£	£
Finished goods	83,000	82,000
Total	83,000	82,000

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	145,568	162,886
Other debtors	11,328	9,488
Prepayments and accrued income	21,501	23,930
Total	178,397	196,304

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	63,265	27,217
Taxation and social security	84,154	103,212
Other creditors	35,849	45,857
Accrued liabilities and deferred income	106,686	119,776
Total	289,954	296,062

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		33,000		38,500
Tangible assets	4		17,855		23,533
			50,855		62,033
Current assets
Stocks	5	83,000		82,000
Debtors	6	178,397		196,304
Cash at bank and on hand		286,438		182,597
		547,835		460,901
Creditors amounts falling due within one year	7	(289,954)		(296,062)
Net current assets (liabilities)			257,881		164,839
Total assets less current liabilities			308,736		226,872
Provisions for liabilities			(4,463)		(4,518)
Net assets			304,273		222,354
Capital and reserves
Called up share capital			100		100
Profit and loss account			304,173		222,254
Shareholders' funds			304,273		222,354