REGISTERED NUMBER: 08916565 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Glass Digital Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Gallagher-Stappard

J C R Birch

S W Close

M S Swann

C W Hall

REGISTERED OFFICE:

Studio 1 & 2 First Floor

High Bridge Works

39 High Bridge

Newcastle upon Tyne

NE1 1EW

REGISTERED NUMBER:

08916565 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

6,295

6,441

Investments

5

1

1

6,296

6,442

CURRENT ASSETS

Debtors

6

191,936

171,198

Cash at bank

9,375

16,807

201,311

188,005

CREDITORS

Amounts falling due within one year

7

(205,388

)

(215,538

)

NET CURRENT LIABILITIES

(4,077

)

(27,533

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,219

(21,091

)

CREDITORS

Amounts falling due after more than one year

8

-

(23,106

)

PROVISIONS FOR LIABILITIES

11

(1,163

)

-

NET ASSETS/(LIABILITIES)

1,056

(44,197

)

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

956

(44,297

)

SHAREHOLDERS' FUNDS

1,056

(44,197

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2026 and were signed on its behalf by:

B Gallagher-Stappard - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

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.

Going concern

The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. If the company is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

Preparation of consolidated financial statements

The financial statements contain information about Glass Digital Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those concluded at market rate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income Recognition

Income from contracts for the provision of professional services is recognised as the service is provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

56,855

Additions

2,736

At 31 December 2025

59,591

DEPRECIATION

At 1 January 2025

50,414

Charge for year

2,882

At 31 December 2025

53,296

NET BOOK VALUE

At 31 December 2025

6,295

At 31 December 2024

6,441

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

1

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

160,536

151,943

Other debtors

414

156

Directors' current accounts

-

8,098

Prepayments and accrued income

30,986

11,001

191,936

171,198

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

30,814

63,157

Trade creditors

29,642

15,302

Amounts owed to group undertakings

5,553

15,956

Taxation and social security

114,005

92,531

Other creditors

8,878

6,995

Directors' current accounts

1,651

1,629

Accruals and deferred income

14,845

19,968

205,388

215,538

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2years

-

23,106

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

32,637

15,180

Between one and five years

48,956

-

81,593

15,180

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loan

8,333

27,598

CBILs loan

14,772

50,227

23,105

77,825

The bank and CBILs loans are secured via fixed and floating charges over all the property or undertakings of the company.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,163

-

Deferred

tax

£

Charge to Profit and Loss Account during year

1,163

Accelerated capital allowances

Balance at 31 December 2025

1,163

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

2025 £

2024 £

60

Ordinary

£1

60

60

10

'A' Ordinary

£1

10

10

10

'B' Ordinary

£1

10

10

10

'C' Ordinary

£1

10

10

10

'D' Ordinary

£1

10

10

100

100

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

M S Swann

Balance outstanding at start of year

2,734

-

Amounts advanced

-

2,734

Amounts repaid

(2,734

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,734

S W Close

Balance outstanding at start of year

3,662

-

Amounts advanced

-

3,662

Amounts repaid

(3,662

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,662

C W Hall

Balance outstanding at start of year

1,702

-

Amounts advanced

-

1,702

Amounts repaid

(1,702

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,702

14.	RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2025

2024

£

£

Amounts owed to directors

1,651

1,629

Amounts owed from directors

-

8,098

No interest has been charged.