REGISTERED NUMBER: 12797936 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2026

FOR

GLASS DIVIDE LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Millward

Mr B Varsani

REGISTERED OFFICE:

Unit 14

Gregston Industrial Estate

Birmingham Road

Oldbury

West Midlands

B69 4EX

REGISTERED NUMBER:

12797936 (England and Wales)

ACCOUNTANTS:

Michael Heaven & Associates Limited

Chartered Certified Accountants

47 Calthorpe Road

Edgbaston

BIRMINGHAM

B15 1TH

BANKERS:

Barclays Bank PLC

166 The Parade

The Mall Shopping Centre

Sutton Coldfield

West Midlands

B72 1PH

INCORPORATION:

6th August 2020

FIXED ASSETS

Tangible assets

4

72,194

73,229

Investments

5

293,312

188,040

365,506

261,269

CURRENT ASSETS

Debtors

895,724

629,030

Cash at bank

255,378

219,176

1,151,102

848,206

CREDITORS

Amounts falling due within one year

719,147

398,131

NET CURRENT ASSETS

431,955

450,075

TOTAL ASSETS LESS CURRENT LIABILITIES

797,461

711,344

PROVISIONS FOR LIABILITIES

7

23,612

14,036

NET ASSETS

773,849

697,308

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

773,749

697,208

SHAREHOLDERS' FUNDS

773,849

697,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th April 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th July 2026 and were signed on its behalf by:

Mr R Millward - Director

1.	STATUTORY INFORMATION

Glass Divide Ltd 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 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 accounts receivable and payable, loans from banks and other third parties and loans from related parties.

Taxation

Taxation for the year 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 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.

Hire purchase and leasing commitments

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2025

118,370

Additions

26,427

Disposals

(20,249

)

At 30th April 2026

124,548

DEPRECIATION

At 1st May 2025

45,141

Charge for year

21,456

Eliminated on disposal

(14,243

)

At 30th April 2026

52,354

NET BOOK VALUE

At 30th April 2026

72,194

At 30th April 2025

73,229

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st May 2025

19,499

Disposals

(19,499

)

At 30th April 2026

-

DEPRECIATION

At 1st May 2025

13,715

Eliminated on disposal

(13,715

)

At 30th April 2026

-

NET BOOK VALUE

At 30th April 2026

-

At 30th April 2025

5,784

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1st May 2025

188,040

Revaluations

105,272

At 30th April 2026

293,312

NET BOOK VALUE

At 30th April 2026

293,312

At 30th April 2025

188,040

Cost or valuation at 30th April 2026 is represented by:

Totals

£

Valuation in 2025

(6,960

)

Valuation in 2026

45,272

Cost

255,000

293,312

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

-

3,211

Non-cancellable

operating leases

2026

2025

£

£

Within one year

46,364

22,686

Between one and five years

181,579

-

227,943

22,686

The total lease payments recognised as an expense during the period was £52,338.

7.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

23,612

14,036

Deferred

tax

£

Balance at 1st May 2025

14,036

Movement

9,576

Balance at 30th April 2026

23,612

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months is recognised. The provision is measured at the salary cost payable for the period of absence.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

NIL

Ordinary A.

£1

-

65

NIL

Ordinary B.

£1

-

35

99

Ordinary A..

£1

99

-

1

Ordinary E

£1

1

-

100

100

The following shares were issued during the year for cash at par :

99 Ordinary A.. shares of £1

1 Ordinary E share of £1

9.	RELATED PARTY DISCLOSURES

At the year end the amounts due to/from related parties were as follows:

- Included within creditors is an amount of £200,000 due to the company's parent undertaking. The balance is unsecured, interest free and repayable on demand.

- Included within debtors is an amount of £35,000 (2025 - £35,000) due from a company where Mr R Millward is also a director. The balance is unsecured, interest free and repayable on demand.