REGISTERED NUMBER: 04741703 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GLASS SERVICES (HOLDINGS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B R Williams

REGISTERED OFFICE:

The Glass Works

Wotton Road Kingsnorth Ind Est

Ashford

Kent

TN23 6LN

REGISTERED NUMBER:

04741703 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Invicta Business Centre

Monument Way

Orbital Park

Ashford

Kent

TN24 0HB

FIXED ASSETS

Tangible assets

5

1,645,957

1,586,155

Investments

6

5,000

5,000

1,650,957

1,591,155

CURRENT ASSETS

Debtors

7

120,267

304

Cash at bank

454,893

339,597

575,160

339,901

CREDITORS

Amounts falling due within one year

8

56,151

767,122

NET CURRENT ASSETS/(LIABILITIES)

519,009

(427,221

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,169,966

1,163,934

CREDITORS

Amounts falling due after more than one year

9

(1,188,184

)

-

PROVISIONS FOR LIABILITIES

(256,935

)

(237,533

)

NET ASSETS

724,847

926,401

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

719,847

921,401

724,847

926,401

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2026 and were signed by:

B R Williams - Director

1.	STATUTORY INFORMATION

Glass Services (Holdings) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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.

Land and buildings

-

2% straight line

Plant and machinery etc

-

25% on reducing balance, 25% on a straight line basis and 10% on a straight line basis

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Going concern

Despite the bank loan which is disclosed in notes 8, 9 and 10, the director believes that the company will continue to meet all of its obligations for the twelve months following the approval of this report, therefore the going concern basis has been adopted.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

890,342

2,648,353

3,538,695

Additions

-

253,268

253,268

At 31 December 2025

890,342

2,901,621

3,791,963

DEPRECIATION

At 1 January 2025

254,318

1,698,222

1,952,540

Charge for year

17,808

175,658

193,466

At 31 December 2025

272,126

1,873,880

2,146,006

NET BOOK VALUE

At 31 December 2025

618,216

1,027,741

1,645,957

At 31 December 2024

636,024

950,131

1,586,155

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

5,000

NET BOOK VALUE

At 31 December 2025

5,000

At 31 December 2024

5,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

105,326

-

Other debtors

14,941

304

120,267

304

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

34,620

745,850

Taxation and social security

17,900

17,678

Other creditors

3,631

3,594

56,151

767,122

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,188,184

-

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due in more than 5

years

1,026,474

-

1,026,474

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,222,804

745,850

During the year the company entered into a loan agreement with National Westminster Bank Plc for £1,250,000 repayable by monthly instalments over a term of 240 months. Interest is charged at 2.55% per annum above the bank's base rate.

The bank loan is secured by first legal charges over the company's freehold properties at Unit 2 Kingsnorth Industrial Estate, Wotton Road, Ashford, and Units 12 to 14 Wotton Road and Unit 15 Wotton Trading Estate, Ashford, and by a debenture creating fixed and floating charges over the assets of the company.

The loan is further guaranteed by Glass Services Limited and Glass Services (Group) Limited, supported by debentures over the assets of those companies.