GLASSFIBRE PRODUCTION LIMITED


Director	Robert Dryburgh


Company Secretary	Audrey Anne Dryburgh


Registered Address	The Barn 67a Leven Road
	Lundin Links
	Leven
	KY8 6AL


Registered Number	SC610311 (Scotland)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		14,215		19,025
			14,215		19,025
Current assets
Stocks		2,500		2,950
Debtors	4	21,767		13,511
Cash at bank and on hand		6,996		18,214
		31,263		34,675
Creditors amounts falling due within one year	5	(40,285)		(37,478)
Net current assets (liabilities)			(9,022)		(2,803)
Total assets less current liabilities			5,193		16,222
Provisions for liabilities			(2,701)		(3,615)
Net assets			2,492		12,607
Capital and reserves
Called up share capital			10		10
Profit and loss account			2,482		12,597
Shareholders' funds			2,492		12,607

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 23 September 2026, and are signed on its behalf by:

Robert Dryburgh
Director
Registered Company No. SC610311

GLASSFIBRE PRODUCTION LIMITED

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

1.	Accounting policies

	Statutory information
	Glassfibre Production Limited is a private company, limited by shares, registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

	Going concern
	The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the director who has confirmed he will not withdraw his directors loan account to the detriment of other creditors.

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

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the company and employees pension scheme are charged to profit or loss in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting 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 period 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.

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 period 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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Vehicles	25	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

	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 items. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 25	5,780	52,451	523	58,754
At 31 March 26	5,780	52,451	523	58,754
Depreciation and impairment
At 01 April 25	3,108	36,581	40	39,729
Charge for year	668	3,968	174	4,810
At 31 March 26	3,776	40,549	214	44,539
Net book value
At 31 March 26	2,004	11,902	309	14,215
At 31 March 25	2,672	15,870	483	19,025

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	17,697	8,231
Other debtors	2,708	2,626
Prepayments and accrued income	1,362	2,654
Total	21,767	13,511

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	816	975
Taxation and social security	9,227	8,745
Other creditors	28,914	26,554
Accrued liabilities and deferred income	1,328	1,204
Total	40,285	37,478