Registration number: SC561147

AJ Glass & Glazing Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8
Accountants' Report	9

AJ Glass & Glazing Ltd

Company Information

Directors

Mr Alexander Jack Ms Donna Jack

Registered office

Unit 4B Gateway Business Park Beancross Road Grangemouth Stirling Scotland FK3 8WX

Accountants

EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

AJ Glass & Glazing Ltd

(Registration number: SC561147)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	85,727	77,158
Current assets
Stocks	5	19,120	28,000
Debtors	6	44,732	75,603
Cash at bank and in hand		74,835	46,424
		138,687	150,027
Creditors: Amounts falling due within one year	10	(167,641)	(232,658)
Net current liabilities		(28,954)	(82,631)
Total assets less current liabilities		56,773	(5,473)
Creditors: Amounts falling due after more than one year	10	(18,436)	(574)
Provisions for liabilities		(18,860)	(14,660)
Net assets/(liabilities)		19,477	(20,707)
Capital and reserves
Called up share capital		100	100
Retained earnings		19,377	(20,807)
Shareholders' funds/(deficit)		19,477	(20,707)

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 July 2026 and signed on its behalf by:
 

......................................... Mr Alexander Jack Director

AJ Glass & Glazing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

It is the opinion of the directors that there is reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. For this reason the going concern basis has been adopted in preparing the financial statements for the period ended 31 March 2026

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	Reducing balance at 15%
Motor vehicles	Reducing balance at 20%
Computer equipment	Straight line at 33%

AJ Glass & Glazing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

AJ Glass & Glazing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

3	Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 8 (2025 - 9).

4	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	269,801	6,054	1,875	277,730
Additions	7,000	499	18,750	26,249
At 31 March 2026	276,801	6,553	20,625	303,979
Depreciation
At 1 April 2025	193,467	5,545	1,560	200,572
Charge for the year	13,249	618	3,813	17,680
At 31 March 2026	206,716	6,163	5,373	218,252
Carrying amount
At 31 March 2026	70,085	390	15,252	85,727
At 31 March 2025	76,334	509	315	77,158

5

Stocks

	2026 £	2025 £
Other inventories	19,120	28,000

AJ Glass & Glazing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Debtors

Current	2026 £	2025 £
Trade debtors	41,660	71,580
Prepayments	3,072	3,788
Other debtors	-	235
	44,732	75,603

AJ Glass & Glazing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	574
Hire purchase contracts	18,436	-
	18,436	574

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	10,649
Bank overdrafts	-	12,880
Hire purchase contracts	3,734	-
	3,734	23,529

8	Leasing agreements

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

	2026  £	2025  £
Within one year	17,799	18,604
Between two and five years	33,139	44,537
	50,938	63,141

AJ Glass & Glazing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9	Related party transactions

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

	2026  £	2025  £
Mr Alexander Jack	35,543	47,540
Mrs Jane Jack	35,544	47,541
	71,087	95,081

The maximum balance outstanding during the year amounted to £95,081.

The directors current accounts are repayable on demand.

10

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	7	3,734	23,529
Trade creditors		53,263	75,507
Taxation and social security		21,730	23,918
Other creditors		88,914	109,704
		167,641	232,658

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	7	18,436	574

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
AJ Glass & Glazing Ltd
for the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AJ Glass & Glazing Ltd for the year ended 31 March 2026 as set out on pages 2 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of AJ Glass & Glazing Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of AJ Glass & Glazing Ltd and state those matters that we have agreed to state to the Board of Directors of AJ Glass & Glazing Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AJ Glass & Glazing Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that AJ Glass & Glazing Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AJ Glass & Glazing Ltd. You consider that AJ Glass & Glazing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of AJ Glass & Glazing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

21 July 2026