REGISTERED NUMBER: 01378679 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Glass Bond (N.W.) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M E Cordell

P J Randell

SECRETARY:

Ms D Randell

REGISTERED OFFICE:

Westside

Jackson Street

St Helens

Merseyside

WA9 3AT

REGISTERED NUMBER:

01378679 (England and Wales)

ACCOUNTANTS:

Cowgills Limited

2 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Tangible assets

4

112,696

135,740

Investments

5

3,168

3,168

115,864

138,908

CURRENT ASSETS

Stocks

159,635

177,792

Debtors

6

222,471

166,006

Cash at bank and in hand

198,549

255,368

580,655

599,166

CREDITORS

Amounts falling due within one year

7

131,494

164,705

NET CURRENT ASSETS

449,161

434,461

TOTAL ASSETS LESS CURRENT LIABILITIES

565,025

573,369

CREDITORS

Amounts falling due after more than one year

8

240,000

-

NET ASSETS

325,025

573,369

CAPITAL AND RESERVES

Called up share capital

1,627

2,436

Capital redemption reserve

2,037

1,228

Retained earnings

321,361

569,705

SHAREHOLDERS' FUNDS

325,025

573,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Board of Directors and authorised for issue on 6 October 2026 and were signed on its behalf by:

M E Cordell - Director

1.	STATUTORY INFORMATION

Glass Bond (N.W.) 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 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant & machinery 20% reducing balance

Fixtures & fittings 20% reducing balance

Motor vehicles 25% reducing balance

Computer equipment 33% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 18 (2025 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2025

440,246

Additions

12,725

At 28 February 2026

452,971

DEPRECIATION

At 1 March 2025

304,506

Charge for year

35,769

At 28 February 2026

340,275

NET BOOK VALUE

At 28 February 2026

112,696

At 28 February 2025

135,740

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2025

and 28 February 2026

3,168

NET BOOK VALUE

At 28 February 2026

3,168

At 28 February 2025

3,168

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

137,282

66,280

Amounts owed by group undertakings

59,763

66,564

Other debtors

25,426

33,162

222,471

166,006

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade creditors

47,552

98,390

Taxation and social security

45,913

19,608

Other creditors

38,029

46,707

131,494

164,705

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Other creditors

240,000

-

9.	LEASING AGREEMENTS

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

28.2.26

28.2.25

£

£

Within one year

115,700

114,221

Between one and five years

178,242

289,400

In more than five years

-

4,542

293,942

408,163

10.	RELATED PARTY DISCLOSURES

The company is the parent company of Moulding Compounds Limited, a company incorporated in England and Wales. At the year end a balance of £59,763 (2025: £66,564) was due from its wholly owned subsidiary.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.