REGISTERED NUMBER: 03516455 (England and Wales)

GLASSORACLE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P M Walker

Mrs L C Walker

SECRETARY:

Mrs L C Walker

REGISTERED OFFICE:

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

REGISTERED NUMBER:

03516455 (England and Wales)

ACCOUNTANTS:

ApC

Chartered Accountants

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

BANKERS:

Santander UK plc

2 Triton Square

Regent's Place

London

NW1 3AN

FIXED ASSETS

Tangible assets

5

1,948,616

1,942,080

Investment property

6

1,183,477

1,183,477

3,132,093

3,125,557

CURRENT ASSETS

Stocks

914,529

994,506

Debtors

7

61,732

51,175

Cash at bank and in hand

1,516,544

1,351,393

2,492,805

2,397,074

CREDITORS

Amounts falling due within one year

8

1,176,225

1,268,921

NET CURRENT ASSETS

1,316,580

1,128,153

TOTAL ASSETS LESS CURRENT LIABILITIES

4,448,673

4,253,710

PROVISIONS FOR LIABILITIES

77,218

117,926

NET ASSETS

4,371,455

4,135,784

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

9

369,270

323,849

Retained earnings

4,002,183

3,811,933

SHAREHOLDERS' FUNDS

4,371,455

4,135,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2026 and were signed on its behalf by:

Mr P M Walker - Director

Mrs L C Walker - Director

1.	STATUTORY INFORMATION

Glassoracle 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.

Significant judgements and estimates

The significant judgement and estimates are as follows:

The fixed asset depreciation rates are detailed in the accounting policy of the fixed assets depreciation rates. The rates are reviewed annually in line to what the directors believe the assets are worth.

The company has no other significant judgement and estimates other than those detailed in the accounting policies.

Turnover

Turnover represents the value excluding Value Added Tax of designer clothing, footwear and accessories provided to customers during the year. In respect of goods provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% straight line

Plant and machinery

-

33.33% on reducing balance and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Website design

-

20% straight line

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

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.

Financial instruments

Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2025 - 33 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2025

2,183,023

256,351

319,532

Additions

-

-

41,288

Disposals

-

-

-

At 31 January 2026

2,183,023

256,351

360,820

DEPRECIATION

At 1 February 2025

317,156

212,946

286,994

Charge for year

11,503

12,093

11,088

Eliminated on disposal

-

-

-

At 31 January 2026

328,659

225,039

298,082

NET BOOK VALUE

At 31 January 2026

1,854,364

31,312

62,738

At 31 January 2025

1,865,867

43,405

32,538

Motor

Website

vehicles

design

Totals

£

£

£

COST

At 1 February 2025

26,935

110,722

2,896,563

Additions

-

-

41,288

Disposals

-

(110,722

)

(110,722

)

At 31 January 2026

26,935

-

2,827,129

DEPRECIATION

At 1 February 2025

26,665

110,722

954,483

Charge for year

68

-

34,752

Eliminated on disposal

-

(110,722

)

(110,722

)

At 31 January 2026

26,733

-

878,513

NET BOOK VALUE

At 31 January 2026

202

-

1,948,616

At 31 January 2025

270

-

1,942,080

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

1,183,477

NET BOOK VALUE

At 31 January 2026

1,183,477

At 31 January 2025

1,183,477

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

20,754

13,278

Prepayments and accrued income

40,978

37,897

61,732

51,175

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

663,539

706,273

Corporation tax

66,923

21,719

Social security and other taxes

11,950

10,397

VAT

205,334

200,785

Other creditors

1,243

-

Directors' current accounts

107,706

148,902

Accruals and deferred income

119,530

180,845

1,176,225

1,268,921

9.

RESERVES

Revaluation

reserve

£

At 1 February 2025

323,849

Deferred tax movement

45,421

At 31 January 2026

369,270

10.	RELATED PARTY DISCLOSURES

During the year the company paid £38,000 (2025-£38,000) for rent, on which the property is owned by the directors.