REGISTERED NUMBER: 04963496 (England and Wales)

GRASSMOOR GLASS 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:

Mrs E Thornhill

Mr T Thornhill

SECRETARY:

Mrs E Thornhill

REGISTERED OFFICE:

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

REGISTERED NUMBER:

04963496 (England and Wales)

ACCOUNTANTS:

ApC

Chartered Accountants

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

BANKERS:

HSBC

1 Lemming Street

Mansfield

Nottinghamshire

NG18 1LU

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

30,779

45,555

30,779

45,555

CURRENT ASSETS

Stocks

7

27,364

27,287

Debtors

8

96,490

95,293

Cash at bank and in hand

154,847

195,698

278,701

318,278

CREDITORS

Amounts falling due within one year

9

250,955

247,060

NET CURRENT ASSETS

27,746

71,218

TOTAL ASSETS LESS CURRENT LIABILITIES

58,525

116,773

CREDITORS

Amounts falling due after more than one year

10

-

(2,825

)

PROVISIONS FOR LIABILITIES

(6,772

)

(8,656

)

NET ASSETS

51,753

105,292

CAPITAL AND RESERVES

Called up share capital

11

78

100

Capital redemption reserve

22

-

Retained earnings

51,653

105,192

SHAREHOLDERS' FUNDS

51,753

105,292

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 27 October 2026 and were signed on its behalf by:

Mrs E Thornhill - Director

Mr T Thornhill - Director

1.	STATUTORY INFORMATION

Grassmoor Glass 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

Amounts Recoverable on Contracts- This is estimated in line with the stage of completion of the work. Only the recoverable amount is carried forward.

Turnover

Turnover represents the value excluding Value Added Tax of manufactured scaled double glazed units and flat glass cutters and accessories supplied to trade and retail customers during the year, all income is taken to profit and loss at the same point as the right to receive consideration is acquired.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Showroom & Office

-

10% straight line

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on reducing balance

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.

Hire purchase and leasing commitments

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

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2025 - 12 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

20,500

AMORTISATION

At 1 February 2025

and 31 January 2026

20,500

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Showroom

Plant and

and

& Office

machinery

fittings

£

£

£

COST

At 1 February 2025

36,377

22,086

6,056

Additions

-

439

-

Disposals

-

-

-

At 31 January 2026

36,377

22,525

6,056

DEPRECIATION

At 1 February 2025

32,594

17,195

5,339

Charge for year

891

801

107

Eliminated on disposal

-

-

-

At 31 January 2026

33,485

17,996

5,446

NET BOOK VALUE

At 31 January 2026

2,892

4,529

610

At 31 January 2025

3,783

4,891

717

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2025

98,345

16,363

179,227

Additions

-

-

439

Disposals

(17,995

)

-

(17,995

)

At 31 January 2026

80,350

16,363

161,671

DEPRECIATION

At 1 February 2025

63,445

15,099

133,672

Charge for year

7,302

421

9,522

Eliminated on disposal

(12,302

)

-

(12,302

)

At 31 January 2026

58,445

15,520

130,892

NET BOOK VALUE

At 31 January 2026

21,905

843

30,779

At 31 January 2025

34,900

1,264

45,555

7.

STOCKS

2026

2025

£

£

Stocks

27,364

27,287

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,204

1,876

Amounts recoverable on contract

72,332

81,446

Prepayments and accrued income

21,954

11,971

96,490

95,293

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,807

8,335

Trade creditors

154,877

164,675

Corporation tax

17,199

3,636

Social security and other taxes

16,482

16,135

VAT

27,781

19,363

Other creditors

197

197

Directors' current accounts

455

-

Accruals and deferred income

31,157

34,719

250,955

247,060

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 2-5 years

-

2,825

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

78

100

During the year, the company bought back and cancelled 22 ordinary shares.

12.	CAPITAL COMMITMENTS

The company had no capital commitments, or contingent liabilities at the balance sheet date.