Max Glass Windows Limited

Max Glass Windows Limited
Statement of Financial Position
As at 28 February 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	40,042	38,156
		40,042	38,156
Current assets
Stocks	4	27,000	22,500
Debtors	5	143,719	68,741
Cash at bank and in hand		6,046	14,269
		176,765	105,510
Creditors: amount falling due within one year	6	(191,151)	(121,268)
Net current assets		(14,386)	(15,758)

Total assets less current liabilities		25,656	22,398
Creditors: amount falling due after more than one year	7	(4,759)	(12,791)
Provisions for liabilities	8	(10,011)	(9,539)
Net assets		10,886	68

Capital and reserves
Called up share capital		100	100
Profit and loss account		10,786	(32)
Shareholders' funds		10,886	68

For the year ended 28 February 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 02 November 2026 and were signed on its behalf by:

-------------------------------
Stephen Carl Hobson
Director

Max Glass Windows Limited
Notes to the Financial Statements
For the year ended 28 February 2026

General Information

Max Glass Windows Limited is a private company, limited by shares, registered in England and Wales, registration number 09984331, registration address 10 High Street, Yeadon, Leeds, West Yorkshire, LS19 7PP.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery etc

25% RB

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the period was 6 (2025 : 6).

Tangible fixed assets

Cost or valuation	Plant and machinery etc	Total
	£	£
At 01 March 2025	130,871	130,871
Additions	15,000	15,000
Disposals	-	-
At 28 February 2026	145,871	145,871
Depreciation
At 01 March 2025	92,715	92,715
Charge for year	13,114	13,114
On disposals	-	-
At 28 February 2026	105,829	105,829
Net book values
Closing balance as at 28 February 2026	40,042	40,042
Opening balance as at 01 March 2025	38,156	38,156

Stocks

	2026 £	2025 £
Work in Progress	12,000	10,500
Stocks	15,000	12,000
	27,000	22,500

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	69,770	40,648
Other Debtors	73,949	28,093
	143,719	68,741

Creditors: amount falling due within one year

	2026 £	2025 £
Bank Loans & Overdrafts	3,492	10,046
Taxation and Social Security	90,181	78,639
Obligations under HP/Financial Leases	4,759	4,759
Other Creditors	92,719	27,824
	191,151	121,268

Creditors: amount falling due after more than one year

	2026 £	2025 £
Bank Loans & Overdrafts	0	3,273
Obligations under HP/Financial Leases	4,759	9,518
	4,759	12,791

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	10,011		9,539
	10,011		9,539