Company registration number: SC337082
Annual report and unaudited financial statements
for the year ended 31 March 2026
for
Gloss Developments Limited
Pages for filing with the Registrar
Company registration number: SC337082
Gloss Developments Limited
Balance sheet
as at 31 March 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 63,005 79,344
63,005 79,344
Current assets
Stocks 202,000 29,500
Debtors 5 100,000 8,735
Cash at bank and in hand 150,671 298,406
452,671 336,641
Creditors: amounts falling due within one year
6 (253,155) (169,835)
Net current assets 199,516 166,806
Total assets less current liabilities 262,521 246,150
NET ASSETS 262,521 246,150
Capital and reserves
Called up share capital 2 2
Profit and loss account 262,519 246,148
TOTAL EQUITY 262,521 246,150
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: SC337082
Gloss Developments Limited
Balance sheet - continued
as at 31 March 2026
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 4 November 2026 and signed on its behalf by:
Mrs C Rogers, Director Mr P Rogers, Director
4 November 2026 4 November 2026
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Gloss Developments Limited
Notes to the financial statements
for the year ended 31 March 2026
1 Company information
Gloss Developments Limited is a private company registered in Scotland. Its registered number is SC337082. The company is limited by shares. Its registered office is 28 Orchard Brae Gardens, Edinburgh, Midlothian, EH4 2HJ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Fixtures & fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% 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.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
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Gloss Developments Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 10 (2025 - 9).
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 April 2025 173,878
Additions 4,663
At 31 March 2026 178,541
Depreciation
At 1 April 2025 94,534
Charge for year 21,002
At 31 March 2026 115,536
Net book value
At 31 March 2026 63,005
At 31 March 2025 79,344
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Gloss Developments Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
5 Debtors
2026 2025
£ £
Trade debtors - 2,644
Directors' loan accounts 100,000 -
Taxation - 6,091
100,000 8,735
6 Creditors: amounts falling due within one year
2026 2025
£ £
Bank loans and overdrafts 28,457 19,590
Trade creditors 125,619 64,698
Amounts owed to directors 18,957 22,095
Other creditors 5,950 18,450
Taxation 30,645 32,010
VAT payable 21,761 -
Social security and other tax 19,606 10,832
Accruals and deferred income 2,160 2,160
253,155 169,835
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