REGISTERED NUMBER: 01721735 (England and Wales)

MIDLAND GLASS COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Cooper

P S Jones

Mrs S L Jones

Mrs J Cooper

SECRETARY:

Mrs J Cooper

REGISTERED OFFICE:

16 Enterprise Way

Jubilee Business Park

Derby

DE21 4BB

REGISTERED NUMBER:

01721735 (England and Wales)

FIXED ASSETS

Tangible assets

4

582,303

602,063

CURRENT ASSETS

Stocks

37,500

33,894

Debtors

5

377,238

376,276

Cash at bank and in hand

700,617

486,572

1,115,355

896,742

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

399,370

302,606

NET CURRENT ASSETS

715,985

594,136

TOTAL ASSETS LESS CURRENT LIABILITIES

1,298,288

1,196,199

PROVISIONS FOR LIABILITIES

12,447

17,059

NET ASSETS

1,285,841

1,179,140

CAPITAL AND RESERVES

Called up share capital

7

500

500

Retained earnings

1,285,341

1,178,640

SHAREHOLDERS' FUNDS

1,285,841

1,179,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 14 November 2025 and were signed on its behalf by:

Mrs J Cooper - Director

1.	STATUTORY INFORMATION

Midland Glass Company 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 accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover

Turnover represents net invoiced sales of goods, net of value added tax and trade discounts.

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.

Freehold property

-

2% on cost

Improvements to property

-

4% on cost

Plant and machinery

-

20% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% 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.

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.

Debtors and creditors

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.

Employee benefit

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 June 2024

661,333

78,204

327,607

67,741

1,134,885

Additions

-

-

13,075

-

13,075

At 31 May 2025

661,333

78,204

340,682

67,741

1,147,960

DEPRECIATION

At 1 June 2024

179,627

36,079

261,540

55,576

532,822

Charge for year

11,227

3,128

15,439

3,041

32,835

At 31 May 2025

190,854

39,207

276,979

58,617

565,657

NET BOOK VALUE

At 31 May 2025

470,479

38,997

63,703

9,124

582,303

At 31 May 2024

481,706

42,125

66,067

12,165

602,063

Included in cost of land and buildings is freehold land of £ 100,000 (2024 - £ 100,000 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

329,967

327,267

Other debtors

47,271

49,009

377,238

376,276

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

246,035

175,488

Taxation and social security

132,975

114,422

Other creditors

20,360

12,696

399,370

302,606

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

500

Ordinary

£1

500

500

8.

CONTROL

The controlling party is A M and J Cooper.