REGISTERED NUMBER: 03000215 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Newglaze Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B J Newman

REGISTERED OFFICE:

Units 1 & 2

Moss Road Industrial Estate

Grimsby

N E Lincolnshire

DN32 0LW

REGISTERED NUMBER:

03000215 (England and Wales)

BANKERS:

HSBC Bank Plc

55 Victoria Street

Grimsby

N E Lincolnshire

DN31 1UX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

20,120

23,497

20,120

23,497

CURRENT ASSETS

Stocks

32,362

67,714

Debtors

6

195,854

399,963

Cash at bank and in hand

57

3,468

228,273

471,145

CREDITORS

Amounts falling due within one year

7

506,486

428,898

NET CURRENT (LIABILITIES)/ASSETS

(278,213

)

42,247

TOTAL ASSETS LESS CURRENT LIABILITIES

(258,093

)

65,744

CREDITORS

Amounts falling due after more than one year

8

-

(20,385

)

PROVISIONS FOR LIABILITIES

(3,748

)

(4,166

)

NET (LIABILITIES)/ASSETS

(261,841

)

41,193

CAPITAL AND RESERVES

Called up share capital

2

4

Capital redemption reserve

1,000

998

Retained earnings

(262,843

)

40,191

SHAREHOLDERS' FUNDS

(261,841

)

41,193

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 director acknowledges his 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 director and authorised for issue on 12 November 2025 and were signed by:

B J Newman - Director

1.	STATUTORY INFORMATION

Newglaze 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, 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.

Improvements to property

-

25% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

11,000

AMORTISATION

At 1 June 2024

and 31 May 2025

11,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 June 2024

11,752

38,435

34,717

Additions

-

3,333

-

At 31 May 2025

11,752

41,768

34,717

DEPRECIATION

At 1 June 2024

11,752

30,930

27,336

Charge for year

-

2,711

1,845

At 31 May 2025

11,752

33,641

29,181

NET BOOK VALUE

At 31 May 2025

-

8,127

5,536

At 31 May 2024

-

7,505

7,381

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2024

6,390

22,601

113,895

Additions

-

-

3,333

At 31 May 2025

6,390

22,601

117,228

DEPRECIATION

At 1 June 2024

6,146

14,234

90,398

Charge for year

61

2,093

6,710

At 31 May 2025

6,207

16,327

97,108

NET BOOK VALUE

At 31 May 2025

183

6,274

20,120

At 31 May 2024

244

8,367

23,497

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

100,901

179,230

Other debtors

94,953

220,733

195,854

399,963

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

75,565

43,572

Trade creditors

117,268

156,812

Taxation and social security

224,552

219,468

Other creditors

89,101

9,046

506,486

428,898

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

-

20,385