F R & J M Glazebrook & Son Limited Filleted accounts for Companies House (small and micro)

F R & J M Glazebrook & Son Limited

Unaudited financial statements

31 March 2025

Company Registration Number 05038444

F R & J M Glazebrook & Son Limited

Financial statements

year ended 31 March 2025

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 7

F R & J M Glazebrook & Son Limited

Balance sheet

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	251,016	252,537

Current assets

Stocks		40,850	36,163
Debtors	7	8,098	9,485
Cash at bank and in hand		21,654	17,630
		--------	--------
		70,602	63,278

Creditors: amounts falling due within one year	8	12,049	13,853
		--------	--------
Net current assets		58,553	49,425
		---------	---------
Total assets less current liabilities		309,569	301,962

Provisions	750	–
	---------	---------
Net assets	308,819	301,962
	---------	---------

Capital and reserves

Called up share capital	300,099	300,099
Profit and loss account	8,720	1,863
	---------	---------
Shareholders funds	308,819	301,962
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

F R & J M Glazebrook & Son Limited

Balance sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 October 2025 , and are signed on behalf of the board by:

Mr R F Glazebrook

Director

Company registration number: 05038444

F R & J M Glazebrook & Son Limited

Notes to the financial statements

year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Haven House, 4 Sheffield Road, South Anston, Sheffield, S25 5DT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Intangible assets

	Goodwill
	£

Cost
At 1 April 2024 and 31 March 2025	15,000
	--------
Amortisation
At 1 April 2024 and 31 March 2025	15,000
	--------
Carrying amount
At 31 March 2025	–
	--------
At 31 March 2024	–
	--------

6. Tangible assets

Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
£	£	£	£	£

Cost
At 1 April 2024 and 31 March 2025	244,213	61,620	104,896	494	411,223
	---------	--------	---------	----	---------
Depreciation
At 1 April 2024	–	56,061	102,168	457	158,686
Charge for the year	–	834	682	5	1,521
	---------	--------	---------	----	---------
At 31 March 2025	–	56,895	102,850	462	160,207
	---------	--------	---------	----	---------
Carrying amount
At 31 March 2025	244,213	4,725	2,046	32	251,016
	---------	--------	---------	----	---------
At 31 March 2024	244,213	5,559	2,728	37	252,537
	---------	--------	---------	----	---------

7. Debtors

	2025	2024
	£	£

Trade debtors	5,680	7,693
Other debtors	2,418	1,792
	-------	-------
	8,098	9,485
	-------	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£

Trade creditors	2,407	3,627
Corporation tax	1,292	–
Other creditors	8,350	10,226
	--------	--------
	12,049	13,853
	--------	--------

9. Related party transactions

The company was under joint control of the directors (who are joint shareholders)throughout the current and previous year. During the year the company paid rent of £1,200 (2024 - £1,200) to Mr F R & Mrs J M Glazebrook. There were no amounts outstanding at the year end (2024 - nil).