REGISTERED NUMBER: 05088082 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Midland Dual Glaze Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

S G Bowler

L G Collins

R A Flint

SECRETARY:

Mrs E Stevenson

REGISTERED OFFICE:

16a Kings Mill Way

Mansfield

Nottinghamshire

NG18 5ER

REGISTERED NUMBER:

05088082 (England and Wales)

ACCOUNTANTS:

Sharpe & Co. Accountants Limited

5 Far Lane

Normanton on Soar

Loughborough

Leicestershire

LE12 5HA

FIXED ASSETS

Tangible assets

4

16,934

25,622

Investments

5

100

100

17,034

25,722

CURRENT ASSETS

Stocks

19,908

13,210

Debtors

6

15,794

12,020

Cash at bank and in hand

101,882

216,556

137,584

241,786

CREDITORS

Amounts falling due within one year

7

91,345

136,359

NET CURRENT ASSETS

46,239

105,427

TOTAL ASSETS LESS CURRENT LIABILITIES

63,273

131,149

CREDITORS

Amounts falling due after more than one year

8

(11,376

)

(32,156

)

PROVISIONS FOR LIABILITIES

(3,113

)

(441

)

NET ASSETS

48,784

98,552

CAPITAL AND RESERVES

Called up share capital

10

3

3

Retained earnings

48,781

98,549

SHAREHOLDERS' FUNDS

48,784

98,552

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:

R A Flint - Director

1.	STATUTORY INFORMATION

Midland Dual Glaze 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

-

25% on cost, 20% on cost and 10% - 33.3% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

3,528

184,001

187,529

Additions

-

13,740

13,740

Disposals

-

(45,094

)

(45,094

)

At 31 March 2025

3,528

152,647

156,175

DEPRECIATION

At 1 April 2024

1,582

160,325

161,907

Charge for year

353

10,726

11,079

Eliminated on disposal

-

(33,745

)

(33,745

)

At 31 March 2025

1,935

137,306

139,241

NET BOOK VALUE

At 31 March 2025

1,593

15,341

16,934

At 31 March 2024

1,946

23,676

25,622

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

67,030

Disposals

(33,210

)

At 31 March 2025

33,820

DEPRECIATION

At 1 April 2024

43,601

Charge for year

7,247

Eliminated on disposal

(21,861

)

At 31 March 2025

28,987

NET BOOK VALUE

At 31 March 2025

4,833

At 31 March 2024

23,429

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

13,794

12,020

Other debtors

2,000

-

15,794

12,020

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts and finance leases

3,419

6,382

Trade creditors

29,842

32,107

Amounts owed to group undertakings

100

100

Taxation and social security

47,538

90,364

Other creditors

10,446

7,406

91,345

136,359

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts and finance leases

11,376

32,156

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts and finance leases

14,795

38,538

The liability is secured against the financed asset.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

3

Ordinary

1

3

3

11.	OTHER FINANCIAL COMMITMENTS

The company has obligations under operating leases not accounted for in the Balance Sheet amounting to £25,500 (2024: £43,500).

The company operates a defined contribution pension scheme where the assets are held separately from those of the Company. At 31 March 2025 there were unpaid contributions amounting to £358 (2024: £299) due to the scheme.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Midland Dual Glaze Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Midland Dual Glaze Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Midland Dual Glaze Limited and state those matters that we have agreed to state to the Board of Directors of Midland Dual Glaze Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Midland Dual Glaze Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Midland Dual Glaze Limited. You consider that Midland Dual Glaze Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Midland Dual Glaze Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sharpe & Co. Accountants Limited

5 Far Lane

Normanton on Soar

Loughborough

Leicestershire

LE12 5HA

1 May 2025