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REGISTERED NUMBER: SC121033 (Scotland)












NESSGLAZE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2018






NESSGLAZE LIMITED (REGISTERED NUMBER: SC121033)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NESSGLAZE LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2018







DIRECTORS: Mr N MacRitchie
Mr W MacRitchie





REGISTERED OFFICE: Unit 1 & 2
Parkend Industrial Estate
Stornoway
Western Isles
HS2 0AN





REGISTERED NUMBER: SC121033 (Scotland)





ACCOUNTANTS: Nicolson Accountancy
49/50 Bayhead
Stornoway
Western Isles
HS1 2DZ

NESSGLAZE LIMITED (REGISTERED NUMBER: SC121033)

BALANCE SHEET
31 August 2018

31.8.18 31.8.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 290,963 451,876

CURRENT ASSETS
Stocks 175,194 184,219
Debtors 5 240,284 317,934
Cash at bank and in hand 562,299 372,825
977,777 874,978
CREDITORS
Amounts falling due within one year 6 193,933 206,484
NET CURRENT ASSETS 783,844 668,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,074,807

1,120,370

CREDITORS
Amounts falling due after more than one
year

7

3,253

7,178
NET ASSETS 1,071,554 1,113,192

NESSGLAZE LIMITED (REGISTERED NUMBER: SC121033)

BALANCE SHEET - continued
31 August 2018

31.8.18 31.8.17
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 1,071,454 1,113,092
SHAREHOLDERS' FUNDS 1,071,554 1,113,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 6 November 2018 and were signed on its behalf
by:





Mr W MacRitchie - Director


NESSGLAZE LIMITED (REGISTERED NUMBER: SC121033)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2018

1. STATUTORY INFORMATION

Nessglaze Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
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.

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 21 (2017 - 20 ) .

NESSGLAZE LIMITED (REGISTERED NUMBER: SC121033)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2017 393,283 168,753 11,474 177,133 750,643
Additions - 18,103 - - 18,103
Disposals (173,000 ) - - - (173,000 )
At 31 August 2018 220,283 186,856 11,474 177,133 595,746
DEPRECIATION
At 1 September 2017 37,026 113,321 8,572 139,848 298,767
Charge for year 4,405 14,705 972 9,322 29,404
Eliminated on disposal (23,388 ) - - - (23,388 )
At 31 August 2018 18,043 128,026 9,544 149,170 304,783
NET BOOK VALUE
At 31 August 2018 202,240 58,830 1,930 27,963 290,963
At 31 August 2017 356,257 55,432 2,902 37,285 451,876

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

Plant and
machinery
etc
£   
COST
At 1 September 2017
and 31 August 2018 19,703
DEPRECIATION
At 1 September 2017 8,619
Charge for year 2,771
At 31 August 2018 11,390
NET BOOK VALUE
At 31 August 2018 8,313
At 31 August 2017 11,084

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Trade debtors 235,199 167,934
Other debtors 5,085 150,000
240,284 317,934

NESSGLAZE LIMITED (REGISTERED NUMBER: SC121033)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Hire purchase contracts 4,681 4,681
Trade creditors 102,335 106,110
Taxation and social security 63,035 62,900
Other creditors 23,882 32,793
193,933 206,484

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.18 31.8.17
£    £   
Hire purchase contracts 3,253 7,178

8. RESERVES
Retained
earnings
£   

At 1 September 2017 1,113,092
Deficit for the year (36,638 )
Dividends (5,000 )
At 31 August 2018 1,071,454

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2018 and
31 August 2017:

31.8.18 31.8.17
£    £   
Mr N MacRitchie
Balance outstanding at start of year 150,000 150,000
Amounts repaid (150,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 150,000

The loan to the director bears interest at 1%.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The controlling party is John M MacRitchie.