Financial Statements for the Year Ended 31 August 2021 |
for |
Mirrors & Glass (Stockport) Limited |
Financial Statements for the Year Ended 31 August 2021 |
for |
Mirrors & Glass (Stockport) Limited |
Mirrors & Glass (Stockport) Limited (Registered number: 00886904) |
Contents of the Financial Statements |
for the Year Ended 31 August 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Mirrors & Glass (Stockport) Limited |
Company Information |
for the Year Ended 31 August 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
8 Stockport Road |
Marple |
Stockport |
Cheshire |
SK6 6BJ |
Mirrors & Glass (Stockport) Limited (Registered number: 00886904) |
Balance Sheet |
31 August 2021 |
31.8.21 | 31.8.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 9 |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Mirrors & Glass (Stockport) Limited (Registered number: 00886904) |
Balance Sheet - continued |
31 August 2021 |
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 |
Mirrors & Glass (Stockport) Limited (Registered number: 00886904) |
Notes to the Financial Statements |
for the Year Ended 31 August 2021 |
1. | STATUTORY INFORMATION |
Mirrors & Glass (Stockport) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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 |
Mirrors & Glass (Stockport) Limited (Registered number: 00886904) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2021 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 September 2020 |
Additions |
Disposals |
At 31 August 2021 |
DEPRECIATION |
At 1 September 2020 |
Charge for year |
Eliminated on disposal |
At 31 August 2021 |
NET BOOK VALUE |
At 31 August 2021 |
At 31 August 2020 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 September 2020 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 August 2021 |
DEPRECIATION |
At 1 September 2020 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 August 2021 |
NET BOOK VALUE |
At 31 August 2021 |
At 31 August 2020 |
5. | STOCKS |
31.8.21 | 31.8.20 |
£ | £ |
Stocks |
Mirrors & Glass (Stockport) Limited (Registered number: 00886904) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.21 | 31.8.20 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.21 | 31.8.20 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.8.21 | 31.8.20 |
£ | £ |
Bank loans |
Hire purchase contracts |
Amounts falling due in more than five years: |
Repayable by instalments |
Hire purchase | 8,969 | 12,977 |
The Bank Loan is secured by a charge over the Freehold Land and Buildings. |
9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 September 2020 |
and 31 August 2021 |