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REGISTERED NUMBER: 08898663 (England and Wales)



















ILLUSION GLASS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






ILLUSION GLASS LIMITED (REGISTERED NUMBER: 08898663)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ILLUSION GLASS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: L G Pindoria





SECRETARY: Mrs L L Pindoria





REGISTERED OFFICE: Rose House
Kingsbury Works Kingsbury Road
London
NW9 8UP





REGISTERED NUMBER: 08898663 (England and Wales)





ACCOUNTANTS: C. Jay & Co.
Chartered Certified Accountants
CJ House
99A Cobbold Road
London
NW10 9SL

ILLUSION GLASS LIMITED (REGISTERED NUMBER: 08898663)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 17,252 23,002

CURRENT ASSETS
Debtors 5 35,500 35,500
Cash at bank 89,637 123,647
125,137 159,147
CREDITORS
Amounts falling due within one year 6 114,320 111,314
NET CURRENT ASSETS 10,817 47,833
TOTAL ASSETS LESS CURRENT LIABILITIES 28,069 70,835

CREDITORS
Amounts falling due after more than one year 7 - 50,000
NET ASSETS 28,069 20,835

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 28,067 20,833
SHAREHOLDERS' FUNDS 28,069 20,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 5 September 2022 and were signed by:



L G Pindoria - Director


ILLUSION GLASS LIMITED (REGISTERED NUMBER: 08898663)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Illusion Glass 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.

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.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

ILLUSION GLASS LIMITED (REGISTERED NUMBER: 08898663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2021
and 31 March 2022 172,319
DEPRECIATION
At 1 April 2021 149,317
Charge for year 5,750
At 31 March 2022 155,067
NET BOOK VALUE
At 31 March 2022 17,252
At 31 March 2021 23,002

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Other debtors 35,500 35,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Taxation and social security 3,846 840
Other creditors 110,474 110,474
114,320 111,314

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£ £
Bank loans - 50,000