IRIS Accounts Production v23.2.0.158 07534465 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075344652022-05-31075344652023-05-31075344652022-06-012023-05-31075344652021-05-31075344652021-06-012022-05-31075344652022-05-3107534465ns10:Originalns15:EnglandWales2022-06-012023-05-3107534465ns14:PoundSterlingns10:Original2022-06-012023-05-3107534465ns10:Originalns10:Director12022-06-012023-05-3107534465ns10:Original2022-06-012023-05-3107534465ns10:Original2023-05-3107534465ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3107534465ns10:Originalns10:SmallEntities2022-06-012023-05-3107534465ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3107534465ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3107534465ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3107534465ns10:Originalns10:FullAccounts2022-06-012023-05-3107534465ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3107534465ns10:Originalns10:Director22022-06-012023-05-3107534465ns10:Originalns10:RegisteredOffice2022-06-012023-05-3107534465ns10:Original2022-05-3107534465ns10:Originalns5:CurrentFinancialInstruments2023-05-3107534465ns10:Originalns5:CurrentFinancialInstruments2022-05-3107534465ns10:Originalns5:Non-currentFinancialInstruments2023-05-3107534465ns10:Originalns5:Non-currentFinancialInstruments2022-05-3107534465ns5:ShareCapitalns10:Original2023-05-3107534465ns5:ShareCapitalns10:Original2022-05-3107534465ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3107534465ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3107534465ns10:Originalns5:PlantMachinery2022-06-012023-05-3107534465ns10:Originalns5:ComputerEquipment2022-06-012023-05-3107534465ns10:Original2021-06-012022-05-3107534465ns10:Originalns5:PlantMachinery2022-05-3107534465ns10:Originalns5:FurnitureFittings2022-05-3107534465ns10:Originalns5:ComputerEquipment2022-05-3107534465ns10:Original2022-05-3107534465ns10:Originalns5:FurnitureFittings2022-06-012023-05-3107534465ns10:Originalns5:PlantMachinery2023-05-3107534465ns10:Originalns5:FurnitureFittings2023-05-3107534465ns10:Originalns5:ComputerEquipment2023-05-3107534465ns10:Originalns5:PlantMachinery2022-05-3107534465ns10:Originalns5:FurnitureFittings2022-05-3107534465ns10:Originalns5:ComputerEquipment2022-05-3107534465ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3107534465ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3107534465ns10:Originalns10:OrdinaryShareClass12023-05-3107534465ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3107534465ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-012023-05-31
REGISTERED NUMBER: 07534465 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

CONSTANT FIBREGLASS LIMITED

CONSTANT FIBREGLASS LIMITED (REGISTERED NUMBER: 07534465)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONSTANT FIBREGLASS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr D J Edgar
Mr M L Hurst





REGISTERED OFFICE: Unit A Jarvis Rowell Estate
Burnham Road
Dartford
Kent
DA1 5BN





REGISTERED NUMBER: 07534465 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

CONSTANT FIBREGLASS LIMITED (REGISTERED NUMBER: 07534465)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,465 3,703

CURRENT ASSETS
Debtors 5 43,318 64,281
Cash at bank 110,333 149,197
153,651 213,478
CREDITORS
Amounts falling due within one year 6 19,483 52,138
NET CURRENT ASSETS 134,168 161,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,633

165,043

CREDITORS
Amounts falling due after more than one
year

7

-

(224

)

PROVISIONS FOR LIABILITIES (3,867 ) (704 )
NET ASSETS 145,766 164,115

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 144,766 163,115
SHAREHOLDERS' FUNDS 145,766 164,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

CONSTANT FIBREGLASS LIMITED (REGISTERED NUMBER: 07534465)

BALANCE SHEET - continued
31 MAY 2023


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 Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





Mr M L Hurst - Director


CONSTANT FIBREGLASS LIMITED (REGISTERED NUMBER: 07534465)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Constant Fibreglass 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 - 25% per annum on reducing balance
Computer equipment - 25% per annum 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CONSTANT FIBREGLASS LIMITED (REGISTERED NUMBER: 07534465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022 3,236 1,178 4,024 8,438
Additions 12,331 - 2,532 14,863
Disposals - - (2,615 ) (2,615 )
At 31 May 2023 15,567 1,178 3,941 20,686
DEPRECIATION
At 1 June 2022 2,479 364 1,892 4,735
Charge for year 967 204 777 1,948
Eliminated on disposal - - (1,462 ) (1,462 )
At 31 May 2023 3,446 568 1,207 5,221
NET BOOK VALUE
At 31 May 2023 12,121 610 2,734 15,465
At 31 May 2022 757 814 2,132 3,703

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 42,060 63,708
Other debtors 1,258 573
43,318 64,281

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,128
Taxation and social security 16,064 49,193
Other creditors 3,419 1,817
19,483 52,138

CONSTANT FIBREGLASS LIMITED (REGISTERED NUMBER: 07534465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors - 224

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 June 2022 163,115
Profit for the year 56,651
Dividends (75,000 )
At 31 May 2023 144,766

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed Mr M Hurst £959(2022: £528) and Mr D Edgar £835 (2022: £114).

Dividends of £75,000 were paid during the year, £32,500 to Mr M Hurst and £32,500 to Mr D Edgar.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors due to their equal share holding.