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REGISTERED NUMBER: 12410232 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Commercial Glazing Midlands Ltd

Commercial Glazing Midlands Ltd (Registered number: 12410232)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Commercial Glazing Midlands Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: N Hundleby





REGISTERED OFFICE: Unit 4 Honourbuilt Works
96 Central Avenue
Nuneaton
Warwickshire
CV11 5BB





REGISTERED NUMBER: 12410232 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Commercial Glazing Midlands Ltd (Registered number: 12410232)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 325 922

CURRENT ASSETS
Debtors 5 276,483 241,984
Cash at bank and in hand 385,815 180,369
662,298 422,353
CREDITORS
Amounts falling due within one year 6 (488,103 ) (365,062 )
NET CURRENT ASSETS 174,195 57,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,520

58,213

PROVISIONS FOR LIABILITIES (175 ) (175 )
NET ASSETS 174,345 58,038

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 174,342 58,035
174,345 58,038

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 October 2023 and were signed by:



N Hundleby - Director


Commercial Glazing Midlands Ltd (Registered number: 12410232)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Commercial Glazing Midlands Ltd 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.
Computer equipment - 33% on cost

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.

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 6 (2022 - 4 ) .

Commercial Glazing Midlands Ltd (Registered number: 12410232)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2022
and 31 January 2023 1,817
DEPRECIATION
At 1 February 2022 895
Charge for year 597
At 31 January 2023 1,492
NET BOOK VALUE
At 31 January 2023 325
At 31 January 2022 922

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 214,097 189,318
Other debtors 62,386 52,666
276,483 241,984

Other debtors includes prepayments and accrued income of £52,631 (2022: £52,631)

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 37,344 163,755
Taxation and social security 184,789 115,420
Other creditors 265,970 85,887
488,103 365,062

Other creditors includes accruals and deferred income of £1,980 (2022: £1,980).

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
S C Morris
Balance outstanding at start of year - -
Amounts advanced - 39,676
Amounts repaid - (39,676 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Commercial Glazing Midlands Ltd (Registered number: 12410232)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J M Wyllie
Balance outstanding at start of year - -
Amounts advanced - 43,208
Amounts repaid - (43,208 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

N Hundleby
Balance outstanding at start of year - -
Amounts advanced 3,529 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,529 -

Interest on balances over £10,000 was charged at HMRC's official rate and the loan was repayable on demand.