Registered number
10896638
Glass Tailors Ltd
Unaudited Filleted Accounts and Notes
For the year ended
31 January 2023
Glass Tailors Ltd
Registered number: 10896638
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 20,600 18,896
Current assets
Debtors 4 (40,997) 102,864
Cash at bank and in hand 24 4,057
(40,973) 106,921
Creditors: amounts falling due within one year 5 (52,466) (45,802)
Net current (liabilities)/assets (93,439) 61,119
Total assets less current liabilities (72,839) 80,015
Creditors: amounts falling due after more than one year 6 (31,667) (42,638)
Net (liabilities)/assets (104,506) 37,377
Capital and reserves
Called up share capital 100 100
Profit and loss account (104,606) 37,277
Shareholders' funds (104,506) 37,377
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Pradip Patel
Director
Approved by the board on 20 October 2023
Glass Tailors Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 February 2022 - 25,195 25,195
Additions 8,003 - 8,003
At 31 January 2023 8,003 25,195 33,198
Depreciation
At 1 February 2022 - 6,299 6,299
Charge for the year - 6,299 6,299
At 31 January 2023 - 12,598 12,598
Net book value
At 31 January 2023 8,003 12,597 20,600
At 31 January 2022 - 18,896 18,896
4 Debtors 2023 2022
£ £
Trade debtors 2,006 41,580
Amounts owed by group undertakings and undertakings in which the company has a participating interest (45,131) 50,257
Other debtors 2,128 11,027
(40,997) 102,864
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 37,115 51,565
Taxation and social security costs (4,380) (2,520)
Other creditors 19,731 (3,243)
52,466 45,802
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 31,667 42,638
7 Off-balance sheet arrangements
8 Related party transactions
9 Controlling party
PPSM Holding Ltd
Registered office
4 Laurel Park
Harrow
HA3 6AU
10 Member of group company
Glass Tailors Ltd Ltd is a member of PPSL Holdings Ltd Company registration no 12432622
11 Other information
Glass Tailors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Laurel Park
Harrow
HA3 6AU
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