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REGISTERED NUMBER: 09471383 (England and Wales)















Financial Statements for the Year Ended 23 March 2023

for

Southend Glass and Glazing Limited

Southend Glass and Glazing Limited (Registered number: 09471383)






Contents of the Financial Statements
for the Year Ended 23 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Southend Glass and Glazing Limited

Company Information
for the Year Ended 23 March 2023







DIRECTOR: S Chapman





REGISTERED OFFICE: 314 Mill Street
Dingle
Liverpool
Merseyside
L8 6QR





REGISTERED NUMBER: 09471383 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Southend Glass and Glazing Limited (Registered number: 09471383)

Balance Sheet
23 March 2023

23.3.23 23.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,499 2,997
1,499 2,997

CURRENT ASSETS
Stocks 4,875 4,527
Debtors 6 7,217 7,687
Cash at bank 4,888 8,595
16,980 20,809
CREDITORS
Amounts falling due within one year 7 13,504 13,739
NET CURRENT ASSETS 3,476 7,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,975

10,067

CREDITORS
Amounts falling due after more than one
year

8

(4,352

)

(6,353

)

PROVISIONS FOR LIABILITIES (285 ) (570 )
NET ASSETS 338 3,144

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 238 3,044
SHAREHOLDERS' FUNDS 338 3,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 March 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.

Southend Glass and Glazing Limited (Registered number: 09471383)

Balance Sheet - continued
23 March 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 director and authorised for issue on 24 October 2023 and were signed by:





S Chapman - Director


Southend Glass and Glazing Limited (Registered number: 09471383)

Notes to the Financial Statements
for the Year Ended 23 March 2023

1. STATUTORY INFORMATION

Southend Glass and Glazing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents the fair value of the consideration of the sale of glazing services, excluding value added tax. Turnover is recognised when the service is completed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Directors loans, trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


Southend Glass and Glazing Limited (Registered number: 09471383)

Notes to the Financial Statements - continued
for the Year Ended 23 March 2023

2. ACCOUNTING POLICIES - continued
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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 24 March 2022
and 23 March 2023 11,000
AMORTISATION
At 24 March 2022
and 23 March 2023 11,000
NET BOOK VALUE
At 23 March 2023 -
At 23 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 24 March 2022
and 23 March 2023 5,995
DEPRECIATION
At 24 March 2022 2,998
Charge for year 1,498
At 23 March 2023 4,496
NET BOOK VALUE
At 23 March 2023 1,499
At 23 March 2022 2,997

Southend Glass and Glazing Limited (Registered number: 09471383)

Notes to the Financial Statements - continued
for the Year Ended 23 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
23.3.23 23.3.22
£    £   
Trade debtors 906 2,214
Other debtors 6,311 5,473
7,217 7,687

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
23.3.23 23.3.22
£    £   
Bank loans and overdrafts 1,981 1,981
Trade creditors 9,041 7,218
Taxation and social security 1,381 3,441
Other creditors 1,101 1,099
13,504 13,739

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
23.3.23 23.3.22
£    £   
Bank loans 4,352 6,353