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REGISTERED NUMBER: 06063246 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

JCL GLASS LIMITED

JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JCL GLASS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: J P Archer
C J Archer
A Archer





REGISTERED OFFICE: Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS





REGISTERED NUMBER: 06063246 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,134,083 1,713,666

CURRENT ASSETS
Stocks 45,946 54,901
Debtors 5 870,332 343,502
Cash at bank 386,034 411,582
1,302,312 809,985
CREDITORS
Amounts falling due within one year 6 925,467 319,583
NET CURRENT ASSETS 376,845 490,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,510,928

2,204,068

CREDITORS
Amounts falling due after more than one
year

7

(209,008

)

(806,453

)

PROVISIONS FOR LIABILITIES (149,655 ) (118,688 )
NET ASSETS 1,152,265 1,278,927

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 1,152,145 1,278,807
SHAREHOLDERS' FUNDS 1,152,265 1,278,927

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 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.

JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





A Archer - Director


JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)

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

1. STATUTORY INFORMATION

JCL Glass Limited is a private company, limited by shares, registered in England and Wales. Its registered office is Church View Chambers, 38 Market Square, Toddington, Dunstable, Bedfordshire, LU5 6BS.

Its principal place of business is Unit 1, Insignia Industrial Estate, Printer's End, Gatehouse Way, Aylesbury HP19 8DB.

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 and on a going concern basis.

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.
Freehold property - Straight line over 50 years
Plant and machinery - 18% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 18% on reducing balance

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

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.


JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 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.

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.

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 26 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 February 2022 1,320,000 - 602,730
Additions - 249 711,954
Disposals (1,320,000 ) - -
At 31 January 2023 - 249 1,314,684
DEPRECIATION
At 1 February 2022 105,600 - 189,658
Charge for year 15,912 2 76,563
Eliminated on disposal (121,512 ) - -
At 31 January 2023 - 2 266,221
NET BOOK VALUE
At 31 January 2023 - 247 1,048,463
At 31 January 2022 1,214,400 - 413,072

JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022 27,942 170,785 2,121,457
Additions 15,628 2,744 730,575
Disposals - - (1,320,000 )
At 31 January 2023 43,570 173,529 1,532,032
DEPRECIATION
At 1 February 2022 9,692 102,841 407,791
Charge for year 6,552 12,641 111,670
Eliminated on disposal - - (121,512 )
At 31 January 2023 16,244 115,482 397,949
NET BOOK VALUE
At 31 January 2023 27,326 58,047 1,134,083
At 31 January 2022 18,250 67,944 1,713,666

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 336,925 332,248
Amounts owed by group undertakings 403,520 560
Other debtors 129,887 10,694
870,332 343,502

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 9,912 59,615
Hire purchase contracts (see note 8) 39,948 36,499
Trade creditors 190,558 178,366
Taxation and social security 41,360 14,514
Other creditors 643,689 30,589
925,467 319,583

JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 24,115 581,868
Hire purchase contracts (see note 8) 184,893 224,585
209,008 806,453

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after more than
5 years by instalments 24,115 581,868
24,115 581,868

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.23 31.1.22
£    £   
Net obligations repayable:
Within one year 39,948 36,499
Between one and five years 184,893 224,585
224,841 261,084

Non-cancellable operating leases
31.1.23 31.1.22
£    £   
Within one year 22,657 -
Between one and five years 26,434 -
49,091 -

9. RELATED PARTIES

On 2 November 2022, the freehold property was transferred to JCL Glass Holdings Ltd, the parent undertaking, along with the outstanding loan.