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Registered number: 08433036

Interfusion Glass Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023


Interfusion Glass Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Andrzej Skladanek
REGISTERED OFFICE
273 Abberdyle Road
Wembley
London
HA0 1TW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08433036

Interfusion Glass Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Interfusion Glass Ltd

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets317,36241,627
CURRENT ASSETS
Stock134,61969,670
Debtors5253,824215,787
Cash at bank and in hand136,990220,530
525,433505,987
CREDITORS: Amounts falling due within one year6105,643144,557
NET CURRENT ASSETS419,790361,430
TOTAL ASSETS LESS CURRENT LIABILITIES437,152403,057
CREDITORS: Amounts falling due after more than one year734,96851,856
NET ASSETS402,184351,201
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account402,084351,101
SHAREHOLDERS' FUNDS402,184351,201
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/05/2023 and signed on their behalf by
.............................
Andrzej Skladanek
Director

Interfusion Glass Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

Interfusion Glass Ltd

2. EMPLOYEES
20232022
No.No.
Average number of employees77
3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentMotor CarsTotal
££££££
Cost
At 01/04/202250,12327,2023,8503,59947,250132,024
Additions1,189----1,189
Disposals----(47,250)(47,250)
At 31/03/202351,31227,2023,8503,599-85,963
Depreciation
At 01/04/202235,80222,8231,8412,61527,31690,397
Disposals----(27,316)(27,316)
For the year3,8781,095301246-5,520
At 31/03/202339,68023,9182,1422,861-68,601
Net Book Amounts
At 31/03/202311,6323,2841,708738-17,362
At 31/03/202214,3214,3792,00998419,93441,627
4. STOCK 20232022
££
Stock comprises:
Stock raw materials134,61969,670
134,61969,670
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors19,14761,665
Amounts due from group companies229,119110,565
Prepayments-3,557
Directors current account5,55840,000
253,824215,787

Interfusion Glass Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax36,14133,939
VAT19,02110,007
PAYE control9,81710,116
Bank Loan16,61616,345
Credit card417306
Trade creditors23,20873,844
Pension schemes423-
105,643144,557
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr34,96851,856
34,96851,856
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Class 1 shares of £1 each100100
100100