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Company Registration No. 03745290 (England and Wales)
Wetherby Glass Limited Unaudited accounts for the year ended 31 May 2023
Wetherby Glass Limited Unaudited accounts Contents
Page
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Wetherby Glass Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,246 
35,803 
Current assets
Inventories
16,852 
11,260 
Debtors
49,138 
54,015 
Cash at bank and in hand
165,443 
142,514 
231,433 
207,789 
Creditors: amounts falling due within one year
(157,049)
(121,655)
Net current assets
74,384 
86,134 
Total assets less current liabilities
110,630 
121,937 
Creditors: amounts falling due after more than one year
(32,865)
(46,334)
Net assets
77,765 
75,603 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
77,665 
75,503 
Shareholders' funds
77,765 
75,603 
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2023 and were signed on its behalf by
Paul Wilson Director Company Registration No. 03745290
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Wetherby Glass Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Wetherby Glass Limited is a private company, limited by shares, registered in England and Wales, registration number 03745290. The registered office is Victoria Glass Works, 6 Victoria Street, Wetherby, West Yorkshire, LS22 6RE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over life of lease
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance and straight line over the life of the lease
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2022
14,000 
At 31 May 2023
14,000 
Amortisation
At 1 June 2022
14,000 
At 31 May 2023
14,000 
Net book value
At 31 May 2023
- 
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Wetherby Glass Limited Notes to the Accounts for the year ended 31 May 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 June 2022
40,093 
46,106 
46,047 
16,543 
6,642 
155,431 
Additions
- 
6,557 
- 
448 
- 
7,005 
At 31 May 2023
40,093 
52,663 
46,047 
16,991 
6,642 
162,436 
Depreciation
At 1 June 2022
29,613 
40,647 
28,164 
14,976 
6,228 
119,628 
Charge for the year
1,671 
1,802 
2,683 
302 
104 
6,562 
At 31 May 2023
31,284 
42,449 
30,847 
15,278 
6,332 
126,190 
Net book value
At 31 May 2023
8,809 
10,214 
15,200 
1,713 
310 
36,246 
At 31 May 2022
10,480 
5,459 
17,883 
1,567 
414 
35,803 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
12,988 
15,280 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
47,932 
53,950 
Accrued income and prepayments
1,206 
65 
49,138 
54,015 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
9,646 
Obligations under finance leases and hire purchase contracts
3,469 
3,304 
Trade creditors
81,859 
48,192 
Taxes and social security
24,201 
31,827 
Other creditors
37,520 
28,686 
157,049 
121,655 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,837 
34,837 
Obligations under finance leases and hire purchase contracts
8,028 
11,497 
32,865 
46,334 
9
Average number of employees
During the year the average number of employees was 9 (2022: 7).
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