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
Wetherby Glass Limited
Statement of financial position
as at 31 May 2023
Tangible assets
36,246
35,803
Cash at bank and in hand
165,443
142,514
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)
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
Wetherby Glass Limited
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
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
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
12,988
15,280
Amounts falling due within one year
Trade debtors
47,932
53,950
Accrued income and prepayments
1,206
65
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
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
8,028
11,497
9
Average number of employees
During the year the average number of employees was 9 (2022: 7).