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REGISTERED NUMBER: 10901449 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2022

for

COLOUR GLASS GLAZING LTD

COLOUR GLASS GLAZING LTD (REGISTERED NUMBER: 10901449)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

COLOUR GLASS GLAZING LTD

Company Information
for the Year Ended 31 July 2022







DIRECTORS: Mr G B Nethercott
Mr B Nethercott





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE





REGISTERED NUMBER: 10901449 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

COLOUR GLASS GLAZING LTD (REGISTERED NUMBER: 10901449)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,667 84,878

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 5 82,040 60,642
Cash at bank and in hand 48,123 83,197
137,663 151,339
CREDITORS
Amounts falling due within one year 6 68,836 85,955
NET CURRENT ASSETS 68,827 65,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,494

150,262

CREDITORS
Amounts falling due after more than one
year

7

(23,533

)

(32,155

)

PROVISIONS FOR LIABILITIES (19,317 ) (16,127 )
NET ASSETS 127,644 101,980

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 127,544 101,880
SHAREHOLDERS' FUNDS 127,644 101,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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.

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 Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:





Mr G B Nethercott - Director


COLOUR GLASS GLAZING LTD (REGISTERED NUMBER: 10901449)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

Colour Glass Glazing Ltd 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.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 20% on cost and 15% 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 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2021 - 9 ) .

COLOUR GLASS GLAZING LTD (REGISTERED NUMBER: 10901449)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2021 112,491
Additions 37,496
At 31 July 2022 149,987
DEPRECIATION
At 1 August 2021 27,613
Charge for year 20,707
At 31 July 2022 48,320
NET BOOK VALUE
At 31 July 2022 101,667
At 31 July 2021 84,878

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2021
and 31 July 2022 20,193
DEPRECIATION
At 1 August 2021 4,039
Charge for year 3,230
At 31 July 2022 7,269
NET BOOK VALUE
At 31 July 2022 12,924
At 31 July 2021 16,154

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade debtors 82,040 60,642

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Bank loans and overdrafts 5,003 5,004
Hire purchase contracts 3,624 3,624
Trade creditors 9,015 11,672
Taxation and social security 47,930 35,706
Other creditors 3,264 29,949
68,836 85,955

COLOUR GLASS GLAZING LTD (REGISTERED NUMBER: 10901449)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.22 31.7.21
£    £   
Bank loans 14,160 19,158
Hire purchase contracts 9,373 12,997
23,533 32,155

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.22 31.7.21
£    £   
Hire purchase contracts 12,997 16,621

The hire purchase creditor is secured on the individual asset concerned.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.22 31.7.21
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 August 2021 101,880
Profit for the year 50,664
Dividends (25,000 )
At 31 July 2022 127,544

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2022 and 31 July 2021:

31.7.22 31.7.21
£    £   
Mr G B Nethercott
Balance outstanding at start of year (14,015 ) (15,364 )
Amounts advanced 58,650 48,853
Amounts repaid (44,920 ) (47,504 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (285 ) (14,015 )

Mr B Nethercott
Balance outstanding at start of year (14,015 ) (17,427 )
Amounts advanced 87,013 32,919
Amounts repaid (73,283 ) (29,507 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (285 ) (14,015 )

COLOUR GLASS GLAZING LTD (REGISTERED NUMBER: 10901449)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2021 - £17,000) were paid to Mr G B Nethercott..

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Colour Glass Glazing Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Colour Glass Glazing Ltd for the year ended 31 July 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Colour Glass Glazing Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Colour Glass Glazing Ltd and state those matters that we have agreed to state to the Board of Directors of Colour Glass Glazing Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Colour Glass Glazing Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Colour Glass Glazing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Colour Glass Glazing Ltd. You consider that Colour Glass Glazing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Colour Glass Glazing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................