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REGISTERED NUMBER: 01095294 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Ellesmere Port Glass & Glazing Co.
Limited

Ellesmere Port Glass & Glazing Co.
Limited (Registered number: 01095294)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Ellesmere Port Glass & Glazing Co.
Limited (Registered number: 01095294)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,365 83,187

CURRENT ASSETS
Debtors 5 33,327 29,811
Cash at bank and in hand 35,202 66,568
68,529 96,379
CREDITORS
Amounts falling due within one year 6 26,026 60,874
NET CURRENT ASSETS 42,503 35,505
TOTAL ASSETS LESS CURRENT LIABILITIES 121,868 118,692

PROVISIONS FOR LIABILITIES 1,037 1,350
NET ASSETS 120,831 117,342

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 38,998 40,145
Retained earnings 80,833 76,197
SHAREHOLDERS' FUNDS 120,831 117,342

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 director acknowledges his 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.

Ellesmere Port Glass & Glazing Co.
Limited (Registered number: 01095294)

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





Mr P R Jones - Director


Ellesmere Port Glass & Glazing Co.
Limited (Registered number: 01095294)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Ellesmere Port Glass & Glazing Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01095294

Registered office: 9 Whitby Road
Ellesmere Port
Cheshire
CH65 8AA

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Tangible fixed assets are stated at historical cost, modified for the revaluation of the company's property, less accumulated depreciation and any provision for impairment. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property-Straight line over 46 years
Plant and machinery-15% on reducing balance method
Motor vehicles- 25% on reducing balance method

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


Ellesmere Port Glass & Glazing Co.
Limited (Registered number: 01095294)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 February 2022
and 31 January 2023 100,000 27,980 10,441 138,421
DEPRECIATION
At 1 February 2022 23,920 26,688 4,626 55,234
Charge for year 2,174 194 1,454 3,822
At 31 January 2023 26,094 26,882 6,080 59,056
NET BOOK VALUE
At 31 January 2023 73,906 1,098 4,361 79,365
At 31 January 2022 76,080 1,292 5,815 83,187

On transition to FRS 102 the company elected to use a previous revaluation of its freehold property in 2011 as its deemed cost at the revaluation date. This property has been depreciated from the valuation date and an amount equivalent to the depreciation on the increase in value over cost is transferred from the revaluation reserve to retained earnings each year.

Ellesmere Port Glass & Glazing Co.
Limited (Registered number: 01095294)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 January 2023 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2011 100,000 - - 100,000
Cost - 27,980 10,441 38,421
100,000 27,980 10,441 138,421

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 47,240 47,240
Aggregate depreciation 16,503 15,476

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,327 27,108
Other debtors 2,000 2,000
VAT - 703
33,327 29,811

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank overdraft 15,311 20,247
Trade creditors 7,405 32,910
Taxation and social security (2,766 ) 2,909
Other creditors 6,076 4,808
26,026 60,874

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 4,871 7,110

Ellesmere Port Glass & Glazing Co.
Limited (Registered number: 01095294)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. RESERVES
Revaluation
reserve
£   
At 1 February 2022 40,145
Transfer (1,147 )

At 31 January 2023 38,998