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REGISTERED NUMBER: 01681203 (England and Wales)













A. M. GLAZING (CONTRACTORS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






A. M. GLAZING (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01681203)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


A. M. GLAZING (CONTRACTORS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J W A Rowe
A C Garner





SECRETARY: J W A Rowe





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 01681203 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

A. M. GLAZING (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01681203)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,055 64,346

CURRENT ASSETS
Stocks 15,592 16,207
Debtors 5 58,008 80,466
Cash at bank and in hand 27,469 42,825
101,069 139,498
CREDITORS
Amounts falling due within one year 6 112,827 113,333
NET CURRENT (LIABILITIES)/ASSETS (11,758 ) 26,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,297

90,511

CREDITORS
Amounts falling due after more than one
year

7

(27,039

)

(40,181

)

PROVISIONS FOR LIABILITIES (10,270 ) (12,226 )
NET ASSETS 4,988 38,104

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,988 37,104
SHAREHOLDERS' FUNDS 4,988 38,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

A. M. GLAZING (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01681203)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:




A C Garner - Director



J W A Rowe - Director


A. M. GLAZING (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01681203)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

A. M. Glazing (Contractors) Limited 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.

The accounts have been prepared on the basis that the company is a going concern. The going concern basis has been reviewed by the directors. The directors, having considered the nature of the liabilities, believe that the company is a going concern and it will be able to pay the liabilities identified in the balance sheet as and when they fall due for payment.

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.
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost and 15% on cost
Motor vehicles - 10% on cost

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 Statement of Income and Retained Earnings, 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.

A. M. GLAZING (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01681203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives.

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

Pensions
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 19,437 31,275 3,861 66,470 121,043
DEPRECIATION
At 1 April 2022 10,671 24,335 3,861 17,830 56,697
Charge for year 1,944 1,700 - 6,647 10,291
At 31 March 2023 12,615 26,035 3,861 24,477 66,988
NET BOOK VALUE
At 31 March 2023 6,822 5,240 - 41,993 54,055
At 31 March 2022 8,766 6,940 - 48,640 64,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,909 61,217
Other debtors - 1,945
Value added tax - 4,638
Prepayments 3,099 12,666
58,008 80,466

A. M. GLAZING (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01681203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,281 10,153
Other loans 3,397 3,397
Finance leases (see note 8) 2,861 2,861
Trade creditors 63,002 66,323
Corporation Tax 51 6,242
Social security and other taxes 3,967 -
Value added tax 5,395 -
Sundry creditors and accruals 23,873 24,357
112,827 113,333

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,411 20,692
Bank loans - 2-5 years 12,336 12,336
Finance leases (see note 8) 4,292 7,153
27,039 40,181

8. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
2023 2022
£    £   
Net obligations repayable:
Within one year 2,861 2,861
Between one and five years 4,292 7,153
7,153 10,014

At the year end the company had total commitments under operating leases expiring after more than 5 years of £105,000 (2022: £135,000).

9. RELATED PARTY DISCLOSURES

TM Garner, a former shareholder, has loaned the company money to aid cash flow. The amount outstanding at the year end was £3,397 (2022 - £3,397). No interest is charged on this loan.

10. ULTIMATE CONTROLLING PARTY

AC Garner controls the company by virtue of their controlling interest in the company's equity share capital.