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REGISTERED NUMBER: 06831096




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 FEBRUARY 2023

FOR

FRAMELESS GLASS CURTAINS LIMITED

FRAMELESS GLASS CURTAINS LIMITED (REGISTERED NUMBER: 06831096)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 27 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRAMELESS GLASS CURTAINS LIMITED

COMPANY INFORMATION
for the Year Ended 27 February 2023







DIRECTORS: P Beresford
G Beresford





SECRETARY: Mrs R Bloor





REGISTERED OFFICE: Unit 6 Ballard Business Park
Cuxton Road
Strood
Kent
ME2 2NY





REGISTERED NUMBER: 06831096





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

FRAMELESS GLASS CURTAINS LIMITED (REGISTERED NUMBER: 06831096)

BALANCE SHEET
27 February 2023

27.2.23 27.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 185,981 168,665
185,981 168,665

CURRENT ASSETS
Stocks 335,000 200,000
Debtors 6 633,333 768,903
Cash at bank and in hand 334,477 553,635
1,302,810 1,522,538
CREDITORS
Amounts falling due within one year 7 517,702 542,061
NET CURRENT ASSETS 785,108 980,477
TOTAL ASSETS LESS CURRENT LIABILITIES 971,089 1,149,142

CREDITORS
Amounts falling due after more than one
year

8

30,369

25,667
NET ASSETS 940,720 1,123,475

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 940,716 1,123,471
SHAREHOLDERS' FUNDS 940,720 1,123,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

FRAMELESS GLASS CURTAINS LIMITED (REGISTERED NUMBER: 06831096)

BALANCE SHEET - continued
27 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





P Beresford - Director


FRAMELESS GLASS CURTAINS LIMITED (REGISTERED NUMBER: 06831096)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 27 February 2023


1. STATUTORY INFORMATION

Frameless Glass Curtains Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Intangible assets
Intangible assets are initially recognized at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Amortisation is provided on the following bases:


Patents - 20% Straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


FRAMELESS GLASS CURTAINS LIMITED (REGISTERED NUMBER: 06831096)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 27 February 2023


2. ACCOUNTING POLICIES - continued
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.

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 14 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 28 February 2022
and 27 February 2023 48,925
AMORTISATION
At 28 February 2022
and 27 February 2023 48,925
NET BOOK VALUE
At 27 February 2023 -
At 27 February 2022 -

FRAMELESS GLASS CURTAINS LIMITED (REGISTERED NUMBER: 06831096)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 27 February 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 28 February 2022 128,055 12,134 311,707 10,952 462,848
Additions - - 92,190 - 92,190
Disposals - - (45,101 ) - (45,101 )
At 27 February 2023 128,055 12,134 358,796 10,952 509,937
DEPRECIATION
At 28 February 2022 120,499 10,376 154,849 8,459 294,183
Charge for year 2,208 780 70,673 1,213 74,874
Eliminated on disposal - - (45,101 ) - (45,101 )
At 27 February 2023 122,707 11,156 180,421 9,672 323,956
NET BOOK VALUE
At 27 February 2023 5,348 978 178,375 1,280 185,981
At 27 February 2022 7,556 1,758 156,858 2,493 168,665

6. DEBTORS
27.2.23 27.2.22
£    £   
Amounts falling due within one year:
Trade debtors 410,841 512,521
Other debtors 57,416 206,382
468,257 718,903

Amounts falling due after more than one year:
Amounts owed by group undertakings 165,076 50,000

Aggregate amounts 633,333 768,903

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.23 27.2.22
£    £   
Bank loans and overdrafts 33,673 52,901
Hire purchase contracts 34,600 17,230
Trade creditors 187,704 282,535
Taxation and social security 238,809 166,104
Other creditors 22,916 23,291
517,702 542,061

FRAMELESS GLASS CURTAINS LIMITED (REGISTERED NUMBER: 06831096)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 27 February 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
27.2.23 27.2.22
£    £   
Hire purchase contracts 30,369 25,667