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REGISTERED NUMBER: 08015155 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

EGLAS LIMITED

EGLAS LIMITED (REGISTERED NUMBER: 08015155)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


EGLAS LIMITED (REGISTERED NUMBER: 08015155)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,164 55,543

CURRENT ASSETS
Debtors 5 71,264 65,384
Cash at bank 7 82
71,271 65,466
CREDITORS
Amounts falling due within one year 6 55,214 52,409
NET CURRENT ASSETS 16,057 13,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,221

68,600

CREDITORS
Amounts falling due after more than one
year

7

(36,751

)

(39,773

)

PROVISIONS FOR LIABILITIES (12,489 ) (10,553 )
NET ASSETS 35,981 18,274

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 34,981 17,274
35,981 18,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

EGLAS LIMITED (REGISTERED NUMBER: 08015155)

BALANCE SHEET - continued
30 APRIL 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 has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





Mr R D Evans - Director


EGLAS LIMITED (REGISTERED NUMBER: 08015155)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Eglas 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: 08015155

Registered office: Penrhos Farm
Brynsiencyn
Llanfairpwllgwyngyll
Gwynedd
LL61 6TX

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.

Turnover
Turnover represents net invoiced work done and uninvoiced amounts due on contracts by reference to the stage of completion, excluding value added tax.

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 cost, 20% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

EGLAS LIMITED (REGISTERED NUMBER: 08015155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

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 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 79,801
Additions 27,085
Disposals (641 )
At 30 April 2023 106,245
DEPRECIATION
At 1 May 2022 24,258
Charge for year 13,129
Eliminated on disposal (306 )
At 30 April 2023 37,081
NET BOOK VALUE
At 30 April 2023 69,164
At 30 April 2022 55,543

EGLAS LIMITED (REGISTERED NUMBER: 08015155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 May 2022 50,535
Additions 15,402
At 30 April 2023 65,937
DEPRECIATION
At 1 May 2022 10,940
Charge for year 8,249
At 30 April 2023 19,189
NET BOOK VALUE
At 30 April 2023 46,748
At 30 April 2022 39,595

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 51,204 23,308
Amounts recoverable on contract 19,173 39,682
Other debtors 887 2,394
71,264 65,384

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,914 1,310
Hire purchase contracts 10,906 7,944
Trade creditors 7,859 7,137
Taxation and social security 11,899 12,851
Other creditors 22,636 23,167
55,214 52,409

EGLAS LIMITED (REGISTERED NUMBER: 08015155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 28,113 27,145
Other creditors 8,638 12,628
36,751 39,773