Company Registration No. NI631215 (Northern Ireland)
C&C Glass Limited
Unaudited accounts
for the year ended 31 March 2023
C&C Glass Limited
Unaudited accounts
Contents
C&C Glass Limited
Company Information
for the year ended 31 March 2023
Directors
Cathy Morren
Gavin Morren
Company Number
NI631215 (Northern Ireland)
Registered Office
3 Fallowfield Park
Derry
BT47 2JL
Northern Ireland
Accountants
Satori Accounting
11 Orchard Business Park
Pennyburn Industrial Estate
Derry
Northern Ireland
BT48 0LU
C&C Glass Limited
Statement of financial position
as at 31 March 2023
Tangible assets
5,504
7,998
Cash at bank and in hand
7,431
6,197
Creditors: amounts falling due within one year
(56,003)
(13,945)
Net current (liabilities)/assets
(38,708)
6,422
Total assets less current liabilities
(33,204)
14,420
Creditors: amounts falling due after more than one year
-
(40,851)
Net liabilities
(33,204)
(26,431)
Called up share capital
100
100
Profit and loss account
(33,304)
(26,531)
Shareholders' funds
(33,204)
(26,431)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by
Gavin Morren
Director
Company Registration No. NI631215
C&C Glass Limited
Notes to the Accounts
for the year ended 31 March 2023
C&C Glass Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI631215. The registered office is 3 Fallowfield Park, Derry, BT47 2JL, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
The company has incurred a trading loss for the year and there is an excess of liabilities over assets at 31 March 2021.
The directors continue to support the company and there is no intention to recall the directors' loans in the immediate future.
The directors are confident that the company will see an improvement to turnover and profits as the company targets more profitable commercial jobs.
The financial statements are, therefore, prepared on the going concern basis.
C&C Glass Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
20,499
15,190
1,367
37,056
At 31 March 2023
20,782
14,792
1,367
36,941
At 1 April 2022
20,508
7,733
817
29,058
Charge for the year
345
1,964
70
2,379
At 31 March 2023
20,853
9,697
887
31,437
At 31 March 2023
(71)
5,095
480
5,504
At 31 March 2022
(9)
7,457
550
7,998
Amounts falling due within one year
Accrued income and prepayments
1,760
1,760
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
19,861
-
Trade creditors
17,789
12,352
Loans from directors
16,409
-
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
-
16,657
8
Transactions with related parties
During the year, the company paid for personal items on behalf of the director totalling £683.
The amount owed to the directors at the balance sheet date was £16,657. This is disclosed at note 7.
C&C Glass Limited
Notes to the Accounts
for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).