Company Registration No. 13178688 (England and Wales)
GLASS ARCH STUDIO LTD
Unaudited accounts
for the year ended 28 February 2023
GLASS ARCH STUDIO LTD
Unaudited accounts
Contents
GLASS ARCH STUDIO LTD
Company Information
for the year ended 28 February 2023
Director
Miss Charlotte Godfrey
Company Number
13178688 (England and Wales)
Registered Office
2 PARROCK ROAD
GRAVESEND
DA12 1PZ
ENGLAND
Accountants
MCC Partners
Springhead Enterprise Park
Fleet House, Springhead Road
Ebbsfleet
Kent
DA11 8HJ
GLASS ARCH STUDIO LTD
Statement of financial position
as at 28 February 2023
Tangible assets
26,979
13,799
Cash at bank and in hand
46,833
47,491
Creditors: amounts falling due within one year
(17,422)
(28,687)
Net current assets
57,914
26,905
Profit and loss account
84,893
40,704
Shareholders' funds
84,893
40,704
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 16 October 2023 and were signed on its behalf by
Miss Charlotte Godfrey
Director
Company Registration No. 13178688
GLASS ARCH STUDIO LTD
Notes to the Accounts
for the year ended 28 February 2023
GLASS ARCH STUDIO LTD is a private company, limited by shares, registered in England and Wales, registration number 13178688. The registered office is 2 PARROCK ROAD, GRAVESEND, DA12 1PZ, ENGLAND.
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.
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:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2022
-
8,325
-
10,055
18,380
Additions
23,093
-
441
-
23,534
At 28 February 2023
23,093
8,325
441
10,055
41,914
At 1 March 2022
-
2,081
-
2,500
4,581
Charge for the year
5,773
2,081
-
2,500
10,354
At 28 February 2023
5,773
4,162
-
5,000
14,935
At 28 February 2023
17,320
4,163
441
5,055
26,979
At 28 February 2022
-
6,244
-
7,555
13,799
Amounts falling due within one year
Trade debtors
28,503
8,101
GLASS ARCH STUDIO LTD
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
7,729
7,687
Loans from directors
3,724
15,341
7
Average number of employees
During the year the average number of employees was 2 (2022: 1).