6 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 5,762 2,406 8,168 xbrli:pure xbrli:shares iso4217:GBP 01079424 2022-04-01 2023-03-31 01079424 2023-03-31 01079424 2022-03-31 01079424 2021-04-01 2022-03-31 01079424 2022-03-31 01079424 core:PlantMachinery 2022-04-01 2023-03-31 01079424 core:FurnitureFittings 2022-04-01 2023-03-31 01079424 core:MotorVehicles 2022-04-01 2023-03-31 01079424 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 01079424 bus:Director2 2022-04-01 2023-03-31 01079424 core:WithinOneYear 2023-03-31 01079424 core:WithinOneYear 2022-03-31 01079424 core:PlantMachinery 2022-03-31 01079424 core:FurnitureFittings 2022-03-31 01079424 core:MotorVehicles 2022-03-31 01079424 core:PlantMachinery 2023-03-31 01079424 core:FurnitureFittings 2023-03-31 01079424 core:MotorVehicles 2023-03-31 01079424 core:DeferredTaxation 2022-04-01 2023-03-31 01079424 core:ShareCapital 2023-03-31 01079424 core:ShareCapital 2022-03-31 01079424 core:CapitalRedemptionReserve 2023-03-31 01079424 core:CapitalRedemptionReserve 2022-03-31 01079424 core:RetainedEarningsAccumulatedLosses 2023-03-31 01079424 core:RetainedEarningsAccumulatedLosses 2022-03-31 01079424 core:AcceleratedTaxDepreciationDeferredTax 2023-03-31 01079424 core:AcceleratedTaxDepreciationDeferredTax 2022-03-31 01079424 core:PlantMachinery 2022-03-31 01079424 core:FurnitureFittings 2022-03-31 01079424 core:MotorVehicles 2022-03-31 01079424 core:DeferredTaxation 2022-03-31 01079424 core:DeferredTaxation 2023-03-31 01079424 bus:SmallEntities 2022-04-01 2023-03-31 01079424 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01079424 bus:FullAccounts 2022-04-01 2023-03-31 01079424 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01079424 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01079424 bus:OrdinaryShareClass1 2023-03-31 01079424 bus:OrdinaryShareClass1 2022-03-31 01079424 core:OfficeEquipment 2022-04-01 2023-03-31 01079424 core:OfficeEquipment 2022-03-31 01079424 core:OfficeEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 01079424
HUDDERSFIELD PLATE GLASS CO. LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
HUDDERSFIELD PLATE GLASS CO. LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Contents
Pages
Balance sheet 1 to 2
Notes to the financial statements 3 to 6
HUDDERSFIELD PLATE GLASS CO. LIMITED
BALANCE SHEET
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
35,217
30,509
Current assets
Stocks
6
35,442
17,900
Debtors
7
44,784
31,313
Cash at bank and in hand
74,405
77,233
------------
------------
154,631
126,446
Creditors: amounts falling due within one year
8
( 41,911)
( 35,404)
------------
------------
Net current assets
112,720
91,042
------------
------------
Total assets less current liabilities
147,937
121,551
Provisions
Taxation including deferred tax
9
( 8,168)
( 5,762)
------------
------------
Net assets
139,769
115,789
------------
------------
Capital and reserves
Called up share capital
11
479
479
Capital redemption reserve
1,916
1,916
Profit and loss account
137,374
113,394
------------
------------
Shareholders funds
139,769
115,789
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HUDDERSFIELD PLATE GLASS CO. LIMITED
BALANCE SHEET (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 17 November 2023 , and are signed on behalf of the board by:
M R Askham
Director
Company registration number: 01079424
HUDDERSFIELD PLATE GLASS CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales, company number 01079424 . The address of the registered office is 43 Spring Street, Huddersfield, West Yorkshire, HD1 4BA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Workshop fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Office furniture and fittings
-
15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2022: 6 ).
5. Tangible assets
Plant and machinery
Workshop fixtures and fittings
Motor vehicles
Office furniture and fittings
Total
£
£
£
£
£
Cost
At 1 April 2022
64,884
7,746
12,440
9,089
94,159
Additions
8,832
2,350
11,182
------------
------------
------------
------------
------------
At 31 March 2023
73,716
10,096
12,440
9,089
105,341
------------
------------
------------
------------
------------
Depreciation
At 1 April 2022
37,513
7,344
10,226
8,567
63,650
Charge for the year
5,430
413
553
78
6,474
------------
------------
------------
------------
------------
At 31 March 2023
42,943
7,757
10,779
8,645
70,124
------------
------------
------------
------------
------------
Carrying amount
At 31 March 2023
30,773
2,339
1,661
444
35,217
------------
------------
------------
------------
------------
At 31 March 2022
27,371
402
2,214
522
30,509
------------
------------
------------
------------
------------
6. Stocks
2023
2022
£
£
Raw materials and consumables
35,442
17,900
------------
------------
7. Debtors
2023
2022
£
£
Trade debtors
42,577
29,371
Prepayments and accrued income
2,207
1,942
------------
------------
44,784
31,313
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
18,400
14,447
Accruals and deferred income
2,732
2,785
Corporation tax
11,396
6,797
Social security and other taxes
8,914
10,943
Other creditors
469
432
------------
------------
41,911
35,404
------------
------------
9. Provisions
Deferred tax (note 10)
£
At 1 April 2022
5,762
Additions
2,406
------------
At 31 March 2023
8,168
------------
10. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions (note 9)
8,168
5,762
------------
------------
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Accelerated capital allowances
8,168
5,762
------------
------------
11. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
479
479
479
479
------------
------------
------------
------------
12. Financial commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £15,000 (2022: £35,000).
13. Controlling party
The company is controlled by M R Askham .