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REGISTERED NUMBER: 08880648 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Middleton Glass Gwynedd Limited

Middleton Glass Gwynedd Limited (Registered number: 08880648)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Middleton Glass Gwynedd Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mrs J F Parton
C A Parton





SECRETARY:





REGISTERED OFFICE: Unit 1 Gwalia Industrial Estate
Gwalia Road
Tywyn
Gwynedd
LL36 9DH





REGISTERED NUMBER: 08880648 (England and Wales)





ACCOUNTANTS: Corfield Accountancy Limited
Chartered Accountants
Myrick House
Hendomen
Montgomery
Powys
SY15 6EZ

Middleton Glass Gwynedd Limited (Registered number: 08880648)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 10,000
Tangible assets 5 21,524 10,949
26,524 20,949

CURRENT ASSETS
Stocks 11,046 11,519
Debtors 6 16,630 26,018
Cash at bank 29,391 56,533
57,067 94,070
CREDITORS
Amounts falling due within one year 7 71,673 80,021
NET CURRENT (LIABILITIES)/ASSETS (14,606 ) 14,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,918

34,998

CREDITORS
Amounts falling due after more than one
year

8

10,059

14,392
NET ASSETS 1,859 20,606

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,759 20,506
1,859 20,606

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 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.

Middleton Glass Gwynedd Limited (Registered number: 08880648)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:




C A Parton - Director



Mrs J F Parton - Director


Middleton Glass Gwynedd Limited (Registered number: 08880648)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Middleton Glass Gwynedd Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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 etc - 25% on cost and 10% on cost

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

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.

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.

Middleton Glass Gwynedd Limited (Registered number: 08880648)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

Pension benefits
The company operates a defined contribution pension scheme. Contributions payable to the scheme are charged to the profit & loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 50,000
AMORTISATION
At 1 May 2022 40,000
Charge for year 5,000
At 30 April 2023 45,000
NET BOOK VALUE
At 30 April 2023 5,000
At 30 April 2022 10,000

Middleton Glass Gwynedd Limited (Registered number: 08880648)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 15,576
Additions 14,062
At 30 April 2023 29,638
DEPRECIATION
At 1 May 2022 4,627
Charge for year 3,487
At 30 April 2023 8,114
NET BOOK VALUE
At 30 April 2023 21,524
At 30 April 2022 10,949

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 10,285 24,243
Other debtors 6,345 1,775
16,630 26,018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 4,392 4,488
Trade creditors 35,654 26,993
Taxation and social security 5,544 14,448
Other creditors 26,083 34,092
71,673 80,021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 10,059 14,392

Middleton Glass Gwynedd Limited (Registered number: 08880648)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
C A Parton
Balance outstanding at start of year - -
Amounts advanced 5,591 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,591 -

The overdrawn balance was repaid in full within 9 months of the year end.