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REGISTERED NUMBER: 06492890 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

P.T.F. Glass Limited

P.T.F. Glass Limited (Registered number: 06492890)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


P.T.F. Glass Limited (Registered number: 06492890)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,543 48,803
40,543 48,803

CURRENT ASSETS
Stocks 6 4,500 4,150
Debtors 7 182,800 209,472
Cash at bank 62,923 73,383
250,223 287,005
CREDITORS
Amounts falling due within one year 8 118,641 126,991
NET CURRENT ASSETS 131,582 160,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,125

208,817

CREDITORS
Amounts falling due after more than one
year

9

(8,333

)

(12,333

)

PROVISIONS FOR LIABILITIES (7,703 ) (9,273 )
NET ASSETS 156,089 187,211

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 155,989 187,111
SHAREHOLDERS' FUNDS 156,089 187,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

P.T.F. Glass Limited (Registered number: 06492890)

Balance Sheet - continued
31 January 2024


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 9 February 2024 and were signed on its behalf by:





P T French - Director


P.T.F. Glass Limited (Registered number: 06492890)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

P.T.F. Glass 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: 06492890

Registered office: Unit 12
West Leeds Industrial Park
541 Stanningley Road
Leeds
West Yorkshire
LS13 4EN

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 sales of services excluding value added tax. Revenue is recognised at the point at which the invoice for services is issued.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Stocks
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs. The amount of any reversal of any write down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.


P.T.F. Glass Limited (Registered number: 06492890)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 40,000
AMORTISATION
At 1 February 2023
and 31 January 2024 40,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

P.T.F. Glass Limited (Registered number: 06492890)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 58,753 2,863 24,114 85,730
DEPRECIATION
At 1 February 2023 19,828 2,421 14,678 36,927
Charge for year 5,836 64 2,360 8,260
At 31 January 2024 25,664 2,485 17,038 45,187
NET BOOK VALUE
At 31 January 2024 33,089 378 7,076 40,543
At 31 January 2023 38,925 442 9,436 48,803

6. STOCKS
31.1.24 31.1.23
£    £   
Stocks 4,500 4,150

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 166,637 202,125
Tax 14,895 -
Prepayments 1,268 7,347
182,800 209,472

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 62,869 58,420
Tax 15,555 31,791
Social security and other taxes - 7,507
VAT 30,614 20,349
Directors' current accounts 788 1,695
Accrued expenses 4,815 3,229
118,641 126,991

P.T.F. Glass Limited (Registered number: 06492890)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 4,000 4,000
Bank loans - 2-5 years 4,333 8,333
8,333 12,333

10. RELATED PARTY DISCLOSURES

Amount due to related party as at 31st January 2024 was £788 (2023 - £1,695)