REGISTERED NUMBER: |
Financial Statements for the Year Ended 31st July 2023 |
for |
STANDARD PATENT GLAZING COMPANY |
LIMITED(THE) |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31st July 2023 |
for |
STANDARD PATENT GLAZING COMPANY |
LIMITED(THE) |
STANDARD PATENT GLAZING COMPANY |
LIMITED(THE) (REGISTERED NUMBER: 00080479) |
Contents of the Financial Statements |
for the Year Ended 31st July 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
STANDARD PATENT GLAZING COMPANY |
LIMITED(THE) |
Company Information |
for the Year Ended 31st July 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
1st Floor, Unit 12 |
Pennine Business Park |
Longbow Close, Bradley |
Huddersfield |
HD2 1GQ |
STANDARD PATENT GLAZING COMPANY |
LIMITED(THE) (REGISTERED NUMBER: 00080479) |
Balance Sheet |
31st July 2023 |
31/7/23 | 31/7/22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Capital redemption reserve |
Retained earnings |
STANDARD PATENT GLAZING COMPANY |
LIMITED(THE) (REGISTERED NUMBER: 00080479) |
Balance Sheet - continued |
31st July 2023 |
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 |
STANDARD PATENT GLAZING COMPANY |
LIMITED(THE) (REGISTERED NUMBER: 00080479) |
Notes to the Financial Statements |
for the Year Ended 31st July 2023 |
1. | STATUTORY INFORMATION |
Standard Patent Glazing Company Limited(the) is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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. |
STANDARD PATENT GLAZING COMPANY |
LIMITED(THE) (REGISTERED NUMBER: 00080479) |
Notes to the Financial Statements - continued |
for the Year Ended 31st July 2023 |
2. | ACCOUNTING POLICIES - continued |
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. |
Income recognition |
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them. |
Hire purchase and leasing commitments |
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the lease period on a straight line basis. |
Government grants |
Grants receivable in relation to profit and loss expenditure are credited to the profit and loss for the year for which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and | Motor |
property | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st August 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 31st July 2023 |
DEPRECIATION |
At 1st August 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31st July 2023 |
NET BOOK VALUE |
At 31st July 2023 |
At 31st July 2022 |
STANDARD PATENT GLAZING COMPANY |
LIMITED(THE) (REGISTERED NUMBER: 00080479) |
Notes to the Financial Statements - continued |
for the Year Ended 31st July 2023 |
5. | STOCKS |
31/7/23 | 31/7/22 |
£ | £ |
Stocks |
Work-in-progress |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/7/23 | 31/7/22 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/7/23 | 31/7/22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/7/23 | 31/7/22 |
£ | £ |
Other creditors |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
3% Redeemable Participating Preference Shares |
(10,000 shares) | 10,000 | 10,000 |
6% Cumulative Redeemable Preference Shares | 53,588 | - |
(42,870 shares) |
63,588 | 10,000 |
STANDARD PATENT GLAZING COMPANY |
LIMITED(THE) (REGISTERED NUMBER: 00080479) |
Notes to the Financial Statements - continued |
for the Year Ended 31st July 2023 |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31/7/23 | 31/7/22 |
£ | £ |
Within one year |
Between one and five years |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |