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REGISTERED NUMBER: 00080479 (England and Wales)















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: Mr D P Lister
Mr J J J Llewellyn
Mr C J Riley



SECRETARY: Harrison Blakeley Accountancy Limited



REGISTERED OFFICE: Flagship House, Forge Lane
Dewsbury
West Yorkshire
WF12 9EL



REGISTERED NUMBER: 00080479 (England and Wales)



SENIOR STATUTORY AUDITOR: John Richard Hall FCA



AUDITORS: Walter Dawson & Son
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 4 257,399 211,072

CURRENT ASSETS
Stocks 5 744,263 796,414
Debtors 6 490,921 660,973
Cash at bank and in hand 783,706 331,745
2,018,890 1,789,132
CREDITORS
Amounts falling due within one year 7 361,773 266,952
NET CURRENT ASSETS 1,657,117 1,522,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,914,516

1,733,252

CREDITORS
Amounts falling due after more than one
year

8

(63,588

)

(10,000

)

PROVISIONS FOR LIABILITIES (53,301 ) (39,283 )
NET ASSETS 1,797,627 1,683,969

CAPITAL AND RESERVES
Called up share capital 15,500 15,500
Share premium 1,000 1,000
Capital redemption reserve 1,630 1,630
Retained earnings 1,779,497 1,665,839
1,797,627 1,683,969

STANDARD PATENT GLAZING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00080479)

Balance Sheet - continued
31st July 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 15th December 2023 and were signed on its behalf by:




Mr J J J Llewellyn - Director



Mr C J Riley - Director


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 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 34 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st August 2022 33,974 408,048 210,776 150,300 803,098
Additions - 63,309 - 52,490 115,799
Disposals - (5,000 ) - - (5,000 )
At 31st July 2023 33,974 466,357 210,776 202,790 913,897
DEPRECIATION
At 1st August 2022 29,655 297,078 183,842 81,451 592,026
Charge for year 612 36,131 6,733 24,414 67,890
Eliminated on disposal - (3,418 ) - - (3,418 )
At 31st July 2023 30,267 329,791 190,575 105,865 656,498
NET BOOK VALUE
At 31st July 2023 3,707 136,566 20,201 96,925 257,399
At 31st July 2022 4,319 110,970 26,934 68,849 211,072

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 606,946 643,646
Work-in-progress 137,317 152,768
744,263 796,414

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 320,444 501,512
Other debtors 170,477 159,461
490,921 660,973

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade creditors 105,996 96,958
Taxation and social security 157,657 96,928
Other creditors 98,120 73,066
361,773 266,952

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Other creditors 63,588 10,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

3% Redeemable Participating Preference Shares
(10,000 shares)10,00010,000


6% Cumulative Redeemable Preference Shares53,588-
(42,870 shares)
63,58810,000


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 2,053 344
Between one and five years 2,907 -
4,960 344

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Richard Hall FCA (Senior Statutory Auditor)
for and on behalf of Walter Dawson & Son