Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-07-22Glass fitter1false0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14250666 2022-07-21 14250666 2022-07-22 2023-07-31 14250666 2021-07-22 2022-07-21 14250666 2023-07-31 14250666 c:Director1 2022-07-22 2023-07-31 14250666 d:MotorVehicles 2022-07-22 2023-07-31 14250666 d:MotorVehicles 2023-07-31 14250666 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-22 2023-07-31 14250666 d:FurnitureFittings 2022-07-22 2023-07-31 14250666 d:FurnitureFittings 2023-07-31 14250666 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-22 2023-07-31 14250666 d:OwnedOrFreeholdAssets 2022-07-22 2023-07-31 14250666 d:CurrentFinancialInstruments 2023-07-31 14250666 d:Non-currentFinancialInstruments 2023-07-31 14250666 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14250666 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 14250666 d:ShareCapital 2023-07-31 14250666 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 14250666 c:OrdinaryShareClass1 2022-07-22 2023-07-31 14250666 c:OrdinaryShareClass1 2023-07-31 14250666 c:FRS102 2022-07-22 2023-07-31 14250666 c:AuditExempt-NoAccountantsReport 2022-07-22 2023-07-31 14250666 c:FullAccounts 2022-07-22 2023-07-31 14250666 c:PrivateLimitedCompanyLtd 2022-07-22 2023-07-31 14250666 d:HirePurchaseContracts d:WithinOneYear 2023-07-31 14250666 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-07-31 14250666 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-31 14250666 d:LeasedAssetsHeldAsLessee 2023-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14250666









ETN GLASS AND GUTTERS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2023

 
ETN GLASS AND GUTTERS LTD
REGISTERED NUMBER: 14250666

BALANCE SHEET
AS AT 31 JULY 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
29,813

  
29,813

Current assets
  

Cash at bank and in hand
 5 
11,388

  
11,388

Creditors: amounts falling due within one year
 6 
(13,144)

Net current (liabilities)/assets
  
 
 
(1,756)

Total assets less current liabilities
  
28,057

Creditors: amounts falling due after more than one year
 7 
(28,056)

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
 10 
1

  
1


Page 1

 
ETN GLASS AND GUTTERS LTD
REGISTERED NUMBER: 14250666
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2024.




................................................
Thomas Robinson
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ETN GLASS AND GUTTERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the year was that of window installation services. The Company was incorporated on 22nd July 2022 and commenced trading on 4th August 2022. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ETN GLASS AND GUTTERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

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

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ETN GLASS AND GUTTERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 5

 
ETN GLASS AND GUTTERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


Additions
38,251
1,500
39,751



At 31 July 2023

38,251
1,500
39,751



Depreciation


Charge for the period on owned assets
9,563
375
9,938



At 31 July 2023

9,563
375
9,938



Net book value



At 31 July 2023
28,688
1,125
29,813

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
£


Motor vehicles
28,688

28,688


5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
11,388

11,388


Page 6

 
ETN GLASS AND GUTTERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

6.


Creditors: Amounts falling due within one year

2023
£

Other taxation and social security
199

Obligations under finance lease and hire purchase contracts
4,807

Other creditors
7,502

Accruals and deferred income
636

13,144


Included in creditors is a director’s loan account balance of £7,502 in relation to Thomas Robinson.


7.


Creditors: Amounts falling due after more than one year

2023
£

Net obligations under finance leases and hire purchase contracts
28,056

28,056



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
£


Within one year
4,808

Between 1-5 years
28,056

32,864


9.


Financial instruments

2023
£

Financial assets


Financial assets measured at fair value through profit or loss
11,388




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.

Page 7

 
ETN GLASS AND GUTTERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

10.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


Upon incorporation, 1 Ordinary £1 shares was issued at par.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £59. 


12.


Controlling party

The Company is controlled by the director, Thomas Robinson, by virtue of his shareholding as described in the director's report.

 
Page 8