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REGISTERED NUMBER: 08937192 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 MARCH 2022 TO 28 MARCH 2023

FOR

ADVANCE GLASS DOORS & WINDOWS LTD

ADVANCE GLASS DOORS & WINDOWS LTD (REGISTERED NUMBER: 08937192)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MARCH 2022 TO 28 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADVANCE GLASS DOORS & WINDOWS LTD

COMPANY INFORMATION
FOR THE PERIOD 31 MARCH 2022 TO 28 MARCH 2023







DIRECTORS: C D Tong
Mrs S A Tong





SECRETARY: Mrs S A Tong





REGISTERED OFFICE: 65 Bedford Road
Reading
Berkshire
RG1 7EX





REGISTERED NUMBER: 08937192 (England and Wales)





ACCOUNTANTS: Holloway Cook Limited
Epping House
55 Russell Street
Reading
Berkshire
RG1 7XG

ADVANCE GLASS DOORS & WINDOWS LTD (REGISTERED NUMBER: 08937192)

BALANCE SHEET
28 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,613 2,691
Tangible assets 5 48,198 36,568
49,811 39,259

CURRENT ASSETS
Stocks 21,600 21,600
Debtors 6 151,788 166,413
Cash at bank and in hand 91,549 19,519
264,937 207,532
CREDITORS
Amounts falling due within one year 7 190,089 179,891
NET CURRENT ASSETS 74,848 27,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,659

66,900

CREDITORS
Amounts falling due after more than one
year

8

(23,333

)

(33,333

)

PROVISIONS FOR LIABILITIES (9,158 ) (6,948 )
NET ASSETS 92,168 26,619

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 92,068 26,519
92,168 26,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 March 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.

ADVANCE GLASS DOORS & WINDOWS LTD (REGISTERED NUMBER: 08937192)

BALANCE SHEET - continued
28 MARCH 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 8 March 2024 and were signed on its behalf by:





C D Tong - Director


ADVANCE GLASS DOORS & WINDOWS LTD (REGISTERED NUMBER: 08937192)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MARCH 2022 TO 28 MARCH 2023

1. STATUTORY INFORMATION

Advance Glass Doors & Windows Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten 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 etc - 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 period 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 period 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.

ADVANCE GLASS DOORS & WINDOWS LTD (REGISTERED NUMBER: 08937192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MARCH 2022 TO 28 MARCH 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2022
and 28 March 2023 10,775
AMORTISATION
At 31 March 2022 8,084
Charge for period 1,078
At 28 March 2023 9,162
NET BOOK VALUE
At 28 March 2023 1,613
At 30 March 2022 2,691

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 March 2022 88,282
Additions 28,397
Disposals (6,000 )
At 28 March 2023 110,679
DEPRECIATION
At 31 March 2022 51,714
Charge for period 16,066
Eliminated on disposal (5,299 )
At 28 March 2023 62,481
NET BOOK VALUE
At 28 March 2023 48,198
At 30 March 2022 36,568

ADVANCE GLASS DOORS & WINDOWS LTD (REGISTERED NUMBER: 08937192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MARCH 2022 TO 28 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 141,710 158,906
Other debtors 10,078 7,507
151,788 166,413

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 18,624
Trade creditors 119,220 134,952
Taxation and social security 21,528 (19,598 )
Other creditors 39,341 45,913
190,089 179,891

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,333 33,333