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REGISTERED NUMBER: 09789146 (England and Wales)
















Unaudited financial statements

for the year ended 30th September 2023

For

NORTH CORNWALL GLAZING LTD

NORTH CORNWALL GLAZING LTD (REGISTERED NUMBER: 09789146)






Contents of the financial statements
for the year ended 30th September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTH CORNWALL GLAZING LTD

Company information
for the year ended 30th September 2023







DIRECTOR: J M Baldock





REGISTERED OFFICE: No 7 Sportsmans
Camelford
Cornwall
PL32 9QT





BUSINESS ADDRESS: Highfield Industrial Estate
Camelford
Cornwall
PL32 9RA





REGISTERED NUMBER: 09789146 (England and Wales)





ACCOUNTANTS: Barkers
No 7 Sportsmans
Camelford
Cornwall
PL32 9QT

NORTH CORNWALL GLAZING LTD (REGISTERED NUMBER: 09789146)

Balance sheet
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,937 42,917

CURRENT ASSETS
Stocks 52,500 54,000
Debtors 5 377,496 62,397
Cash at bank and in hand 487,024 692,732
917,020 809,129
CREDITORS
Amounts falling due within one year 6 126,921 128,308
NET CURRENT ASSETS 790,099 680,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

869,036

723,738

CREDITORS
Amounts falling due after more than one year 7 (7,613 ) (13,425 )

PROVISIONS FOR LIABILITIES (19,734 ) (10,729 )
NET ASSETS 841,689 699,584

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 841,589 699,484
841,689 699,584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NORTH CORNWALL GLAZING LTD (REGISTERED NUMBER: 09789146)

Balance sheet - continued
30th September 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 director and authorised for issue on 22nd April 2024 and were signed by:





J M Baldock - Director


NORTH CORNWALL GLAZING LTD (REGISTERED NUMBER: 09789146)

Notes to the financial statements
for the year ended 30th September 2023

1. STATUTORY INFORMATION

North Cornwall Glazing 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 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.

Hire purchase and leasing commitments
Assets obtained under HP or finance leases are capitalised in the Balance Sheet and depreciated over their estimated useful lives. The interest element of these obligations is charged in the Profit and Loss Account over the relevant period. The capital element of future payments is treated as a liability.

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.

NORTH CORNWALL GLAZING LTD (REGISTERED NUMBER: 09789146)

Notes to the financial statements - continued
for the year ended 30th September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2022 113,203
Additions 62,370
At 30th September 2023 175,573
DEPRECIATION
At 1st October 2022 70,286
Charge for year 26,350
At 30th September 2023 96,636
NET BOOK VALUE
At 30th September 2023 78,937
At 30th September 2022 42,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,343 62,107
Amounts owed by associates 336,513 -
Other debtors 640 290
377,496 62,397

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,916 6,916
Trade creditors 46,574 26,644
Taxation and social security 62,237 83,460
Other creditors 11,194 11,288
126,921 128,308

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,613 13,425

NORTH CORNWALL GLAZING LTD (REGISTERED NUMBER: 09789146)

Notes to the financial statements - continued
for the year ended 30th September 2023

8. RELATED PARTY DISCLOSURES

During the year the company made loans to Black and White Dog Holdings Ltd , a company owned by the director , Mr J M Baldock , totalling £336,513. The loans carry no specific terms and are unsecured.