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REGISTERED NUMBER: 05069469 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 30 April 2023

for

Hereford Glass Limited

Hereford Glass Limited (Registered number: 05069469)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Hereford Glass Limited

Company Information
for the year ended 30 April 2023







Directors: S Hobbs
Ms A E Makin





Secretary: D Hotchkiss





Registered office: 128 Widemarsh Street
Hereford
Herefordshire
HR4 9HN





Registered number: 05069469 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Hereford Glass Limited (Registered number: 05069469)

Abridged Balance Sheet
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 93,276 97,262

CURRENT ASSETS
Stocks 5,125 4,100
Debtors 6,944 5,897
Cash at bank 63,643 40,647
75,712 50,644
CREDITORS
Amounts falling due within one year (47,648 ) (14,522 )
NET CURRENT ASSETS 28,064 36,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,340

133,384

PROVISIONS FOR LIABILITIES (15,398 ) (18,068 )
NET ASSETS 105,942 115,316

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 105,842 115,216
SHAREHOLDERS' FUNDS 105,942 115,316

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

Hereford Glass Limited (Registered number: 05069469)

Abridged Balance Sheet - continued
30 April 2023



The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





S Hobbs - Director


Hereford Glass Limited (Registered number: 05069469)

Notes to the Financial Statements
for the year ended 30 April 2023


1. STATUTORY INFORMATION

Hereford Glass Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and machinery - 20% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Hereford Glass Limited (Registered number: 05069469)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


3. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 May 2022 181,630
Additions 13,356
Disposals (1,209 )
At 30 April 2023 193,777
Depreciation
At 1 May 2022 84,368
Charge for year 16,133
At 30 April 2023 100,501
Net book value
At 30 April 2023 93,276
At 30 April 2022 97,262

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100