RSD GLASS WORKS LIMITED

Company Registration Number:
SC282519 (Scotland)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

RSD GLASS WORKS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

RSD GLASS WORKS LIMITED

Balance sheet

As at 30 April 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 179,414 181,985
Total fixed assets: 179,414 181,985
Current assets
Stocks: 705 522
Debtors:   182,581 196,215
Cash at bank and in hand: 153,886 89,633
Total current assets: 337,172 286,370
Creditors: amounts falling due within one year:   (210,379) (193,102)
Net current assets (liabilities): 126,793 93,268
Total assets less current liabilities: 306,207 275,253
Creditors: amounts falling due after more than one year:   (80,015) (101,426)
Total net assets (liabilities): 226,192 173,827
Capital and reserves
Called up share capital: 6 6
Profit and loss account: 226,186 173,821
Shareholders funds: 226,192 173,827

The notes form part of these financial statements

RSD GLASS WORKS LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 October 2023
and signed on behalf of the board by:

Name: Robert Hamilton
Status: Director

The notes form part of these financial statements

RSD GLASS WORKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

TurnoverTurnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer (usually on despatch of the goods); the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assetsTangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulateddepreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluationless any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in othercomprehensive income and accumulated in capital and reserves, except to the extent it reverses arevaluation decrease of the same asset previously recognised in profit or loss. A decrease in thecarrying amount of an asset as a result of revaluation is recognised in other comprehensive income tothe extent of any previously recognised revaluation increase accumulated in capital and reserves inrespect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gainsaccumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit orloss.DepreciationDepreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Plant and machinery - 15% reducing balanceFittings fixtures and equipment - 15% straight line Motor vehicles - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

RSD GLASS WORKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 8 8

RSD GLASS WORKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 230,129
Additions 3,022
At 30 April 2023 233,151
Depreciation
At 01 May 2022 48,144
Charge for year 5,593
At 30 April 2023 53,737
Net book value
At 30 April 2023 179,414
At 30 April 2022 181,985