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REGISTERED NUMBER: 04287737 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

AUTOGLAZE LIMITED

AUTOGLAZE LIMITED (REGISTERED NUMBER: 04287737)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUTOGLAZE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: J Aldridge
M J Aldridge
C D Aldridge
D C A Graham





SECRETARY: M J Aldridge





REGISTERED OFFICE: 94 Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7RE





REGISTERED NUMBER: 04287737 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

AUTOGLAZE LIMITED (REGISTERED NUMBER: 04287737)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,350 10,300
Tangible assets 5 157,514 168,095
161,864 178,395

CURRENT ASSETS
Stocks 20,965 27,310
Debtors 6 332,544 235,675
Cash at bank and in hand 670,670 481,981
1,024,179 744,966
CREDITORS
Amounts falling due within one year 7 564,984 321,600
NET CURRENT ASSETS 459,195 423,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

621,059

601,761

CREDITORS
Amounts falling due after more than one
year

8

(29,965

)

(55,914

)

PROVISIONS FOR LIABILITIES (37,427 ) (30,407 )
NET ASSETS 553,667 515,440

AUTOGLAZE LIMITED (REGISTERED NUMBER: 04287737)

BALANCE SHEET - continued
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 238 238
Retained earnings 553,429 515,202
SHAREHOLDERS' FUNDS 553,667 515,440

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

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2024 and were signed on its behalf by:





J Aldridge - Director


AUTOGLAZE LIMITED (REGISTERED NUMBER: 04287737)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Autoglaze 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. 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 represents the value of goods sold and work done during the year, excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Other equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


AUTOGLAZE LIMITED (REGISTERED NUMBER: 04287737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 17 (2022 - 22 ) .

AUTOGLAZE LIMITED (REGISTERED NUMBER: 04287737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 119,000
AMORTISATION
At 1 October 2022 108,700
Charge for year 5,950
At 30 September 2023 114,650
NET BOOK VALUE
At 30 September 2023 4,350
At 30 September 2022 10,300

5. TANGIBLE FIXED ASSETS
Improvements
to Other Motor Office
property equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 8,286 73,506 262,454 30,615 374,861
Additions - 7,500 31,531 637 39,668
At 30 September 2023 8,286 81,006 293,985 31,252 414,529
DEPRECIATION
At 1 October 2022 829 52,448 129,431 24,058 206,766
Charge for year 830 7,140 40,481 1,798 50,249
At 30 September 2023 1,659 59,588 169,912 25,856 257,015
NET BOOK VALUE
At 30 September 2023 6,627 21,418 124,073 5,396 157,514
At 30 September 2022 7,457 21,058 133,023 6,557 168,095

AUTOGLAZE LIMITED (REGISTERED NUMBER: 04287737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 94,252
Additions 31,531
At 30 September 2023 125,783
DEPRECIATION
At 1 October 2022 23,494
Charge for year 24,915
At 30 September 2023 48,409
NET BOOK VALUE
At 30 September 2023 77,374
At 30 September 2022 70,758

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 325,590 228,088
Other debtors 6,954 7,587
332,544 235,675

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 26,587 18,414
Trade creditors 134,861 96,193
Taxation and social security 210,364 188,941
Other creditors 183,172 8,052
564,984 321,600

AUTOGLAZE LIMITED (REGISTERED NUMBER: 04287737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 17,500 27,500
Hire purchase contracts 12,465 28,414
29,965 55,914

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company had received loans from the directors of £141,633 (2022 - £1,633) which are included in creditors falling due within one year. This balance is interest free and repayable on demand.

The company rents premises from two of the directors at a rent of £36,000 (2022 - £36,000) per annum which is considered to be a market rent.

The company sublets part of the premises to a company under common control at £21,600 (2022 - £21,600) per annum. This amount includes business rates and utilities.