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REGISTERED NUMBER: 03978589 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

SOUTH WEST GLASS (WILTS) LIMITED

SOUTH WEST GLASS (WILTS) LIMITED (REGISTERED NUMBER: 03978589)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

SOUTH WEST GLASS (WILTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: J Newman





REGISTERED OFFICE: Unit 6
Sawmills Industrial Estate
Broughton Gifford
Melksham
Wiltshire
SN12 8PY





REGISTERED NUMBER: 03978589 (England and Wales)





ACCOUNTANTS: PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL

SOUTH WEST GLASS (WILTS) LIMITED (REGISTERED NUMBER: 03978589)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,471 23,693

CURRENT ASSETS
Stocks 105,000 105,000
Debtors 5 66,757 100,727
Cash at bank 10,466 12,629
182,223 218,356
CREDITORS
Amounts falling due within one year 6 189,302 187,119
NET CURRENT (LIABILITIES)/ASSETS (7,079 ) 31,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,392

54,930

CREDITORS
Amounts falling due after more than one
year

7

(21,822

)

(38,818

)

PROVISIONS FOR LIABILITIES (8,415 ) (4,409 )
NET (LIABILITIES)/ASSETS (1,845 ) 11,703

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (11,845 ) 1,703
(1,845 ) 11,703

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 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.

SOUTH WEST GLASS (WILTS) LIMITED (REGISTERED NUMBER: 03978589)

BALANCE SHEET - continued
30 APRIL 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 21 February 2024 and were signed by:





J Newman - Director


SOUTH WEST GLASS (WILTS) LIMITED (REGISTERED NUMBER: 03978589)

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


1. STATUTORY INFORMATION

South West Glass (Wilts) 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 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 - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.


SOUTH WEST GLASS (WILTS) LIMITED (REGISTERED NUMBER: 03978589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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
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 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 95,697 518 3,000 14,675 113,890
Additions 3,938 - 11,500 739 16,177
At 30 April 2023 99,635 518 14,500 15,414 130,067
DEPRECIATION
At 1 May 2022 73,158 518 3,000 13,521 90,197
Charge for year 2,647 - 1,150 602 4,399
At 30 April 2023 75,805 518 4,150 14,123 94,596
NET BOOK VALUE
At 30 April 2023 23,830 - 10,350 1,291 35,471
At 30 April 2022 22,539 - - 1,154 23,693

SOUTH WEST GLASS (WILTS) LIMITED (REGISTERED NUMBER: 03978589)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 64,921 98,883
Other debtors 1,836 1,844
66,757 100,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 12,513 15,638
Trade creditors 53,094 76,708
Tax 2,957 4,553
Social security and other taxes 45,667 35,282
VAT 48,449 53,787
Other creditors 855 934
Directors' current accounts 25,767 217
189,302 187,119

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans - 2-5 years 21,822 31,795
Bank Loan - 7,023
21,822 38,818

8. RELATED PARTY DISCLOSURES

Included within creditors is a director's loan account owed to the director J Newman in the amount of
£25,767 (2022 - £217). The loan is interest free and carries no set repayment date.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Newman.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SOUTH WEST GLASS (WILTS) LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of South West Glass (Wilts) Limited for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of South West Glass (Wilts) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of South West Glass (Wilts) Limited and state those matters that we have agreed to state to the director of South West Glass (Wilts) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than South West Glass (Wilts) Limited and its director for our work or for this report.

It is your duty to ensure that South West Glass (Wilts) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of South West Glass (Wilts) Limited. You consider that South West Glass (Wilts) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of South West Glass (Wilts) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL


21 February 2024