RL GLAZING LTD

Company Registration Number:
12910912 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

RL GLAZING LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

RL GLAZING LTD

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 68,627 49,686
Total fixed assets: 68,627 49,686
Current assets
Stocks: 90,189 97,593
Debtors: 4 68,584 57,338
Cash at bank and in hand: 57,534 51,924
Total current assets: 216,307 206,855
Creditors: amounts falling due within one year: 5 (72,275) (63,195)
Net current assets (liabilities): 144,032 143,660
Total assets less current liabilities: 212,659 193,346
Creditors: amounts falling due after more than one year: 6 (39,724) (32,184)
Total net assets (liabilities): 172,935 161,162
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 172,933 161,160
Shareholders funds: 172,935 161,162

The notes form part of these financial statements

RL GLAZING LTD

Balance sheet statements

For the year ending 30 September 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 21 November 2023
and signed on behalf of the board by:

Name: R Geddes
Status: Director

The notes form part of these financial statements

RL GLAZING LTD

Notes to the Financial Statements

for the Period Ended 30 September 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

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life :Tools & computer equipment - 25% on costMotor vehicles - 25% on costAssets under finance lease - over the shorter of the term of the lease or its useful life

Other accounting policies

StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.TaxationTaxation 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 taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet dateTiming 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 profitsHire purchase and leasing commitmentsAssets held under hire purchase and finance lease arrangements are capitalized and disclosed under tangible fixed assets at their fair value. The capital element of future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to the profit or loss in the period to which they relate.

RL GLAZING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 7 8

RL GLAZING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible Assets

Total
Cost £
At 01 October 2022 67,404
Additions 35,743
Disposals (1,000)
At 30 September 2023 102,147
Depreciation
At 01 October 2022 17,718
Charge for year 16,300
On disposals (498)
At 30 September 2023 33,520
Net book value
At 30 September 2023 68,627
At 30 September 2022 49,686

RL GLAZING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Debtors

Amounts falling due within one year are made up of Trade Debtors £65,589 (2022 - £55,201) and Prepayments and accrued income £2,995 (2022 £2,137).

RL GLAZING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Creditors: amounts falling due within one year note

Creditors amounts falling due within one year are made up of Trade creditors £4,669 (2022 - £9,239), Social security and other taxes £7,825 (2022 - £8,887), Corporation tax £20,257 (2022 - £11,784), Directors' loans £30,078 (2022 - £23,067), Hire purchase and finance lease arrangements £9,184 (2022 - £6,602 and Other creditors £262 (2022 - £6,602)

RL GLAZING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Creditors: amounts falling due after more than one year note

Creditors amounts falling due after one year are in respect of finance lease agreements. None of the amounts due after one year are due after more than five years