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REGISTERED NUMBER: 03140022 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 December 2023

for

Howells Patent Glazing Limited

Howells Patent Glazing Limited (Registered number: 03140022)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Howells Patent Glazing Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W Howells
Mrs P A Howells
G J Howells





SECRETARY: Mrs D A Willetts





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 03140022 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Howells Patent Glazing Limited (Registered number: 03140022)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,269 87,489

CURRENT ASSETS
Stocks 361,976 434,680
Debtors 5 189,168 213,078
Cash at bank and in hand 210,439 140,165
761,583 787,923
CREDITORS
Amounts falling due within one year 6 200,051 159,949
NET CURRENT ASSETS 561,532 627,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

657,801

715,463

CREDITORS
Amounts falling due after more than one year 7 - (10,473 )

PROVISIONS FOR LIABILITIES (10,917 ) (9,820 )
NET ASSETS 646,884 695,170

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 646,784 695,070
SHAREHOLDERS' FUNDS 646,884 695,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:



W Howells - Director


Howells Patent Glazing Limited (Registered number: 03140022)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Howells Patent Glazing 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.

In 2020, the year end of the company was extended from 31st August to 31st December . Due to the longer period the comparatives will not be entirely comparable.

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 cost and 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

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.

Howells Patent Glazing Limited (Registered number: 03140022)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 291,988 84,339 376,327
Additions 15,089 29,036 44,125
Disposals - (19,999 ) (19,999 )
At 31 December 2023 307,077 93,376 400,453
DEPRECIATION
At 1 January 2023 241,043 47,795 288,838
Charge for year 13,202 10,859 24,061
Eliminated on disposal - (8,715 ) (8,715 )
At 31 December 2023 254,245 49,939 304,184
NET BOOK VALUE
At 31 December 2023 52,832 43,437 96,269
At 31 December 2022 50,945 36,544 87,489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 132,833 175,380
Other debtors 56,335 37,698
189,168 213,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 10,473 10,524
Trade creditors 118,056 102,652
Taxation and social security 49,825 27,675
Other creditors 21,697 19,098
200,051 159,949

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 10,473

8. RELATED PARTY DISCLOSURES

The amount due to the directors at 31 December 2023 was £6,678 (2022 £6,403).