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REGISTERED NUMBER: 01812853 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

All Glass Systems Limited

All Glass Systems Limited (Registered number: 01812853)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


All Glass Systems Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Peter Anthony Evans
Mr Darren Scott Edwards





SECRETARY: Mr Darren Scott Edwards





REGISTERED OFFICE: Unit F8
Halesfield 23
Telford
Shropshire
TF7 4NY





REGISTERED NUMBER: 01812853 (England and Wales)





ACCOUNTANTS: WJW Accountancy Services Limited
5 Wentworth Grove
Perton
Wolverhampton
Staffordshire
WV6 7RD

All Glass Systems Limited (Registered number: 01812853)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,499 89,693

CURRENT ASSETS
Stocks 161,698 247,184
Debtors 5 555,500 261,720
Cash at bank and in hand 148,801 220,808
865,999 729,712
CREDITORS
Amounts falling due within one year 6 542,331 487,290
NET CURRENT ASSETS 323,668 242,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,167

332,115

CREDITORS
Amounts falling due after more than
one year

7

(45,132

)

(61,893

)

PROVISIONS FOR LIABILITIES 9 (21,875 ) (19,763 )
NET ASSETS 344,160 250,459

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 344,060 250,359
SHAREHOLDERS' FUNDS 344,160 250,459

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.

All Glass Systems Limited (Registered number: 01812853)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by:




Mr Peter Anthony Evans - Director



Mr Darren Scott Edwards - Director


All Glass Systems Limited (Registered number: 01812853)

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

1. STATUTORY INFORMATION

All Glass Systems 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% 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 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.

All Glass Systems Limited (Registered number: 01812853)

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

2. ACCOUNTING POLICIES - continued

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 29 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 205,386
Additions 21,423
At 31 December 2023 226,809
DEPRECIATION
At 1 January 2023 115,693
Charge for year 23,617
At 31 December 2023 139,310
NET BOOK VALUE
At 31 December 2023 87,499
At 31 December 2022 89,693

All Glass Systems Limited (Registered number: 01812853)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 63,371
Additions 19,990
At 31 December 2023 83,361
DEPRECIATION
At 1 January 2023 22,207
Charge for year 11,124
At 31 December 2023 33,331
NET BOOK VALUE
At 31 December 2023 50,030
At 31 December 2022 41,164

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 518,053 243,811
Other debtors 37,447 17,909
555,500 261,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,532 5,532
Trade creditors 334,989 396,475
Amounts owed to participating interests 79,149 25,895
Taxation and social security 77,460 30,045
Other creditors 45,201 29,343
542,331 487,290

All Glass Systems Limited (Registered number: 01812853)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 30,116 35,671
Other creditors 15,016 26,222
45,132 61,893

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,889 19,444

8. SECURED DEBTS

A fixed and floating charge was created on 15 November 2018 in favour of Lloyds Bank PLC covering all the property or undertaking of the company.

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 21,875 19,763

Deferred
tax
£   
Balance at 1 January 2023 19,763
Charge to Income Statement during year 2,112
Balance at 31 December 2023 21,875

10. RELATED PARTY DISCLOSURES

The directors were also directors of AGS Aluminium Glass Systems Ltd. As at 31 December 2023 the company owed AGS Aluminium Systems Ltd £79,149 (2022 - £25,895).


The directors own the property and charge the company rent of £60,000 (2022 - £60,000).

11. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.