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REGISTERED NUMBER: 02452782 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

LICHFIELD STUDIO GLASS LIMITED

LICHFIELD STUDIO GLASS LIMITED (REGISTERED NUMBER: 02452782)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LICHFIELD STUDIO GLASS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: M Hagan
J Hagan





SECRETARY: J Hagan





REGISTERED OFFICE: 10 Woodville Place
Widnes
Cheshire
WA8 7PS





REGISTERED NUMBER: 02452782 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

LICHFIELD STUDIO GLASS LIMITED (REGISTERED NUMBER: 02452782)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2023

30/9/23 30/9/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 947 -

CURRENT ASSETS
Stocks 200 200
Debtors 118 214
Cash at bank 29,483 41,585
29,801 41,999
CREDITORS
Amounts falling due within one year 972 5,993
NET CURRENT ASSETS 28,829 36,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,776

36,006

PROVISIONS FOR LIABILITIES 180 -
NET ASSETS 29,596 36,006

CAPITAL AND RESERVES
Called up share capital 106 106
Retained earnings 29,490 35,900
SHAREHOLDERS' FUNDS 29,596 36,006

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.

LICHFIELD STUDIO GLASS LIMITED (REGISTERED NUMBER: 02452782)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 April 2024 and were signed on its behalf by:





M Hagan - Director


LICHFIELD STUDIO GLASS LIMITED (REGISTERED NUMBER: 02452782)

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

1. STATUTORY INFORMATION

Lichfield Studio Glass 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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company is supported by the director's loan. The director will continue to support the company for the foreseeable future and ensure that the company can meet its obligations to creditors as they fall due. The directors therefore believe that it is appropriate for the financial statements to be drawn up on the going concern basis. If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

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 etc - 10% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LICHFIELD STUDIO GLASS LIMITED (REGISTERED NUMBER: 02452782)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 23,743
Additions 1,181
At 30 September 2023 24,924
DEPRECIATION
At 1 October 2022 23,743
Charge for year 234
At 30 September 2023 23,977
NET BOOK VALUE
At 30 September 2023 947
At 30 September 2022 -

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director, M Hagan, has made an unsecured interest free loan available to the company with no fixed repayment date. The amount outstanding at the year end was £11 (2022 : £31).