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REGISTERED NUMBER: 08222675 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Eco Glazed Frames Limited

Eco Glazed Frames Limited (Registered number: 08222675)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eco Glazed Frames Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: B S Armstrong





REGISTERED OFFICE: 110 Whitchurch Road
Cardiff
CF14 3LY





BUSINESS ADDRESS: Unit L2
The Levels
Captal Business Park
Cardiff
CF3 2PU





REGISTERED NUMBER: 08222675 (England and Wales)





ACCOUNTANTS: DHB Accountants Limited
Chartered Accountants
Statutory Auditors
110 Whitchurch Road
Cardiff
CF14 3LY

Eco Glazed Frames Limited (Registered number: 08222675)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 176,497 160,025
Investments 5 32,939 32,939
209,436 192,964

CURRENT ASSETS
Stocks 138,210 170,848
Debtors 6 127,815 132,133
Prepayments and accrued income 40,421 31,211
Cash at bank 60,093 18,798
366,539 352,990
CREDITORS
Amounts falling due within one year 7 420,990 397,995
NET CURRENT LIABILITIES (54,451 ) (45,005 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,985

147,959

CREDITORS
Amounts falling due after more than one
year

8

(93,442

)

(99,853

)

PROVISIONS FOR LIABILITIES (13,968 ) (13,968 )
NET ASSETS 47,575 34,138

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 47,573 34,136
SHAREHOLDERS' FUNDS 47,575 34,138

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Eco Glazed Frames Limited (Registered number: 08222675)

Balance Sheet - continued
31 August 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 23 April 2024 and were signed by:





B S Armstrong - Director


Eco Glazed Frames Limited (Registered number: 08222675)

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

1. STATUTORY INFORMATION

Eco Glazed Frames 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.

The company adopts trading styles of The Welsh Glasshouse and The Glasshouse.

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 a going concern basis and make no allowance for any additional costs or losses that might arise if this were found to be inappropriate. Having regard to the company's future order book, available financial facilities and support from major creditors the director is of the view that the company will be able to meet it's obligations as they fall due and that the going concern basis is entirely appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognized to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - at varying rates on cost
Motor vehicles - at varying rates 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.


Eco Glazed Frames Limited (Registered number: 08222675)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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
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.

Fixed asset investments
Fixed asset investments are initially recognised at cost but adjusted at the year end for any change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 14 ) .

Eco Glazed Frames Limited (Registered number: 08222675)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2022 15,191 105,209 53,637 68,130 242,167
Additions - 13,697 582 36,500 50,779
At 31 August 2023 15,191 118,906 54,219 104,630 292,946
DEPRECIATION
At 1 September 2022 8,299 26,626 43,696 3,521 82,142
Charge for year 1,519 14,786 8,133 9,869 34,307
At 31 August 2023 9,818 41,412 51,829 13,390 116,449
NET BOOK VALUE
At 31 August 2023 5,373 77,494 2,390 91,240 176,497
At 31 August 2022 6,892 78,583 9,941 64,609 160,025

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2022 61,000 67,630 128,630
Additions - 36,500 36,500
At 31 August 2023 61,000 104,130 165,130
DEPRECIATION
At 1 September 2022 6,100 3,521 9,621
Charge for year 6,100 9,869 15,969
At 31 August 2023 12,200 13,390 25,590
NET BOOK VALUE
At 31 August 2023 48,800 90,740 139,540
At 31 August 2022 54,900 64,109 119,009

Eco Glazed Frames Limited (Registered number: 08222675)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2022
and 31 August 2023 32,939
NET BOOK VALUE
At 31 August 2023 32,939
At 31 August 2022 32,939

Fixed assets investments comprises a shareholding in a company that is unconnected to the company or its director and not currently listed. In the opinion of the director the amount at which this investment is stated in the balance sheet is at least equal to its fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 93,254 99,827
Other debtors 34,561 32,306
127,815 132,133

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,931 9,982
Hire purchase contracts 29,395 22,759
Trade creditors 326,605 281,506
Taxation and social security 39,547 55,731
Other creditors 14,512 28,017
420,990 397,995

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,862 27,742
Hire purchase contracts 77,580 72,111
93,442 99,853

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

Eco Glazed Frames Limited (Registered number: 08222675)

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

10. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £21,813 due from the director.

11. ULTIMATE CONTROLLING PARTY

The controlling party is B S Armstrong.