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Company Registration No. 11615827 (England and Wales)
South East Glass & Glazing Limited Unaudited accounts for the year ended 31 October 2023
South East Glass & Glazing Limited Unaudited accounts Contents
Page
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South East Glass & Glazing Limited Company Information for the year ended 31 October 2023
Director
Mr O Aragones-Voukanari
Company Number
11615827 (England and Wales)
Registered Office
Unit 10 Brookmarsh Trading Estate Norman Road Greenwich London SE10 9QE
Accountants
Beckett Taylor Limited 63-66 Hatton Garden London EC1N 8LE
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South East Glass & Glazing Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,216 
29,372 
Current assets
Inventories
1,250 
1,250 
Debtors
5,065 
24,084 
Cash at bank and in hand
2,062 
14,520 
8,377 
39,854 
Creditors: amounts falling due within one year
(31,989)
(25,345)
Net current (liabilities)/assets
(23,612)
14,509 
Total assets less current liabilities
28,604 
43,881 
Creditors: amounts falling due after more than one year
(56,791)
(33,639)
Provisions for liabilities
Deferred tax
- 
(5,828)
Net (liabilities)/assets
(28,187)
4,414 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(28,188)
4,413 
Shareholders' funds
(28,187)
4,414 
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 January 2024 and were signed on its behalf by
Mr O Aragones-Voukanari Director Company Registration No. 11615827
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South East Glass & Glazing Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
South East Glass & Glazing Limited is a private company, limited by shares, registered in England and Wales, registration number 11615827. The registered office is Unit 10 Brookmarsh Trading Estate, Norman Road, Greenwich, London, SE10 9QE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20& Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
33% Straight Line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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South East Glass & Glazing Limited Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
2,124 
43,990 
4,480 
50,594 
Additions
- 
68,000 
- 
68,000 
Disposals
- 
(43,990)
- 
(43,990)
At 31 October 2023
2,124 
68,000 
4,480 
74,604 
Depreciation
At 1 November 2022
1,075 
16,421 
3,726 
21,222 
Charge for the year
210 
17,000 
377 
17,587 
On disposals
- 
(16,421)
- 
(16,421)
At 31 October 2023
1,285 
17,000 
4,103 
22,388 
Net book value
At 31 October 2023
839 
51,000 
377 
52,216 
At 31 October 2022
1,049 
27,569 
754 
29,372 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
643 
- 
Trade debtors
4,422 
24,084 
5,065 
24,084 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,259 
3,915 
VAT
- 
64 
Obligations under finance leases and hire purchase contracts
9,392 
- 
Taxes and social security
378 
3,030 
Other creditors
5,187 
- 
Loans from directors
11,273 
16,986 
Accruals
1,500 
1,350 
31,989 
25,345 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,380 
33,639 
Obligations under finance leases and hire purchase contracts
49,411 
- 
56,791 
33,639 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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