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REGISTERED NUMBER: 05037062 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EURO GLASS LIMITED

EURO GLASS LIMITED (REGISTERED NUMBER: 05037062)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


EURO GLASS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs T Kara
Miss J Kara
Miss R Kara



SECRETARY: Mrs T Kara



REGISTERED OFFICE: 713a North Circular Road
London
NW2 7AX



REGISTERED NUMBER: 05037062 (England and Wales)



ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH



BANKERS: Barclays Bank plc
Whetstone & Edgware Business Centre
P O Box 12820
1250 High Road
Whetstone
London
N20 0PB

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EURO GLASS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Euro Glass Limited for the year ended 31 March 2024 which comprise the Profit and loss, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Euro Glass Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Euro Glass Limited and state those matters that we have agreed to state to the Board of Directors of Euro Glass Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Euro Glass Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Euro Glass Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Euro Glass Limited. You consider that Euro Glass Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Euro Glass Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


30 July 2024

EURO GLASS LIMITED (REGISTERED NUMBER: 05037062)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 19,086 24,968

CURRENT ASSETS
Inventories 69,795 85,519
Debtors 5 30,002 19,700
Cash at bank and in hand 550,361 529,121
650,158 634,340
CREDITORS
Amounts falling due within one year 6 41,300 50,625
NET CURRENT ASSETS 608,858 583,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

627,944

608,683

PROVISIONS FOR LIABILITIES 4,772 6,242
NET ASSETS 623,172 602,441

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 623,072 602,341
SHAREHOLDERS' FUNDS 623,172 602,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

EURO GLASS LIMITED (REGISTERED NUMBER: 05037062)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:




Mrs T Kara - Director Miss J Kara - Director




Miss R Kara - Director


EURO GLASS LIMITED (REGISTERED NUMBER: 05037062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Euro 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 the provision os Section 1A" Small Entities"of Financial Reporting Standard 102" The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006, The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Revenue from the sale of goods is recognised once the goods has delivered and the risks and rewards have passed to the customer.

Tangible fixed assets
Property,plant and equipment are stated at fair value which is cost less accumulated depreciation and impairment.

Depreciation is provided an all property,plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each assets on a systematic basis over its expected useful life as follows:

Plant and Machinery - 20% on reducing balance
Computer Equipment - 33% on reducing balance
Motor Vehicles - 25% on reducing balance

The carrying value of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable

Stocks
Stocks are measured at the lower of cost and selling price less cost to sell. Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.


EURO GLASS LIMITED (REGISTERED NUMBER: 05037062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
A deferred tax assets or liability for tax recoverable or payable in future periods in respect of transactions and
events recognised in the financial statements of current and previous periods.

Deferred Taxation is provided on the liability method to take account of timing difference between the treatment of certain items for accounts purpose and their treatment for tax purpose.

Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Tax deferred and accelerated is accounted for in respect of all material timing differences.

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 4 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 37,351 29,440 6,001 72,792
DEPRECIATION
At 1 April 2023 30,058 11,770 5,996 47,824
Charge for year 1,459 4,418 5 5,882
At 31 March 2024 31,517 16,188 6,001 53,706
NET BOOK VALUE
At 31 March 2024 5,834 13,252 - 19,086
At 31 March 2023 7,293 17,670 5 24,968

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,364 14,889
Other debtors 1,638 4,811
30,002 19,700

EURO GLASS LIMITED (REGISTERED NUMBER: 05037062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,927 38,292
Amounts owed to group companies 11,124 5,175
Taxation and social security 8,977 1,332
Other creditors 3,272 5,826
41,300 50,625