Humberside Glazing Limited 03499273 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Glazing Digita Accounts Production Advanced 6.30.9574.0 true 03499273 2023-04-01 2024-03-31 03499273 2024-03-31 03499273 core:CurrentFinancialInstruments 2024-03-31 03499273 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03499273 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 03499273 core:FurnitureFittings 2024-03-31 03499273 core:MotorVehicles 2024-03-31 03499273 bus:SmallEntities 2023-04-01 2024-03-31 03499273 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03499273 bus:FullAccounts 2023-04-01 2024-03-31 03499273 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03499273 bus:RegisteredOffice 2023-04-01 2024-03-31 03499273 bus:Director1 2023-04-01 2024-03-31 03499273 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03499273 core:FurnitureFittings 2023-04-01 2024-03-31 03499273 core:MotorVehicles 2023-04-01 2024-03-31 03499273 core:PlantMachinery 2023-04-01 2024-03-31 03499273 countries:AllCountries 2023-04-01 2024-03-31 03499273 2023-03-31 03499273 core:FurnitureFittings 2023-03-31 03499273 core:MotorVehicles 2023-03-31 03499273 2022-04-01 2023-03-31 03499273 2023-03-31 03499273 core:CurrentFinancialInstruments 2023-03-31 03499273 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03499273 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 03499273 core:FurnitureFittings 2023-03-31 03499273 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 03499273

Humberside Glazing Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Humberside Glazing Limited

(Registration number: 03499273)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

110,140

85,850

Current assets

 

Stocks

27,078

59,360

Debtors

4

362,554

351,234

Cash at bank and in hand

 

304,920

285,929

 

694,552

696,523

Creditors: Amounts falling due within one year

5

(141,382)

(167,643)

Net current assets

 

553,170

528,880

Total assets less current liabilities

 

663,310

614,730

Creditors: Amounts falling due after more than one year

5

(13,333)

(23,617)

Provisions for liabilities

(27,535)

(21,462)

Net assets

 

622,442

569,651

Capital and reserves

 

Called up share capital

6,000

6,000

Capital redemption reserve

5,003

5,003

Other reserves

10,000

10,000

Profit and loss account

601,439

548,648

Shareholders' funds

 

622,442

569,651

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Humberside Glazing Limited

(Registration number: 03499273)

Balance Sheet as at 31 March 2024

These financial statements which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. and in accordance with the provisions of FRS102 Section 1A Small Entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements were approved and authorised for issue by the Board on 6 August 2024 and signed on its behalf by:
 

.........................................

S J Parkinson

Director

 

Humberside Glazing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Humberside Glazing Limited is a private company, limited by shares, domiciled in England and Wales, company number 03499273. The registered office is at 49-51 Trafford Street, Scunthorpe, North Lincolnshire, DN15 6TN, United Kingdom.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in statement of income and retained earnings, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Humberside Glazing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

Motor vehicles

25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments


Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 11).

 

Humberside Glazing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost

At 1 April 2023

16,349

128,353

144,702

Additions

2,391

38,392

40,783

Disposals

(1,459)

(17,995)

(19,454)

At 31 March 2024

17,281

148,750

166,031

Depreciation

At 1 April 2023

3,633

55,219

58,852

Charge for the year

1,774

11,051

12,825

Eliminated on disposal

(460)

(15,326)

(15,786)

At 31 March 2024

4,947

50,944

55,891

Carrying amount

At 31 March 2024

12,334

97,806

110,140

At 31 March 2023

12,716

73,134

85,850

4

Debtors

2024
£

2023
£

Trade debtors

 

68,636

68,585

Amounts owed by group undertakings and undertakings in which the company has a participating interest

281,521

281,521

Prepayments

 

12,397

1,128

 

362,554

351,234

 

Humberside Glazing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Bank loan

10,000

9,885

Trade creditors

52,199

56,561

Taxation and social security

45,141

48,466

Accruals and deferred income

9,076

8,917

Other creditors

6,786

13,978

Corporation tax

18,180

29,836

141,382

167,643

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Bank loan

13,333

23,617