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REGISTERED NUMBER: 01917819 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

TOTALGLAZE WINDOWS LIMITED

TOTALGLAZE WINDOWS LIMITED (REGISTERED NUMBER: 01917819)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOTALGLAZE WINDOWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: S Wrightson





SECRETARY: Mrs M E Wrightson





REGISTERED OFFICE: Unit M
Enterprise Road
Westwood Industrial Estate
MARGATE
Kent
CT9 4JA





REGISTERED NUMBER: 01917819 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

TOTALGLAZE WINDOWS LIMITED (REGISTERED NUMBER: 01917819)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 216,508 227,570

CURRENT ASSETS
Stocks 33,930 23,926
Debtors 5 184,756 122,350
Cash at bank 224,534 230,779
443,220 377,055
CREDITORS
Amounts falling due within one year 6 338,078 288,813
NET CURRENT ASSETS 105,142 88,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,650

315,812

CREDITORS
Amounts falling due after more than one
year

7

(9,593

)

(22,378

)

PROVISIONS FOR LIABILITIES (6,469 ) (6,031 )
NET ASSETS 305,588 287,403

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 305,488 287,303
SHAREHOLDERS' FUNDS 305,588 287,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

TOTALGLAZE WINDOWS LIMITED (REGISTERED NUMBER: 01917819)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2024 and were signed by:





S Wrightson - Director


TOTALGLAZE WINDOWS LIMITED (REGISTERED NUMBER: 01917819)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Totalglaze Windows 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Where the substance of a contract is that the company's contractual obligations are performed gradually over time, turnover is recognised as contract activity progresses to reflect the company's partial performance of its contractual obligations by reference to the value of work performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock 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.

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.

TOTALGLAZE WINDOWS LIMITED (REGISTERED NUMBER: 01917819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2023 271,001 282,080 8,995 562,076
Disposals - - (8,995 ) (8,995 )
At 30 June 2024 271,001 282,080 - 553,081
DEPRECIATION
At 1 July 2023 75,535 250,952 8,019 334,506
Charge for year 5,420 4,666 - 10,086
Eliminated on disposal - - (8,019 ) (8,019 )
At 30 June 2024 80,955 255,618 - 336,573
NET BOOK VALUE
At 30 June 2024 190,046 26,462 - 216,508
At 30 June 2023 195,466 31,128 976 227,570


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 128,973 65,521
Amounts recoverable on contracts 49,151 42,449
Other debtors and prepayments 6,632 14,380
184,756 122,350

TOTALGLAZE WINDOWS LIMITED (REGISTERED NUMBER: 01917819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,276 7,492
Trade creditors 143,455 145,162
Tax 41,532 800
Social security and other taxes 115,952 116,246
Other creditors and accruals 16,766 14,016
Director's current account 10,097 5,097
338,078 288,813

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,593 10,213
Bank loans - 2-5 years - 12,165
9,593 22,378

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. OPERATING LEASE COMMITMENTS

The company has future operating lease commitments totalling £106,659 (2023 - £132,216).