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REGISTERED NUMBER: 02573414 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Leeds Glass Windows Limited

Leeds Glass Windows Limited (Registered number: 02573414)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 6

Leeds Glass Windows Limited

Company Information
for the year ended 30 November 2023







DIRECTORS: S Green
R P Goodall
Mrs J E Green





SECRETARY: R P Goodall





REGISTERED OFFICE: 401A York Road
Leeds
West Yorkshire
LS9 6TD





REGISTERED NUMBER: 02573414 (England and Wales)





ACCOUNTANTS: Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ

Leeds Glass Windows Limited (Registered number: 02573414)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,187 86,732

CURRENT ASSETS
Stocks 71,507 108,973
Debtors 5 169,796 206,603
Cash at bank and in hand 637,415 448,635
878,718 764,211
CREDITORS
Amounts falling due within one year 6 589,866 550,869
NET CURRENT ASSETS 288,852 213,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,039

300,074

CREDITORS
Amounts falling due after more than one
year

7

(48,896

)

(85,184

)

PROVISIONS FOR LIABILITIES (14,070 ) (19,789 )
NET ASSETS 284,073 195,101

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 283,973 195,001
SHAREHOLDERS' FUNDS 284,073 195,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





S Green - Director


Leeds Glass Windows Limited (Registered number: 02573414)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Leeds Glass 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.

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 amounts invoiced net of value added tax relating to the year in respect of the merchanting and fitting of glass and UPVC products.

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.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost and 20% 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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those assets 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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Leeds Glass Windows Limited (Registered number: 02573414)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 19 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 54,928 53,524 5,340
Additions - - -
Disposals - - -
At 30 November 2023 54,928 53,524 5,340
DEPRECIATION
At 1 December 2022 54,928 53,524 5,340
Charge for year - - -
Eliminated on disposal - - -
At 30 November 2023 54,928 53,524 5,340
NET BOOK VALUE
At 30 November 2023 - - -
At 30 November 2022 - - -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 170,760 25,192 309,744
Additions - 5,641 5,641
Disposals (17,095 ) - (17,095 )
At 30 November 2023 153,665 30,833 298,290
DEPRECIATION
At 1 December 2022 89,707 19,513 223,012
Charge for year 30,652 3,534 34,186
Eliminated on disposal (17,095 ) - (17,095 )
At 30 November 2023 103,264 23,047 240,103
NET BOOK VALUE
At 30 November 2023 50,401 7,786 58,187
At 30 November 2022 81,053 5,679 86,732


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 149,704 178,471
Other debtors 20,092 28,132
169,796 206,603

Leeds Glass Windows Limited (Registered number: 02573414)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,098 9,849
Hire purchase contracts 26,190 26,535
Trade creditors 342,509 365,051
Amounts owed to group undertakings 27,455 8,172
Taxation and social security 141,126 101,000
Other creditors 42,488 40,262
589,866 550,869

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 16,514 26,612
Hire purchase contracts 32,382 58,572
48,896 85,184

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 58,572 85,107

Hire purchase is secured over the assets being financed.

9. FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £155 (2022 - £777).

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Leeds Glass Windows 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 Leeds Glass Windows Limited for the year ended 30 November 2023 which comprise the Statement of Income and Retained Earnings, 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 Leeds Glass Windows 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 Leeds Glass Windows Limited and state those matters that we have agreed to state to the Board of Directors of Leeds Glass Windows 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 Leeds Glass Windows Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Leeds Glass Windows 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 Leeds Glass Windows Limited. You consider that Leeds Glass Windows 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 Leeds Glass Windows 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.






Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ


13 August 2024