30 March 2023 false No description of principal activity Taxfiler 2024.5 SC764371business:PrivateLimitedCompanyLtd2023-03-302024-03-31 SC7643712023-03-29 SC7643712023-03-302024-03-31 SC764371business:AuditExempt-NoAccountantsReport2023-03-302024-03-31 SC764371business:FilletedAccounts2023-03-302024-03-31 SC7643712024-03-31 SC764371business:Director12023-03-302024-03-31 SC764371business:Director22023-03-302024-03-31 SC764371business:RegisteredOffice2023-03-302024-03-31 SC764371core:WithinOneYear2024-03-31 SC764371core:AfterOneYear2024-03-31 SC764371core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC764371core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC764371core:PreviouslyStatedAmount2024-03-31 SC764371business:SmallEntities2023-03-302024-03-31 SC764371countries:Scotland2023-03-302024-03-31 SC764371core:Goodwill2023-03-29 SC764371core:Goodwill2023-03-302024-03-31 SC764371core:Goodwill2024-03-31 SC764371core:PlantMachinery2023-03-29 SC764371core:MotorVehicles2023-03-29 SC764371core:PlantMachinery2023-03-302024-03-31 SC764371core:MotorVehicles2023-03-302024-03-31 SC764371core:PlantMachinery2024-03-31 SC764371core:MotorVehicles2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC764371 (Scotland)
Mark Smith Glazing Limited Unaudited accounts for the period from 30 March 2023 to 31 March 2024
Mark Smith Glazing Limited Unaudited accounts Contents
Page
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Mark Smith Glazing Limited Company Information for the period from 30 March 2023 to 31 March 2024
Directors
Jonathan Hughson Blurton Mark Smith
Company Number
SC764371 (Scotland)
Registered Office
258 Portobello High Street Edinburgh Midlothian EH15 2AT Scotland
Accountants
Rebus Bookkeeping and Accountancy Limited 52 Bankton Park East Murieston Livingston West Lothian EH54 9BW
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Mark Smith Glazing Limited Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
690,634 
Tangible assets
56,503 
747,137 
Current assets
Inventories
50,306 
Debtors
190,629 
Cash at bank and in hand
615,781 
856,716 
Creditors: amounts falling due within one year
(780,494)
Net current assets
76,222 
Total assets less current liabilities
823,359 
Creditors: amounts falling due after more than one year
(823,258)
Net assets
101 
Capital and reserves
Called up share capital
100 
Profit and loss account
1 
Shareholders' funds
101 
For the period ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by
Mark Smith Director Company Registration No. SC764371
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Mark Smith Glazing Limited Notes to the Accounts for the period from 30 March 2023 to 31 March 2024
1
Statutory information
Mark Smith Glazing Limited is a private company, limited by shares, registered in Scotland, registration number SC764371. The registered office is 258 Portobello High Street, Edinburgh, Midlothian, EH15 2AT, Scotland.
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 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.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Mark Smith Glazing Limited Notes to the Accounts for the period from 30 March 2023 to 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 30 March 2023
- 
Additions
690,634 
At 31 March 2024
690,634 
Amortisation
At 30 March 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
690,634 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 30 March 2023
- 
- 
- 
Additions
14,255 
70,137 
84,392 
At 31 March 2024
14,255 
70,137 
84,392 
Depreciation
At 30 March 2023
- 
23,235 
23,235 
Charge for the period
4,654 
- 
4,654 
At 31 March 2024
4,654 
23,235 
27,889 
Net book value
At 31 March 2024
9,601 
46,902 
56,503 
6
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
185,146 
Accrued income and prepayments
5,383 
Other debtors
100 
190,629 
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Mark Smith Glazing Limited Notes to the Accounts for the period from 30 March 2023 to 31 March 2024
7
Creditors: amounts falling due within one year
2024 
£ 
VAT
35,816 
Obligations under finance leases and hire purchase contracts
10,246 
Trade creditors
146,593 
Taxes and social security
97,869 
Other creditors
414,920 
Loans from directors
(17,147)
Accruals
9,067 
Deferred income
83,130 
780,494 
8
Creditors: amounts falling due after more than one year
2024 
£ 
Obligations under finance leases and hire purchase contracts
23,258 
Other creditors
800,000 
823,258 
9
Average number of employees
During the period the average number of employees was 15.
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