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REGISTERED NUMBER: 12693452 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Trade Glass Distribution Ltd

Trade Glass Distribution Ltd (Registered number: 12693452)






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


Trade Glass Distribution Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: W J Roberts





REGISTERED OFFICE: 19 Warren Park Way
Enderby
Leicester
LE19 4SA





REGISTERED NUMBER: 12693452 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

Trade Glass Distribution Ltd (Registered number: 12693452)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,611 61,885

CURRENT ASSETS
Stocks 351,153 373,833
Debtors 5 124,672 67,799
Cash at bank 27,159 49,602
502,984 491,234
CREDITORS
Amounts falling due within one year 6 346,157 405,674
NET CURRENT ASSETS 156,827 85,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,438

147,445

CREDITORS
Amounts falling due after more than one
year

7

(32,890

)

(42,019

)

PROVISIONS FOR LIABILITIES (11,327 ) (11,758 )
NET ASSETS 160,221 93,668

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 160,121 93,568
SHAREHOLDERS' FUNDS 160,221 93,668

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.

Trade Glass Distribution Ltd (Registered number: 12693452)

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 21 August 2024 and were signed by:





W J Roberts - Director


Trade Glass Distribution Ltd (Registered number: 12693452)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Trade Glass Distribution Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks 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.

Hire purchase and leasing commitments
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 9 (2023 - 8 ) .

Trade Glass Distribution Ltd (Registered number: 12693452)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 89,534
Additions 416
At 30 June 2024 89,950
DEPRECIATION
At 1 July 2023 27,649
Charge for year 14,690
At 30 June 2024 42,339
NET BOOK VALUE
At 30 June 2024 47,611
At 30 June 2023 61,885

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 80,675 56,997
Other debtors 32,460 -
Prepayments 11,537 10,802
124,672 67,799

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 32,033 43,858
Other loans 108,047 151,562
Trade creditors 86,684 136,294
Tax 26,816 14,064
Social security and other taxes 2,261 4,587
VAT 79,146 34,528
Other creditors 9,070 12,047
Directors' current accounts - 6,684
Accrued expenses 2,100 2,050
346,157 405,674

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other loans - 2-5 years 32,890 42,019

Trade Glass Distribution Ltd (Registered number: 12693452)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1.00 100 100