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REGISTERED NUMBER: 01789569 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HOUNSLOW GLASS COMPANY LIMITED

HOUNSLOW GLASS COMPANY LIMITED (REGISTERED NUMBER: 01789569)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


HOUNSLOW GLASS COMPANY LIMITED (REGISTERED NUMBER: 01789569)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,184 24,756

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 5 5,824 6,401
Prepayments and accrued income 1,320 1,045
Cash at bank and in hand 1,318 19,467
28,462 46,913
CREDITORS
Amounts falling due within one year 6 134,232 133,587
NET CURRENT LIABILITIES (105,770 ) (86,674 )
TOTAL ASSETS LESS CURRENT LIABILITIES (84,586 ) (61,918 )

CREDITORS
Amounts falling due after more than one year 7 6,254 10,283
NET LIABILITIES (90,840 ) (72,201 )

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings (91,840 ) (73,201 )
SHAREHOLDERS' FUNDS (90,840 ) (72,201 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 director and authorised for issue on 28 August 2024 and were signed by:





T F Maycock - Director


HOUNSLOW GLASS COMPANY LIMITED (REGISTERED NUMBER: 01789569)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Hounslow Glass Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01789569

Registered office: Ingram House
6 Meridian Way
Norwich
Norfolk
NR7 0TA

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.

At 31 December 2023, the company had net current liabilities of £105,770 and net liabilities of £90,840. The company relies on the continued support of its director to meet its day to day working capital requirements. The director has indicated his willingness to support the company as necessary for the foreseeable future. The director therefore considers it appropriate to prepare the financial statements on a going concern basis.

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 assets
Tangible assets are recorded at cost less accumulated depreciation. Cost includes the original purchase price of the asset plus costs attributable to bringing the asset to its working condition for its intended use. Depreciation is charged from the time when tangible fixed assets are brought into use and is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Plant and machinery etc - 10% and 25% 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 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.

HOUNSLOW GLASS COMPANY LIMITED (REGISTERED NUMBER: 01789569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

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.

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 86,765
Disposals (357 )
At 31 December 2023 86,408
DEPRECIATION
At 1 January 2023 62,009
Charge for year 3,338
Eliminated on disposal (123 )
At 31 December 2023 65,224
NET BOOK VALUE
At 31 December 2023 21,184
At 31 December 2022 24,756

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 354 841
Other debtors 5,470 5,560
5,824 6,401

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,041 3,957
Trade creditors 7,513 19,598
Taxation and social security 739 1,093
Other creditors 121,939 108,939
134,232 133,587

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 6,254 10,283

HOUNSLOW GLASS COMPANY LIMITED (REGISTERED NUMBER: 01789569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RELATED PARTY DISCLOSURES

The lease on the premises are secured by a personal guarantee from the director.