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REGISTERED NUMBER: 02130541 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pavilion Glass Co. Limited

Pavilion Glass Co. Limited (Registered number: 02130541)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pavilion Glass Co. Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D G Perry
Mrs S A Perry
Mr C M Perry





SECRETARY: Mrs S A Perry





REGISTERED OFFICE: 18 Northbrook Road
Worthing
West Sussex
BN14 8PN





REGISTERED NUMBER: 02130541 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

Pavilion Glass Co. Limited (Registered number: 02130541)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,961 150,673

CURRENT ASSETS
Stocks 95,000 90,000
Debtors 5 102,778 98,398
Cash at bank and in hand 57,128 82,254
254,906 270,652
CREDITORS
Amounts falling due within one year 6 207,474 189,768
NET CURRENT ASSETS 47,432 80,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,393

231,557

CREDITORS
Amounts falling due after more than one
year

7

(69,734

)

(103,321

)

PROVISIONS FOR LIABILITIES (29,241 ) (28,628 )
NET ASSETS 65,418 99,608

CAPITAL AND RESERVES
Called up share capital 1,010 1,010
Retained earnings 64,408 98,598
SHAREHOLDERS' FUNDS 65,418 99,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Pavilion Glass Co. Limited (Registered number: 02130541)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:




Mr D G Perry - Director



Mr C M Perry - Director


Pavilion Glass Co. Limited (Registered number: 02130541)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Pavilion Glass Co. 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 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
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.

Pavilion Glass Co. Limited (Registered number: 02130541)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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 17 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 7,741 5,560 351,838 365,139
Additions 1,260 5,362 - 6,622
Disposals - - (36,161 ) (36,161 )
At 31 March 2024 9,001 10,922 315,677 335,600
DEPRECIATION
At 1 April 2023 6,979 1,818 205,669 214,466
Charge for year 506 2,276 36,211 38,993
Eliminated on disposal - - (34,820 ) (34,820 )
At 31 March 2024 7,485 4,094 207,060 218,639
NET BOOK VALUE
At 31 March 2024 1,516 6,828 108,617 116,961
At 31 March 2023 762 3,742 146,169 150,673

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 145,348
DEPRECIATION
At 1 April 2023 36,337
Charge for year 27,254
At 31 March 2024 63,591
NET BOOK VALUE
At 31 March 2024 81,757
At 31 March 2023 109,011

Pavilion Glass Co. Limited (Registered number: 02130541)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 101,402 93,366
Other debtors 1,376 5,032
102,778 98,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 6,500
Hire purchase contracts 31,341 34,088
Trade creditors 64,628 85,400
Taxation and social security 64,786 31,397
Other creditors 36,719 32,383
207,474 189,768

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,500 26,000
Hire purchase contracts 57,234 77,321
69,734 103,321

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 88,575 111,409

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £177,184 (2023 - £114,466) were paid to the directors .

Mrs H Brown, the daughter of the directors Mr D G Perry and Mrs S A Perry holds 5 B shares (2023: 5 B shares)

The company was controlled throughout the current and previous year by it's Managing Director Mr D G Perry.

Mr C M Perry has given personal guarantees to the landlord.