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REGISTERED NUMBER: 03611383 (England and Wales)









Financial Statements

for the Year Ended 31 December 2023

for

All London Glass (UK) Limited

All London Glass (UK) Limited (Registered number: 03611383)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


All London Glass (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S J Joseph
M A Joseph





SECRETARY: S J Joseph





REGISTERED OFFICE: 16 West Hill Way
Totteridge
London
N20 8QP





REGISTERED NUMBER: 03611383 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

All London Glass (UK) Limited (Registered number: 03611383)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 65,029 6,332

CURRENT ASSETS
Debtors 5 162,978 122,824
Cash at bank 430,557 287,777
593,535 410,601
CREDITORS
Amounts falling due within one year 6 (221,990 ) (177,976 )
NET CURRENT ASSETS 371,545 232,625
TOTAL ASSETS LESS CURRENT LIABILITIES 436,574 238,957

CREDITORS
Amounts falling due after more than one year 7 (7,500 ) (17,507 )
NET ASSETS 429,074 221,450

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 429,072 221,448
SHAREHOLDERS' FUNDS 429,074 221,450

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 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.

All London Glass (UK) Limited (Registered number: 03611383)

Statement of Financial Position - continued
31 December 2023


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 12 September 2024 and were signed on its behalf by:





M A Joseph - Director


All London Glass (UK) Limited (Registered number: 03611383)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

All London Glass (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is recognised when the service is provided.

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 - 15% - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 8 (2022 - 8 ) .

All London Glass (UK) Limited (Registered number: 03611383)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 29,306
Additions 65,140
At 31 December 2023 94,446
DEPRECIATION
At 1 January 2023 22,974
Charge for year 6,443
At 31 December 2023 29,417
NET BOOK VALUE
At 31 December 2023 65,029
At 31 December 2022 6,332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 162,978 122,824

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 43,787 31,419
Taxation and social security 160,979 107,269
Other creditors 7,224 29,288
221,990 177,976

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 7,500 17,507

All London Glass (UK) Limited (Registered number: 03611383)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000
Other loans - 15,722
10,000 25,722

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,500 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 7,507

The company took out a Bounce Back Loan of £50,000 with Barclays Bank UK Plc in September 2020. The loan is unsecured and repayable over a term of six years at a fixed interest rate of 2.5%.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors at the year end is an aggregate amount due to the directors of £749 (2022: £3,371). Interest of £2,168 (2022: £2,635) was charged on the overdrawn balance at a rate of 2.00%.

The following aggregate amounts were advanced to the directors during the year and were considered material;

January 2023£28,434
July 2023£46,535
December 2023£25,370

There have been no other advances which individually were considered material and no other advances exceeding £20,000 to the directors.