IRIS Accounts Production v24.2.0.383 13096492 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130964922022-12-31130964922023-12-31130964922023-01-012023-12-31130964922021-12-31130964922022-01-012022-12-31130964922022-12-3113096492ns15:EnglandWales2023-01-012023-12-3113096492ns14:PoundSterling2023-01-012023-12-3113096492ns10:Director12023-01-012023-12-3113096492ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113096492ns10:SmallEntities2023-01-012023-12-3113096492ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113096492ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113096492ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113096492ns10:FullAccounts2023-01-012023-12-3113096492ns10:RegisteredOffice2023-01-012023-12-3113096492ns5:CurrentFinancialInstruments2023-12-3113096492ns5:CurrentFinancialInstruments2022-12-3113096492ns5:Non-currentFinancialInstruments2023-12-3113096492ns5:Non-currentFinancialInstruments2022-12-3113096492ns5:ShareCapital2023-12-3113096492ns5:ShareCapital2022-12-3113096492ns5:RetainedEarningsAccumulatedLosses2023-12-3113096492ns5:RetainedEarningsAccumulatedLosses2022-12-3113096492ns5:FurnitureFittings2023-01-012023-12-3113096492ns5:MotorVehicles2023-01-012023-12-3113096492ns5:ComputerEquipment2023-01-012023-12-3113096492ns5:FurnitureFittings2022-12-3113096492ns5:MotorVehicles2022-12-3113096492ns5:ComputerEquipment2022-12-3113096492ns5:FurnitureFittings2023-12-3113096492ns5:MotorVehicles2023-12-3113096492ns5:ComputerEquipment2023-12-3113096492ns5:FurnitureFittings2022-12-3113096492ns5:MotorVehicles2022-12-3113096492ns5:ComputerEquipment2022-12-3113096492ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3113096492ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3113096492ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3113096492ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3113096492ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3113096492ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3113096492ns5:DeferredTaxation2022-12-3113096492ns5:DeferredTaxation2023-12-31
REGISTERED NUMBER: 13096492 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

LC GLASS & GLAZING LIMITED

LC GLASS & GLAZING LIMITED (REGISTERED NUMBER: 13096492)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LC GLASS & GLAZING LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: L Clowes





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 13096492 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

LC GLASS & GLAZING LIMITED (REGISTERED NUMBER: 13096492)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,938 15,824

CURRENT ASSETS
Stocks 7,000 4,500
Debtors 5 47,935 32,008
Cash at bank 34,868 37,689
89,803 74,197
CREDITORS
Amounts falling due within one year 6 70,067 48,780
NET CURRENT ASSETS 19,736 25,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,674

41,241

CREDITORS
Amounts falling due after more than one
year

7

(14,351

)

(6,646

)

PROVISIONS FOR LIABILITIES 8 (6,634 ) (2,186 )
NET ASSETS 32,689 32,409

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 32,588 32,308
32,689 32,409

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.

LC GLASS & GLAZING LIMITED (REGISTERED NUMBER: 13096492)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





L Clowes - Director


LC GLASS & GLAZING LIMITED (REGISTERED NUMBER: 13096492)

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

1. STATUTORY INFORMATION

LC Glass & Glazing 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

LC GLASS & GLAZING LIMITED (REGISTERED NUMBER: 13096492)

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

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 5,265 14,500 366 20,131
Additions 4,707 19,450 - 24,157
At 31 December 2023 9,972 33,950 366 44,288
DEPRECIATION
At 1 January 2023 183 4,037 87 4,307
Charge for year 1,282 4,669 92 6,043
At 31 December 2023 1,465 8,706 179 10,350
NET BOOK VALUE
At 31 December 2023 8,507 25,244 187 33,938
At 31 December 2022 5,082 10,463 279 15,824

LC GLASS & GLAZING LIMITED (REGISTERED NUMBER: 13096492)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 14,500
Additions 15,450
At 31 December 2023 29,950
DEPRECIATION
At 1 January 2023 4,037
Charge for year 4,440
At 31 December 2023 8,477
NET BOOK VALUE
At 31 December 2023 21,473
At 31 December 2022 10,463

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,857 30,349
VAT 1,236 -
Accrued income 960 1,150
Prepayments 1,882 509
47,935 32,008

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,715 3,625
Trade creditors 25,376 16,096
Tax 16,594 11,322
Social security and other taxes 1,388 1,040
VAT - 3,648
Other creditors - 2,000
Directors' loan accounts 829 1,171
Deferred income 18,165 8,878
Accrued expenses 1,000 1,000
70,067 48,780

LC GLASS & GLAZING LIMITED (REGISTERED NUMBER: 13096492)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 14,351 6,646

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,634 2,186

Deferred
tax
£   
Balance at 1 January 2023 2,186
Accelerated capital allowances 4,448
Balance at 31 December 2023 6,634

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L Clowes.