GLASS NORTHWEST LTD

Company Registration Number:
14550742 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 20 December 2022

End date: 31 December 2023

GLASS NORTHWEST LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 11

GLASS NORTHWEST LTD

Company Information

for the Period Ended 31 December 2023




Director: Christopher Wiggins
Secretary: Michael Wilson
Registered office: Unit 3 & 4
West Float
Dock Road
Birkenhead
Merseyside
GBR
CH41 1AE
Company Registration Number: 14550742 (England and Wales)

GLASS NORTHWEST LTD

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal Activities

The company's principal activity during the period was the manufacture and distribution of glass products, primarily for the Windows and Doors Industry.

Directors

The director(s) shown below were appointed to the company during the period
Christopher Wiggins
20 December 2022

Secretary
Michael Wilson

This report was approved by the board of directors on 18 September 2024
And Signed On Behalf Of The Board By:

Name: Christopher Wiggins
Status: Director

GLASS NORTHWEST LTD

Balance sheet

As at 31 December 2023


Notes

2023
£
Fixed assets
Tangible assets: 5 97,028
Total fixed assets: 97,028
Current assets
Stocks: 54,391
Debtors: 6 183,145
Cash at bank and in hand: 18,452
Total current assets: 255,988
Creditors: amounts falling due within one year: 7 ( 214,788 )
Net current assets (liabilities): 41,200
Total assets less current liabilities: 138,228
Creditors: amounts falling due after more than one year: 8 ( 171,822 )
Total net assets (liabilities): ( 33,594 )

The notes form part of these financial statements

GLASS NORTHWEST LTD

Balance sheet continued

As at 31 December 2023


Notes

2023
£
Capital and reserves
Called up share capital: 1
Profit and loss account: ( 33,595 )
Shareholders funds: ( 33,594 )

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 September 2024
And Signed On Behalf Of The Board By:

Name: Christopher Wiggins
Status: Director

The notes form part of these financial statements

GLASS NORTHWEST LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represents amounts receivable for goods and services net of VAT and trade discounts

    Tangible fixed assets depreciation policy

    No Depreciation recorded this Financial year as all the Tangible Assets where purchased within the period and hold their Net Book Value.

    Valuation information and policy

    Stocks and work in progress are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving items. Cost includes all direct expenditure and overheads

GLASS NORTHWEST LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023
    Average number of employees during the period 21

GLASS NORTHWEST LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

GLASS NORTHWEST LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Dividends


2023
£
Dividends paid 0

GLASS NORTHWEST LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Tangible Assets

Total
Cost £
Additions 102,028
Disposals (5,000)
Revaluations -
Transfers -
At 31 December 2023 97,028
Depreciation
Charge for year -
On disposals -
Other adjustments -
At 31 December 2023 -
Net book value
At 31 December 2023 97,028

Depreciation not accounted for as the majority of fixed assets are only a couple of months old at the time of reporting, therefore will have held their Net book value.

GLASS NORTHWEST LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 6. Debtors

    All Trade Debtors driven by company sales.

GLASS NORTHWEST LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

Trade creditors and live liabilities becoming due for payment.

GLASS NORTHWEST LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due after more than one year note

Director loan of £50,822 invested into the company during the financial year
Loans of £121,000 secured for establishment and initial start-up costs of the business and stock/equipment purchases.