Glas-Craft (U.K.) Limited |
Registered Number:02325396 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
Glas-Craft (U.K.) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Glas-Craft (U.K.) Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
72,213
105,285
2
72,213
105,285
483,146
500,127
3
Trade and other receivables |
466,841
404,192
4
394,516
Cash and cash equivalents |
434,862
1,339,181
1,344,503
Trade and other payables: amounts falling due within one |
year |
(264,928)
(280,898)
5
1,079,575
1,058,283
Net current assets
Total assets less current liabilities |
1,130,496
1,184,860
1,130,496
Net assets
1,184,860
100
100
1,130,396
1,184,760
1,130,496
1,184,860
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mrs S Hallsworth Director |
These financial statements were approved and authorised for issue by the Board on 12 June 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
Glas-Craft (U.K.) Limited
Notes to the Financial Statements
Statutory Information
Glas-Craft (U.K.) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 02325396. |
143 Turton Road
Tottington
Bury
Lancashire
BL8 3QA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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For the year ended 31 December 2023
Glas-Craft (U.K.) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
402,944
58,224
61,293
172,521
110,906
11,718
2,118
-
9,600
-
182,121
61,293
60,342
414,662
110,906
Provision for depreciation and impairment |
297,659
50,849
53,527
89,690
103,593
Charge for year
44,790
3,568
2,460
35,322
3,440
342,449
54,417
55,987
125,012
107,033
3,873
57,109
5,306
5,925
72,213
7,313
82,831
7,766
7,375
105,285
2022
2023
500,127
483,146
4. Trade and other receivables |
2022
2023
279,084
453,413
125,108
13,428
466,841
404,192
5. Trade and other payables: amounts falling due within one year |
2022
2023
174,273
119,753
Taxation and social security |
86,817
132,571
19,808
12,604
280,898
264,928
6. Average number of persons employed |
During the year the average number of employees was 10 (2022 : 9)
3 of 4
For the year ended 31 December 2023
Glas-Craft (U.K.) Limited
Notes to the Financial Statements Continued
4 of 4