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REGISTERED NUMBER: 08880648 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Middleton Glass Gwynedd Limited

Middleton Glass Gwynedd Limited (Registered number: 08880648)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Middleton Glass Gwynedd Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs J F Parton
C A Parton





SECRETARY:





REGISTERED OFFICE: Unit 1 Gwalia Industrial Estate
Gwalia Road
Tywyn
Gwynedd
LL36 9DH





REGISTERED NUMBER: 08880648 (England and Wales)





ACCOUNTANTS: Corfield Accountancy Limited
Chartered Accountants
Myrick House
Hendomen
Montgomery
Powys
SY15 6EZ

Middleton Glass Gwynedd Limited (Registered number: 08880648)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 5,000
Tangible assets 5 18,787 21,524
18,787 26,524

CURRENT ASSETS
Stocks 7,480 11,046
Debtors 6 17,244 16,630
Cash at bank 38,437 29,391
63,161 57,067
CREDITORS
Amounts falling due within one year 7 73,802 71,673
NET CURRENT LIABILITIES (10,641 ) (14,606 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,146

11,918

CREDITORS
Amounts falling due after more than one
year

8

6,685

10,059
NET ASSETS 1,461 1,859

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,361 1,759
1,461 1,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Middleton Glass Gwynedd Limited (Registered number: 08880648)

Balance Sheet - continued
30 April 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 18 September 2024 and were signed on its behalf by:




C A Parton - Director



Mrs J F Parton - Director


Middleton Glass Gwynedd Limited (Registered number: 08880648)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Middleton Glass Gwynedd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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 - 25% on cost and 10% on cost

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.

Middleton Glass Gwynedd Limited (Registered number: 08880648)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

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

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 50,000
AMORTISATION
At 1 May 2023 45,000
Charge for year 5,000
At 30 April 2024 50,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 5,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 29,638
Additions 1,000
At 30 April 2024 30,638
DEPRECIATION
At 1 May 2023 8,114
Charge for year 3,737
At 30 April 2024 11,851
NET BOOK VALUE
At 30 April 2024 18,787
At 30 April 2023 21,524

Middleton Glass Gwynedd Limited (Registered number: 08880648)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 9,475 10,285
Other debtors 7,769 6,345
17,244 16,630

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 4,320 4,392
Trade creditors 34,281 35,654
Taxation and social security 13,719 5,544
Other creditors 21,482 26,083
73,802 71,673

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 6,685 10,059

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
C A Parton
Balance outstanding at start of year 5,591 -
Amounts advanced - 5,591
Amounts repaid (5,591 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,591

The overdrawn balance was repaid in full on 6th December 2023.