Acorah Software Products - Accounts Production 15.0.600 false true 30 July 2023 31 July 2022 false 31 July 2023 30 July 2024 30 July 2024 10270285 Mr Jonathan Crew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10270285 2023-07-30 10270285 2024-07-30 10270285 2023-07-31 2024-07-30 10270285 frs-core:CurrentFinancialInstruments 2024-07-30 10270285 frs-core:Non-currentFinancialInstruments 2024-07-30 10270285 frs-core:PlantMachinery 2024-07-30 10270285 frs-core:PlantMachinery 2023-07-31 2024-07-30 10270285 frs-core:PlantMachinery 2023-07-30 10270285 frs-core:ShareCapital 2024-07-30 10270285 frs-core:RetainedEarningsAccumulatedLosses 2024-07-30 10270285 frs-bus:PrivateLimitedCompanyLtd 2023-07-31 2024-07-30 10270285 frs-bus:FilletedAccounts 2023-07-31 2024-07-30 10270285 frs-bus:SmallEntities 2023-07-31 2024-07-30 10270285 frs-bus:AuditExempt-NoAccountantsReport 2023-07-31 2024-07-30 10270285 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-31 2024-07-30 10270285 frs-bus:Director1 2023-07-31 2024-07-30 10270285 frs-countries:EnglandWales 2023-07-31 2024-07-30 10270285 2022-07-30 10270285 2023-07-30 10270285 2022-07-31 2023-07-30 10270285 frs-core:CurrentFinancialInstruments 2023-07-30 10270285 frs-core:Non-currentFinancialInstruments 2023-07-30 10270285 frs-core:ShareCapital 2023-07-30 10270285 frs-core:RetainedEarningsAccumulatedLosses 2023-07-30
Registered number: 10270285
121 Glass Merchants Ltd
Unaudited Financial Statements
For The Year Ended 30 July 2024
Jon Line Accountancy Limited
65, Bishopsworth Road
Bristol
BS13 7JW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10270285
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 619
1 619
CURRENT ASSETS
Stocks 5 2,020 480
Debtors 6 6,421 1,015
Cash at bank and in hand 1,897 2,083
10,338 3,578
Creditors: Amounts Falling Due Within One Year 7 (11,130 ) (6,015 )
NET CURRENT ASSETS (LIABILITIES) (792 ) (2,437 )
TOTAL ASSETS LESS CURRENT LIABILITIES (791 ) (1,818 )
Creditors: Amounts Falling Due After More Than One Year 8 (4 ) -
NET LIABILITIES (795 ) (1,818 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (796 ) (1,819 )
SHAREHOLDERS' FUNDS (795) (1,818)
Page 1
Page 2
For the year ending 30 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan Crew
Director
11th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
121 Glass Merchants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10270285 . The registered office is 73, Old Street, Clevedon, North Somerset, BS21 6BT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 31 July 2023 3,600
As at 30 July 2024 3,600
Depreciation
As at 31 July 2023 2,981
Provided during the period 618
As at 30 July 2024 3,599
Net Book Value
As at 30 July 2024 1
As at 31 July 2023 619
Page 3
Page 4
5. Stocks
2024 2023
£ £
Stock 2,020 480
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,421 1,015
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,604
Bank loans and overdrafts 1,900 2,723
Other taxes and social security 563 438
Other creditors 1,500 500
Accruals and deferred income 7,167 750
11,130 6,015
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 4 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4