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Company Registration No. 03745290 (England and Wales)
Wetherby Glass Limited Unaudited accounts for the year ended 31 May 2024
Wetherby Glass Limited Unaudited accounts Contents
Page
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Wetherby Glass Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,357 
36,246 
Current assets
Inventories
8,329 
16,852 
Debtors
40,884 
49,138 
Cash at bank and in hand
135,280 
165,443 
184,493 
231,433 
Creditors: amounts falling due within one year
(148,867)
(157,049)
Net current assets
35,626 
74,384 
Total assets less current liabilities
78,983 
110,630 
Creditors: amounts falling due after more than one year
(14,639)
(32,865)
Net assets
64,344 
77,765 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
64,244 
77,665 
Shareholders' funds
64,344 
77,765 
For the year ending 31 May 2024 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by
Paul Wilson Director Company Registration No. 03745290
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Wetherby Glass Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Wetherby Glass Limited is a private company, limited by shares, registered in England and Wales, registration number 03745290. The registered office is Victoria Glass Works, 6 Victoria Street, Wetherby, West Yorkshire, LS22 6RE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over life of lease
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance and straight line over the life of the lease
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
14,000 
At 31 May 2024
14,000 
Amortisation
At 1 June 2023
14,000 
At 31 May 2024
14,000 
Net book value
At 31 May 2024
- 
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Wetherby Glass Limited Notes to the Accounts for the year ended 31 May 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
40,093 
52,663 
46,047 
16,991 
6,642 
162,436 
Additions
- 
- 
18,450 
- 
- 
18,450 
At 31 May 2024
40,093 
52,663 
64,497 
16,991 
6,642 
180,886 
Depreciation
At 1 June 2023
31,284 
42,449 
30,847 
15,278 
6,332 
126,190 
Charge for the year
1,671 
1,532 
7,569 
257 
310 
11,339 
At 31 May 2024
32,955 
43,981 
38,416 
15,535 
6,642 
137,529 
Net book value
At 31 May 2024
7,138 
8,682 
26,081 
1,456 
- 
43,357 
At 31 May 2023
8,809 
10,214 
15,200 
1,713 
310 
36,246 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
7,971 
12,988 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
39,678 
47,932 
Accrued income and prepayments
1,206 
1,206 
40,884 
49,138 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,500 
10,000 
Obligations under finance leases and hire purchase contracts
8,029 
3,469 
Trade creditors
55,181 
81,859 
Taxes and social security
32,726 
24,201 
Other creditors
42,431 
37,520 
148,867 
157,049 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,639 
24,837 
Obligations under finance leases and hire purchase contracts
- 
8,028 
14,639 
32,865 
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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