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
Wetherby Glass Limited
Statement of financial position
as at 31 May 2024
Tangible assets
43,357
36,246
Cash at bank and in hand
135,280
165,443
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)
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
Wetherby Glass Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
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
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
7,971
12,988
Amounts falling due within one year
Trade debtors
39,678
47,932
Accrued income and prepayments
1,206
1,206
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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
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
8,028
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).