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REGISTERED NUMBER: 07231796 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WEALDEN GLASS LTD

WEALDEN GLASS LTD (REGISTERED NUMBER: 07231796)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 2


WEALDEN GLASS LTD (REGISTERED NUMBER: 07231796)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,264 15,203

CURRENT ASSETS
Stocks 8,827 30,873
Debtors 5 113,794 105,615
Cash at bank 261,846 222,334
384,467 358,822
CREDITORS
Amounts falling due within one year 6 133,129 156,998
NET CURRENT ASSETS 251,338 201,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,602

217,027

PROVISIONS FOR LIABILITIES 7 5,450 2,950
NET ASSETS 268,152 214,077

CAPITAL AND RESERVES
Called up share capital 450 450
Retained earnings 267,702 213,627
268,152 214,077

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.

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 1 October 2024 and were signed on its behalf by:





Mr G R Morphew - Director


WEALDEN GLASS LTD (REGISTERED NUMBER: 07231796)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Wealden Glass Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07231796

Registered office: 3rd Floor
21 Perrymount Road
Haywards Heath
RH16 3TP

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

WEALDEN GLASS LTD (REGISTERED NUMBER: 07231796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 8,050 33,158 2,169 43,377
Additions 855 10,833 649 12,337
At 30 April 2024 8,905 43,991 2,818 55,714
DEPRECIATION
At 1 May 2023 4,703 22,015 1,456 28,174
Charge for year 891 4,140 245 5,276
At 30 April 2024 5,594 26,155 1,701 33,450
NET BOOK VALUE
At 30 April 2024 3,311 17,836 1,117 22,264
At 30 April 2023 3,347 11,143 713 15,203

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 103,240 97,103
Other debtors 10,554 8,512
113,794 105,615

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,584 32,402
Taxation and social security 44,708 50,924
Other creditors 59,837 73,672
133,129 156,998

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,450 2,950

Deferred
tax
£   
Balance at 1 May 2023 2,950
Provided during year 2,500
Balance at 30 April 2024 5,450