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REGISTERED NUMBER: 04733294 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

C.W. GLASS LIMITED

C.W. GLASS LIMITED (REGISTERED NUMBER: 04733294)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C.W. GLASS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: K G Welsh
D W Cannell





SECRETARY: D W Cannell





REGISTERED OFFICE: 2 Hapsford Road
Litherland
Liverpool
Merseyside
L21 6NP





REGISTERED NUMBER: 04733294 (England and Wales)





ACCOUNTANTS: Malthouse & Company Chartered Accountants
America House, Rumford Court
Rumford Place
Liverpool
Merseyside
L3 9DD

C.W. GLASS LIMITED (REGISTERED NUMBER: 04733294)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,503 18,967

CURRENT ASSETS
Stocks 3,250 3,250
Debtors 5 26,266 35,283
Cash at bank 71,677 78,009
101,193 116,542
CREDITORS
Amounts falling due within one year 6 53,541 60,175
NET CURRENT ASSETS 47,652 56,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,155

75,334

CREDITORS
Amounts falling due after more than one
year

7

(9,477

)

(14,029

)

PROVISIONS FOR LIABILITIES 8 (3,048 ) (3,597 )
NET ASSETS 46,630 57,708

C.W. GLASS LIMITED (REGISTERED NUMBER: 04733294)

BALANCE SHEET - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 46,530 57,608
SHAREHOLDERS' FUNDS 46,630 57,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 18 September 2024 and were signed on its behalf by:




D W Cannell - Director



K G Welsh - Director


C.W. GLASS LIMITED (REGISTERED NUMBER: 04733294)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

C.W. Glass 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.

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
Tangible fixed assets are stated at historic cost less accumulated depreciation and any impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures & fittings25% on reducing balance
Motor vehicles25% on reducing balance

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.


C.W. GLASS LIMITED (REGISTERED NUMBER: 04733294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 7,141 29,824 36,965
DEPRECIATION
At 1 April 2023 7,107 10,891 17,998
Charge for year 8 7,456 7,464
At 31 March 2024 7,115 18,347 25,462
NET BOOK VALUE
At 31 March 2024 26 11,477 11,503
At 31 March 2023 34 18,933 18,967

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 25,150 35,015
Other debtors 1,116 268
26,266 35,283

C.W. GLASS LIMITED (REGISTERED NUMBER: 04733294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 4,550 4,550
Trade creditors 7,083 12,078
Taxation and social security 22,753 23,998
Other creditors 19,155 19,549
53,541 60,175

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 9,477 14,029

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 3,048 3,597

Deferred
tax
£   
Balance at 1 April 2023 3,597
Credit to Income Statement during year (549 )
Balance at 31 March 2024 3,048

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary "A", "B", "C" & "D" £1 100 100

C.W. GLASS LIMITED (REGISTERED NUMBER: 04733294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CALLED UP SHARE CAPITAL - continued

The share capital split is as follows:

Ordinary "A" shares: 40 £1 shares
Ordinary "B" shares: 40 £1 shares
Ordinary "C" shares: 10 £1 shares
Ordinary "D" shares: 10 £1 shares

10. RESERVES
Retained
earnings
£   

At 1 April 2023 57,608
Profit for the year 43,462
Dividends (54,540 )
At 31 March 2024 46,530

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D W Cannell
Balance outstanding at start of year (8,024 ) (11,718 )
Amounts advanced 250 23,694
Amounts repaid (28 ) (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,802 ) (8,024 )

K G Welsh
Balance outstanding at start of year (9,150 ) (11,718 )
Amounts advanced 250 22,568
Amounts repaid (28 ) (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,928 ) (9,150 )

C.W. GLASS LIMITED (REGISTERED NUMBER: 04733294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


12. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by the directors.