BROMPTON GLASS LIMITED

Company Registration Number:
02633588 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

BROMPTON GLASS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

BROMPTON GLASS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 37,928 45,991
Total fixed assets: 37,928 45,991
Current assets
Stocks: 10,320 10,115
Debtors:   30,490 24,365
Cash at bank and in hand: 976,272 865,318
Total current assets: 1,017,082 899,798
Creditors: amounts falling due within one year: 4 (182,576) (150,710)
Net current assets (liabilities): 834,506 749,088
Total assets less current liabilities: 872,434 795,079
Creditors: amounts falling due after more than one year: 5 (21,907) (31,029)
Provision for liabilities: (9,482) (8,559)
Total net assets (liabilities): 841,045 755,491
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 841,043 755,489
Shareholders funds: 841,045 755,491

The notes form part of these financial statements

BROMPTON GLASS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 September 2024
and signed on behalf of the board by:

Name: T R Howell
Status: Director

The notes form part of these financial statements

BROMPTON GLASS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, VAT and other sales taxes.

Tangible fixed assets and depreciation policy

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: Motor vehicles - 25% on reducing balance Fixtures fittings and equipment - 15% on reducing balance

Valuation and information policy

Stocks Stocks have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies

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. Deferred taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. Hire purchase and leasing commitments Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments. Pension costs The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

BROMPTON GLASS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

BROMPTON GLASS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 72,910
Additions 3,019
At 31 March 2024 75,929
Depreciation
At 01 April 2023 26,919
Charge for year 11,082
At 31 March 2024 38,001
Net book value
At 31 March 2024 37,928
At 31 March 2023 45,991

BROMPTON GLASS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

31.3.24 VAT 25209 Obligations under finance leases and hire purchase contracts 9124 Trade creditors 34520 Taxes and social security 69683 Other creditors 26644 Loans from directors 6191 Accruals 11205 £ 182576 31.3.23 VAT 21477 Obligations under finance leases and hire purchase contracts 9124 Trade creditors 36894 Taxes and social security 52189 Other creditors - Loans from directors 25883 Accruals 5143 £ 150710

BROMPTON GLASS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

31.3.24 Obligations under finance lease and hire purchase contracts £ 21907 31.3.23 Obligations under finance lease and hire purchase contracts £ 31029