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Registered Number: 09984331
England and Wales

 

 

 

MAX GLASS WINDOWS LIMITED


Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 28 February 2024
Directors Stephen Carl Hobson
Michelle Hobson Hobson
Registered Number 09984331
Registered Office 10 High Street
Yeadon
Leeds
West Yorkshire
LS19 7PP
Accountants UWM Accountants
UWM House
6 Fusion Court
Garforth
Leeds
LS25 5GH
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 35,630    37,251 
35,630    37,251 
Current assets      
Stocks 4 29,000    29,800 
Debtors 5 50,122    80,272 
Cash at bank and in hand 37,694    (341)
116,816    109,731 
Creditors: amount falling due within one year 6 (117,761)   (108,957)
Net current assets (945)   774 
 
Total assets less current liabilities 34,685    38,025 
Creditors: amount falling due after more than one year 7 (27,674)   (30,999)
Provisions for liabilities 8 (6,891)   (6,910)
Net assets 120    116 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 20    16 
Shareholders' funds 120    116 
 


For the year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 08 October 2024 and were signed on its behalf by:


-------------------------------
Stephen Carl Hobson
Director
2
General Information
Max Glass Windows Limited is a private company, limited by shares, registered in England and Wales, registration number 09984331, registration address 10 High Street, Yeadon, Leeds, West Yorkshire, LS19 7PP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 25% RB
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 6 (2023 : 6).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 March 2023 115,871    115,871 
Additions  
Disposals  
At 28 February 2024 115,871    115,871 
Depreciation
At 01 March 2023 60,505    60,505 
Charge for year 19,736    19,736 
On disposals  
At 28 February 2024 80,241    80,241 
Net book values
Closing balance as at 28 February 2024 35,630    35,630 
Opening balance as at 01 March 2023 37,251    37,251 


4.

Stocks

2024
£
  2023
£
Work in Progress 13,500    14,500 
Stocks 15,500    15,300 
29,000    29,800 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 26,636    38,702 
Other Debtors 23,486    41,570 
50,122    80,272 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Bank Loans & Overdrafts 9,968    10,174 
Taxation and Social Security 48,393    43,582 
Obligations under HP/Financial Leases 5,039    19,036 
Other Creditors 54,361    36,165 
117,761    108,957 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 13,397    23,158 
Obligations under HP/Financial Leases 14,277    7,841 
27,674    30,999 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 6,770    7,078 
Pension Provisions 121    (168)
6,891    6,910 

3