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REGISTERED NUMBER: 06063246 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

JCL GLASS LIMITED

JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JCL GLASS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J P Archer
C J Archer
A Archer





REGISTERED OFFICE: Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS





REGISTERED NUMBER: 06063246 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,041,756 1,134,083

CURRENT ASSETS
Stocks 41,351 45,946
Debtors 5 849,821 870,332
Cash at bank 277,396 386,034
1,168,568 1,302,312
CREDITORS
Amounts falling due within one year 6 407,122 925,467
NET CURRENT ASSETS 761,446 376,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,803,202

1,510,928

CREDITORS
Amounts falling due after more than one
year

7

(441,469

)

(209,008

)

PROVISIONS FOR LIABILITIES (215,571 ) (149,655 )
NET ASSETS 1,146,162 1,152,265

CAPITAL AND RESERVES
Called up share capital 9 90 120
Capital redemption reserve 30 -
Retained earnings 1,146,042 1,152,145
SHAREHOLDERS' FUNDS 1,146,162 1,152,265

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)

BALANCE SHEET - continued
31 JANUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





A Archer - Director


JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)

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

1. STATUTORY INFORMATION

JCL Glass Limited is a private company, limited by shares, registered in England and Wales. Its registered office is Church View Chambers, 38 Market Square, Toddington, Dunstable, Bedfordshire, LU5 6BS.

Its principal place of business is Unit 1, Insignia Industrial Estate, Printer's End, Gatehouse Way, Aylesbury HP19 8DB.

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 and on a going concern basis.

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 each asset over its estimated useful life.
Plant and machinery - 18% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 18% 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 Statement of Income and Retained Earnings, 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.


JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 249 1,314,684 43,570 173,529 1,532,032
Additions 6,382 105,636 17,263 255 129,536
At 31 January 2024 6,631 1,420,320 60,833 173,784 1,661,568
DEPRECIATION
At 1 February 2023 2 266,221 16,244 115,482 397,949
Charge for year 164 200,366 10,880 10,453 221,863
At 31 January 2024 166 466,587 27,124 125,935 619,812
NET BOOK VALUE
At 31 January 2024 6,465 953,733 33,709 47,849 1,041,756
At 31 January 2023 247 1,048,463 27,326 58,047 1,134,083

JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 294,682 336,925
Amounts owed by group undertakings 532,776 403,520
Other debtors 22,363 129,887
849,821 870,332

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,162 9,912
Hire purchase contracts (see note 8) 110,271 39,948
Trade creditors 167,896 190,558
Taxation and social security 78,968 41,360
Other creditors 39,825 643,689
407,122 925,467

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,952 24,115
Hire purchase contracts (see note 8) 427,517 184,893
441,469 209,008

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after more than
5 years by instalments 13,952 24,115
13,952 24,115

JCL GLASS LIMITED (REGISTERED NUMBER: 06063246)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.24 31.1.23
£    £   
Net obligations repayable:
Within one year 110,271 39,948
Between one and five years 427,517 184,893
537,788 224,841

Non-cancellable operating leases
31.1.24 31.1.23
£    £   
Within one year 22,658 22,657
Between one and five years 3,776 26,434
26,434 49,091

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

31.1.24 31.1.23

Number:

Class:

Nominal
Value:

£   


£   
£1
90 Ordinary 90 90
30 Ordinary A - 30
90 120