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REGISTERED NUMBER: 03690078 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Specialist Toughened Glass Ltd.

Specialist Toughened Glass Ltd. (Registered number: 03690078)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Specialist Toughened Glass Ltd.

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs C Clayton
R Clayton
A Clayton





SECRETARY: R Clayton





REGISTERED OFFICE: Wendover Road
Rackheath
Norwich
Norfolk
NR13 6LH





REGISTERED NUMBER: 03690078 (England and Wales)





ACCOUNTANTS: JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Specialist Toughened Glass Ltd.


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Specialist Toughened Glass Ltd. for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Specialist Toughened Glass Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Specialist Toughened Glass Ltd. and state those matters that we have agreed to state to the Board of Directors of Specialist Toughened Glass Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Specialist Toughened Glass Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Specialist Toughened Glass Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Specialist Toughened Glass Ltd.. You consider that Specialist Toughened Glass Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Specialist Toughened Glass Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA


18 October 2024

Specialist Toughened Glass Ltd. (Registered number: 03690078)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 594,951 547,918

CURRENT ASSETS
Stocks 80,706 91,386
Debtors 5 272,450 226,057
Cash at bank 20,510 39,017
373,666 356,460
CREDITORS
Amounts falling due within one year 6 646,912 473,743
NET CURRENT LIABILITIES (273,246 ) (117,283 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,705

430,635

CREDITORS
Amounts falling due after more than one
year

7

(115,190

)

(90,417

)

ACCRUALS AND DEFERRED INCOME (24,683 ) (32,910 )
NET ASSETS 181,832 307,308

CAPITAL AND RESERVES
Called up share capital 700,002 700,002
Retained earnings (518,170 ) (392,694 )
SHAREHOLDERS' FUNDS 181,832 307,308

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.

Specialist Toughened Glass Ltd. (Registered number: 03690078)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:




R Clayton - Director



A Clayton - Director


Specialist Toughened Glass Ltd. (Registered number: 03690078)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Specialist Toughened Glass Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost and 10% on cost

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.

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.

Specialist Toughened Glass Ltd. (Registered number: 03690078)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over the estimated useful life. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Government grants
Government grants are accounted for using the performance model. They are credited to the profit and loss when all the conditions attached to the grant have been met.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 1,343,443
Additions 172,550
At 31 January 2024 1,515,993
DEPRECIATION
At 1 February 2023 795,525
Charge for year 125,517
At 31 January 2024 921,042
NET BOOK VALUE
At 31 January 2024 594,951
At 31 January 2023 547,918

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 118,664 142,671
Amounts owed by group undertakings 82,720 43,279
Amounts recoverable on contract 42,037 21,521
Other debtors 29,029 18,586
272,450 226,057

Specialist Toughened Glass Ltd. (Registered number: 03690078)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 35,000 35,000
Hire purchase contracts (see note 8) 15,939 -
Trade creditors 138,422 161,979
Amounts owed to group undertakings 183,742 28,993
Taxation and social security 51,074 55,414
Other creditors 222,735 192,357
646,912 473,743

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 55,417 90,417
Hire purchase contracts (see note 8) 59,773 -
115,190 90,417

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 15,939 -
Between one and five years 59,773 -
75,712 -

Non-cancellable operating leases
31.1.24 31.1.23
£    £   
Within one year 103,800 103,800
Between one and five years 8,650 112,450
112,450 216,250

Specialist Toughened Glass Ltd. (Registered number: 03690078)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 90,417 125,417
Hire purchase contracts 75,712 -
166,129 125,417

Obligations under hire purchase agreements are secured on the assets acquired.

The bank loan is secured by a debenture over the assets of the company.