Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truefalse2023-05-01No description of principal activity1514trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01049885 2023-05-01 2024-04-30 01049885 2022-05-01 2023-04-30 01049885 2024-04-30 01049885 2023-04-30 01049885 c:Director2 2023-05-01 2024-04-30 01049885 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 01049885 d:PlantMachinery 2023-05-01 2024-04-30 01049885 d:PlantMachinery 2024-04-30 01049885 d:PlantMachinery 2023-04-30 01049885 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01049885 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 01049885 d:MotorVehicles 2023-05-01 2024-04-30 01049885 d:MotorVehicles 2024-04-30 01049885 d:MotorVehicles 2023-04-30 01049885 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01049885 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 01049885 d:FurnitureFittings 2023-05-01 2024-04-30 01049885 d:FurnitureFittings 2024-04-30 01049885 d:FurnitureFittings 2023-04-30 01049885 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01049885 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 01049885 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01049885 d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 01049885 d:CurrentFinancialInstruments 2024-04-30 01049885 d:CurrentFinancialInstruments 2023-04-30 01049885 d:Non-currentFinancialInstruments 2024-04-30 01049885 d:Non-currentFinancialInstruments 2023-04-30 01049885 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 01049885 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 01049885 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 01049885 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 01049885 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 01049885 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 01049885 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 01049885 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 01049885 d:ShareCapital 2024-04-30 01049885 d:ShareCapital 2023-04-30 01049885 d:RetainedEarningsAccumulatedLosses 2024-04-30 01049885 d:RetainedEarningsAccumulatedLosses 2023-04-30 01049885 c:FRS102 2023-05-01 2024-04-30 01049885 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01049885 c:FullAccounts 2023-05-01 2024-04-30 01049885 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01049885 d:WithinOneYear 2024-04-30 01049885 d:WithinOneYear 2023-04-30 01049885 2 2023-05-01 2024-04-30 01049885 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-30 01049885 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-30 01049885 d:LeasedAssetsHeldAsLessee 2024-04-30 01049885 d:LeasedAssetsHeldAsLessee 2023-04-30 01049885 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 01049885









SHARD END GLASS & GLAZING CO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
SHARD END GLASS & GLAZING CO LIMITED
REGISTERED NUMBER: 01049885

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
56,539
66,129

  
56,539
66,129

Current assets
  

Stocks
 5 
46,315
45,524

Debtors: amounts falling due within one year
 6 
232,614
211,492

Cash at bank and in hand
 7 
69,857
50,997

  
348,786
308,013

Creditors: amounts falling due within one year
 8 
(165,369)
(144,952)

Net current assets
  
 
 
183,417
 
 
163,061

Total assets less current liabilities
  
239,956
229,190

Creditors: amounts falling due after more than one year
 9 
(10,787)
(31,613)

Provisions for liabilities
  

Deferred tax
  
(14,000)
(16,500)

  
 
 
(14,000)
 
 
(16,500)

Net assets
  
215,169
181,077


Capital and reserves
  

Called up share capital 
  
502
502

Profit and loss account
  
214,667
180,575

  
215,169
181,077


Page 1

 
SHARD END GLASS & GLAZING CO LIMITED
REGISTERED NUMBER: 01049885
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



M T Rogers
Director
Date: 28 October 2024


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SHARD END GLASS & GLAZING CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Shard End Glass & Glazing Co Limited (the company) is a limited liability company incorporated and domiciled in the United Kingdom. 
The address of its registered office is: 
Unit 70 Birch Road East
Witton
Birmingham
B6 7DB
The principal activity of the company is that of glass and glazing installers.
The financial statements have been prepared on a going concern basis under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 30 April 2024 (2023: year ended 30 April 2023).
The following principal accounting policies have been applied:

2.Accounting policies

 
2.1

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SHARD END GLASS & GLAZING CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.2

Operating leases

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

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
SHARD END GLASS & GLAZING CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance method.

Depreciation is provided on the following basis:

Short term leasehold property
-
over term of the lease
Plant and machinery
-
20% straight line
Motor vehicles
-
25% reducing balance
Office equipment
-
33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
SHARD END GLASS & GLAZING CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. 


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 14).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
108,458
146,923
21,795
277,176


Additions
4,738
4,462
816
10,016


Disposals
(23,988)
-
(640)
(24,628)



At 30 April 2024

89,208
151,385
21,971
262,564



Depreciation


At 1 May 2023
107,446
81,806
21,795
211,047


Charge for the year on owned assets
1,929
10,491
272
12,692


Charge for the year on financed assets
-
6,914
-
6,914


Disposals
(23,988)
-
(640)
(24,628)



At 30 April 2024

85,387
99,211
21,427
206,025



Net book value



At 30 April 2024
3,821
52,174
544
56,539



At 30 April 2023
1,012
65,117
-
66,129

Page 6

 
SHARD END GLASS & GLAZING CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
20,744
27,658

20,744
27,658


5.


Stocks

2024
2023
£
£

Raw materials and consumables
46,315
45,524

46,315
45,524



6.


Debtors

2024
2023
£
£


Trade debtors
207,388
190,242

Other debtors
467
3,134

Prepayments and accrued income
24,759
18,116

232,614
211,492



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
69,857
50,997

69,857
50,997


Page 7

 
SHARD END GLASS & GLAZING CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
85,035
61,996

Corporation tax
16,500
6,453

Other taxation and social security
29,315
38,127

Obligations under finance lease and hire purchase contracts
11,756
10,809

Other creditors
7,113
165

Accruals and deferred income
5,650
17,402

165,369
144,952



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,787
18,878

Net obligations under finance leases and hire purchase contracts
-
12,735

10,787
31,613


Net obligations under finance leases and hire purchase contracts amounting to £11,756 (2023: £23,544) are secured against the assets to which they relate. 
The bank loan is unsecured and bears interest at 2.5% above base rate.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Amounts falling due within one year
10,000
10,000

Amount falling due 1-2 years
10,787
10,000

Amounts falling due 2-5 years
-
8,878


20,787
28,878


Page 8

 
SHARD END GLASS & GLAZING CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Pension commitments

The Company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the funds and amounted to £8,321 (2023: £6,908). Contributions totalling £701 (2023: £Nil) were payable to the funds at the balance sheet date and are included in creditors.


12.


Commitments under operating leases

At 30 April 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
24,500
25,280

24,500
25,280


13.


Related party transactions

Dividends of £18,000 (2023: £7,750) were paid to a director during the period.

 
Page 9