Company Registration No. 10424042 (England and Wales)
Smashing Glass and Glazing Ltd
Unaudited accounts
for the year ended 31 October 2023
Smashing Glass and Glazing Ltd
Unaudited accounts
Contents
Smashing Glass and Glazing Ltd
Company Information
for the year ended 31 October 2023
Company Number
10424042 (England and Wales)
Registered Office
Suite 1 Christchurch House
Sir Thomas Longley Road
Rochester
Kent
ME2 4FX
Accountants
AK Tax & Accountancy Ltd
Suite 1 Christchurch House
Sir Thomas Longley Road
Rochester
Kent
ME24FX
Smashing Glass and Glazing Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
175,691
50,523
Cash at bank and in hand
15,053
(27,197)
Creditors: amounts falling due within one year
(182,575)
(57,005)
Net current assets
250,501
49,472
Total assets less current liabilities
426,192
99,995
Creditors: amounts falling due after more than one year
(332,740)
(96,624)
Called up share capital
100
100
Profit and loss account
93,352
3,271
Shareholders' funds
93,452
3,371
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 October 2024 and were signed on its behalf by
Mr J Henderson
Director
Company Registration No. 10424042
Smashing Glass and Glazing Ltd
Notes to the Accounts
for the year ended 31 October 2023
Smashing Glass and Glazing Ltd is a private company, limited by shares, registered in England and Wales, registration number 10424042. The registered office is Suite 1 Christchurch House, Sir Thomas Longley Road, Rochester, Kent, ME2 4FX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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% reducing balance
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
911
104,245
812
105,968
Additions
-
189,460
-
189,460
At 31 October 2023
911
293,705
812
295,428
At 1 November 2022
-
54,590
855
55,445
Charge for the year
-
63,916
376
64,292
At 31 October 2023
-
118,506
1,231
119,737
At 31 October 2023
911
175,199
(419)
175,691
At 31 October 2022
911
49,655
(43)
50,523
Smashing Glass and Glazing Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
66,904
57,126
Deferred tax asset
16,319
16,319
Other debtors
302,074
32,229
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
25,052
(11,276)
Obligations under finance leases and hire purchase contracts
7,017
15,683
Taxes and social security
32,665
50,234
Other creditors
49,209
2,364
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Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
58,191
24,828
Loans from directors
274,549
-
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).