Registered number
11147438
Silver Sand Glazing Ltd
Filleted Accounts
31 January 2024
Silver Sand Glazing Ltd
Registered number: 11147438
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,108 31,423
Current assets
Stocks - 454,654
Debtors 4 32,680 47,949
Cash at bank and in hand 167,972 20,215
200,652 522,818
Creditors: amounts falling due within one year 5 (168,802) (438,203)
Net current assets 31,850 84,615
Total assets less current liabilities 54,958 116,038
Creditors: amounts falling due after more than one year 6 (24,642) (34,382)
Net assets 30,316 81,656
Capital and reserves
Called up share capital 1 1
Profit and loss account 30,315 81,655
Shareholders' funds 30,316 81,656
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Hughes
Director
Approved by the board on 17 September 2024
Silver Sand Glazing Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight-line
Motor vehicles 20% straight-line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 206 61,422 61,628
Additions - 4,000 4,000
At 31 January 2024 206 65,422 65,628
Depreciation
At 1 February 2023 84 30,121 30,205
Charge for the year 42 12,273 12,315
At 31 January 2024 126 42,394 42,520
Net book value
At 31 January 2024 80 23,028 23,108
At 31 January 2023 122 31,301 31,423
4 Debtors 2024 2023
£ £
Trade debtors 4,689 -
Other debtors 27,991 47,949
32,680 47,949
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 108,674
Obligations under finance lease and hire purchase contracts 1,365 17,374
Trade creditors 114,994 2,950
Taxation and social security costs 52,443 52,514
Other creditors - 256,691
168,802 438,203
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,642 34,382
7 Other information
Silver Sand Glazing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Office 20
203-205 Charminster Road
Bournemouth
Dorset
BH8 9QQ
Silver Sand Glazing Ltd 11147438 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts July 2024 J Hughes No description of principal activity 11147438 2022-02-01 2023-01-31 11147438 core:WithinOneYear 2023-01-31 11147438 core:AfterOneYear 2023-01-31 11147438 core:ShareCapital 2023-01-31 11147438 core:RetainedEarningsAccumulatedLosses 2023-01-31 11147438 2023-02-01 2024-01-31 11147438 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11147438 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11147438 bus:Director40 2023-02-01 2024-01-31 11147438 1 2023-02-01 2024-01-31 11147438 2 2023-02-01 2024-01-31 11147438 core:PlantMachinery 2023-02-01 2024-01-31 11147438 core:Vehicles 2023-02-01 2024-01-31 11147438 countries:England 2023-02-01 2024-01-31 11147438 bus:FRS102 2023-02-01 2024-01-31 11147438 bus:FilletedAccounts 2023-02-01 2024-01-31 11147438 2024-01-31 11147438 core:WithinOneYear 2024-01-31 11147438 core:AfterOneYear 2024-01-31 11147438 core:ShareCapital 2024-01-31 11147438 core:RetainedEarningsAccumulatedLosses 2024-01-31 11147438 core:PlantMachinery 2024-01-31 11147438 core:Vehicles 2024-01-31 11147438 2023-01-31 11147438 core:PlantMachinery 2023-01-31 11147438 core:Vehicles 2023-01-31 iso4217:GBP xbrli:pure