Registered number
13086627
Architectural Glazing Installations Ltd
Filleted Accounts
31 March 2024
Architectural Glazing Installations Ltd
Registered number: 13086627
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,593 20,475
Current assets
Debtors 4 24,401 21,020
Cash at bank and in hand - 35
24,401 21,055
Creditors: amounts falling due within one year 5 (30,977) (14,706)
Net current (liabilities)/assets (6,576) 6,349
Total assets less current liabilities 12,017 26,824
Creditors: amounts falling due after more than one year 6 (8,050) (12,250)
Net assets 3,967 14,574
Capital and reserves
Called up share capital 2 2
Profit and loss account 3,965 14,572
Shareholders' funds 3,967 14,574
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.
Mr J Martin
Director
Approved by the board on 23 October 2024
Architectural Glazing Installations Ltd
Notes to the Accounts
for the year ended 31 March 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 basis
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2023 21,000
Additions 2,250
At 31 March 2024 23,250
Depreciation
At 1 April 2023 525
Charge for the year 4,132
At 31 March 2024 4,657
Net book value
At 31 March 2024 18,593
At 31 March 2023 20,475
4 Debtors 2024 2023
£ £
Trade debtors 21,219 4,313
Other debtors 3,182 16,707
24,401 21,020
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 733 -
Obligations under finance lease and hire purchase contracts 4,200 4,200
Trade creditors 11,886 210
Taxation and social security costs 8,157 2,341
Other creditors 6,001 7,955
30,977 14,706
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 8,050 12,250
7 Other information
Architectural Glazing Installations Ltd is a private company limited by shares and incorporated in England. Its registered office is:
117 Copse Road
Dudley
West Midlands
DY2 0AJ
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