Company registration number: 04738061
Unaudited financial statements
for the year ended 31 March 2024
for
RBD Glass Limited
Pages for filing with the Registrar
Company registration number: 04738061
RBD Glass Limited
Balance sheet
as at 31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 1,034,547 974,009
Investments 5 1 1
1,034,548 974,010
Current assets
Stocks 36,590 47,551
Debtors 459,732 528,937
Cash at bank and in hand 884,160 867,142
1,380,482 1,443,630
Creditors: amounts falling due within
one year
(400,409) (595,513)
Net current assets 980,073 848,117
Total assets less current liabilities 2,014,621 1,822,127
Creditors: Amounts falling due after
more than one year
6 (190,418) (299,319)
Provisions for liabilities (155,520) (142,146)
NET ASSETS 1,668,683 1,380,662
Capital and reserves
Called up share capital 11 11
Other reserves 1 1
Profit and loss account 1,668,671 1,380,650
TOTAL EQUITY 1,668,683 1,380,662
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04738061
RBD Glass Limited
Balance sheet - continued
as at 31 March 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 20 November 2024 and signed on its behalf by:
Mr I Driver, Director
20 November 2024
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RBD Glass Limited
Notes to the financial statements
for the year ended 31 March 2024
1 Company information
RBD Glass Limited is a private company registered in England and Wales. Its registered number is 04738061. The company is ********. Its registered office is R B D Glass Ltd, Mercator Works, Great Yarmouth, Norfolk, NR30 3QL.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Short leasehold property - 2.13% straight line
Plant and machinery etc.:
Plant and machinery - 10% straight line
Fixtures & fittings - 10% straight line
Motor vehicles - 20% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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RBD Glass Limited
Notes to the financial statements - continued
for the year ended 31 March 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or lossover the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 13 (2023 - 12).
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RBD Glass Limited
Notes to the financial statements - continued
for the year ended 31 March 2024
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 April 2023 339,981 2,268,795 2,608,776
Additions - 225,814 225,814
At 31 March 2024 339,981 2,494,609 2,834,590
Depreciation
At 1 April 2023 128,641 1,506,126 1,634,767
Charge for year 7,233 158,043 165,276
At 31 March 2024 135,874 1,664,169 1,800,043
Net book value
At 31 March 2024 204,107 830,440 1,034,547
At 31 March 2023 211,340 762,669 974,009
5 Fixed asset investments
Investments other than loans
Other

investments
other than lo
£
Cost
At 1 April 2023 1
At 31 March 2024 1
Net book value
At 31 March 2024 1
At 31 March 2023 1
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RBD Glass Limited
Notes to the financial statements - continued
for the year ended 31 March 2024
6 Creditors: amounts falling due after more than five years
2024 2023
£ £
Repayable otherwise than by instalments
Bank loans 190,418 299,319
190,418 299,319
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