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REGISTERED NUMBER: 01340906 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Merstham Glass Limited

Merstham Glass Limited (Registered number: 01340906)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Merstham Glass Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: A Jacks
K Jacks





SECRETARY: K Jacks





REGISTERED OFFICE: 24 High Street
Merstham
Surrey
RH1 3EA





REGISTERED NUMBER: 01340906 (England and Wales)





ACCOUNTANTS: L J P Accounting Ltd
Barn Studios
Gaterounds
Parkgate Road
Newdigate
Surrey
RH5 5AJ

Merstham Glass Limited (Registered number: 01340906)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,221 151,658

CURRENT ASSETS
Stocks 54,348 66,189
Debtors 5 195,079 190,084
Cash at bank and in hand 117,289 106,154
366,716 362,427
CREDITORS
Amounts falling due within one year 6 393,234 363,092
NET CURRENT LIABILITIES (26,518 ) (665 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,703

150,993

CREDITORS
Amounts falling due after more than one
year

7

(29,960

)

(57,615

)

PROVISIONS FOR LIABILITIES (25,768 ) (24,984 )
NET ASSETS 38,975 68,394

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 38,865 68,284
SHAREHOLDERS' FUNDS 38,975 68,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





A Jacks - Director


Merstham Glass Limited (Registered number: 01340906)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Merstham Glass Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance, 10% on cost and 10% on 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.

Contracts uninvoiced at the year end are included within stock at the lower of cost or net realisable value or, where the contract is substantially complete, within debtors as amounts recoverable on contracts at their cost plus attributable profits less foreseeable losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax
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 have been enacted or substantively enacted by the year end 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 probable 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 loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Merstham Glass Limited (Registered number: 01340906)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 412,438
Additions 12,300
Disposals (23,051 )
At 30 April 2024 401,687
DEPRECIATION
At 1 May 2023 260,780
Charge for year 34,836
Eliminated on disposal (15,150 )
At 30 April 2024 280,466
NET BOOK VALUE
At 30 April 2024 121,221
At 30 April 2023 151,658

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 25,500
Transfer to ownership (25,500 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 17,431
Transfer to ownership (17,431 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 8,069

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 150,368 182,958
Other debtors 44,711 7,126
195,079 190,084

Merstham Glass Limited (Registered number: 01340906)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,655 32,911
Hire purchase contracts - 1,213
Trade creditors 176,696 204,653
Taxation and social security 105,526 62,834
Other creditors 83,357 61,481
393,234 363,092

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 29,960 57,615

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan - 5,255

The bank loan is secured by a fixed charge over the property used by the company, which is owned by R L Jacks and T B Jacks, former directors of the company, and a fixed and floating charge over the assets of the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
A Jacks and K Jacks
Balance outstanding at start of year - -
Amounts advanced 32,342 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,342 -

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Jacks.