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REGISTERED NUMBER: 04946376 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Glaze-Tec ( UK ) Ltd

Glaze-Tec ( UK ) Ltd (Registered number: 04946376)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glaze-Tec ( UK ) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Andrews
K Luff





SECRETARY:





REGISTERED OFFICE: Unit 5
Links House
Dundas Lane
Portsmouth
Hampshire
PO3 5BL





REGISTERED NUMBER: 04946376 (England and Wales)





ACCOUNTANTS: Curtis-Williams
Unit 5 Links House
Dundas Lane
Portsmouth
Hampshire
PO3 5BL

Glaze-Tec ( UK ) Ltd (Registered number: 04946376)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,963 30,233

CURRENT ASSETS
Stocks 6,949 7,712
Debtors 5 14,331 19,540
Cash at bank and in hand 207,123 139,480
228,403 166,732
CREDITORS
Amounts falling due within one year 6 94,792 78,317
NET CURRENT ASSETS 133,611 88,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,574

118,648

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 156,474 118,548
SHAREHOLDERS' FUNDS 156,574 118,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Glaze-Tec ( UK ) Ltd (Registered number: 04946376)

Balance Sheet - continued
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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:




M Andrews - Director



K Luff - Director


Glaze-Tec ( UK ) Ltd (Registered number: 04946376)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Glaze-Tec ( UK ) Ltd 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 80,549
Additions 229
At 31 March 2024 80,778
DEPRECIATION
At 1 April 2023 50,316
Charge for year 7,499
At 31 March 2024 57,815
NET BOOK VALUE
At 31 March 2024 22,963
At 31 March 2023 30,233

Glaze-Tec ( UK ) Ltd (Registered number: 04946376)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,757 14,621
Other debtors 4,574 4,919
14,331 19,540

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,133 26,553
Taxation and social security 51,136 30,930
Other creditors 20,523 20,834
94,792 78,317

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M Andrews
Balance outstanding at start of year (10,289 ) (29,360 )
Amounts advanced (553 ) 20,000
Amounts repaid - (929 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,842 ) (10,289 )

K Luff
Balance outstanding at start of year (8,845 ) (18,130 )
Amounts advanced - 10,000
Amounts repaid 1,402 (715 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,443 ) (8,845 )