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Company Registration No. 13178688 (England and Wales)
Glass Arch Studio Ltd Unaudited accounts for the year ended 29 February 2024
Glass Arch Studio Ltd Unaudited accounts Contents
Page
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Glass Arch Studio Ltd Company Information for the year ended 29 February 2024
Directors
Ms. C Godfrey Mr. S Martin
Company Number
13178688 (England and Wales)
Registered Office
2 Parrock Road Gravesend DA12 1PZ England
Accountants
MCC Partners 1a Saddington Street Gravesend Kent DA12 1ED
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Glass Arch Studio Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,555 
26,979 
Current assets
Debtors
28,599 
28,503 
Cash at bank and in hand
32,752 
46,833 
61,351 
75,336 
Creditors: amounts falling due within one year
(14,397)
(17,422)
Net current assets
46,954 
57,914 
Net assets
71,509 
84,893 
Capital and reserves
Profit and loss account
71,509 
84,893 
Shareholders' funds
71,509 
84,893 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by
Ms. C Godfrey Director Company Registration No. 13178688
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Glass Arch Studio Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Glass Arch Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 13178688. The registered office is 2 Parrock Road, Gravesend, DA12 1PZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
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Glass Arch Studio Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
23,093 
8,325 
441 
10,055 
41,914 
Additions
5,090 
- 
1,743 
3,906 
10,739 
At 29 February 2024
28,183 
8,325 
2,184 
13,961 
52,653 
Depreciation
At 1 March 2023
5,773 
4,162 
- 
5,000 
14,935 
Charge for the year
7,046 
2,081 
546 
3,490 
13,163 
At 29 February 2024
12,819 
6,243 
546 
8,490 
28,098 
Net book value
At 29 February 2024
15,364 
2,082 
1,638 
5,471 
24,555 
At 28 February 2023
17,320 
4,163 
441 
5,055 
26,979 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,599 
28,503 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,202 
5,969 
Trade creditors
994 
- 
Taxes and social security
6,810 
7,729 
Loans from directors
2,391 
3,724 
14,397 
17,422 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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