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Company Registration No. 12819865 (England and Wales)
SCULPTGLASS LIMITED Unaudited accounts for the year ended 31 March 2024
SCULPTGLASS LIMITED Unaudited accounts Contents
Page
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SCULPTGLASS LIMITED Company Information for the year ended 31 March 2024
Directors
Paul Critchley Maxine Tregoning
Company Number
12819865 (England and Wales)
Registered Office
ARRETON BARNS CRAFT VILLAGE MAIN ROAD ARRETON NEWPORT PO30 3AA ENGLAND
Accountants
Tanners Tax Accountants Steward House 14 Commercial Way Woking Surrey GU21 6ET
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SCULPTGLASS LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,996 
9,559 
Current assets
Inventories
30,996 
24,087 
Debtors
7,297 
6,238 
Cash at bank and in hand
15,228 
11,765 
53,521 
42,090 
Creditors: amounts falling due within one year
(21,843)
(35,686)
Net current assets
31,678 
6,404 
Total assets less current liabilities
39,674 
15,963 
Provisions for liabilities
Deferred tax
- 
(164)
Net assets
39,674 
15,799 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
39,574 
15,699 
Shareholders' funds
39,674 
15,799 
For the year ending 31 March 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 23 December 2024 and were signed on its behalf by
Paul Critchley Director Company Registration No. 12819865
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SCULPTGLASS LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SCULPTGLASS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12819865. The registered office is ARRETON BARNS CRAFT VILLAGE MAIN ROAD, ARRETON, NEWPORT, PO30 3AA, 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% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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SCULPTGLASS LIMITED Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
12,285 
280 
12,565 
Additions
983 
- 
983 
At 31 March 2024
13,268 
280 
13,548 
Depreciation
At 1 April 2023
2,942 
64 
3,006 
Charge for the year
2,492 
54 
2,546 
At 31 March 2024
5,434 
118 
5,552 
Net book value
At 31 March 2024
7,834 
162 
7,996 
At 31 March 2023
9,343 
216 
9,559 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
552 
3,627 
Accrued income and prepayments
1,255 
1,861 
Other debtors
5,490 
750 
7,297 
6,238 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,008 
12,660 
Trade creditors
4,909 
4,260 
Taxes and social security
11,000 
6,892 
Other creditors
- 
471 
Loans from directors
2,262 
6,403 
Accruals
1,664 
5,000 
21,843 
35,686 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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