IRIS Accounts Production v24.3.2.46 03118035 director 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031180352023-07-31031180352024-07-31031180352023-08-012024-07-31031180352022-07-31031180352022-08-012023-07-31031180352023-07-3103118035ns15:EnglandWales2023-08-012024-07-3103118035ns14:PoundSterling2023-08-012024-07-3103118035ns10:Director12023-08-012024-07-3103118035ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3103118035ns10:SmallEntities2023-08-012024-07-3103118035ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3103118035ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3103118035ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3103118035ns10:FullAccounts2023-08-012024-07-3103118035ns10:OrdinaryShareClass12023-08-012024-07-3103118035ns10:OrdinaryShareClass22023-08-012024-07-3103118035ns10:RegisteredOffice2023-08-012024-07-3103118035ns5:CurrentFinancialInstruments2024-07-3103118035ns5:CurrentFinancialInstruments2023-07-3103118035ns5:Non-currentFinancialInstruments2024-07-3103118035ns5:Non-currentFinancialInstruments2023-07-3103118035ns5:ShareCapital2024-07-3103118035ns5:ShareCapital2023-07-3103118035ns5:RetainedEarningsAccumulatedLosses2024-07-3103118035ns5:RetainedEarningsAccumulatedLosses2023-07-3103118035ns5:LandBuildings2023-08-012024-07-3103118035ns5:PlantMachinery2023-08-012024-07-3103118035ns5:LandBuildings2023-07-3103118035ns5:PlantMachinery2023-07-3103118035ns5:LandBuildings2024-07-3103118035ns5:PlantMachinery2024-07-3103118035ns5:LandBuildings2023-07-3103118035ns5:PlantMachinery2023-07-3103118035ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3103118035ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3103118035ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-07-3103118035ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-07-3103118035ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-07-3103118035ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-07-3103118035ns5:HirePurchaseContracts2024-07-3103118035ns5:HirePurchaseContracts2023-07-3103118035ns5:Secured2024-07-3103118035ns5:Secured2023-07-3103118035ns10:OrdinaryShareClass12024-07-3103118035ns10:OrdinaryShareClass22024-07-31
REGISTERED NUMBER: 03118035 (England and Wales)















TRADEGLAZE (LINCOLN) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






TRADEGLAZE (LINCOLN) LIMITED (REGISTERED NUMBER: 03118035)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


TRADEGLAZE (LINCOLN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: J Wetherall





REGISTERED OFFICE: 16 Bishops Road
Off Outer Circle Road
Lincoln
Lincolnshire
LN2 4JZ





REGISTERED NUMBER: 03118035 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

TRADEGLAZE (LINCOLN) LIMITED (REGISTERED NUMBER: 03118035)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 838,244 745,495

CURRENT ASSETS
Inventories 198,933 226,968
Debtors 5 3,778,902 3,425,129
Cash at bank and in hand 675,651 421,654
4,653,486 4,073,751
CREDITORS
Amounts falling due within one year 6 2,218,920 1,809,394
NET CURRENT ASSETS 2,434,566 2,264,357
TOTAL ASSETS LESS CURRENT LIABILITIES 3,272,810 3,009,852

CREDITORS
Amounts falling due after more than one year 7 (162,348 ) (333,636 )

PROVISIONS FOR LIABILITIES (188,104 ) (169,816 )
NET ASSETS 2,922,358 2,506,400

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 2,922,258 2,506,300
SHAREHOLDERS' FUNDS 2,922,358 2,506,400

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 December 2024 and were signed by:





J Wetherall - Director


TRADEGLAZE (LINCOLN) LIMITED (REGISTERED NUMBER: 03118035)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Tradeglaze (Lincoln) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of uPVC and aluminium windows, doors and associated products is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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 - 4% on cost and Straight line over 15 years
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and Straight line over 15 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

TRADEGLAZE (LINCOLN) LIMITED (REGISTERED NUMBER: 03118035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.


Rentals paid under operating leases are charged to income statement 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 income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2023 - 62 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 136,454 1,180,440 1,316,894
Additions - 206,671 206,671
Disposals - (35,507 ) (35,507 )
At 31 July 2024 136,454 1,351,604 1,488,058
DEPRECIATION
At 1 August 2023 31,200 540,199 571,399
Charge for year 8,184 101,635 109,819
Eliminated on disposal - (31,404 ) (31,404 )
At 31 July 2024 39,384 610,430 649,814
NET BOOK VALUE
At 31 July 2024 97,070 741,174 838,244
At 31 July 2023 105,254 640,241 745,495


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 674,020 684,752
Amounts owed by group undertakings 2,254,134 2,203,350
Amounts owed by associates 423,839 69,750
Other debtors 426,909 467,277
3,778,902 3,425,129

TRADEGLAZE (LINCOLN) LIMITED (REGISTERED NUMBER: 03118035)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts - 125,000
Hire purchase contracts (see note 8) 103,351 114,047
Trade creditors 676,669 707,139
Taxation and social security 103,551 64,962
Other creditors 1,335,349 798,246
2,218,920 1,809,394

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 94,558
Hire purchase contracts (see note 8) 162,348 239,078
162,348 333,636

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 103,351 114,047
Between one and five years 162,348 239,078
265,699 353,125

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans - 219,558
Hire purchase contracts 265,699 353,125
265,699 572,683

Hire purchase liabilities are secured on the assets to which they relate. Invoice finance liabilities are secured on the trade debtors to which they relate. The bank loan is a coronavirus business loan which is supported by the government who will pay the interest for the first twelve months.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
94 Ordinary A £1 94 94
6 Ordinary B £1 6 6
100 100