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REGISTERED NUMBER: 09144680 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30th April 2024

for

Glass Decorative Colours Limited

Glass Decorative Colours Limited (Registered number: 09144680)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glass Decorative Colours Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Mr B J Cowen
Mr G A Evans
Mr S J Murray
Mrs J L Brown





REGISTERED OFFICE: Unit A Harvey Court
Dovefields
Uttoxeter
Staffordshire
ST14 8HU





REGISTERED NUMBER: 09144680 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Glass Decorative Colours Limited (Registered number: 09144680)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,280 3,040

CURRENT ASSETS
Stocks 113,048 216,825
Debtors 5 71,835 134,607
Cash at bank and in hand 326,480 245,409
511,363 596,841
CREDITORS
Amounts falling due within one year 6 208,919 258,056
NET CURRENT ASSETS 302,444 338,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,724

341,825

PROVISIONS FOR LIABILITIES 604 806
NET ASSETS 304,120 341,019

CAPITAL AND RESERVES
Called up share capital 176 176
Retained earnings 303,944 340,843
SHAREHOLDERS' FUNDS 304,120 341,019

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

Glass Decorative Colours Limited (Registered number: 09144680)

Balance Sheet - continued
30th April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th December 2024 and were signed on its behalf by:




Mr B J Cowen - Director Mr G A Evans - Director




Mrs J L Brown - Director Mr S J Murray - Director


Glass Decorative Colours Limited (Registered number: 09144680)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Glass Decorative Colours 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, excluding discounts and value added tax. Turnover is recognised upon despatch of the related goods.

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 - 25% on reducing balance
Computer equipment - 25% 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.

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 balance sheet date.


Glass Decorative Colours Limited (Registered number: 09144680)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st May 2023
and 30th April 2024 15,387 3,868 19,255
DEPRECIATION
At 1st May 2023 13,958 2,257 16,215
Charge for year 357 403 760
At 30th April 2024 14,315 2,660 16,975
NET BOOK VALUE
At 30th April 2024 1,072 1,208 2,280
At 30th April 2023 1,429 1,611 3,040

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 71,665 130,274
Other debtors 170 4,333
71,835 134,607

Glass Decorative Colours Limited (Registered number: 09144680)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,770 19,340
Taxation and social security 39,518 69,804
Other creditors 167,631 168,912
208,919 258,056

7. RELATED PARTY DISCLOSURES

Included in creditors due within one year is £160,611 (2023 - £164,611) owed to the directors of the company.