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REGISTERED NUMBER: SC454213 (Scotland)















Unaudited Financial Statements for the Year Ended 30 January 2024

for

Astraview Double Glazing Limited

Astraview Double Glazing Limited (Registered number: SC454213)






Contents of the Financial Statements
for the Year Ended 30 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

Astraview Double Glazing Limited

Company Information
for the Year Ended 30 January 2024







DIRECTORS: A Muir
P D Ballantyne





REGISTERED OFFICE: 29 Brandon Street
Hamilton
Lanarkshire
ML3 6DA





REGISTERED NUMBER: SC454213 (Scotland)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

Astraview Double Glazing Limited (Registered number: SC454213)

Balance Sheet
30 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 4,500 7,500
Tangible assets 6 25,600 26,240
30,100 33,740

CURRENT ASSETS
Stocks 5,100 5,100
Debtors 7 42,423 40,875
47,523 45,975
CREDITORS
Amounts falling due within one year 8 76,571 79,628
NET CURRENT LIABILITIES (29,048 ) (33,653 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,052

87

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,049 84
SHAREHOLDERS' FUNDS 1,052 87

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

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

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 21 January 2025 and were signed on its behalf by:




A Muir - Director


Astraview Double Glazing Limited (Registered number: SC454213)

Notes to the Financial Statements
for the Year Ended 30 January 2024

1. STATUTORY INFORMATION

Astraview Double Glazing Limited is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Although there are net current liabilities, the accounts have been prepared on a going concern basis as the company is being supported through the bank overdraft.

Turnover
Turnover is derived from double glazing supplied by the company.

Turnover is measured at the fair value of double glazing supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property costs - 2% on cost
Plant and machinery etc - 25% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £500 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred

Astraview Double Glazing Limited (Registered number: SC454213)

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

3. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amounts of stocks recognised as an expense in the period in which the reversal occurs.

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.

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.

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 profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Astraview Double Glazing Limited (Registered number: SC454213)

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 January 2023
and 30 January 2024 30,000
AMORTISATION
At 31 January 2023 22,500
Charge for year 3,000
At 30 January 2024 25,500
NET BOOK VALUE
At 30 January 2024 4,500
At 30 January 2023 7,500

6. TANGIBLE FIXED ASSETS
Plant and
Property machinery
costs etc Totals
£    £    £   
COST
At 31 January 2023
and 30 January 2024 32,000 2,397 34,397
DEPRECIATION
At 31 January 2023 5,760 2,397 8,157
Charge for year 640 - 640
At 30 January 2024 6,400 2,397 8,797
NET BOOK VALUE
At 30 January 2024 25,600 - 25,600
At 30 January 2023 26,240 - 26,240

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,130 3,900
Other debtors 41,293 36,975
42,423 40,875

Astraview Double Glazing Limited (Registered number: SC454213)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,441 15,283
Trade creditors 29,837 29,454
Taxation and social security 27,720 31,755
Other creditors 2,573 3,136
76,571 79,628

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 January 2024 and 30 January 2023:

2024 2023
£    £   
A Muir and P D Ballantyne
Balance outstanding at start of year 26,211 22,460
Amounts advanced 4,539 3,751
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,750 26,211

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Astraview Double Glazing Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Astraview Double Glazing Limited for the year ended 30 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Astraview Double Glazing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Astraview Double Glazing Limited and state those matters that we have agreed to state to the Board of Directors of Astraview Double Glazing Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Astraview Double Glazing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Astraview Double Glazing Limited. You consider that Astraview Double Glazing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Astraview Double Glazing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


21 January 2025