Registered number
14062592
Super Slim Glazing Ltd
Unaudited Filleted Accounts
30 April 2024
Super Slim Glazing Ltd
Registered number: 14062592
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 3,000 4,000
Tangible assets 4 88,693 114,270
91,693 118,270
Current assets
Stocks 20,252 20,377
Debtors 5 105,161 114,776
Cash at bank and in hand 64,787 64,966
190,200 200,119
Creditors: amounts falling due within one year 6 (108,431) (103,461)
Net current assets 81,769 96,658
Total assets less current liabilities 173,462 214,928
Creditors: amounts falling due after more than one year 7 (22,487) (37,381)
Provisions for liabilities (16,851) (21,711)
Net assets 134,124 155,836
Capital and reserves
Profit and loss account 134,124 155,836
Shareholder's funds 134,124 155,836
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Woods
Director
Approved by the board on 15 January 2025
Super Slim Glazing Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance basis
Fixtures, fittings, tools and equipment 25% Reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 5,000
At 30 April 2024 5,000
Amortisation
At 1 May 2023 1,000
Provided during the year 1,000
At 30 April 2024 2,000
Net book value
At 30 April 2024 3,000
At 30 April 2023 4,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 56,236 96,124 152,360
Additions 2,607 - 2,607
At 30 April 2024 58,843 96,124 154,967
Depreciation
At 1 May 2023 14,059 24,031 38,090
Charge for the year 10,161 18,023 28,184
At 30 April 2024 24,220 42,054 66,274
Net book value
At 30 April 2024 34,623 54,070 88,693
At 30 April 2023 42,177 72,093 114,270
5 Debtors 2024 2023
£ £
Trade debtors 81,372 79,330
Other debtors 23,789 35,446
105,161 114,776
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 13,311 8,711
Trade creditors 77,692 67,417
Taxation and social security costs 12,077 21,981
Other creditors 5,351 5,352
108,431 103,461
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 22,487 37,381
8 Other information
Super Slim Glazing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
13 Enterprise Court
Station Road
Witham
Essex
CM8 2TJ
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