Company Registration No. 11710779 (England and Wales)
M GLASS LTD
Filleted accounts
for the year ended 31 December 2024
M GLASS LTD
Filleted accounts
Contents
M GLASS LTD
Company Information
for the year ended 31 December 2024
Director
Mykhaylo Balabukh
Company Number
11710779 (England and Wales)
Registered Office
166 COLLEGE ROAD
HARROW
MIDDLESEX
HA1 1BH
UNITED KINGDOM
M GLASS LTD
Statement of financial position
as at 31 December 2024
Tangible assets
50,452
4,638
Cash at bank and in hand
38,556
24,598
Creditors: amounts falling due within one year
(85,908)
(35,803)
Net current (liabilities)/assets
(7,927)
4,937
Total assets less current liabilities
42,525
9,575
Creditors: amounts falling due after more than one year
(5,471)
(5,667)
Called up share capital
100
100
Profit and loss account
36,954
3,808
Shareholders' funds
37,054
3,908
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 28 January 2025 and were signed on its behalf by
Mykhaylo Balabukh
Director
Company Registration No. 11710779
M GLASS LTD
Notes to the Accounts
for the year ended 31 December 2024
M GLASS LTD is a private company, limited by shares, registered in England and Wales, registration number 11710779. The registered office is 166 COLLEGE ROAD, HARROW, MIDDLESEX, HA1 1BH, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
1,740
16,170
874
18,784
Additions
749
51,490
-
52,239
At 31 December 2024
2,489
67,660
874
71,023
At 1 January 2024
554
12,936
656
14,146
Charge for the year
622
5,584
219
6,425
At 31 December 2024
1,176
18,520
875
20,571
At 31 December 2024
1,313
49,140
(1)
50,452
At 31 December 2023
1,186
3,234
218
4,638
Amounts falling due within one year
Trade debtors
38,286
7,729
Accrued income and prepayments
-
3,600
M GLASS LTD
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
33,984
-
Taxes and social security
6,786
888
Other creditors
45,138
32,780
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 4 (2023: 2).