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REGISTERED NUMBER: 06419247 (England and Wales)















CYMRU GLASS & GLAZING LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1ST AUGUST 2023 TO 31ST OCTOBER 2024






CYMRU GLASS & GLAZING LIMITED (REGISTERED NUMBER: 06419247)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST AUGUST 2023 TO 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CYMRU GLASS & GLAZING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST AUGUST 2023 TO 31ST OCTOBER 2024







DIRECTORS: L G Pugh
C Pugh





SECRETARY: C Pugh





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 06419247 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

CYMRU GLASS & GLAZING LIMITED (REGISTERED NUMBER: 06419247)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 469,363 250,000
469,363 250,000

CURRENT ASSETS
Stocks 35,000 35,000
Debtors 6 531,275 381,249
Cash at bank 195,106 155,056
761,381 571,305
CREDITORS
Amounts falling due within one year 7 286,148 174,503
NET CURRENT ASSETS 475,233 396,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

944,596

646,802

CREDITORS
Amounts falling due after more than one
year

8

(197,860

)

(95,316

)

PROVISIONS FOR LIABILITIES (84,769 ) (47,500 )
NET ASSETS 661,967 503,986

CYMRU GLASS & GLAZING LIMITED (REGISTERED NUMBER: 06419247)

BALANCE SHEET - continued
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 661,965 503,984
SHAREHOLDERS' FUNDS 661,967 503,986

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th January 2025 and were signed on its behalf by:





L G Pugh - Director


CYMRU GLASS & GLAZING LIMITED (REGISTERED NUMBER: 06419247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST AUGUST 2023 TO 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Cymru Glass & Glazing 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.

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, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


CYMRU GLASS & GLAZING LIMITED (REGISTERED NUMBER: 06419247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST AUGUST 2023 TO 31ST OCTOBER 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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. 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 the shorter.

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

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2023
and 31st October 2024 55,000
AMORTISATION
At 1st August 2023
and 31st October 2024 55,000
NET BOOK VALUE
At 31st October 2024 -
At 31st July 2023 -

CYMRU GLASS & GLAZING LIMITED (REGISTERED NUMBER: 06419247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST AUGUST 2023 TO 31ST OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st August 2023 224,465 182,690 407,155
Additions 275,619 24,487 300,106
At 31st October 2024 500,084 207,177 707,261
DEPRECIATION
At 1st August 2023 83,143 74,012 157,155
Charge for period 39,129 41,614 80,743
At 31st October 2024 122,272 115,626 237,898
NET BOOK VALUE
At 31st October 2024 377,812 91,551 469,363
At 31st July 2023 141,322 108,678 250,000

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st August 2023 119,473 137,659 257,132
Additions 255,000 24,487 279,487
At 31st October 2024 374,473 162,146 536,619
DEPRECIATION
At 1st August 2023 41,814 45,613 87,427
Charge for period 22,530 26,072 48,602
At 31st October 2024 64,344 71,685 136,029
NET BOOK VALUE
At 31st October 2024 310,129 90,461 400,590
At 31st July 2023 77,659 92,046 169,705

CYMRU GLASS & GLAZING LIMITED (REGISTERED NUMBER: 06419247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST AUGUST 2023 TO 31ST OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 217,983 136,220
Other debtors 24,569 8,605
Inter company loan account 222,761 172,761
Directors' current accounts 57,866 60,566
Prepayments 8,096 3,097
531,275 381,249

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,874 14,029
Hire purchase contracts 110,864 49,981
Trade creditors 101,546 59,055
Corporation Tax 15,964 3,566
Social security and other taxes 6,721 4,884
Net wages - 3,487
Pensions 873 2,770
VAT 19,576 16,496
Accrued expenses 13,730 20,235
286,148 174,503

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other loans - 1-2 years 8,867 26,490
Hire purchase contracts 188,993 68,826
197,860 95,316

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

CYMRU GLASS & GLAZING LIMITED (REGISTERED NUMBER: 06419247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST AUGUST 2023 TO 31ST OCTOBER 2024

10. RELATED PARTY DISCLOSURES

Cymru Glass & Glazing Limited is a subsidiary of Hanfield Holdings Limited. The net amount owed from this company at the period end was £222,761 (2023:£172,761).

The company had an outstanding directors loan account at the period end due from L G & C Pugh £57,866 (2023 - £60,566).