3 Beach View Glass Ltd 07728083 false 2023-01-30 2024-01-29 2024-01-29 The principal activity of the company is the supply & installation of PVCu windows, doors and conservatories. Digita Accounts Production Advanced 6.30.9574.0 true 07728083 2023-01-30 2024-01-29 07728083 2024-01-29 07728083 core:RetainedEarningsAccumulatedLosses 2024-01-29 07728083 core:ShareCapital 2024-01-29 07728083 core:CurrentFinancialInstruments 2024-01-29 07728083 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-29 07728083 core:LandBuildings core:LongLeaseholdAssets 2024-01-29 07728083 core:MotorVehicles 2024-01-29 07728083 core:OfficeEquipment 2024-01-29 07728083 bus:SmallEntities 2023-01-30 2024-01-29 07728083 bus:AuditExemptWithAccountantsReport 2023-01-30 2024-01-29 07728083 bus:FilletedAccounts 2023-01-30 2024-01-29 07728083 bus:SmallCompaniesRegimeForAccounts 2023-01-30 2024-01-29 07728083 bus:RegisteredOffice 2023-01-30 2024-01-29 07728083 bus:Director1 2023-01-30 2024-01-29 07728083 bus:PrivateLimitedCompanyLtd 2023-01-30 2024-01-29 07728083 core:RetainedEarningsAccumulatedLosses 2023-01-30 2024-01-29 07728083 core:ShareCapital 2023-01-30 2024-01-29 07728083 core:Goodwill 2023-01-30 2024-01-29 07728083 core:LandBuildings core:LongLeaseholdAssets 2023-01-30 2024-01-29 07728083 core:LeaseholdImprovements 2023-01-30 2024-01-29 07728083 core:MotorVehicles 2023-01-30 2024-01-29 07728083 core:OfficeEquipment 2023-01-30 2024-01-29 07728083 countries:EnglandWales 2023-01-30 2024-01-29 07728083 2023-01-29 07728083 core:RetainedEarningsAccumulatedLosses 2023-01-29 07728083 core:ShareCapital 2023-01-29 07728083 core:LandBuildings core:LongLeaseholdAssets 2023-01-29 07728083 core:MotorVehicles 2023-01-29 07728083 core:OfficeEquipment 2023-01-29 07728083 2022-01-30 2023-01-29 07728083 2023-01-29 07728083 core:CurrentFinancialInstruments 2023-01-29 07728083 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-29 07728083 core:LandBuildings core:LongLeaseholdAssets 2023-01-29 07728083 core:MotorVehicles 2023-01-29 07728083 core:OfficeEquipment 2023-01-29 07728083 core:RetainedEarningsAccumulatedLosses 2022-01-30 2023-01-29 07728083 core:ShareCapital 2022-01-30 2023-01-29 07728083 2022-01-29 07728083 core:RetainedEarningsAccumulatedLosses 2022-01-29 07728083 core:ShareCapital 2022-01-29 xbrli:pure iso4217:GBP

Registration number: 07728083

Beach View Glass Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 January 2024

 

Beach View Glass Ltd

Contents

Statement of Financial Position

1

Statement of Changes in Equity

2

Notes to the Unaudited Financial Statements

3 to 6

 

Beach View Glass Ltd

(Registration number: 07728083)
Statement of Financial Position as at 29 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

8,601

11,469

Current assets

 

Stocks

-

19,663

Debtors

6

12,920

23,532

Cash at bank and in hand

 

2,392

3,511

 

15,312

46,706

Creditors: Amounts falling due within one year

7

(87,688)

(90,682)

Net current liabilities

 

(72,376)

(43,976)

Net liabilities

 

(63,775)

(32,507)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(63,776)

(32,508)

Shareholders' deficit

 

(63,775)

(32,507)

For the financial year ending 29 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 6 February 2025
 


Mr A D W Hills
Director

 

Beach View Glass Ltd

Statement of Changes in Equity for the Year Ended 29 January 2024

Share capital
£

Profit and loss account
£

Total
£

At 30 January 2023

1

(32,508)

(32,507)

Loss for the year

-

(31,268)

(31,268)

At 29 January 2024

1

(63,776)

(63,775)

Share capital
£

Profit and loss account
£

Total
£

At 30 January 2022

1

(32,958)

(32,957)

Profit for the year

-

450

450

At 29 January 2023

1

(32,508)

(32,507)

 

Beach View Glass Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
80 Oxford Street
Burnham-On-Sea
Somerset
TA8 1EF

Principal activity

The principal activity of the company is the supply & installation of PVCu windows, doors and conservatories.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

25% reducing balance

Motor vehicles

25% reducing balance

Equipment

33% straight line

Impairment

 

Beach View Glass Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 January 2024 (continued)

2

Accounting policies (continued)

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

Beach View Glass Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 January 2024 (continued)

4

Intangible assets

Cost or valuation

Amortisation

Carrying amount

At 29 January 2024

5

Tangible assets

Long leasehold land and buildings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 30 January 2023

6,357

878

28,693

35,928

At 29 January 2024

6,357

878

28,693

35,928

Depreciation

At 30 January 2023

5,878

878

17,703

24,459

Charge for the year

120

-

2,748

2,868

At 29 January 2024

5,998

878

20,451

27,327

Carrying amount

At 29 January 2024

359

-

8,242

8,601

At 29 January 2023

479

-

10,990

11,469

6

Debtors

2024
£

2023
£

Trade debtors

6,570

17,182

Other debtors

3,770

3,770

Prepayments

2,580

2,580

12,920

23,532

 

Beach View Glass Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 January 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

15,109

18,960

Taxation and social security

49,987

38,044

Accruals and deferred income

6,667

11,817

Other creditors

15,925

21,861

87,688

90,682