Acorah Software Products - Accounts Production 16.1.300 false true false 25 July 2023 31 July 2024 31 July 2024 15026568 Mr Ronald Groom iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15026568 2023-07-24 15026568 2024-07-31 15026568 2023-07-25 2024-07-31 15026568 frs-core:CurrentFinancialInstruments 2024-07-31 15026568 frs-core:ComputerEquipment 2024-07-31 15026568 frs-core:ComputerEquipment 2023-07-25 2024-07-31 15026568 frs-core:ComputerEquipment 2023-07-24 15026568 frs-core:FurnitureFittings 2024-07-31 15026568 frs-core:FurnitureFittings 2023-07-25 2024-07-31 15026568 frs-core:FurnitureFittings 2023-07-24 15026568 frs-core:PlantMachinery 2024-07-31 15026568 frs-core:PlantMachinery 2023-07-25 2024-07-31 15026568 frs-core:PlantMachinery 2023-07-24 15026568 frs-core:ShareCapital 2024-07-31 15026568 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 15026568 frs-bus:PrivateLimitedCompanyLtd 2023-07-25 2024-07-31 15026568 frs-bus:FilletedAccounts 2023-07-25 2024-07-31 15026568 frs-bus:SmallEntities 2023-07-25 2024-07-31 15026568 frs-bus:AuditExempt-NoAccountantsReport 2023-07-25 2024-07-31 15026568 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-25 2024-07-31 15026568 frs-bus:Director1 2023-07-25 2024-07-31 15026568 frs-countries:EnglandWales 2023-07-25 2024-07-31
Registered number: 15026568
Glazing@Metal Fabrication Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
James Khan
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15026568
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 72,848
72,848
CURRENT ASSETS
Debtors 5 60,665
Cash at bank and in hand 30,661
91,326
Creditors: Amounts Falling Due Within One Year 6 (131,123 )
NET CURRENT ASSETS (LIABILITIES) (39,797 )
TOTAL ASSETS LESS CURRENT LIABILITIES 33,051
NET ASSETS 33,051
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account 32,951
SHAREHOLDERS' FUNDS 33,051
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ronald Groom
Director
27/08/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Glazing@Metal Fabrication Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15026568 . The registered office is The Embassy, 389 Newport Road, Cardiff, CF24 1TP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 15% Reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6
6
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 25 July 2023 - - - -
Additions 79,515 2,650 3,000 85,165
As at 31 July 2024 79,515 2,650 3,000 85,165
...CONTINUED
Page 2
Page 3
Depreciation
As at 25 July 2023 - - - -
Provided during the period 11,801 66 450 12,317
As at 31 July 2024 11,801 66 450 12,317
Net Book Value
As at 31 July 2024 67,714 2,584 2,550 72,848
As at 25 July 2023 - - - -
5. Debtors
2024
£
Due within one year
Trade debtors 50,891
Amounts owed by group undertakings 9,774
60,665
6. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 4,707
Other creditors 84,786
Taxation and social security 41,630
131,123
7. Share Capital
2024
£
Allotted, Called up and fully paid 100
8. Related Party Transactions
At the balance sheet date the company was owed £9,774 from Groom & Llewellyn Ltd a company wholly owned by Mr R G Groom. This amount is included in debtors due within one year.
Page 3