Caseware UK (AP4) 2023.0.135 2023.0.135 2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-01false43342 - Glazing2falsetruefalse 09803612 2023-10-01 2024-09-30 09803612 2024-09-30 09803612 2023-09-30 09803612 2023-10-01 2024-09-30 09803612 2022-10-01 2023-09-30 09803612 2024-09-30 09803612 2023-09-30 09803612 c:Director1 2023-10-01 2024-09-30 09803612 d:PlantMachinery 2023-10-01 2024-09-30 09803612 d:PlantMachinery 2024-09-30 09803612 d:PlantMachinery 2023-09-30 09803612 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09803612 d:MotorVehicles 2023-10-01 2024-09-30 09803612 d:MotorVehicles 2024-09-30 09803612 d:MotorVehicles 2023-09-30 09803612 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09803612 d:FurnitureFittings 2023-10-01 2024-09-30 09803612 d:FurnitureFittings 2024-09-30 09803612 d:FurnitureFittings 2023-09-30 09803612 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09803612 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09803612 d:CurrentFinancialInstruments 2024-09-30 09803612 d:CurrentFinancialInstruments 2023-09-30 09803612 d:Non-currentFinancialInstruments 2024-09-30 09803612 d:Non-currentFinancialInstruments 2023-09-30 09803612 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 09803612 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 09803612 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 09803612 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 09803612 d:ShareCapital 2023-10-01 2024-09-30 09803612 d:ShareCapital 2024-09-30 09803612 d:ShareCapital 2023-09-30 09803612 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 09803612 d:RetainedEarningsAccumulatedLosses 2024-09-30 09803612 d:RetainedEarningsAccumulatedLosses 2023-09-30 09803612 c:FRS102 2023-10-01 2024-09-30 09803612 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09803612 c:FullAccounts 2023-10-01 2024-09-30 09803612 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09803612 2 2023-10-01 2024-09-30 09803612 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-09-30 09803612 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 09803612 d:LeasedAssetsHeldAsLessee 2024-09-30 09803612 d:LeasedAssetsHeldAsLessee 2023-09-30 09803612 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 09803612









Thames Glass Ltd







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 September 2024

 
Thames Glass Ltd
Registered number: 09803612

Statement of financial position
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
59,028
78,538

  
59,028
78,538

Current assets
  

Debtors: amounts falling due within one year
 5 
69,539
183,149

Cash at bank and in hand
 6 
60,771
203,504

  
130,310
386,653

Creditors: amounts falling due within one year
 7 
(91,851)
(217,607)

Net current assets
  
 
 
38,459
 
 
169,046

Total assets less current liabilities
  
97,487
247,584

Creditors: amounts falling due after more than one year
 8 
(8,337)
(17,000)

  

Net assets
  
89,150
230,584


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
89,050
230,484

  
89,150
230,584


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 February 2025.

Page 1

 
Thames Glass Ltd
Registered number: 09803612
    
Statement of financial position (continued)
As at 30 September 2024




BEAN, Stephen Barry
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
Thames Glass Ltd
 

Statement of changes in equity
For the Year Ended 30 September 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2023
100
230,484
230,584


Comprehensive income for the year

Profit for the year

-
106,566
106,566


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
106,566
106,566


Contributions by and distributions to owners

Dividends: Equity capital
-
(248,000)
(248,000)


Total transactions with owners
-
(248,000)
(248,000)


At 30 September 2024
100
89,050
89,150


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
Thames Glass Ltd
 
 
 
Notes to the financial statements
For the Year Ended 30 September 2024

1.


General information

Thames Glass Limited is a company , limited by shares , registered in England and Wales. The company's registration number is  09803612 and has its registered office address at Suite 207, Equitable House, 7 General Gordon square, London, United Kingdom, SE18 6FH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
Thames Glass Ltd
 
 
 
Notes to the financial statements
For the Year Ended 30 September 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
Thames Glass Ltd
 
 
 
Notes to the financial statements
For the Year Ended 30 September 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing Balance Method
Motor vehicles
-
25%
Reducing Balance Method
Fixtures and fittings
-
25%
Reducing Balance Method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
Thames Glass Ltd
 
 
 
Notes to the financial statements
For the Year Ended 30 September 2024

3.


Employees

2024
2023
£
£

Wages and salaries
19,616
23,528

Cost of defined contribution scheme
24,000
34,000

43,616
57,528


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures & Fittings
Total

£
£
£
£



Cost or valuation


At 1 October 2023
8,500
96,498
5,324
110,322


Additions
-
-
167
167



At 30 September 2024

8,500
96,498
5,491
110,489



Depreciation


At 1 October 2023
8,500
20,438
2,846
31,784


Charge for the year on owned assets
-
19,016
661
19,677



At 30 September 2024

8,500
39,454
3,507
51,461



Net book value



At 30 September 2024
-
57,044
1,984
59,028



At 30 September 2023
-
76,060
2,478
78,538

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:

2024
2023
£
£



Motor vehicles
57,044
76,060

57,044
76,060

Page 7

 
Thames Glass Ltd
 
 
 
Notes to the financial statements
For the Year Ended 30 September 2024

5.


Debtors

2024
2023
£
£


Trade debtors
68,019
163,148

Other debtors
1,520
20,001

69,539
183,149



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
60,771
203,504

60,771
203,504



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,028
11,393

Corporation tax
40,376
56,079

Other taxation and social security
1,994
1,589

Obligations under finance lease and hire purchase contracts
37,275
52,544

Other creditors
1,678
242

Accruals and deferred income
500
95,760

91,851
217,607


2024
2023
£
£

Other taxation and social security

PAYE/NI control
1,994
1,589

1,994
1,589


Page 8

 
Thames Glass Ltd
 
 
 
Notes to the financial statements
For the Year Ended 30 September 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,337
17,000

8,337
17,000



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £24,000 (2023 - £34,000) No contributions were outstanding at year end. 


10.


Controlling party

The Company is controlled by the director.

 
Page 9