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REGISTERED NUMBER: 00080479 (England and Wales)















Financial Statements for the Year Ended 31st July 2024

for

STANDARD PATENT GLAZING COMPANY
LIMITED(THE)

STANDARD PATENT GLAZING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00080479)

Contents of the Financial Statements
for the Year Ended 31st July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANDARD PATENT GLAZING COMPANY
LIMITED(THE)

Company Information
for the Year Ended 31st July 2024







DIRECTORS: Mr D P Lister
Mr J J J Llewellyn
Mr C J Riley



SECRETARY: Harrison Blakeley Accountancy Limited



REGISTERED OFFICE: Flagship House, Forge Lane
Dewsbury
West Yorkshire
WF12 9EL



REGISTERED NUMBER: 00080479 (England and Wales)



SENIOR STATUTORY AUDITOR: John Richard Hall FCA



AUDITORS: Walter Dawson & Son
1st Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
HD2 1GQ

STANDARD PATENT GLAZING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00080479)

Balance Sheet
31st July 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,823 257,399

CURRENT ASSETS
Stocks 5 768,989 744,263
Debtors 6 641,151 490,921
Cash at bank and in hand 794,104 783,706
2,204,244 2,018,890
CREDITORS
Amounts falling due within one year 7 321,524 361,773
NET CURRENT ASSETS 1,882,720 1,657,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,083,543

1,914,516

CREDITORS
Amounts falling due after more than one
year

8

(63,588

)

(63,588

)

PROVISIONS FOR LIABILITIES (49,357 ) (53,301 )
NET ASSETS 1,970,598 1,797,627

CAPITAL AND RESERVES
Called up share capital 15,500 15,500
Share premium 1,000 1,000
Capital redemption reserve 1,630 1,630
Retained earnings 1,952,468 1,779,497
1,970,598 1,797,627

STANDARD PATENT GLAZING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00080479)

Balance Sheet - continued
31st July 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th December 2024 and were signed on its behalf by:




Mr J J J Llewellyn - Director



Mr C J Riley - Director


STANDARD PATENT GLAZING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00080479)

Notes to the Financial Statements
for the Year Ended 31st July 2024


1. STATUTORY INFORMATION

Standard Patent Glazing Company Limited(the) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

STANDARD PATENT GLAZING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00080479)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024


2. ACCOUNTING POLICIES - continued

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.

Income recognition
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Hire purchase and leasing commitments
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the lease period on a straight line basis.

Government grants
Grants receivable in relation to profit and loss expenditure are credited to the profit and loss for the year for which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st August 2023 33,974 466,357 210,776 202,790 913,897
Additions - 8,575 - - 8,575
At 31st July 2024 33,974 474,932 210,776 202,790 922,472
DEPRECIATION
At 1st August 2023 30,267 329,791 190,575 105,865 656,498
Charge for year 310 35,560 5,050 24,231 65,151
At 31st July 2024 30,577 365,351 195,625 130,096 721,649
NET BOOK VALUE
At 31st July 2024 3,397 109,581 15,151 72,694 200,823
At 31st July 2023 3,707 136,566 20,201 96,925 257,399

5. STOCKS
31/7/24 31/7/23
£    £   
Stocks 687,808 606,946
Work-in-progress 81,181 137,317
768,989 744,263

STANDARD PATENT GLAZING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00080479)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 510,992 320,444
Other debtors 130,159 170,477
641,151 490,921

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade creditors 97,807 105,996
Taxation and social security 152,676 157,657
Other creditors 71,041 98,120
321,524 361,773

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Other creditors 63,588 63,588

Amounts falling due in more than five years:

Repayable otherwise than by instalments

3% Redeemable Participating Preference Shares
(10,000 shares)10,00010,000


6% Cumulative Redeemable Preference Shares53,58853,588
(42,870 shares)
63,58863,588


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/7/24 31/7/23
£    £   
Within one year 2,053 2,053
Between one and five years 856 2,907
2,909 4,960

STANDARD PATENT GLAZING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00080479)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024


10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Richard Hall FCA (Senior Statutory Auditor)
for and on behalf of Walter Dawson & Son