HALIFAX GLASS CO LIMITED

Company Registration Number:
02845000 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

HALIFAX GLASS CO LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

HALIFAX GLASS CO LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 963,595 1,004,825
Total fixed assets: 963,595 1,004,825
Current assets
Stocks: 120,675 157,485
Debtors:   722,813 758,273
Cash at bank and in hand: 1,074,929 586,826
Total current assets: 1,918,417 1,502,584
Creditors: amounts falling due within one year:   (896,043) (698,022)
Net current assets (liabilities): 1,022,374 804,562
Total assets less current liabilities: 1,985,969 1,809,387
Creditors: amounts falling due after more than one year:   (5,735) (14,951)
Provision for liabilities: (19,276) (26,206)
Total net assets (liabilities): 1,960,958 1,768,230
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:4751,374751,374
Profit and loss account: 1,209,484 1,016,756
Shareholders funds: 1,960,958 1,768,230

The notes form part of these financial statements

HALIFAX GLASS CO LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 March 2025
and signed on behalf of the board by:

Name: R L Oddy
Status: Director

The notes form part of these financial statements

HALIFAX GLASS CO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the amount derived from the provision of goods and services falling within the company's activities after deduction of trade discounts and value added tax. Turnover is recognised on supply of goods to the customer.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value over the useful economic life of that asset as follows: Land and buildings - 4% straight line basis Plant and machinery - 25% reducing balance Fixtures, fittings and equipment - 25% reducing balance Motor vehicles - 25% reducing balance

Other accounting policies

Leasing and Hire Purchase Commitments Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciation over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period. Rentals payable under operating leases are charged against income on a straight line basis over the lease term. Stock Stock is valued at the lower cost of net realisable value. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing difference represents accumulated difference between the company's taxable profit and its financial profit arise primarily from the difference between accelerated capital allowances and depreciation. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods which timing differences reverse, based on the tax rates and laws enacted or substantively enacted at the balance sheet date. Employees and directors The average number of employees during the year was 29.

HALIFAX GLASS CO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 29 29

HALIFAX GLASS CO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 1,647,346
Disposals (35,084)
At 31 December 2024 1,612,262
Depreciation
At 01 January 2024 642,521
Charge for year 39,218
On disposals (33,072)
At 31 December 2024 648,667
Net book value
At 31 December 2024 963,595
At 31 December 2023 1,004,825

HALIFAX GLASS CO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Revaluation reserve

2024
£
Balance at 01 January 2024 751,374
Surplus or deficit after revaluation 0
Balance at 31 December 2024 751,374