02548272falseThe manufacture of aluminium window frames for vehicles and the supply of all types of safety glass2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:CompanySecretary12023-07-012024-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-06-30http://www.companieshouse.gov.uk/cd:Director12023-07-012024-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2024-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-06-30http://www.companieshouse.gov.uk/cd:Director22023-07-012024-06-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-06-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-07-012024-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-07-012024-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-06-30http://www.companieshouse.gov.uk/2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:FRS1022023-07-012024-06-30http://www.companieshouse.gov.uk/2024-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-07-012024-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-07-012024-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02548272

S.G.I. (Safety Glass Industries) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
Brody Lee Kershaw Ltd
Chartered Accountants
Suite 2 1st Floor Metropolitan House
Station Road
Cheadle Hulme
Cheshire
SK8 7AZ

S.G.I. (Safety Glass Industries) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Christopher John DAVIES
Julie Anne HUTCHINSON-DAVIES
SECRETARY
Julie Anne HUTCHINSON-DAVIES
REGISTERED OFFICE
Unit 10 Guinness Road Trading Estate
Guinness Road, Trafford Park
Manchester
M17 1SB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02548272
ACCOUNTANTS
Brody Lee Kershaw Ltd
Chartered Accountants
Suite 2 1st Floor Metropolitan House
Station Road
Cheadle Hulme
Cheshire
SK8 7AZ

S.G.I. (Safety Glass Industries) Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

S.G.I. (Safety Glass Industries) Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets28,4938,570
CURRENT ASSETS
Stock455,036493,299
Debtors4410,484441,153
Cash at bank and in hand113,539158,027
979,0591,092,479
CREDITORS: Amounts falling due within one year5332,109355,613
NET CURRENT ASSETS646,950736,866
TOTAL ASSETS LESS CURRENT LIABILITIES655,443745,436
CREDITORS: Amounts falling due after more than one year6-53,418
NET ASSETS655,443692,018
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account655,343691,918
SHAREHOLDERS' FUNDS655,443692,018
For the year ending 30/06/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/02/2025 and signed on their behalf by
.............................
Christopher John DAVIES
Director

S.G.I. (Safety Glass Industries) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Research Development
Expenditure on research and development is written off against profits in the year in which it is incurred.
1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

S.G.I. (Safety Glass Industries) Limited

2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/07/2023105,91355,781161,694
Additions-2,7542,754
At 30/06/2024105,91358,535164,448
Depreciation
At 01/07/2023100,95352,171153,124
For the year1,2401,5912,831
At 30/06/2024102,19353,762155,955
Net Book Amounts
At 30/06/20243,7204,7738,493
At 30/06/20234,9603,6108,570
3. STOCK 20242023
££
Stock comprises:
Stock and work in progress 455,036493,299
455,036493,299
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors353,499405,490
Other debtors2,3916,135
Prepayments54,59429,528
410,484441,153

S.G.I. (Safety Glass Industries) Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax8,3281,636
VAT61,44154,093
PAYE control12,66316,449
Directors current account1,503738
Bank Loan53,41867,730
Trade creditors186,331201,917
Accruals8,42513,050
332,109355,613
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr-53,418
-53,418
7. EMPLOYEES
20242023
No.No.
Average number of employees1514
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100

S.G.I. (Safety Glass Industries) Limited

9. LEASE COMMITMENTS - OPERATING LEASES
At 30th June 2024, the company had total commitments under non-cancellable operating leases as follows: Payable within 12 months £123,281 Payable after 1 year but less than 5 years £141,297