Company Registration No. 02618902 (England and Wales)
Glasrite Ltd
Unaudited accounts
for the year ended 29 June 2024
Glasrite Ltd
Unaudited accounts
Contents
Glasrite Ltd
Company Information
for the year ended 29 June 2024
Company Number
02618902 (England and Wales)
Registered Office
62 Vine Crescent
Reading
Berkshire
RG30 3LU
United Kingdom
Glasrite Ltd
Statement of financial position
as at 29 June 2024
Tangible assets
3,781
4,873
Cash at bank and in hand
84,568
66,210
Creditors: amounts falling due within one year
(42,821)
(51,101)
Net current assets
80,341
47,347
Total assets less current liabilities
84,122
52,220
Creditors: amounts falling due after more than one year
(2,977)
(5,956)
Called up share capital
3
3
Profit and loss account
81,142
46,261
Shareholders' funds
81,145
46,264
For the year ending 29 June 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 March 2025 and were signed on its behalf by
Paul White
Director
Company Registration No. 02618902
Glasrite Ltd
Notes to the Accounts
for the year ended 29 June 2024
Glasrite Ltd is a private company, limited by shares, registered in England and Wales, registration number 02618902. The registered office is 62 Vine Crescent, Reading, Berkshire, RG30 3LU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
3 years straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 30 June 2023
10,557
39,011
289
49,857
At 29 June 2024
10,557
39,011
550
50,118
At 30 June 2023
10,481
34,407
96
44,984
Charge for the year
19
1,151
183
1,353
At 29 June 2024
10,500
35,558
279
46,337
At 29 June 2024
57
3,453
271
3,781
At 29 June 2023
76
4,604
193
4,873
Glasrite Ltd
Notes to the Accounts
for the year ended 29 June 2024
Amounts falling due within one year
Trade debtors
36,876
32,238
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,195
3,195
Trade creditors
14,862
12,093
Taxes and social security
20,710
22,970
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).