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Company Registration No. 02618902 (England and Wales)
Glasrite Ltd Unaudited accounts for the year ended 29 June 2024
Glasrite Ltd Unaudited accounts Contents
Page
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Glasrite Ltd Company Information for the year ended 29 June 2024
Director
Paul White
Company Number
02618902 (England and Wales)
Registered Office
62 Vine Crescent Reading Berkshire RG30 3LU United Kingdom
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Glasrite Ltd Statement of financial position as at 29 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,781 
4,873 
Current assets
Debtors
38,594 
32,238 
Cash at bank and in hand
84,568 
66,210 
123,162 
98,448 
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)
Net assets
81,145 
46,264 
Capital and reserves
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
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Glasrite Ltd Notes to the Accounts for the year ended 29 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
- 
261 
261 
At 29 June 2024
10,557 
39,011 
550 
50,118 
Depreciation
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 
Net book value
At 29 June 2024
57 
3,453 
271 
3,781 
At 29 June 2023
76 
4,604 
193 
4,873 
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Glasrite Ltd Notes to the Accounts for the year ended 29 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
36,876 
32,238 
Other debtors
1,718 
- 
38,594 
32,238 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,195 
3,195 
VAT
2,855 
11,497 
Trade creditors
14,862 
12,093 
Taxes and social security
20,710 
22,970 
Loans from directors
74 
- 
Accruals
1,125 
1,346 
42,821 
51,101 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,977 
5,956 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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