REGISTERED NUMBER: 05539935 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Absolute Glass Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Kneller

SECRETARY:

REGISTERED OFFICE:

First Floor Office

Westerham Garage

190 London Road

Westerham

Kent

TN16 2DJ

REGISTERED NUMBER:

05539935 (England and Wales)

ACCOUNTANTS:

AFS Accountants

1st Floor Office

190 London Road

Westerham

Kent

TN16 2DJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

9,382

12,509

9,382

12,509

CURRENT ASSETS

Stocks

-

3,000

Debtors

6

19,776

39,478

Cash at bank

8,934

4,925

28,710

47,403

CREDITORS

Amounts falling due within one year

7

31,761

47,860

NET CURRENT LIABILITIES

(3,051

)

(457

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,331

12,052

CREDITORS

Amounts falling due after more than one year

8

6,231

10,630

NET ASSETS

100

1,422

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

-

1,322

SHAREHOLDERS' FUNDS

100

1,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 3 April 2025 and were signed by:

M Kneller - Director

1.	STATUTORY INFORMATION

Absolute Glass Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2023

and 31 August 2024

68,000

AMORTISATION

At 1 September 2023

and 31 August 2024

68,000

NET BOOK VALUE

At 31 August 2024

-

At 31 August 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2023

and 31 August 2024

67,159

DEPRECIATION

At 1 September 2023

54,650

Charge for year

3,127

At 31 August 2024

57,777

NET BOOK VALUE

At 31 August 2024

9,382

At 31 August 2023

12,509

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade debtors

4,858

24,560

Other debtors

14,918

14,918

19,776

39,478

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans and overdrafts

7,000

11,000

Trade creditors

3,257

7,471

Taxation and social security

5,501

6,469

Other creditors

16,003

22,920

31,761

47,860

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.24

31.8.23

£

£

Hire purchase contracts

6,231

10,630