Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31Glass fitter2023-08-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14250666 2023-08-01 2024-07-31 14250666 2022-07-22 2023-07-31 14250666 2024-07-31 14250666 2023-07-31 14250666 c:Director1 2023-08-01 2024-07-31 14250666 d:MotorVehicles 2023-08-01 2024-07-31 14250666 d:MotorVehicles 2024-07-31 14250666 d:MotorVehicles 2023-07-31 14250666 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14250666 d:FurnitureFittings 2023-08-01 2024-07-31 14250666 d:FurnitureFittings 2024-07-31 14250666 d:FurnitureFittings 2023-07-31 14250666 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14250666 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14250666 d:CurrentFinancialInstruments 2024-07-31 14250666 d:CurrentFinancialInstruments 2023-07-31 14250666 d:Non-currentFinancialInstruments 2024-07-31 14250666 d:Non-currentFinancialInstruments 2023-07-31 14250666 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14250666 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14250666 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 14250666 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 14250666 d:ShareCapital 2024-07-31 14250666 d:ShareCapital 2023-07-31 14250666 c:OrdinaryShareClass1 2023-08-01 2024-07-31 14250666 c:OrdinaryShareClass1 2024-07-31 14250666 c:OrdinaryShareClass1 2023-07-31 14250666 c:FRS102 2023-08-01 2024-07-31 14250666 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14250666 c:FullAccounts 2023-08-01 2024-07-31 14250666 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14250666 d:HirePurchaseContracts d:WithinOneYear 2024-07-31 14250666 d:HirePurchaseContracts d:WithinOneYear 2023-07-31 14250666 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-07-31 14250666 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-07-31 14250666 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-07-31 14250666 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-31 14250666 d:LeasedAssetsHeldAsLessee 2024-07-31 14250666 d:LeasedAssetsHeldAsLessee 2023-07-31 14250666 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14250666









ETN GLASS AND GUTTERS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
ETN GLASS AND GUTTERS LTD
REGISTERED NUMBER: 14250666

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
22,360
29,813

  
22,360
29,813

Current assets
  

Debtors: amounts falling due within one year
 5 
5,438
-

Cash at bank and in hand
 6 
11,307
11,388

  
16,745
11,388

Creditors: amounts falling due within one year
 7 
(14,170)
(13,144)

Net current assets/(liabilities)
  
 
 
2,575
 
 
(1,756)

Total assets less current liabilities
  
24,935
28,057

Creditors: amounts falling due after more than one year
 8 
(24,934)
(28,056)

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
 10 
1
1

  
1
1


Page 1

 
ETN GLASS AND GUTTERS LTD
REGISTERED NUMBER: 14250666
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 April 2025.




................................................
Thomas Robinson
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ETN GLASS AND GUTTERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the year was that of window installation services. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ETN GLASS AND GUTTERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ETN GLASS AND GUTTERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
ETN GLASS AND GUTTERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
38,251
1,500
39,751



At 31 July 2024

38,251
1,500
39,751



Depreciation


At 1 August 2023
9,563
375
9,938


Charge for the year on owned assets
7,172
281
7,453



At 31 July 2024

16,735
656
17,391



Net book value



At 31 July 2024
21,516
844
22,360



At 31 July 2023
28,688
1,125
29,813

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£


Motor vehicles
21,516
28,688

21,516
28,688


5.


Debtors

2024
2023
£
£


Other debtors
5,438
-

5,438
-


Page 6

 
ETN GLASS AND GUTTERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.Debtors (continued)

Included within other debtors is a loan to Thomas Robinson, the director, amounting to £5,438 (2023 - £Nil)




6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,307
11,388

11,307
11,388



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
156
-

Corporation tax
2,755
-

Other taxation and social security
5,358
199

Obligations under finance lease and hire purchase contracts
4,807
4,807

Other creditors
-
7,502

Accruals and deferred income
1,094
636

14,170
13,144





8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
24,934
28,056

24,934
28,056


Page 7

 
ETN GLASS AND GUTTERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
4,807
4,807

Between 1-5 years
23,232
28,056

28,039
32,863


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £215 (2023 - £59)


12.


Controlling party

The Company is controlled by the director, Thomas Robinson, by virtue of his shareholding as described in the director's report.

 
Page 8