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REGISTERED NUMBER: 02828940 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

N&C GLASS LTD.

N&C GLASS LTD. (REGISTERED NUMBER: 02828940)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N&C GLASS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: N C Flack
M Gaillard
M J Seymour





REGISTERED OFFICE: 103 Lancaster Way
Ely
Cambridgeshire
CB6 3NX





REGISTERED NUMBER: 02828940 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

N&C GLASS LTD. (REGISTERED NUMBER: 02828940)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 35,067 136,274

CURRENT ASSETS
Stocks 254,210 206,200
Debtors 6 536,186 399,105
Cash at bank 124,628 217,173
915,024 822,478
CREDITORS
Amounts falling due within one year 7 (604,095 ) (514,959 )
NET CURRENT ASSETS 310,929 307,519
TOTAL ASSETS LESS CURRENT LIABILITIES 345,996 443,793

CREDITORS
Amounts falling due after more than one year 8 (94,618 ) (196,814 )
NET ASSETS 251,378 246,979

CAPITAL AND RESERVES
Called up share capital 11 103 103
Other reserves 1 1
Retained earnings 251,274 246,875
SHAREHOLDERS' FUNDS 251,378 246,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

N&C GLASS LTD. (REGISTERED NUMBER: 02828940)

BALANCE SHEET - continued
30 JUNE 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





M J Seymour - Director


N&C GLASS LTD. (REGISTERED NUMBER: 02828940)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

N&C Glass Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on cost

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 29 ) .

N&C GLASS LTD. (REGISTERED NUMBER: 02828940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 629,516
Disposals (184,043 )
At 30 June 2024 445,473
DEPRECIATION
At 1 July 2023 493,242
Charge for year 52,692
Eliminated on disposal (135,528 )
At 30 June 2024 410,406
NET BOOK VALUE
At 30 June 2024 35,067
At 30 June 2023 136,274

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 58,679
DEPRECIATION
At 1 July 2023 18,337
Charge for year 14,670
At 30 June 2024 33,007
NET BOOK VALUE
At 30 June 2024 25,672
At 30 June 2023 40,342

N&C GLASS LTD. (REGISTERED NUMBER: 02828940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 510,651 377,211
Other debtors 25,535 21,894
536,186 399,105

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 97,956 99,084
Hire purchase contracts (see note 9) 4,526 4,177
Payments on account 135,669 94,427
Trade creditors 166,259 160,431
Taxation and social security 180,934 141,686
Other creditors 18,751 15,154
604,095 514,959

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 69,506 167,524
Hire purchase contracts (see note 9) 25,112 29,290
94,618 196,814

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 4,526 4,177
Between one and five years 25,112 29,290
29,638 33,467

N&C GLASS LTD. (REGISTERED NUMBER: 02828940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 167,462 266,608
Hire purchase contracts 29,638 33,467
197,100 300,075

Bank loans are secured by way of a fixed and floating charge over the assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
103 103

12. ULTIMATE CONTROLLING PARTY

The controlling party is N C Flack.