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Registration number: 12710035

R&S Glazing Services UK Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 July 2024

 

R&S Glazing Services UK Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

R&S Glazing Services UK Ltd

Company Information

Directors

Mr M J Ross

Mrs N A Ross

Mrs V E Carr

Registered office

3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

Accountants

GW Kelly & Co
Chartered Certified Accountants
3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

 

R&S Glazing Services UK Ltd

(Registration number: 12710035)
Balance Sheet as at 30 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

180,745

204,931

Current assets

 

Stocks

5

37,235

41,500

Debtors

6

143,570

58,855

Cash at bank and in hand

 

7,227

4,610

 

188,032

104,965

Creditors: Amounts falling due within one year

7

(298,765)

(242,672)

Net current liabilities

 

(110,733)

(137,707)

Net assets

 

70,012

67,224

Capital and reserves

 

Called up share capital

8

8

Retained earnings

70,004

67,216

Shareholders' funds

 

70,012

67,224

For the financial year ending 30 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 April 2025 and signed on its behalf by:
 

 

R&S Glazing Services UK Ltd

(Registration number: 12710035)
Balance Sheet as at 30 July 2024

.........................................
Mr M J Ross
Director

 

R&S Glazing Services UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

The principal place of business is:
Trident House
2 Rusell Street
Birkenhead
Merseyside
CH41 3PD

These financial statements were authorised for issue by the Board on 23 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

R&S Glazing Services UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20 % reducing balance

Leasehold Improvements

5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

R&S Glazing Services UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 31 July 2023

120,000

138,604

258,604

At 30 July 2024

120,000

138,604

258,604

Depreciation

At 31 July 2023

6,000

47,673

53,673

Charge for the year

6,000

18,186

24,186

At 30 July 2024

12,000

65,859

77,859

Carrying amount

At 30 July 2024

108,000

72,745

180,745

At 30 July 2023

114,000

90,931

204,931

Included within the net book value of land and buildings above is £108,000 (2023 - £114,000) in respect of long leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

37,235

41,500

 

R&S Glazing Services UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

103,696

21,492

Other debtors

39,874

37,363

 

143,570

58,855

 

R&S Glazing Services UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 July 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

141,827

81,692

Taxation and social security

3,225

2,850

Other creditors

153,713

158,130

298,765

242,672