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REGISTERED NUMBER: 09752203 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Jj Glassby Limited

Jj Glassby Limited (Registered number: 09752203)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jj Glassby Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: J J Glassby
C Glassby





SECRETARY:





REGISTERED OFFICE: 3 Grove Park
Beverley
Yorkshire
HU17 9JU





REGISTERED NUMBER: 09752203 (England and Wales)





ACCOUNTANTS: Andrew Cooper & Company
Chartered Accountants
650 Anlaby Road
Kingston upon Hull
East Yorkshire
HU3 6UU

Jj Glassby Limited (Registered number: 09752203)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 241,813 249,964
Tangible assets 5 1,439,413 1,478,769
Investments 6 447,839 447,839
2,129,065 2,176,572

CURRENT ASSETS
Stocks 2,190 3,450
Cash at bank and in hand 8,090 23,184
10,280 26,634
CREDITORS
Amounts falling due within one year 7 223,592 292,181
NET CURRENT LIABILITIES (213,312 ) (265,547 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,915,753

1,911,025

CREDITORS
Amounts falling due after more than one
year

8

1,392,448

1,474,518
NET ASSETS 523,305 436,507

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 523,205 436,407
SHAREHOLDERS' FUNDS 523,305 436,507

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Jj Glassby Limited (Registered number: 09752203)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 April 2025 and were signed on its behalf by:





J J Glassby - Director


Jj Glassby Limited (Registered number: 09752203)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Jj Glassby 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 2022, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 10% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Jj Glassby Limited (Registered number: 09752203)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 271,700
AMORTISATION
At 1 August 2023 21,736
Charge for year 8,151
At 31 July 2024 29,887
NET BOOK VALUE
At 31 July 2024 241,813
At 31 July 2023 249,964

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 1,347,780 238,209 1,585,989
Additions - 11,383 11,383
At 31 July 2024 1,347,780 249,592 1,597,372
DEPRECIATION
At 1 August 2023 52,719 54,501 107,220
Charge for year 26,955 23,784 50,739
At 31 July 2024 79,674 78,285 157,959
NET BOOK VALUE
At 31 July 2024 1,268,106 171,307 1,439,413
At 31 July 2023 1,295,061 183,708 1,478,769

Jj Glassby Limited (Registered number: 09752203)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 142,794
DEPRECIATION
At 1 August 2023 37,820
Charge for year 14,274
At 31 July 2024 52,094
NET BOOK VALUE
At 31 July 2024 90,700
At 31 July 2023 104,974

6. FIXED ASSET INVESTMENTS
Interest
in
associate
undertaking
£   
COST
At 1 August 2023
and 31 July 2024 447,839
NET BOOK VALUE
At 31 July 2024 447,839
At 31 July 2023 447,839

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 44,275 87,880
Hire purchase contracts 6,749 6,749
Trade creditors 3,490 18,808
Taxation and social security 68,024 38,532
Other creditors 101,054 140,212
223,592 292,181

Jj Glassby Limited (Registered number: 09752203)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 1,348,200 1,333,521
Hire purchase contracts 44,248 50,997
Other creditors - 90,000
1,392,448 1,474,518