IRIS Accounts Production v25.1.0.734 02382061 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023820612023-07-31023820612024-07-31023820612023-08-012024-07-31023820612022-07-31023820612022-08-012023-07-31023820612023-07-3102382061ns15:EnglandWales2023-08-012024-07-3102382061ns14:PoundSterling2023-08-012024-07-3102382061ns10:Director12023-08-012024-07-3102382061ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3102382061ns10:SmallEntities2023-08-012024-07-3102382061ns10:AuditExemptWithAccountantsReport2023-08-012024-07-3102382061ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3102382061ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3102382061ns10:AbridgedAccounts2023-08-012024-07-3102382061ns10:Director22023-08-012024-07-3102382061ns10:CompanySecretary12023-08-012024-07-3102382061ns10:RegisteredOffice2023-08-012024-07-3102382061ns5:CurrentFinancialInstruments2024-07-3102382061ns5:CurrentFinancialInstruments2023-07-3102382061ns5:Non-currentFinancialInstruments2024-07-3102382061ns5:Non-currentFinancialInstruments2023-07-3102382061ns5:ShareCapital2024-07-3102382061ns5:ShareCapital2023-07-3102382061ns5:RevaluationReserve2024-07-3102382061ns5:RevaluationReserve2023-07-3102382061ns5:RetainedEarningsAccumulatedLosses2024-07-3102382061ns5:RetainedEarningsAccumulatedLosses2023-07-3102382061ns5:PlantMachinery2023-08-012024-07-3102382061ns5:FurnitureFittings2023-08-012024-07-3102382061ns5:MotorVehicles2023-08-012024-07-3102382061ns5:RevaluationReserve2023-07-31
REGISTERED NUMBER: 02382061 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

MIDDLESBROUGH GLASS AND GLAZING LIMITED

MIDDLESBROUGH GLASS AND GLAZING LIMITED (REGISTERED NUMBER: 02382061)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

MIDDLESBROUGH GLASS AND GLAZING LIMITED

Company Information
for the Year Ended 31 July 2024







Directors: D Webb
Main-Tel (NE) Limited





Secretary: J P Webb





Registered office: Unit A7 Commerce Way
Skippers Lane Industrial Estate
Middlesbrough
Cleveland
TS6 6UR





Registered number: 02382061 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

MIDDLESBROUGH GLASS AND GLAZING LIMITED (REGISTERED NUMBER: 02382061)

Abridged Balance Sheet
31 July 2024

31/7/24 31/7/23
Notes £    £    £   
Fixed assets
Tangible assets 4 29,504 37,041

Current assets
Stocks 109,250 73,780
Debtors 23,961 38,313
Cash at bank and in hand 5,547 7,436
138,758 119,529
Creditors
Amounts falling due within one year 139,169 134,522
Net current liabilities (411 ) (14,993 )
Total assets less current liabilities 29,093 22,048

Creditors
Amounts falling due after more than one
year

-

2,934
Net assets 29,093 19,114

Capital and reserves
Called up share capital 200 200
Revaluation reserve 6 14,900 21,533
Retained earnings 13,993 (2,619 )
Shareholders' funds 29,093 19,114

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.

MIDDLESBROUGH GLASS AND GLAZING LIMITED (REGISTERED NUMBER: 02382061)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 April 2025 and were signed on its behalf by:





D Webb - Director


MIDDLESBROUGH GLASS AND GLAZING LIMITED (REGISTERED NUMBER: 02382061)

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

1. STATUTORY INFORMATION

Middlesbrough Glass And Glazing 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.

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


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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to stage of completion of work done.

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 - 25% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - at variable rates on reducing balance

Stocks and work in progress
Stock has been valued at the lower of cost and estimated selling price less costs to sell. Work in progress includes costs including overheads according to stage of manufacture / completion.

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.

MIDDLESBROUGH GLASS AND GLAZING LIMITED (REGISTERED NUMBER: 02382061)

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 August 2023
and 31 July 2024 62,900
DEPRECIATION
At 1 August 2023 25,859
Charge for year 7,537
At 31 July 2024 33,396
NET BOOK VALUE
At 31 July 2024 29,504
At 31 July 2023 37,041

Cost or valuation at 31 July 2024 is represented by:

Totals
£   
Valuation in 2022 (26,316 )
Valuation in 2023 (6,320 )
Cost 95,536
62,900

If tangible fixed assets had not been revalued it would have been included at the following historical cost:

31/7/24 31/7/23
£    £   
Cost 95,536 95,536
Aggregate depreciation 80,928 80,062

Tangible fixed assets were valued on an open market basis on 31 July 2024 by the directors. .

MIDDLESBROUGH GLASS AND GLAZING LIMITED (REGISTERED NUMBER: 02382061)

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

4. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST OR VALUATION
At 1 August 2023
and 31 July 2024 13,500
DEPRECIATION
At 1 August 2023
and 31 July 2024 1,501
NET BOOK VALUE
At 31 July 2024 11,999
At 31 July 2023 11,999

5. SECURED DEBTS

The following secured debts are included within creditors:

31/7/24 31/7/23
£    £   
Hire purchase contracts 2,638 5,898

Hire purchase liabilities are secured via the asset to which they relate.

6. RESERVES
Revaluation
reserve
£   
At 1 August 2023 21,533
Transfer (6,633 )

At 31 July 2024 14,900

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Middlesbrough Glass And Glazing Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Middlesbrough Glass And Glazing Limited for the year ended 31 July 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Middlesbrough Glass And Glazing Limited, as a body, in accordance with the terms of our engagement letter dated 12 April 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Middlesbrough Glass And Glazing Limited and state those matters that we have agreed to state to the Board of Directors of Middlesbrough Glass And Glazing Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Middlesbrough Glass And Glazing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Middlesbrough Glass And Glazing Limited. You consider that Middlesbrough Glass And Glazing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Middlesbrough Glass And Glazing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


25 April 2025