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REGISTERED NUMBER: 04308929 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Home Glazing Improvements Limited

Home Glazing Improvements Limited (Registered number: 04308929)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Home Glazing Improvements Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D T Bailey
Mrs J Bailey
D Ginesi





SECRETARY: Mrs J Bailey





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 04308929 (England and Wales)





ACCOUNTANTS: Chaves LLP
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Home Glazing Improvements Limited (Registered number: 04308929)

Abridged Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 96,367 149,127
Investments 6 100 100
96,467 149,227

CURRENT ASSETS
Stocks 149,186 186,134
Debtors 237,930 370,750
Cash at bank and in hand 23,383 96,826
410,499 653,710
CREDITORS
Amounts falling due within one year 594,677 726,386
NET CURRENT LIABILITIES (184,178 ) (72,676 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(87,711

)

76,551

CREDITORS
Amounts falling due after more than one
year

69,366

94,521
NET LIABILITIES (157,077 ) (17,970 )

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings (207,077 ) (67,970 )
SHAREHOLDERS' FUNDS (157,077 ) (17,970 )

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

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

Home Glazing Improvements Limited (Registered number: 04308929)

Abridged Balance Sheet - continued
31 August 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 August 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 15 April 2025 and were signed on its behalf by:





D T Bailey - Director


Home Glazing Improvements Limited (Registered number: 04308929)

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

1. STATUTORY INFORMATION

Home Glazing Improvements 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.

The accounts have been prepared on a going concern basis, based on the continued financial support of the Directors.

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 0, is being amortised evenly over its estimated useful life of nil 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.
Showroom displays - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Home Glazing Improvements Limited (Registered number: 04308929)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 479,902
AMORTISATION
At 1 September 2023
and 31 August 2024 479,902
NET BOOK VALUE

At 31 August 2024 -
At 31 August 2023 -

Home Glazing Improvements Limited (Registered number: 04308929)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 590,303
Additions 22,861
At 31 August 2024 613,164
DEPRECIATION
At 1 September 2023 441,176
Charge for year 75,621
At 31 August 2024 516,797
NET BOOK VALUE
At 31 August 2024 96,367
At 31 August 2023 149,127

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

Totals
£   
COST
At 1 September 2023
and 31 August 2024 163,699
DEPRECIATION
At 1 September 2023 64,704
Charge for year 40,551
At 31 August 2024 105,255
NET BOOK VALUE
At 31 August 2024 58,444
At 31 August 2023 98,995

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 September 2023
and 31 August 2024 100
NET BOOK VALUE
At 31 August 2024 100
At 31 August 2023 100

Home Glazing Improvements Limited (Registered number: 04308929)

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

7. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,800 10,846

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,326 17,487

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
50,000 Ordinary £1 50,000 50,000