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Company No: 08314069 (England and Wales)

HANDMADE GLASS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

HANDMADE GLASS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024

Contents

HANDMADE GLASS LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
HANDMADE GLASS LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
DIRECTORS S H Downs
Mrs S L Downs
REGISTERED OFFICE 253 Connaught Road
Brookwood
Woking
GU24 0AE
United Kingdom
COMPANY NUMBER 08314069 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
HANDMADE GLASS LIMITED

BALANCE SHEET

AS AT 30 NOVEMBER 2024
HANDMADE GLASS LIMITED

BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 6,449 20,570
6,449 20,570
Current assets
Debtors 4 18,220 8,942
Cash at bank and in hand 23,621 122,059
41,841 131,001
Creditors: amounts falling due within one year 5 ( 90,766) ( 145,175)
Net current liabilities (48,925) (14,174)
Total assets less current liabilities (42,476) 6,396
Net (liabilities)/assets ( 42,476) 6,396
Capital and reserves
Called-up share capital 2 2
Profit and loss account ( 42,478 ) 6,394
Total shareholders' (deficit)/funds ( 42,476) 6,396

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

Directors' responsibilities:

The financial statements of Handmade Glass Limited (registered number: 08314069) were approved and authorised for issue by the Board of Directors on 23 May 2025. They were signed on its behalf by:

Mrs S L Downs
Director
S H Downs
Director
HANDMADE GLASS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
HANDMADE GLASS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Handmade Glass Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 253 Connaught Road, Brookwood, Woking, GU24 0AE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 4 years straight line
Fixtures and fittings 4 years straight line
Computer equipment 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Hire Purchase and leasing commitments

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 December 2023 20,085 12,158 39,540 71,783
Additions 0 228 0 228
At 30 November 2024 20,085 12,386 39,540 72,011
Accumulated depreciation
At 01 December 2023 14,227 9,313 27,673 51,213
Charge for the financial year 5,021 2,183 7,145 14,349
At 30 November 2024 19,248 11,496 34,818 65,562
Net book value
At 30 November 2024 837 890 4,722 6,449
At 30 November 2023 5,858 2,845 11,867 20,570

4. Debtors

2024 2023
£ £
Trade debtors 7,786 8,342
Other debtors 10,434 600
18,220 8,942

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 21 7
Amounts owed to directors 87,329 114,926
Accruals 2,406 2,408
Taxation and social security 1,010 27,834
90,766 145,175