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Company Registration No. 04863758 (England and Wales)
Bromyard Glass Limited Unaudited accounts for the year ended 31 August 2024
Bromyard Glass Limited Unaudited accounts Contents
Page
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Bromyard Glass Limited Company Information for the year ended 31 August 2024
Directors
Gillian Mary James Bryan David James Benjamin Alan James
Secretary
Gillian Mary James
Company Number
04863758 (England and Wales)
Registered Office
C/O BROMYARD GLASS, GLENDOWER ROAD, SOUTHERN AVENUE INDUSTRIAL ESTATE, LEOMINSTER HEREFORDSHIRE HR6 0RL
Accountants
The Practice - Chartered Management Accountants 2 New Street Ledbury Herefordshire HR8 2DX
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Bromyard Glass Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
124 
1,974 
Tangible assets
37,742 
44,235 
37,866 
46,209 
Current assets
Inventories
57,876 
33,465 
Debtors
49,318 
65,544 
Cash at bank and in hand
39,102 
47,055 
146,296 
146,064 
Creditors: amounts falling due within one year
(53,846)
(53,250)
Net current assets
92,450 
92,814 
Total assets less current liabilities
130,316 
139,023 
Provisions for liabilities
Deferred tax
(6,975)
(10,177)
Net assets
123,341 
128,846 
Capital and reserves
Called up share capital
220 
220 
Share premium
1,480 
1,480 
Profit and loss account
121,641 
127,146 
Shareholders' funds
123,341 
128,846 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by
Bryan David James Director Company Registration No. 04863758
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Bromyard Glass Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Bromyard Glass Limited is a private company, limited by shares, registered in England and Wales, registration number 04863758. The registered office is C/O BROMYARD GLASS, GLENDOWER, ROAD, SOUTHERN AVENUE, INDUSTRIAL ESTATE, LEOMINSTER, HEREFORDSHIRE, HR6 0RL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Leashold Property Improvements 50% on cost
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
33% on cost
Intangible fixed assets
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is twenty years. Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date if the fair value can be measured reliably. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis. Patents and licences: 5% on cost
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Bromyard Glass Limited Notes to the Accounts for the year ended 31 August 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Deferred taxation
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion. Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential
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Bromyard Glass Limited Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 September 2023
36,000 
999 
36,999 
At 31 August 2024
36,000 
999 
36,999 
Amortisation
At 1 September 2023
34,200 
825 
35,025 
Charge for the year
1,800 
50 
1,850 
At 31 August 2024
36,000 
875 
36,875 
Net book value
At 31 August 2024
- 
124 
124 
At 31 August 2023
1,800 
174 
1,974 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
2,517 
151,764 
32,460 
4,979 
28,463 
220,183 
Additions
- 
- 
- 
- 
891 
891 
At 31 August 2024
2,517 
151,764 
32,460 
4,979 
29,354 
221,074 
Depreciation
At 1 September 2023
2,517 
128,984 
12,680 
4,814 
26,953 
175,948 
Charge for the year
- 
2,288 
3,955 
20 
1,121 
7,384 
At 31 August 2024
2,517 
131,272 
16,635 
4,834 
28,074 
183,332 
Net book value
At 31 August 2024
- 
20,492 
15,825 
145 
1,280 
37,742 
At 31 August 2023
- 
22,780 
19,780 
165 
1,510 
44,235 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
40,833 
57,220 
Accrued income and prepayments
6,656 
5,372 
Other debtors
1,829 
2,952 
49,318 
65,544 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
21,625 
20,141 
Taxes and social security
24,773 
23,870 
Other creditors
2,300 
1,487 
Loans from directors
5,148 
7,752 
53,846 
53,250 
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Bromyard Glass Limited Notes to the Accounts for the year ended 31 August 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
154 Ordinary A of £1 each
154 
154 
66 Ordinary B of £1 each
66 
66 
220 
220 
9
Transactions with related parties
Directors' Loan - Loans from Directors 0% interest, with no set repayment date. Loan £5,148 (2023 - £7,752)
10
Controlling party
The Ultimate controlling party is Mr B D James and Mrs GM James
11
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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