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REGISTERED NUMBER: 00981564 (England and Wales)

































Unaudited Financial Statements

For The Period

1 June 2023 to 30 September 2024

for

ESQUIRE GLASS (MANCHESTER) LTD

ESQUIRE GLASS (MANCHESTER) LTD (REGISTERED NUMBER: 00981564)






Contents of the Financial Statements
For The Period 1 June 2023 to 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ESQUIRE GLASS (MANCHESTER) LTD

Company Information
For The Period 1 June 2023 to 30 September 2024







DIRECTORS: Mrs D Lockett
Mr K P Lockett





SECRETARY: Mrs D Lockett





REGISTERED OFFICE: Williams Works
Platt Street
Padfield
Glossop
Derbyshire
SK13 1EB





REGISTERED NUMBER: 00981564 (England and Wales)





ACCOUNTANTS: Leavitt Walmsley Associates Limited
Chartered Certified Accountants
8 Eastway
Sale
Cheshire
M33 4DX

ESQUIRE GLASS (MANCHESTER) LTD (REGISTERED NUMBER: 00981564)

Abridged Balance Sheet
30 September 2024

30.9.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,717,206 1,674,106
Investments 5 480,154 415,586
2,197,360 2,089,692

CURRENT ASSETS
Stocks 302,413 307,185
Debtors 891,009 1,014,431
Cash at bank 98,783 156,359
1,292,205 1,477,975
CREDITORS
Amounts falling due within one year 1,114,941 1,025,068
NET CURRENT ASSETS 177,264 452,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,374,624

2,542,599

CREDITORS
Amounts falling due after more than one year (164,028 ) (301,826 )

PROVISIONS FOR LIABILITIES (181,820 ) (263,028 )
NET ASSETS 2,028,776 1,977,745

CAPITAL AND RESERVES
Called up share capital 630 63
Capital redemption reserve 37 37
Non-distributable reserves 745,187 535,832
Retained earnings 1,282,922 1,441,813
SHAREHOLDERS' FUNDS 2,028,776 1,977,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

ESQUIRE GLASS (MANCHESTER) LTD (REGISTERED NUMBER: 00981564)

Abridged Balance Sheet - continued
30 September 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 Balance Sheet for the period ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:





Mr K P Lockett - Director


ESQUIRE GLASS (MANCHESTER) LTD (REGISTERED NUMBER: 00981564)

Notes to the Financial Statements
For The Period 1 June 2023 to 30 September 2024

1. STATUTORY INFORMATION

Esquire Glass (Manchester) Ltd 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 the provisions of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including 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.

The company's policy of revenue recognition is to recognise a sale when the contractual obligations to the customer have been fulfilled. For contracts where obligations to the customer have not been fulfilled, but have been invoiced the sale is recognised within deferred income in current liabilities until such time a right to consideration arises.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken within the United Kingdom.

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.
Freehold property - 2% on cost
Plant and machinery - 12.5% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs which are directly attributable in bringing the asset to its location and condition so that it is capable of operating in the manner intended by management.

Residual values used in the calculation of depreciable amount are the expected amounts which would currently be obtained from disposal of assets, after deducting the estimated costs of disposal, if the assets were already of the age and in the condition expected at the end of their useful lives.

Profits and losses on the disposal of fixed assets are included in the calculation of profit for the period.

The directors assess the company's tangible assets for evidence of impairment at each reporting date. Where there are indicators of impairment, the directors calculate recoverable amount of the asset(s) and compare this with the carrying amount. If recoverable amount is lower than carrying amount, the asset is written down to recoverable amount by way of an impairment loss which is recognised in profit or loss for the period. Impairment losses are reversed when there is evidence that the reasons giving rise to the original impairment have ceased to apply. Impairment losses are reversed through profit and loss but only to the extent that the reversal does not increase the carrying amount of the asset to the amount which would have been stated, net of depreciation, had no impairment loss been recognised.

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

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, freight, irrecoverable taxes and costs of conversion and other directly attributable costs which are incurred by the entity in bringing the stock to its present location and condition. The cost methodology employed by the entity is the first-in first-out method.

ESQUIRE GLASS (MANCHESTER) LTD (REGISTERED NUMBER: 00981564)

Notes to the Financial Statements - continued
For The Period 1 June 2023 to 30 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit or loss. All other investments are subsequently measured at cost less impairment.

Debtors and creditors which fall due within one year are recorded in the financial statements at transaction price and subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded in profit or loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt.

Debtors do not carry interest and are stated at their nominal value.

Trade creditors are not interest-bearing and are stated at their nominal value.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. Deferred tax is calculated using timing difference plus approach.

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 period 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 the profit and loss account using the effective interest method under Section 11 of FRS 102 ‘Basic Financial Instruments’. The capital element of the liability is presented in the balance sheet as a liability and split between the portion falling due within one year and the portion falling due after more than one year.

ESQUIRE GLASS (MANCHESTER) LTD (REGISTERED NUMBER: 00981564)

Notes to the Financial Statements - continued
For The Period 1 June 2023 to 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year with an associated expense in profit or loss.

Management income
Management income are recognised in profit or loss when the company becomes entitles to receipt of the charge. Management income falling due but not paid are recognised as debtors and presented as current assets and measured at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 39 (2023 - 42 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 June 2023 3,705,855
Additions 55,320
Disposals (238,134 )
Revaluations 279,141
At 30 September 2024 3,802,182
DEPRECIATION
At 1 June 2023 2,031,749
Charge for period 275,582
Eliminated on disposal (222,355 )
At 30 September 2024 2,084,976
NET BOOK VALUE
At 30 September 2024 1,717,206
At 31 May 2023 1,674,106

Cost or valuation at 30 September 2024 is represented by:

Totals
£   
Valuation in 2024 279,141
Cost 3,523,041
3,802,182

Freehold property was valued on an open market basis basis on 31 May 2022 by Sanderson Weatherall LLP .

ESQUIRE GLASS (MANCHESTER) LTD (REGISTERED NUMBER: 00981564)

Notes to the Financial Statements - continued
For The Period 1 June 2023 to 30 September 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 June 2023 199,508
Additions 51,982
Disposals (25,050 )
At 30 September 2024 226,440
DEPRECIATION
At 1 June 2023 56,445
Charge for period 48,552
Eliminated on disposal (9,271 )
At 30 September 2024 95,726
NET BOOK VALUE
At 30 September 2024 130,714
At 31 May 2023 143,063

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 June 2023 415,586
Additions 100,000
Disposals (8,000 )
Revaluations (27,432 )
At 30 September 2024 480,154
NET BOOK VALUE
At 30 September 2024 480,154
At 31 May 2023 415,586

Cost or valuation at 30 September 2024 is represented by:
Totals
£   
Cost 480,154

ESQUIRE GLASS (MANCHESTER) LTD (REGISTERED NUMBER: 00981564)

Notes to the Financial Statements - continued
For The Period 1 June 2023 to 30 September 2024

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 31.5.23
£    £   
Net obligations repayable:
Within one year 70,290 59,428
Between one and five years 103,289 160,600
173,579 220,028

Non-cancellable operating leases
30.9.24 31.5.23
£    £   
Within one year 20,224 -
Between one and five years 2,815 -
23,039 -

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 31.5.23
£    £   
Bank overdrafts 366,592 384,973
Bank loans 277,421 371,236
Hire purchase contracts 173,579 220,028
817,592 976,237

Bank loans and overdrafts are secured by a legal charge over the assets of the business dated 08 August 2008.

Assets obtained under hire purchase and finance leases are secured over the assets to which they relate.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors was indebted to the company in the sum £128,714 (2023: £70,714). The advances were interest-free and were repayable on demand. No amounts were written off or waived.