Caseware UK (AP4) 2023.0.135 2023.0.135 3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3No description of principal activity2023-10-01falsetruetruefalse 04286058 2023-10-01 2024-09-30 04286058 2022-10-01 2023-09-30 04286058 2024-09-30 04286058 2023-09-30 04286058 c:Director1 2023-10-01 2024-09-30 04286058 c:RegisteredOffice 2023-10-01 2024-09-30 04286058 d:PlantMachinery 2023-10-01 2024-09-30 04286058 d:PlantMachinery 2024-09-30 04286058 d:PlantMachinery 2023-09-30 04286058 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04286058 d:MotorVehicles 2023-10-01 2024-09-30 04286058 d:MotorVehicles 2024-09-30 04286058 d:MotorVehicles 2023-09-30 04286058 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04286058 d:OfficeEquipment 2023-10-01 2024-09-30 04286058 d:OfficeEquipment 2024-09-30 04286058 d:OfficeEquipment 2023-09-30 04286058 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04286058 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04286058 d:Goodwill 2024-09-30 04286058 d:Goodwill 2023-09-30 04286058 d:CurrentFinancialInstruments 2024-09-30 04286058 d:CurrentFinancialInstruments 2023-09-30 04286058 d:Non-currentFinancialInstruments 2024-09-30 04286058 d:Non-currentFinancialInstruments 2023-09-30 04286058 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04286058 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04286058 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 04286058 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 04286058 d:ShareCapital 2024-09-30 04286058 d:ShareCapital 2023-09-30 04286058 d:RetainedEarningsAccumulatedLosses 2024-09-30 04286058 d:RetainedEarningsAccumulatedLosses 2023-09-30 04286058 c:OrdinaryShareClass1 2023-10-01 2024-09-30 04286058 c:OrdinaryShareClass1 2024-09-30 04286058 c:OrdinaryShareClass1 2023-09-30 04286058 c:FRS102 2023-10-01 2024-09-30 04286058 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04286058 c:AbridgedAccounts 2023-10-01 2024-09-30 04286058 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04286058 2 2023-10-01 2024-09-30 04286058 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04286058










MODGLASS (SOUTH YORKSHIRE) LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 30 September 2024

 
MODGLASS (SOUTH YORKSHIRE) LIMITED
 

Company Information


Director
Mr Justin Edward Oates 




Registered number
04286058



Registered office
70 Clarkehouse Road

Sheffield

S10 2LJ





 
MODGLASS (SOUTH YORKSHIRE) LIMITED
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Modglass (South Yorkshire) Limited for the year ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Modglass (South Yorkshire) Limited for the year ended 30 September 2024 which comprise the 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Modglass (South Yorkshire) Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Modglass (South Yorkshire) Limited and state those matters that we have agreed to state to the director of Modglass (South Yorkshire) Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Modglass (South Yorkshire) Limited and its director for our work or for this report. 

It is your duty to ensure that Modglass (South Yorkshire) 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 Modglass (South Yorkshire) Limited. You consider that Modglass (South Yorkshire) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Modglass (South Yorkshire) 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.

  



J S Bethell & Co.
 
Charted Accountants
  
70 Clarkehouse Road
Sheffield
S10 2LJ
27 June 2025
Page 1

 
MODGLASS (SOUTH YORKSHIRE) LIMITED
Registered number: 04286058

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
38,577
6,971

  
38,577
6,971

Current assets
  

Stocks
  
1,000
1,000

Debtors: amounts falling due within one year
 6 
67,408
50,525

Cash at bank and in hand
  
21,115
57,573

  
89,523
109,098

Creditors: amounts falling due within one year
 7 
(93,236)
(91,375)

Net current (liabilities)/assets
  
 
 
(3,713)
 
 
17,723

Total assets less current liabilities
  
34,864
24,694

Creditors: amounts falling due after more than one year
 8 
(27,220)
(13,334)

  

Net assets
  
7,644
11,360


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
7,544
11,260

  
7,644
11,360


Page 2

 
MODGLASS (SOUTH YORKSHIRE) LIMITED
Registered number: 04286058

Balance sheet (continued)
As at 30 September 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr Justin Edward Oates
Director

Date: 27 June 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
MODGLASS (SOUTH YORKSHIRE) LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

1.


General information

Modglass (South Yorkshire) Limited is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information page of these financial accounts.
The financial statements are presented in sterling which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
MODGLASS (SOUTH YORKSHIRE) LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Equipment
-
10%
straight line
Motor vehicles
-
25%
reducing balance
Office equipment
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
MODGLASS (SOUTH YORKSHIRE) LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 -3).

Page 6

 
MODGLASS (SOUTH YORKSHIRE) LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
5,000



At 30 September 2024

5,000



Amortisation


At 1 October 2023
5,000



At 30 September 2024

5,000



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 7

 
MODGLASS (SOUTH YORKSHIRE) LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
14,651
25,841
2,821
43,313


Additions
310
40,943
179
41,432


Disposals
-
(25,841)
-
(25,841)



At 30 September 2024

14,961
40,943
3,000
58,904



Depreciation


At 1 October 2023
13,732
22,060
550
36,342


Charge for the year on owned assets
127
7,609
289
8,025


Disposals
-
(24,040)
-
(24,040)



At 30 September 2024

13,859
5,629
839
20,327



Net book value



At 30 September 2024
1,102
35,314
2,161
38,577



At 30 September 2023
919
3,781
2,271
6,971


6.


Debtors

2024
2023
£
£


Trade debtors
22,840
15,395

Other debtors
44,568
35,130

67,408
50,525


Page 8

 
MODGLASS (SOUTH YORKSHIRE) LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,000
8,000

Trade creditors
35,937
58,649

Taxation and social security
9,923
23,038

Obligations under finance lease and hire purchase contracts
7,751
-

Other creditors
1,415
238

Accruals and deferred income
30,210
1,450

93,236
91,375



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,334
13,334

Net obligations under finance leases and hire purchase contracts
21,886
-

27,220
13,334



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 -100) Ordinary shares of £1 each
100
100



10.


Transactions with directors

Included within other debtors due within one year is a loan to a director, amounting to £44,568 (2023 - £35,130).
The loan is unsecured, repayable on demand and bears interest at 2.25%


Page 9