Company registration number 01230670 (England and Wales)
EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
COMPANY INFORMATION
Directors
Mr D Parker
(Appointed 1 December 2023)
Mr N Ward
Mr M Hughes
Mr R J Saunders
Mr P G Dennison
Company number
01230670
Registered office
Wiltshire Road
Dairycoates Industrial Estate
Hull
East Yorkshire
HU4 6QQ
Auditor
Dutton Moore
Aldgate House
1-4 Market Place
Hull
East Yorkshire
HU1 1RS
Business address
Wiltshire Road
Dairycoates Industrial Estate
Hull
East Yorkshire
HU4 6QQ
EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Independent auditor's report
3 - 5
Profit and loss account
6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Notes to the financial statements
10 - 19
EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2024
- 1 -

The directors present the strategic report for the year ended 31 October 2024.

Review of the business

EYG aims to provide exceptional products coupled with excellent customer service to support its aim of becoming a national brand in the home improvement sector. The company has continued to build during the difficulties created by the economic downturn. 2023-2024 has shown that our strategic planning, our control of our cost base, our reputation for quality in the market and our strong relationship with our supply chain partners, have proved to be the ingredients for a successful year.

 

New product lines are continuing to come to fruition and based on the strong order book for 2024-2025, it looks to be another successful year when the industry as a whole is suffering a downturn. The group has continued to invest and innovate in an attempt to gain market share, 2023-2024 has seen the group create a new route to market through their online platform Kingston Windows and Doors, adding to the EYG brand portfolio.

 

Given the straightforward nature of the businesses, the company's directors are still of the opinion that an analysis using KPI's is not necessary for an understanding of the development, performance or position of the business.

Principal risks and uncertainties

The board feel that most of the risk factors being faced have been identified and mitigated. Principle concerns for us in the coming periods remain the rising costs of raw materials coupled with unprecedented inflation and high interest rates causing the cost-of-living crisis. The threat of a recession is something that also requires monitoring. However, the company over its 50 plus years has faced issues before and has adequate plans in place to deal with these risks if and when they arrive.

On behalf of the board

Mr N Ward
Director
12 June 2025
EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -

The directors present their annual report and financial statements for the year ended 31 October 2024.

Principal activities

The principal activity of the company continued to be that of manufacture of builders ware of plastic.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr J Bingham
(Resigned 1 February 2025)
Mr D Parker
(Appointed 1 December 2023)
Mr N Ward
Mr M Hughes
Mr R J Saunders
Mr P G Dennison
Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

 

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
Mr N Ward
Director
12 June 2025
EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
- 3 -
Opinion

We have audited the financial statements of East Yorkshire Aluminium & Glass Limited (the 'company') for the year ended 31 October 2024 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EAST YORKSHIRE ALUMINIUM & GLASS LIMITED (CONTINUED)
- 4 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

 

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 

 

Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit has been properly planned and performed in accordance with auditing standards (ISAs (UK)).

 

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EAST YORKSHIRE ALUMINIUM & GLASS LIMITED (CONTINUED)
- 5 -

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Wilson FCCA
Senior Statutory Auditor
For and on behalf of Dutton Moore
12 June 2025
Chartered Accountants
Statutory Auditor
Aldgate House
1-4 Market Place
Hull
East Yorkshire
HU1 1RS
EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
2024
2023
Notes
£
£
Turnover
9,111,491
8,702,894
Cost of sales
(6,486,536)
(6,654,303)
Gross profit
2,624,955
2,048,591
Administrative expenses
(2,617,071)
(1,996,273)
Other operating income
22,208
53,000
Operating profit
3
30,092
105,318
Interest payable and similar expenses
6
(3,362)
-
0
Profit before taxation
26,730
105,318
Tax on profit
7
1,768
(23,605)
Profit for the financial year
28,498
81,713

The profit and loss account has been prepared on the basis that all operations are continuing operations.

EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 OCTOBER 2024
- 7 -
2024
2023
£
£
Profit for the year
28,498
81,713
Other comprehensive income
-
-
Total comprehensive income for the year
28,498
81,713
EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 8 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
9
74,024
75,225
Current assets
Stocks
10
677,518
542,694
Debtors
11
2,044,592
2,161,934
Cash at bank and in hand
178,056
305,051
2,900,166
3,009,679
Creditors: amounts falling due within one year
12
(1,817,800)
(1,246,869)
Net current assets
1,082,366
1,762,810
Total assets less current liabilities
1,156,390
1,838,035
Creditors: amounts falling due after more than one year
13
-
0
(26,868)
Provisions for liabilities
Deferred tax liability
16
18,506
1,781
(18,506)
(1,781)
Net assets
1,137,884
1,809,386
Capital and reserves
Called up share capital
18
7,705
7,705
Share premium account
19
165,963
165,963
Capital redemption reserve
20
45
45
Profit and loss reserves
21
964,171
1,635,673
Total equity
1,137,884
1,809,386

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

The financial statements were approved by the board of directors and authorised for issue on 12 June 2025 and are signed on its behalf by:
Mr N Ward
Director
Company registration number 01230670 (England and Wales)
EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024
- 9 -
Share capital
Share premium account
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 November 2022
7,705
165,963
45
1,553,960
1,727,673
Year ended 31 October 2023:
Profit and total comprehensive income
-
-
-
81,713
81,713
Balance at 31 October 2023
7,705
165,963
45
1,635,673
1,809,386
Year ended 31 October 2024:
Profit and total comprehensive income
-
-
-
28,498
28,498
Dividends
8
-
-
-
(700,000)
(700,000)
Balance at 31 October 2024
7,705
165,963
45
964,171
1,137,884
EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 10 -
1
Accounting policies
Company information

East Yorkshire Aluminium & Glass Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wiltshire Road, Dairycoates Industrial Estate, Hull, East Yorkshire, HU4 6QQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
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.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance

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.

EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 11 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 12 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 13 -
Deferred tax

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.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 14 -
3
Operating profit
2024
2023
Operating profit for the year is stated after charging/(crediting):
£
£
Depreciation of owned tangible fixed assets
21,280
30,429
Loss/(profit) on disposal of tangible fixed assets
2,327
(9,368)
Operating lease charges
92,617
104,276
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Production, installation and sales
35
53
Management and admin
22
19
Total
57
72

Their aggregate remuneration comprised:

2024
2023
£
£
Wages and salaries
2,037,531
2,055,482
Social security costs
215,073
154,689
Pension costs
68,208
71,408
2,320,812
2,281,579
5
Directors' remuneration
2024
2023
£
£
Remuneration for qualifying services
150,595
74,829
Company pension contributions to defined contribution schemes
-
9,903
150,595
84,732

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2023 - 2).

EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 15 -
6
Interest payable and similar expenses
2024
2023
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
555
-
Other finance costs:
Interest on finance leases and hire purchase contracts
2,807
-
3,362
-
0
7
Taxation
2024
2023
£
£
Current tax
Adjustments in respect of prior periods
(18,493)
-
0
Deferred tax
Origination and reversal of timing differences
16,725
23,605
Total tax (credit)/charge
(1,768)
23,605

The actual (credit)/charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2024
2023
£
£
Profit before taxation
26,730
105,318
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 25.00%)
6,683
26,330
Tax effect of expenses that are not deductible in determining taxable profit
13,648
-
0
Tax effect of income not taxable in determining taxable profit
-
0
(959)
Tax effect of utilisation of tax losses not previously recognised
(15,675)
-
0
Adjustments in respect of prior years
(4,623)
(1,766)
Effect of change in corporation tax rate
(1,326)
-
0
Permanent capital allowances in excess of depreciation
(5,708)
-
0
Deferred tax adjustments in respect of prior years
4,181
-
0
Taxation (credit)/charge for the year
(2,820)
23,605
Taxation (credit)/charge in the financial statements
(1,768)
23,605
Reconciliation - the current year tax charge does not reconcile to the above analysis.  Please review figures in the database.
(1,052)
-
EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 16 -
8
Dividends
2024
2023
£
£
Final paid
700,000
-
0
9
Tangible fixed assets
Motor vehicles
£
Cost
At 1 November 2023
205,845
Additions
23,750
Disposals
(68,050)
At 31 October 2024
161,545
Depreciation and impairment
At 1 November 2023
130,620
Depreciation charged in the year
21,280
Eliminated in respect of disposals
(64,379)
At 31 October 2024
87,521
Carrying amount
At 31 October 2024
74,024
At 31 October 2023
75,225
10
Stocks
2024
2023
£
£
Raw materials and consumables
537,885
463,199
Work in progress
139,633
79,495
677,518
542,694
11
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,611,230
1,957,490
Amounts owed by group undertakings
-
0
195,318
Other debtors
417,387
-
0
Prepayments and accrued income
15,975
9,126
2,044,592
2,161,934
EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 17 -
12
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Bank loans
14
16,667
10,398
Obligations under finance leases
15
13,628
19,352
Trade creditors
622,280
677,204
Amounts owed to group undertakings
671,996
-
0
Taxation and social security
166,318
414,518
Accruals and deferred income
326,911
125,397
1,817,800
1,246,869

Included in creditors: Amounts falling due within one year are secured creditors of £13,628 (2023: £19,352)

13
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
14
-
0
14,009
Obligations under finance leases
15
-
0
12,859
-
0
26,868

Included in creditors: Are amounts falling due more than one year are secured creditors of Nil (2023: £12,859).

14
Loans and overdrafts
2024
2023
£
£
Bank loans
16,667
24,407
Payable within one year
16,667
10,398
Payable after one year
-
0
14,009

The long-term loans are not secured by fixed charges.

15
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
13,628
19,352
In two to five years
-
0
12,859
13,628
32,211
EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
15
Finance lease obligations
(Continued)
- 18 -

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

16
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
18,506
17,455
Tax losses
-
(15,674)
18,506
1,781
2024
Movements in the year:
£
Liability at 1 November 2023
1,781
Charge to profit or loss
16,725
Liability at 31 October 2024
18,506
17
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
68,208
71,408

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

18
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
7,705
7,705
7,705
7,705

The capital redemption reserve represents the company's repurchase of its own shares.

EAST YORKSHIRE ALUMINIUM & GLASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 19 -
19
Share premium account
2024
2023
£
£
At the beginning and end of the year
165,963
165,963
20
Capital redemption reserve
2024
2023
£
£
At the beginning and end of the year
45
45
21
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
1,635,673
1,553,960
Profit for the year
28,498
81,713
Dividends declared and paid in the year
(700,000)
-
At the end of the year
964,171
1,635,673
22
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024
2023
£
£
Within one year
21,110
36,921
Between two and five years
12,303
23,155
33,413
60,076
23
Ultimate controlling party

The Company is a wholly owned subsidiary of EYG Holdings Limited.

The ultimate controlling party is EYG Holdings Limited. A company registered in the United Kingdom. A copy of the group financial statements can be obtained from the groups corporate address Dairycoates Industrial Estate, Wiltshire Road,Hull, HU4 6QQ.

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