Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31Glaziers2024-01-01false1213truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05846890 2024-01-01 2024-12-31 05846890 2023-01-01 2023-12-31 05846890 2024-12-31 05846890 2023-12-31 05846890 c:Director2 2024-01-01 2024-12-31 05846890 c:Director3 2024-01-01 2024-12-31 05846890 c:RegisteredOffice 2024-01-01 2024-12-31 05846890 d:PlantMachinery 2024-01-01 2024-12-31 05846890 d:PlantMachinery 2024-12-31 05846890 d:PlantMachinery 2023-12-31 05846890 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05846890 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05846890 d:MotorVehicles 2024-01-01 2024-12-31 05846890 d:MotorVehicles 2024-12-31 05846890 d:MotorVehicles 2023-12-31 05846890 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05846890 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05846890 d:OfficeEquipment 2024-01-01 2024-12-31 05846890 d:OfficeEquipment 2024-12-31 05846890 d:OfficeEquipment 2023-12-31 05846890 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05846890 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05846890 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05846890 d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05846890 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 05846890 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 05846890 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 05846890 d:CurrentFinancialInstruments 2024-12-31 05846890 d:CurrentFinancialInstruments 2023-12-31 05846890 d:Non-currentFinancialInstruments 2024-12-31 05846890 d:Non-currentFinancialInstruments 2023-12-31 05846890 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05846890 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05846890 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 05846890 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05846890 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 05846890 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 05846890 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 05846890 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 05846890 d:ShareCapital 2024-12-31 05846890 d:ShareCapital 2023-12-31 05846890 d:RetainedEarningsAccumulatedLosses 2024-12-31 05846890 d:RetainedEarningsAccumulatedLosses 2023-12-31 05846890 c:FRS102 2024-01-01 2024-12-31 05846890 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05846890 c:FullAccounts 2024-01-01 2024-12-31 05846890 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05846890 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 05846890 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05846890 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-31 05846890 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 05846890










NORWICH GLASS COMPANY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
NORWICH GLASS COMPANY LIMITED
 
 
COMPANY INFORMATION


Directors
Mr Lee Phillip Burton 
Mr Aaron Jason Moneypenny 




Registered number
05846890



Registered office
12 Church Street

Cromer

Norfolk

NR27 9ER




Accountants
MA Partners LLP
Chartered Accountants

12 Church Street

Cromer

Norfolk

NR27 9ER





 
NORWICH GLASS COMPANY LIMITED
 

CONTENTS



Page
Accountants' report
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 13


 
NORWICH GLASS COMPANY LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NORWICH GLASS COMPANY LIMITED
FOR THE YEAR ENDED 31 DECEMBER 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 Norwich Glass Company Limited for the year ended 31 December 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 Board of directors of Norwich Glass Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Norwich Glass Company Limited and state those matters that we have agreed to state to the Board of directors of Norwich Glass Company Limited, as a body, 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 Norwich Glass Company Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Norwich Glass Company 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 Norwich Glass Company Limited. You consider that Norwich Glass Company 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 Norwich Glass Company 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.

  



MA Partners LLP
 
Chartered Accountants
  
12 Church Street
Cromer
Norfolk
NR27 9ER
8 July 2025
Page 1

 
NORWICH GLASS COMPANY LIMITED
REGISTERED NUMBER: 05846890

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
2,398

Tangible assets
 5 
74,044
85,798

  
74,044
88,196

Current assets
  

Stocks
  
3,850
3,750

Debtors: amounts falling due within one year
 6 
301,287
211,885

Cash at bank and in hand
  
129,888
194,440

  
435,025
410,075

Creditors: amounts falling due within one year
 7 
(217,951)
(182,252)

Net current assets
  
 
 
217,074
 
 
227,823

Total assets less current liabilities
  
291,118
316,019

Creditors: amounts falling due after more than one year
 8 
(22,434)
(37,935)

Provisions for liabilities
  

Deferred tax
 10 
(17,296)
(17,435)

  
 
 
(17,296)
 
 
(17,435)

Net assets
  
251,388
260,649

Page 2

 
NORWICH GLASS COMPANY LIMITED
REGISTERED NUMBER: 05846890
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
251,288
260,549

  
251,388
260,649


The directors consider 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 directors acknowledge their 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 on 8 July 2025.




................................................
Mr Lee Phillip Burton
................................................
Mr Aaron Jason Moneypenny
Director
Director

The notes on pages 4 to 13 form part of these financial statements.

Page 3

 
NORWICH GLASS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The Company is a United Kingdom company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 12 Church Street, Cromer, Norfolk, NR27 9ER. The company's principal activity is that of Glaziers.
The principal place of business is Unit 11, Caston Industrial Estate, Salhouse Road, Norwich, Norfolk, NR7 9AG.
 

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 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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
NORWICH GLASS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

Borrowing costs

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

 
2.5

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.

Page 5

 
NORWICH GLASS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

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.

 The estimated useful lives range as follows:

Website Development
-
5
years

 
2.8

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.

Page 6

 
NORWICH GLASS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
33%
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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 7

 
NORWICH GLASS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.12

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 13).

Page 8

 
NORWICH GLASS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Website

£



Cost


At 1 January 2024
20,185



At 31 December 2024

20,185



Amortisation


At 1 January 2024
17,787


Charge for the year on owned assets
2,398



At 31 December 2024

20,185



Net book value



At 31 December 2024
-



At 31 December 2023
2,398



Page 9

 
NORWICH GLASS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
24,789
206,458
20,059
251,306


Additions
-
21,450
3,050
24,500


Disposals
(4,500)
(35,525)
-
(40,025)



At 31 December 2024

20,289
192,383
23,109
235,781



Depreciation


At 1 January 2024
16,782
129,096
19,630
165,508


Charge for the year on owned assets
1,928
16,842
1,213
19,983


Charge for the year on financed assets
-
5,532
-
5,532


Disposals
(3,077)
(26,209)
-
(29,286)



At 31 December 2024

15,633
125,261
20,843
161,737



Net book value



At 31 December 2024
4,656
67,122
2,266
74,044



At 31 December 2023
8,007
77,362
429
85,798

Page 10

 
NORWICH GLASS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
73,550
51,329

Amounts owed by joint ventures and associated undertakings
-
24,746

Other debtors
221,180
134,353

Prepayments and accrued income
6,557
1,457

301,287
211,885



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
80,629
101,059

Amounts owed to joint ventures
47,236
-

Corporation tax
35,290
34,124

Other taxation and social security
22,608
29,496

Obligations under finance lease and hire purchase contracts
5,501
5,109

Other creditors
14,987
839

Accruals and deferred income
1,700
1,625

217,951
182,252



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,167
19,167

Net obligations under finance leases and hire purchase contracts
13,267
18,768

22,434
37,935


Page 11

 
NORWICH GLASS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
9,167
10,000


9,167
10,000

Amounts falling due 2-5 years

Bank loans
-
9,167


-
9,167


19,167
29,167


Page 12

 
NORWICH GLASS COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Deferred taxation




2024


£






At beginning of year
(17,435)


Charged to profit or loss
139



At end of year
(17,296)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(17,296)
(17,435)

(17,296)
(17,435)


11.


Related party transactions

On 1 August 2024, the Company's subidiary City Locks (Norwich) Limited transferred its trade to Norwich Glass Company Limited. City Locks (Norwich) Limited is now a dormant company and Norwich Glass Company Limited is the only trading company within the parent group of LBAM Group Limited.

 
Page 13