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REGISTERED NUMBER: 01036836 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Group Four Glassfibre Co. Limited

Group Four Glassfibre Co. Limited (Registered number: 01036836)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Group Four Glassfibre Co. Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: T Cox
P Ulndreaj





SECRETARY: Mrs M Cox





REGISTERED OFFICE: Unit 42
Church Road Business Centre
Murston
Sittingbourne
Kent
ME10 3RS





REGISTERED NUMBER: 01036836 (England and Wales)





ACCOUNTANTS: Ardor Business Solutions Limited
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE

Group Four Glassfibre Co. Limited (Registered number: 01036836)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84,942 104,287

CURRENT ASSETS
Stocks 117,862 89,361
Debtors 5 378,008 212,505
Cash at bank 519,580 570,491
1,015,450 872,357
CREDITORS
Amounts falling due within one year 6 423,264 367,279
NET CURRENT ASSETS 592,186 505,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

677,128

609,365

PROVISIONS FOR LIABILITIES 21,065 26,072
NET ASSETS 656,063 583,293

CAPITAL AND RESERVES
Called up share capital 63 63
Capital redemption reserve 37 37
Retained earnings 655,963 583,193
SHAREHOLDERS' FUNDS 656,063 583,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Group Four Glassfibre Co. Limited (Registered number: 01036836)

Statement of Financial Position - continued
31 December 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





T Cox - Director


Group Four Glassfibre Co. Limited (Registered number: 01036836)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Group Four Glassfibre Co. Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of glassfibre goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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 year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

Group Four Glassfibre Co. Limited (Registered number: 01036836)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 60,604 209,970 67,012 42,017 379,603
Additions - 4,500 3,270 - 7,770
At 31 December 2024 60,604 214,470 70,282 42,017 387,373
DEPRECIATION
At 1 January 2024 56,970 115,071 62,942 40,333 275,316
Charge for year 909 24,496 1,154 556 27,115
At 31 December 2024 57,879 139,567 64,096 40,889 302,431
NET BOOK VALUE
At 31 December 2024 2,725 74,903 6,186 1,128 84,942
At 31 December 2023 3,634 94,899 4,070 1,684 104,287

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 358,053 193,905
Other debtors 554 554
Prepayments and accrued income 19,401 18,046
378,008 212,505

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 71,871 39,904
Taxation 107,730 91,368
Social security and other taxes - 16,386
VAT 82,370 67,716
Other creditors 2,975 3,699
Directors' loan accounts 101,868 94,882
Accruals and deferred income 56,450 53,324
423,264 367,279

7. RELATED PARTY DISCLOSURES

The premises occupied by the company are owned by the director, Mr T D Cox and his spouse. The company paid rent, at market value, of £80,600 (2023: £69,600) during the year in respect of these premises.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T Cox and Mrs M Cox by virtue of their joint shareholding.