Company Registration No. 06728316 (England and Wales)
THE GLASS SHOP (DAGENHAM) LIMITED
Unaudited accounts
for the year ended 31 January 2025
THE GLASS SHOP (DAGENHAM) LIMITED
Unaudited accounts
Contents
THE GLASS SHOP (DAGENHAM) LIMITED
Company Information
for the year ended 31 January 2025
Company Number
06728316 (England and Wales)
Registered Office
429 BECONTREE AVENUE
DAGENHAM
RM8 3UH
ENGLAND
THE GLASS SHOP (DAGENHAM) LIMITED
Statement of financial position
as at 31 January 2025
Tangible assets
309,560
340,861
Cash at bank and in hand
477,719
514,942
Creditors: amounts falling due within one year
(663,867)
(531,083)
Net current assets
477,177
354,263
Total assets less current liabilities
850,232
758,619
Creditors: amounts falling due after more than one year
(187,224)
(226,449)
Net assets
663,008
532,170
Called up share capital
10
10
Profit and loss account
662,998
532,160
Shareholders' funds
663,008
532,170
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 June 2025 and were signed on its behalf by
G Beer
Director
Company Registration No. 06728316
THE GLASS SHOP (DAGENHAM) LIMITED
Notes to the Accounts
for the year ended 31 January 2025
THE GLASS SHOP (DAGENHAM) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06728316. The registered office is 429 BECONTREE AVENUE, DAGENHAM, RM8 3UH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.
THE GLASS SHOP (DAGENHAM) LIMITED
Notes to the Accounts
for the year ended 31 January 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments are held at cost.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2024
78,855
574,497
653,352
Additions
5,029
104,731
109,760
At 31 January 2025
83,884
679,228
763,112
At 1 February 2024
33,202
279,289
312,491
Charge for the year
16,475
124,586
141,061
At 31 January 2025
49,677
403,875
453,552
At 31 January 2025
34,207
275,353
309,560
At 31 January 2024
45,653
295,208
340,861
5
Investments
Other investments
Valuation at 1 February 2024
63,495
Valuation at 31 January 2025
63,495
Amounts falling due within one year
Trade debtors
615,416
352,937
Other debtors
27,159
11,717
THE GLASS SHOP (DAGENHAM) LIMITED
Notes to the Accounts
for the year ended 31 January 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
246,406
39,920
Taxes and social security
129,394
97,992
Loans from directors
3
1,873
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
170,332
200,572
9
Average number of employees
During the year the average number of employees was 17 (2024: 15).