1 May 2024 v2025.46.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP046514412024-05-012025-04-30046514412025-04-30046514412024-04-3004651441core:WithinOneYear2025-04-3004651441core:WithinOneYear2024-04-3004651441core:AfterOneYear2025-04-3004651441core:AfterOneYear2024-04-3004651441core:ShareCapital2025-04-3004651441core:ShareCapital2024-04-3004651441core:RetainedEarningsAccumulatedLosses2025-04-3004651441core:RetainedEarningsAccumulatedLosses2024-04-3004651441bus:Director12024-05-012025-04-3004651441bus:RegisteredOffice2024-05-012025-04-3004651441core:PlantMachinery2024-05-012025-04-3004651441core:FurnitureFittingsToolsEquipment2024-05-012025-04-3004651441core:MotorVehicles2024-05-012025-04-30046514412023-05-012024-04-3004651441core:PlantMachinery2024-05-0104651441core:PlantMachinery2025-04-3004651441core:PlantMachinery2024-04-300465144112024-05-012025-04-3004651441countries:EnglandWales2024-05-012025-04-3004651441bus:AuditExemptWithAccountantsReport2024-05-012025-04-3004651441bus:PrivateLimitedCompanyLtd2024-05-012025-04-3004651441bus:SmallEntities2024-05-012025-04-3004651441bus:FullAccounts2024-05-012025-04-3004651441bus:CompanySecretary12024-05-012025-04-30
Company registration number:
04651441
Around the Clock Glazing (York) Limited
Unaudited Filleted Financial Statements for the year ended
30 April 2025
Around the Clock Glazing (York) Limited
Statement of Financial Position
30 April 2025
20252024
Note££
Fixed assets    
Tangible assets 5
41,231
 
27,501
 
Current assets    
Stocks
6,250
 
6,000
 
Debtors 6
124,577
 
151,300
 
Cash at bank and in hand
50,750
 
20,006
 
181,577
 
177,306
 
Creditors: amounts falling due within one year 7
(76,490
)
(89,095
)
Net current assets
105,087
 
88,211
 
Total assets less current liabilities 146,318   115,712  
Creditors: amounts falling due after more than one year 8
(2,712
)
(10,597
)
Provisions for liabilities
(10,307
)
(6,875
)
Net assets
133,299
 
98,240
 
Capital and reserves    
Called up share capital
102
 
102
 
Profit and loss account
133,197
 
98,138
 
Shareholders funds
133,299
 
98,240
 
For the year ending
30 April 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
24 July 2025
, and are signed on behalf of the board by:
Mr F D McKenzie
Director
Company registration number:
04651441
Around the Clock Glazing (York) Limited
Notes to the Financial Statements
Year ended
30 April 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
44 Kirkgate
,
Ripon
,
North Yorkshire
,
HG4 1PB
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
15% reducing balance
Fixtures, fittings and equipment
15% reducing balance
Motor vehicles
25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2024:
4.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 May 2024
89,068
 
Additions
28,114
 
Disposals
(23,525
)
At
30 April 2025
93,657
 
Depreciation  
At
1 May 2024
61,567
 
Charge
11,244
 
Disposals
(20,385
)
At
30 April 2025
52,426
 
Carrying amount  
At
30 April 2025
41,231
 
At 30 April 2024
27,501
 

6 Debtors

20252024
££
Trade debtors
20,574
 
29,305
 
Other debtors
104,003
 
121,995
 
124,577
 
151,300
 

7 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
4,000
 
4,000
 
Trade creditors
10,556
 
19,844
 
Taxation and social security
43,629
 
48,688
 
Other creditors
18,305
 
16,563
 
76,490
 
89,095
 

8 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
878
 
4,971
 
Other creditors
1,834
 
5,626
 
2,712
 
10,597
 

9 Director's advances, credit and guarantees

During the year, the director had loans from the company. The loans are interest free with no formal terms of repayment. The balance owing to the company at the year end was £83,812 (2024 - £91,637) and is included in debtors.