Herts Glass Company Limited
Statement of financial position
as at 31 March 2025
Tangible assets
266,000
175,000
Cash at bank and in hand
6,381
5,021
Creditors: amounts falling due within one year
(14,723)
(16,307)
Net current liabilities
(7,602)
(10,603)
Total assets less current liabilities
258,398
164,397
Provisions for liabilities
Net assets
230,083
164,397
Called up share capital
50
50
Revaluation reserve
92,685
30,000
Capital redemption reserve
50
50
Profit and loss account
137,298
134,297
Shareholders' funds
230,083
164,397
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by
Carl Peter Hickey
Director
Company Registration No. 00939857
Herts Glass Company Limited
Notes to the Accounts
for the year ended 31 March 2025
Herts Glass Company Limited is a private company, limited by shares, registered in England and Wales, registration number 00939857. The registered office is 23 WHITEHALL, LIDLINGTON, BEDFORDSHIRE, MK43 0RS.
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.
These financial statements for the year ended
31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
9 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
0% (revalued)
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Herts Glass Company Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Cost or valuation
At valuation
Carrying amount of land and buildings on cost basis
145,000
145,000
Amounts falling due within one year
Accrued income and prepayments
740
683
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
700
-
Loans from directors
13,407
15,407
7
Deferred taxation
2025
2024
Revaluation of land and buildings
28,315
-
Charged to other comprehensive income
28,315
-
Provision at end of year
28,315
-
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
Herts Glass Company Limited
Notes to the Accounts
for the year ended 31 March 2025
9
Reconciliations on adoption of FRS 102
The company re-adopted FRS 102 1A to correctly reflect the revaluation of the building.