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Company Registration No. 10843498 (England and Wales)
Instant Glass & Glazing Limited Unaudited accounts for the year ended 31 August 2024
Instant Glass & Glazing Limited Unaudited accounts Contents
Page
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Instant Glass & Glazing Limited Company Information for the year ended 31 August 2024
Director
D R Ford
Company Number
10843498 (England and Wales)
Registered Office
Unit 4 Raleigh Court Priestley Way Crawley RH10 9PD
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Instant Glass & Glazing Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
48,977 
62,456 
Current assets
Debtors
452,539 
538,209 
Cash at bank and in hand
480,352 
342,356 
932,891 
880,565 
Creditors: amounts falling due within one year
(144,982)
(210,634)
Net current assets
787,909 
669,931 
Total assets less current liabilities
836,886 
732,387 
Creditors: amounts falling due after more than one year
- 
(1,394)
Provisions for liabilities
Deferred tax
(12,244)
(13,740)
Net assets
824,642 
717,253 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
824,641 
717,252 
Shareholders' funds
824,642 
717,253 
For the year ending 31 August 2024 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 27 August 2025 and were signed on its behalf by
D R Ford Director Company Registration No. 10843498
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Instant Glass & Glazing Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Instant Glass & Glazing Limited is a private company, limited by shares, registered in England and Wales, registration number 10843498. The registered office is Unit 4 Raleigh Court, Priestley Way, Crawley, RH10 9PD.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Leased assets
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.
Pension costs
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 taxation
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. Deferred tax assets and liabilities are not discounted.
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Instant Glass & Glazing Limited Notes to the Accounts for the year ended 31 August 2024
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
18,378 
105,600 
123,978 
Additions
2,315 
- 
2,315 
At 31 August 2024
20,693 
105,600 
126,293 
Depreciation
At 1 September 2023
10,523 
50,999 
61,522 
Charge for the year
2,144 
13,650 
15,794 
At 31 August 2024
12,667 
64,649 
77,316 
Net book value
At 31 August 2024
8,026 
40,951 
48,977 
At 31 August 2023
7,855 
54,601 
62,456 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
11,004 
14,672 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
65,485 
83,060 
Other debtors
387,054 
455,149 
452,539 
538,209 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,394 
5,575 
Trade creditors
25,633 
9,301 
Taxes and social security
69,287 
77,133 
Other creditors
1,932 
67,787 
Loans from directors
46,736 
50,838 
144,982 
210,634 
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Instant Glass & Glazing Limited Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
1,394 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 August 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
2,383 
9
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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