REGISTERED NUMBER: 00611124 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

ST GEORGE GLASS COMPANY (BURY) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Bennetts

Mrs C Hardy

REGISTERED OFFICE:

1-7 Brideoak Street

Leigh

WN7 2AG

REGISTERED NUMBER:

00611124 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

FIXED ASSETS

Tangible assets

4

609,216

654,688

CURRENT ASSETS

Stocks

69,200

70,000

Debtors

83,835

118,505

Cash at bank and in hand

385

32,427

153,420

220,932

CREDITORS

Amounts falling due within one year

190,197

176,817

NET CURRENT (LIABILITIES)/ASSETS

(36,777

)

44,115

TOTAL ASSETS LESS CURRENT LIABILITIES

572,439

698,803

CREDITORS

Amounts falling due after more than one year

60,520

66,231

NET ASSETS

511,919

632,572

CAPITAL AND RESERVES

Called up share capital

6

9,475

9,475

Property reserve

455,235

474,767

Retained earnings

47,209

148,330

SHAREHOLDERS' FUNDS

511,919

632,572

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

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14th August 2025 and were signed on its behalf by:

S Bennetts - Director

1.	STATUTORY INFORMATION

St George Glass Company (Bury) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which assumes the continued support of the directors.

Turnover

Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year.

Revenue is recognised when goods are despatched to customers.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Office furniture and equipment

-

33% on cost and 20% on cost

Motor vehicles

-

20% on cost

The freehold property was revalued in 2013 and has been carried at deemed cost following transition to FRS102 1A in 2016.

Since 2013 the property has been depreciated evenly over its estimated remaining useful life of 36 years.

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 balance sheet date.

Deferred tax

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

1,497,529

Additions

50,564

Disposals

(75,815

)

At 31st December 2024

1,472,278

DEPRECIATION

At 1st January 2024

842,841

Charge for year

57,497

Eliminated on disposal

(37,276

)

At 31st December 2024

863,062

NET BOOK VALUE

At 31st December 2024

609,216

At 31st December 2023

654,688

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st January 2024

111,825

Additions

50,000

Disposals

(75,815

)

At 31st December 2024

86,010

DEPRECIATION

At 1st January 2024

39,827

Charge for year

21,224

Eliminated on disposal

(37,276

)

At 31st December 2024

23,775

NET BOOK VALUE

At 31st December 2024

62,235

At 31st December 2023

71,998

5.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

10,239

-

Hire purchase contracts

59,363

70,494

69,602

70,494

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

9,475

Ordinary

£1

9,475

9,475

7.	OTHER FINANCIAL COMMITMENTS

At 31st December 2024 the company had future obligations under operating leases totalling £17,674 of which £8,030 are due within one year.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by S Bennetts who owns the majority of the issued share capital.