REGISTERED NUMBER: 04244381 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

LOSTOCK HALL GLASS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S R Cookson

Mrs C M Cookson

Mr D T Coupe

REGISTERED OFFICE:

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

REGISTERED NUMBER:

04244381 (England and Wales)

ACCOUNTANTS:

SBCA Chartered Accountants

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

99,976

134,112

99,976

134,112

CURRENT ASSETS

Stocks

6

92,451

93,747

Debtors

7

97,363

123,931

Cash at bank and in hand

798,008

784,004

987,822

1,001,682

CREDITORS

Amounts falling due within one year

8

(158,163

)

(208,327

)

NET CURRENT ASSETS

829,659

793,355

TOTAL ASSETS LESS CURRENT LIABILITIES

929,635

927,467

PROVISIONS FOR LIABILITIES

10

(22,250

)

(29,849

)

NET ASSETS

907,385

897,618

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

12

906,385

896,618

SHAREHOLDERS' FUNDS

907,385

897,618

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th September 2025 and were signed on its behalf by:

Mr S R Cookson - Director

1.	STATUTORY INFORMATION

Lostock Hall Glass 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Turnover

Turnover represents net invoiced value of goods and services provided in the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 11 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

6,000

AMORTISATION

At 1st January 2024

and 31st December 2024

6,000

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st January 2024

72,171

124,985

64,224

Additions

-

840

-

Disposals

-

(4,900

)

(800

)

At 31st December 2024

72,171

120,925

63,424

DEPRECIATION

At 1st January 2024

55,517

108,418

61,801

Charge for year

3,643

3,840

760

Eliminated on disposal

-

(4,900

)

(800

)

At 31st December 2024

59,160

107,358

61,761

NET BOOK VALUE

At 31st December 2024

13,011

13,567

1,663

At 31st December 2023

16,654

16,567

2,423

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2024

128,800

19,611

409,791

Additions

-

1,512

2,352

Disposals

(16,595

)

-

(22,295

)

At 31st December 2024

112,205

21,123

389,848

DEPRECIATION

At 1st January 2024

38,450

11,493

275,679

Charge for year

26,292

1,953

36,488

Eliminated on disposal

(16,595

)

-

(22,295

)

At 31st December 2024

48,147

13,446

289,872

NET BOOK VALUE

At 31st December 2024

64,058

7,677

99,976

At 31st December 2023

90,350

8,118

134,112

6.

STOCKS

31.12.24

31.12.23

£

£

Stocks

92,451

93,747

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

83,583

107,993

Other debtors

13,780

15,938

97,363

123,931

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

117,025

164,744

Taxation and social security

35,410

36,587

Other creditors

5,728

6,996

158,163

208,327

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

25,000

25,000

Between one and five years

85,417

100,000

In more than five years

-

10,417

110,417

135,417

10.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated Capital Allowances

22,250

29,849

Deferred

tax

£

Balance at 1st January 2024

29,849

Credit to Statement of Income and Retained Earnings during year

(7,599

)

Balance at 31st December 2024

22,250

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.

RESERVES

Retained

earnings

£

At 1st January 2024

896,618

Profit for the year

27,767

Dividends

(18,000

)

At 31st December 2024

906,385

13.	RELATED PARTY DISCLOSURES

Administrative expenses include rent of £25,000 (2023: £25,000) paid to a pension fund in

which directors are trustees.