P.A.L. Glass Machinery Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04072502 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

P.A.L. GLASS MACHINERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A Lithauer

Mrs J Lithauer

SECRETARY:

Mrs J Lithauer

REGISTERED OFFICE:

33 Hornsby Square

Southfields Business Park

Basildon

Essex

SS15 6SD

REGISTERED NUMBER:

04072502 (England and Wales)

ACCOUNTANTS:

Connah Goldsworthy

Chartered Certified Accountants

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

CURRENT ASSETS

Stocks

5

16,250

132,725

Debtors

6

128,481

191,541

Cash at bank

1,763,472

1,845,352

1,908,203

2,169,618

CREDITORS

Amounts falling due within one year

7

329,748

782,546

NET CURRENT ASSETS

1,578,455

1,387,072

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,578,455

1,387,072

CAPITAL AND RESERVES

Called up share capital

10,000

Retained earnings

1,568,455

1,377,072

SHAREHOLDERS' FUNDS

1,578,455

1,387,072

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

P A Lithauer - Director

1.	STATUTORY INFORMATION

P.A.L. Glass Machinery 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

7,826

10,681

18,507

DEPRECIATION

At 1 January 2024

and 31 December 2024

7,826

10,681

18,507

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.

STOCKS

31.12.24

31.12.23

£

Stocks

16,250

132,725

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

122,624

175,519

Amounts owed by group undertakings

5,857

16,022

128,481

191,541

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

76,557

580,682

Amounts owed to group undertakings

83,862

-

Tax

63,794

68,074

VAT

103,901

132,156

Directors' current accounts

234

Accrued expenses

1,400

329,748

782,546

8.	ULTIMATE CONTROLLING PARTY

The controlling party is P A Lithauer.

The ultimate controlling party is P A Lithauer.