Company Registration No. 04260908 (England and Wales)
Colchester Glazing Co LTD
Unaudited accounts
for the year ended 31 January 2025
Colchester Glazing Co LTD
Statement of financial position
as at 31 January 2025
Tangible assets
72,847
39,860
Cash at bank and in hand
101,898
101,932
Creditors: amounts falling due within one year
(86,268)
(69,399)
Net current assets
63,129
90,335
Total assets less current liabilities
135,977
130,196
Creditors: amounts falling due after more than one year
(38,623)
(71,707)
Provisions for liabilities
Deferred tax
(7,574)
(7,574)
Called up share capital
100
100
Profit and loss account
89,680
50,815
Shareholders' funds
89,780
50,915
For the year ending 31 January 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 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 23 September 2025 and were signed on its behalf by
Mr B Garrity
Director
Company Registration No. 04260908
Colchester Glazing Co LTD
Notes to the Accounts
for the year ended 31 January 2025
Colchester Glazing Co LTD is a private company, limited by shares, registered in England and Wales, registration number 04260908. The registered office is Unit 4, Conder Way, Colchester, Essex, CO2 8JN, United Kingdom.
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.
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.
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:
Plant & machinery
15% Straight line
Motor vehicles
25% Straight line
Fixtures & fittings
25% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
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.
Colchester Glazing Co LTD
Notes to the Accounts
for the year ended 31 January 2025
Stock have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
28,910
115,563
29,144
173,617
Additions
47,181
26,990
-
74,171
Disposals
-
(35,225)
-
(35,225)
At 31 January 2025
76,091
107,328
29,144
212,563
At 1 February 2024
27,386
78,315
28,056
133,757
Charge for the year
12,304
14,498
882
27,684
On disposals
-
(21,725)
-
(21,725)
At 31 January 2025
39,690
71,088
28,938
139,716
At 31 January 2025
36,401
36,240
206
72,847
At 31 January 2024
1,524
37,248
1,088
39,860
Amounts falling due within one year
Trade debtors
31,998
40,813
Accrued income and prepayments
1,610
1,610
Other debtors
9,795
15,379
Colchester Glazing Co LTD
Notes to the Accounts
for the year ended 31 January 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
30,664
5,265
Obligations under finance leases and hire purchase contracts
16,146
15,538
Trade creditors
18,422
20,383
Taxes and social security
16,583
26,333
Other creditors
4,453
1,880
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
38,623
40,587
9
Average number of employees
During the year the average number of employees was 6 (2024: 6).