Glass Resort Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 07946299 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Glass Resort Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

L D Brown

J R Richardson

REGISTERED OFFICE:

Unit 1 Shortwood Court

Shortwood Business Park

Hoyland

Barnsley

S74 9LH

REGISTERED NUMBER:

07946299 (England and Wales)

ACCOUNTANTS:

Lindrick Accountancy Services Limited

205 Outgang Lane

Dinnington

Sheffield

S25 3QY

FIXED ASSETS

Tangible assets

4

135,107

84,544

CURRENT ASSETS

Stocks

-

102,035

Debtors

507,450

77,401

Prepayments and accrued income

29,548

26,444

Cash at bank

62,471

81,480

599,469

287,360

CREDITORS

Amounts falling due within one year

307,507

116,940

NET CURRENT ASSETS

291,962

170,420

TOTAL ASSETS LESS CURRENT LIABILITIES

427,069

254,964

CREDITORS

Amounts falling due after more than one year

5

1,847

-

NET ASSETS

425,222

254,964

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

425,202

254,944

SHAREHOLDERS' FUNDS

425,222

254,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2018 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 on 27 September 2019 and were signed on its behalf by:

L D Brown - Director

1.	STATUTORY INFORMATION

Glass Resort 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

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.

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 52 (2017 - 65 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

149,241

Additions

87,554

At 31 December 2018

236,795

DEPRECIATION

At 1 January 2018

64,697

Charge for year

36,991

At 31 December 2018

101,688

NET BOOK VALUE

At 31 December 2018

135,107

At 31 December 2017

84,544

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

Creditors due over more than one year include £Nil (2017 - £Nil) of amounts due over 5

years.

The following reproduces the text of the report prepared for the directors and members in

respect of the company's annual unaudited financial statements. In accordance with the

Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Abridged Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the

Companies Act 2006, we have compiled the financial statements of the company for the year ended

31 December 2018 which comprise the Profit and Loss Account, the Balance Sheet and the related

notes from the accounting records and information and explanations you have given to us.

This report is made to the company's board of director's, in accordance with the terms of our

engagement. Our work has been undertaken so that we might compile the financial statements that

we have been engaged to compile, report to the company's board of director's that we have done so,

and state those matters that we have agreed to state to them in this report and for no other purpose.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other

than the company and the company's board of director's, for our work or for this report.

You have acknowledged on the Balance Sheet as at 31 December 2018 your duty to ensure that the

company has kept proper accounting records and to prepare financial statements that give a true and

fair view under the Companies Act 2006. You consider that the company is exempt from the

statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we

have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the financial

statements.

Lindrick Accountancy Services Limited

205 Outgang Lane

Dinnington

Sheffield

S25 3QY

27 September 2019