Glassfusion Manufacturing Limited - Accounts to registrar (filleted) - small 18.2

Glassfusion Manufacturing Limited - Accounts to registrar (filleted) - small 18.2

GLASSFUSION MANUFACTURING LIMITED - Company Information

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REGISTERED NUMBER: 05694247 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

FOR

GLASSFUSION MANUFACTURING LIMITED
GLASSFUSION MANUFACTURING LIMITED (REGISTERED NUMBER: 05694247)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GLASSFUSION MANUFACTURING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2019







DIRECTORS: C J Briggs
R W Gritty





SECRETARY: Mrs A Gritty





REGISTERED OFFICE: 3 North Hill
Colchester
Essex
CO1 1DZ





REGISTERED NUMBER: 05694247 (England and Wales)





ACCOUNTANTS: Baker Chapman & Bussey
Chartered Accountants
3 North Hill
Colchester
Essex
CO1 1DZ
Page 1
GLASSFUSION MANUFACTURING LIMITED (REGISTERED NUMBER: 05694247)

BALANCE SHEET
31 JANUARY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,845 13,841

CURRENT ASSETS
Stocks 23,149 27,991
Debtors 5 45,814 40,969
Cash at bank and in hand 13,734 47
82,697 69,007
CREDITORS
Amounts falling due within one year 6 57,692 65,763
NET CURRENT ASSETS 25,005 3,244
TOTAL ASSETS LESS CURRENT
LIABILITIES
37,850
17,085

PROVISIONS FOR LIABILITIES 1,196 -
NET ASSETS 36,654 17,085

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,554 16,985
SHAREHOLDERS' FUNDS 36,654 17,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 on 8 October 2019 and were signed on its behalf by:





R W Gritty - Director


The notes form part of these financial statements

Page 2
GLASSFUSION MANUFACTURING LIMITED (REGISTERED NUMBER: 05694247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019


1. STATUTORY INFORMATION

Glassfusion Manufacturing 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 sales of goods, excluding value added tax. The goods are invoiced once
ownership has passed to the customer.

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 - 10% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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 7 (2018 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2018 37,642
Additions 431
At 31 January 2019 38,073
DEPRECIATION
At 1 February 2018 23,801
Charge for year 1,427
At 31 January 2019 25,228
NET BOOK VALUE
At 31 January 2019 12,845
At 31 January 2018 13,841

Page 3
GLASSFUSION MANUFACTURING LIMITED (REGISTERED NUMBER: 05694247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 45,124 40,006
Other debtors 690 963
45,814 40,969

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 12,032 21,331
Trade creditors 11,851 12,578
Taxation and social security 14,143 10,741
Other creditors 19,666 21,113
57,692 65,763

Page 4