Atherstone Glass & Glazing Co Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05103076 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Atherstone Glass & Glazing Co Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

A Wilkes

Mrs J Wilkes

SECRETARY:

Mrs L Wilkes

REGISTERED OFFICE:

139 The Park

Market Bosworth

Leicestershire

CV13 0LP

REGISTERED NUMBER:

05103076 (England and Wales)

ACCOUNTANTS:

Screatons Ltd

Former Atherstone College

Ratcliffe Road

Atherstone

Warwickshire

CV9 1LF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

188,482

184,641

188,482

184,641

CURRENT ASSETS

Stocks

1,000

5,000

Debtors

6

276,877

231,444

Cash at bank

109,922

85,323

387,799

321,767

CREDITORS

Amounts falling due within one year

7

114,957

71,780

NET CURRENT ASSETS

272,842

249,987

TOTAL ASSETS LESS CURRENT LIABILITIES

461,324

434,628

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

461,323

434,627

SHAREHOLDERS' FUNDS

461,324

434,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 26 November 2019 and were signed on its behalf by:

A Wilkes - Director

1.	STATUTORY INFORMATION

Atherstone Glass & Glazing Co Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2018 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 May 2018

and 30 April 2019

10,000

25,000

35,000

AMORTISATION

At 1 May 2018

and 30 April 2019

10,000

25,000

35,000

NET BOOK VALUE

At 30 April 2019

-

-

-

At 30 April 2018

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 May 2018

155,000

71,721

2,369

At 30 April 2019

155,000

71,721

2,369

DEPRECIATION

At 1 May 2018

-

67,100

1,947

Charge for year

-

1,155

105

At 30 April 2019

-

68,255

2,052

NET BOOK VALUE

At 30 April 2019

155,000

3,466

317

At 30 April 2018

155,000

4,621

422

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2018

74,163

3,243

306,496

Additions

15,000

-

15,000

At 30 April 2019

89,163

3,243

321,496

DEPRECIATION

At 1 May 2018

50,253

2,555

121,855

Charge for year

9,727

172

11,159

At 30 April 2019

59,980

2,727

133,014

NET BOOK VALUE

At 30 April 2019

29,183

516

188,482

At 30 April 2018

23,910

688

184,641

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

101,115

52,866

Other debtors

-

80

Intercompany debtor

175,762

178,498

276,877

231,444

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade creditors

32,351

7,138

Tax

13,336

12,950

Social security and other taxes

2,071

565

VAT

32,191

18,582

Other creditors

20,449

20,449

Directors' current accounts

13,417

10,987

Accrued expenses

1,142

1,109

114,957

71,780

The following reproduces the text of the report prepared for the directors 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 Income Statement and certain other primary statements and the

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

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2019 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Screatons Ltd

Former Atherstone College

Ratcliffe Road

Atherstone

Warwickshire

CV9 1LF

26 November 2019