Hamilton Glass Products Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00895448 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020

FOR

HAMILTON GLASS PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Ridge

M Multaney

SECRETARY:

P R Wood

REGISTERED OFFICE:

140A Tachbrook Street

London

SW1V 2NE

REGISTERED NUMBER:

00895448 (England and Wales)

ACCOUNTANTS:

Saunders Wood & Co.

Chartered Accountants

140A Tachbrook Street

London SW1V 2NE

FIXED ASSETS

Tangible assets

4

518,130

522,293

CURRENT ASSETS

Stocks

15,000

Debtors

5

34,217

33,972

Cash at bank

16,917

-

66,134

48,972

CREDITORS

Amounts falling due within one year

6

133,052

107,100

NET CURRENT LIABILITIES

(66,918

)

(58,128

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

451,212

464,165

CREDITORS

Amounts falling due after more than one
year

7

287,563

303,292

NET ASSETS

163,649

160,873

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

163,549

160,773

163,649

160,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 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 25 May 2021 and were signed on its behalf by:

B Ridge - Director

1.	STATUTORY INFORMATION

Hamilton Glass Products 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 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.

Land and buildings

-

not provided

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 August 2019

and 31 July 2020

496,003

134,712

630,715

DEPRECIATION

At 1 August 2019

-

108,422

Charge for year

-

4,163

At 31 July 2020

-

112,585

NET BOOK VALUE

At 31 July 2020

496,003

22,127

518,130

At 31 July 2019

496,003

26,290

522,293

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

Trade debtors

34,217

33,972

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

Bank loans and overdrafts

15,114

32,191

Hire purchase contracts

-

1,300

Trade creditors

36,813

30,112

Taxation and social security

74,125

38,497

Other creditors

7,000

5,000

133,052

107,100

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.7.20

31.7.19

£

Bank loans

287,563

303,292

Hamilton Glass Products Limited - Accounts to registrar (filleted) - small 18.2

Hamilton Glass Products Limited - Accounts to registrar (filleted) - small 18.2