Superglass Limited,Ltd - AccountsLtd - Accounts

Superglass Limited,Ltd - AccountsLtd - Accounts

SUPERGLASS LIMITED - Company Information

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2017-06-01 05137939 2018-05-31 05137939 2017-06-01 2018-05-31 05137939 2017-05-31 05137939 2016-06-01 2017-05-31 05137939 uk-core:WithinOneYear 2017-05-31 05137939 uk-core:WithinOneYear 2018-05-31 05137939 uk-core:ShareCapital 2018-05-31 05137939 uk-core:ShareCapital 2017-05-31 05137939 uk-core:RetainedEarningsAccumulatedLosses 2018-05-31 05137939 uk-core:RetainedEarningsAccumulatedLosses 2017-05-31 05137939 uk-bus:Director1 2017-06-01 2018-05-31 05137939 uk-core:CommercialMotorVehicles 2017-06-01 2018-05-31 05137939 uk-core:FurnitureFittings 2017-06-01 2018-05-31 05137939 uk-core:FurnitureFittings 2017-05-31 05137939 uk-core:CommercialMotorVehicles 2017-05-31 05137939 uk-core:CommercialMotorVehicles 2018-05-31 05137939 uk-core:FurnitureFittings 2018-05-31 iso4217:GBP 05137939 uk-bus:AuditExemptWithAccountantsReport 2017-06-01 2018-05-31 05137939 uk-bus:FRS102 2017-06-01 2018-05-31 05137939 uk-bus:FullAccounts 2017-06-01 2018-05-31 05137939 uk-bus:PrivateLimitedCompanyLtd 2017-06-01 2018-05-31
Superglass Limited
Registered Number:05137939
For the year ended 31 May 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2018
Superglass Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 May 2018
Superglass Limited
Statement of Financial Position
Registered Number :
05137939
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
9,503
12,495
2
9,503
12,495
Current assets
168,360
Cash and cash equivalents
195,147
195,147
168,360
Trade and other payables: amounts falling due within one
year
(19,461)
(18,146)
3
148,899
177,001
Net current assets
Total assets less current liabilities
186,504
161,394
186,504
Net assets
161,394
Capital and reserves
Called up share capital
1
1
Retained earnings
186,503
161,393
186,504
161,394
Shareholders' funds
For the year ended 31 May 2018 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 of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Darryl Glass Director
These financial statements were approved and authorised for issue by the Board on 30 October 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2018
Superglass Limited
Notes to the Financial Statements
Statutory Information
Superglass Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05137939.
Principal place of business:
103 Bradley House
Radcliffe Moor Road
Bolton
Lancs
BL2 6RT
Registered address:
103 Bradley House
Radcliffe Moor Road
Bolton
Lancs
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 3
5
For the year ended 31 May 2018
Superglass Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or
valuation
At 01 June 2017
26,360
6,480
19,880
At 31 May 2018
19,880
6,480
26,360
Provision for depreciation and impairment
At 01 June 2017
13,865
5,167
8,698
Charge for year
2,992
197
2,795
At 31 May 2018
16,857
5,364
11,493
At 31 May 2018
Net book value
8,387
1,116
9,503
At 31 May 2017
11,182
1,313
12,495
3. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Taxation and social security
16,793
18,069
Other creditors
1,353
1,392
18,146
19,461
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