Global Glass & Windows Limited - Accounts to registrar (filleted) - small 18.2
Global Glass & Windows Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2019 |
| for |
| Global Glass & Windows Limited |
| Global Glass & Windows Limited (Registered number: 04294988) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 8 |
| Global Glass & Windows Limited |
| Company Information |
| for the Year Ended 31 October 2019 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 39 High Street |
| Wednesfield |
| Wolverhampton |
| West Midlands |
| WV11 1ST |
| Global Glass & Windows Limited (Registered number: 04294988) |
| Balance Sheet |
| 31 October 2019 |
| 31.10.19 | 31.10.18 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Investments | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| Global Glass & Windows Limited (Registered number: 04294988) |
| Balance Sheet - continued |
| 31 October 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved and authorised for issue by the director on by: |
| Global Glass & Windows Limited (Registered number: 04294988) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2019 |
| 1. | STATUTORY INFORMATION |
| Global Glass & Windows Limited is a |
| 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 |
| 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 |
| Land and buildings | - |
| Plant and machinery etc | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes |
| in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. Work in progress is valued at selling price. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and |
| Retained Earnings, 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. |
| Global Glass & Windows Limited (Registered number: 04294988) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange |
| ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating |
| result. |
| Investments |
| Investments held as current assets are stated at cost less provision for any permanent diminution in value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 November 2018 |
| and 31 October 2019 |
| AMORTISATION |
| At 1 November 2018 |
| and 31 October 2019 |
| NET BOOK VALUE |
| At 31 October 2019 |
| At 31 October 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 October 2019 |
| DEPRECIATION |
| At 1 November 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 October 2019 |
| NET BOOK VALUE |
| At 31 October 2019 |
| At 31 October 2018 |
| Global Glass & Windows Limited (Registered number: 04294988) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2019 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 November 2018 |
| and 31 October 2019 |
| NET BOOK VALUE |
| At 31 October 2019 |
| At 31 October 2018 |
| Fair value at 31 October 2019 is represented by: |
| £ |
| Valuation in 2017 | (28,230 | ) |
| Valuation in 2018 | 11,561 |
| Cost | 331,669 |
| 315,000 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.19 | 31.10.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CURRENT ASSET INVESTMENTS |
| 31.10.19 | 31.10.18 |
| £ | £ |
| Other |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.19 | 31.10.18 |
| £ | £ |
| Trade creditors |
| Other creditors |
| Global Glass & Windows Limited (Registered number: 04294988) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2019 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.10.19 | 31.10.18 |
| £ | £ |
| Other loans |
| Other loans are secured by a fixed charge over the current asset investments. |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Global Glass & Windows Limited |
| The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Global Glass & Windows Limited for the year ended 31 October 2019 which comprise the |
| Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting |
| records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Global Glass & Windows Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Global Glass & Windows Limited and state those matters that we have agreed to state to the director of Global Glass & Windows Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Global Glass & Windows Limited and its director for our work or for this report. |
| It is your duty to ensure that Global Glass & Windows Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Global Glass & Windows Limited. You consider that Global Glass & Windows Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Global Glass & Windows Limited. 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 statutory financial statements. |
| Chartered Accountants |
| 39 High Street |
| Wednesfield |
| Wolverhampton |
| West Midlands |
| WV11 1ST |