Company Registration No. 11458087 (England and Wales)
PHANTOM GLAZING AND GLASS LTD
Unaudited accounts
for the year ended 31 July 2020
PHANTOM GLAZING AND GLASS LTD
Unaudited accounts
Contents
PHANTOM GLAZING AND GLASS LTD
Company Information
for the year ended 31 July 2020
Company Number
11458087 (England and Wales)
Registered Office
100 Garnett Street
Bradford
BD3 9HB
Accountants
B Ram & Co Accountants
7 Idle Road
Bradford
BD2 4QA
PHANTOM GLAZING AND GLASS LTD
Statement of financial position
as at 31 July 2020
Tangible assets
10,583
14,088
Cash at bank and in hand
27,481
1,022
Creditors: amounts falling due within one year
(1,174)
(1,207)
Net current assets
36,624
10,598
Total assets less current liabilities
47,207
24,686
Creditors: amounts falling due after more than one year
(53,100)
(23,158)
Net (liabilities)/assets
(5,893)
1,528
Called up share capital
2
2
Profit and loss account
(5,895)
1,526
Shareholders' funds
(5,893)
1,528
For the year ending 31 July 2020 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 April 2021 and were signed on its behalf by
Waqas Hussain
Director
Company Registration No. 11458087
PHANTOM GLAZING AND GLASS LTD
Notes to the Accounts
for the year ended 31 July 2020
PHANTOM GLAZING AND GLASS LTD is a private company, limited by shares, registered in England and Wales, registration number 11458087. The registered office is 100 Garnett Street, Bradford, BD3 9HB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2019
15,558
3,000
200
18,758
At 31 July 2020
15,558
3,000
200
18,758
At 1 August 2019
3,890
750
30
4,670
Charge for the year
2,917
562
26
3,505
At 31 July 2020
6,807
1,312
56
8,175
At 31 July 2020
8,751
1,688
144
10,583
At 31 July 2019
11,668
2,250
170
14,088
PHANTOM GLAZING AND GLASS LTD
Notes to the Accounts
for the year ended 31 July 2020
5
Debtors: amounts falling due within one year
2020
2019
6
Creditors: amounts falling due within one year
2020
2019
Loans from directors
74
607
7
Creditors: amounts falling due after more than one year
2020
2019
8
Average number of employees
During the year the average number of employees was 2 (2019: 1).