Histoglass Limited

HISTOGLASS LIMITED - Company Information

2021-01-012021-12-312021-12-31false06545137Histoglass Limited2022-09-29iso4217:GBPxbrli:pure065451372021-01-01065451372021-12-31065451372021-01-012021-12-31065451372020-01-01065451372020-12-31065451372020-01-012020-12-3106545137bus:SmallEntities2021-01-012021-12-3106545137bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3106545137bus:FullAccounts2021-01-012021-12-3106545137bus:PrivateLimitedCompanyLtd2021-01-012021-12-3106545137core:WithinOneYear2021-12-3106545137core:AfterOneYear2021-12-3106545137core:WithinOneYear2020-12-3106545137core:AfterOneYear2020-12-3106545137core:ShareCapital2021-12-3106545137core:SharePremium2021-12-3106545137core:RevaluationReserve2021-12-3106545137core:OtherReservesSubtotal2021-12-3106545137core:RetainedEarningsAccumulatedLosses2021-12-3106545137core:ShareCapital2020-12-3106545137core:SharePremium2020-12-3106545137core:RevaluationReserve2020-12-3106545137core:OtherReservesSubtotal2020-12-3106545137core:RetainedEarningsAccumulatedLosses2020-12-3106545137core:LandBuildings2021-12-3106545137core:PlantMachinery2021-12-3106545137core:Vehicles2021-12-3106545137core:FurnitureFittings2021-12-3106545137core:OfficeEquipment2021-12-3106545137core:NetGoodwill2021-12-3106545137core:IntangibleAssetsOtherThanGoodwill2021-12-3106545137core:ListedExchangeTraded2021-12-3106545137core:UnlistedNon-exchangeTraded2021-12-3106545137core:LandBuildings2020-12-3106545137core:PlantMachinery2020-12-3106545137core:Vehicles2020-12-3106545137core:FurnitureFittings2020-12-3106545137core:OfficeEquipment2020-12-3106545137core:NetGoodwill2020-12-3106545137core:IntangibleAssetsOtherThanGoodwill2020-12-3106545137core:ListedExchangeTraded2020-12-3106545137core:UnlistedNon-exchangeTraded2020-12-3106545137core:LandBuildings2021-01-012021-12-3106545137core:PlantMachinery2021-01-012021-12-3106545137core:Vehicles2021-01-012021-12-3106545137core:FurnitureFittings2021-01-012021-12-3106545137core:OfficeEquipment2021-01-012021-12-3106545137core:NetGoodwill2021-01-012021-12-3106545137core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3106545137core:ListedExchangeTraded2021-01-012021-12-3106545137core:UnlistedNon-exchangeTraded2021-01-012021-12-3106545137core:MoreThanFiveYears2021-01-012021-12-3106545137core:Non-currentFinancialInstruments2021-12-3106545137core:Non-currentFinancialInstruments2020-12-3106545137dpl:CostSales2021-01-012021-12-3106545137dpl:DistributionCosts2021-01-012021-12-3106545137dpl:AdministrativeExpenses2021-01-012021-12-3106545137core:LandBuildings2021-01-012021-12-3106545137core:PlantMachinery2021-01-012021-12-3106545137core:Vehicles2021-01-012021-12-3106545137core:FurnitureFittings2021-01-012021-12-3106545137core:OfficeEquipment2021-01-012021-12-3106545137core:NetGoodwill2021-01-012021-12-3106545137core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3106545137dpl:GroupUndertakings2021-01-012021-12-3106545137dpl:ParticipatingInterests2021-01-012021-12-3106545137dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3106545137core:ListedExchangeTraded2021-01-012021-12-3106545137dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3106545137core:UnlistedNon-exchangeTraded2021-01-012021-12-3106545137dpl:CostSales2020-01-012020-12-3106545137dpl:DistributionCosts2020-01-012020-12-3106545137dpl:AdministrativeExpenses2020-01-012020-12-3106545137core:LandBuildings2020-01-012020-12-3106545137core:PlantMachinery2020-01-012020-12-3106545137core:Vehicles2020-01-012020-12-3106545137core:FurnitureFittings2020-01-012020-12-3106545137core:OfficeEquipment2020-01-012020-12-3106545137core:NetGoodwill2020-01-012020-12-3106545137core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3106545137dpl:GroupUndertakings2020-01-012020-12-3106545137dpl:ParticipatingInterests2020-01-012020-12-3106545137dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-012020-12-3106545137core:ListedExchangeTraded2020-01-012020-12-3106545137dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-012020-12-3106545137core:UnlistedNon-exchangeTraded2020-01-012020-12-3106545137core:NetGoodwill2021-12-3106545137core:IntangibleAssetsOtherThanGoodwill2021-12-3106545137core:LandBuildings2021-12-3106545137core:PlantMachinery2021-12-3106545137core:Vehicles2021-12-3106545137core:FurnitureFittings2021-12-3106545137core:OfficeEquipment2021-12-3106545137core:AfterOneYear2021-12-3106545137core:WithinOneYear2021-12-3106545137core:ListedExchangeTraded2021-12-3106545137core:UnlistedNon-exchangeTraded2021-12-3106545137core:ShareCapital2021-12-3106545137core:SharePremium2021-12-3106545137core:RevaluationReserve2021-12-3106545137core:OtherReservesSubtotal2021-12-3106545137core:RetainedEarningsAccumulatedLosses2021-12-3106545137core:NetGoodwill2020-12-3106545137core:IntangibleAssetsOtherThanGoodwill2020-12-3106545137core:LandBuildings2020-12-3106545137core:PlantMachinery2020-12-3106545137core:Vehicles2020-12-3106545137core:FurnitureFittings2020-12-3106545137core:OfficeEquipment2020-12-3106545137core:AfterOneYear2020-12-3106545137core:WithinOneYear2020-12-3106545137core:ListedExch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Histoglass Limited

Registered Number
06545137
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

Histoglass Limited

Company Information
for the year from 1 January 2021 to 31 December 2021


Directors	BROUNS, Michael Mathias
	BROUNS, Susan


Registered Address	Highfield Selby Road
	Garforth
	Leeds
	LS25 2AG


Registered Number	06545137 (England and Wales)

Histoglass Limited

Statement of Financial Position
31 December 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Tangible assets	6		39,544		34,875
			39,544		34,875
Current assets
Stocks	9	2,000		2,200
Debtors	10	111,400		96,618
Cash at bank and on hand		130,633		406,465
		244,033		505,283
Creditors amounts falling due within one year	11	(120,260)		(377,071)
Net current assets (liabilities)			123,773		128,212
Total assets less current liabilities			163,317		163,087
Creditors amounts falling due after one year	12		(64,422)		(97,165)
Provisions for liabilities	13		(7,513)		(2,830)
Net assets			91,382		63,092
Capital and reserves
Called up share capital			100		100
Profit and loss account			91,282		62,992
Shareholders' funds			91,382		63,092

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2022, and are signed on its behalf by:

BROUNS, Michael Mathias
Director
Registered Company No. 06545137

Histoglass Limited

Notes to the Financial Statements
for the year ended 31 December 2021

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Principal activities
	The principle activity of the company is the specialized provision of replacement glazing for period properties.

3.	Basis of measurement used in financial statements
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

4.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Property, plant and equipment policy

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Fixtures and fittings	25	-
Office Equipment	-	3

	Stocks policy
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Leases policy

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Employee benefits policy
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits policy

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Valuation of financial instruments policy
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

5.	Employee information


		2021		2020
	Average number of employees during the year	5		4

6.	Property, plant and equipment

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 21	24,545	53,781	8,356	86,682
Additions	869	1,834	15,374	18,077
At 31 December 21	25,414	55,615	23,730	104,759
Depreciation and impairment
At 01 January 21	17,542	28,651	5,614	51,807
Charge for year	1,785	6,620	5,003	13,408
At 31 December 21	19,327	35,271	10,617	65,215
Net book value
At 31 December 21	6,087	20,344	13,113	39,544
At 31 December 20	7,003	25,130	2,742	34,875

7.	Description of financial commitments other than capital commitments
	At 31st December 2021 the company had future minimum lease payments under non-cancellable operating leases of £26,768 (2020: £37,346).

8.	Description of nature of transactions and balances with related parties
	On 1st January 2021 the company owed the directors £4,954. During the period the directors extracted £53,117 and repaid £27,679. At 31st December 2021 the directors owe the company £20,484. Interest is charged on the amount borrowed at the official rate as published by HM Revenue & Customs.

9.	Stocks

	2021	2020
	£	£
Raw materials and consumables	2,000	2,200
Total	2,000	2,200

10.	Debtors

	2021	2020
	£	£
Trade debtors / trade receivables	17,314	20,576
Other debtors	91,222	73,178
Other debtors (Non-current)	2,864	2,864
Total	111,400	96,618


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method. There is an inter company balance totalling £64,526 in other debtors, being money owed from a sister company Brouns & Co Limited. The directors are both directors and shareholders of Brouns & Co Limited.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

There is an inter company balance totalling £64,526 in other debtors, being money owed from a sister company Brouns & Co Limited.
The directors are both directors and shareholders of Brouns & Co Limited.

11.	Creditors within one year

	2021	2020
	£	£
Trade creditors / trade payables	8,559	30,464
Bank borrowings and overdrafts	32,367	22,367
Taxation and social security	44,327	123,986
Other creditors	35,007	200,254
Total	120,260	377,071


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Bank borrowings are secured by a debenture incorporating a fixed and floating charge over the company’s assets.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Bank borrowings are secured by a debenture incorporating a fixed and floating charge over the company’s assets.

12.	Creditors after one year

	2021	2020
	£	£
Bank borrowings and overdrafts	64,422	97,165
Total	64,422	97,165


	Bank borrowings are secured by a debenture incorporating a fixed and floating charge over the company’s assets.

13.	Provisions for liabilities

	2021	2020
	£	£
Net deferred tax liability (asset)	7,513	2,830
Total	7,513	2,830