Ward Glass Contractors Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04762919 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2022

for

WARD GLASS CONTRACTORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

Mrs Rachel Lucy Wimpress

Mrs Lyn Ward

Mr John Partrick Ward

SECRETARY:

Mrs Lyn Ward

REGISTERED OFFICE:

245 Amhurst Road

London

N16 7UN

REGISTERED NUMBER:

04762919 (England and Wales)

ACCOUNTANTS:

Outsourced ACC Ltd

Chartered Management Accountants

High Street Centre

137-139 High Street

Beckenham

Kent

BR3 1AG

FIXED ASSETS

Intangible assets

4

250,000

250,000

Tangible assets

5

60,654

34,673

310,654

284,673

CURRENT ASSETS

Stocks

30,000

41,500

Debtors

6

216,061

214,666

Cash at bank and in hand

427,179

488,075

673,240

744,241

CREDITORS

Amounts falling due within one year

7

242,736

277,232

NET CURRENT ASSETS

430,504

467,009

TOTAL ASSETS LESS CURRENT LIABILITIES

741,158

751,682

CREDITORS

Amounts falling due after more than one year

8

42,505

53,848

NET ASSETS

698,653

697,834

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

698,503

697,684

SHAREHOLDERS' FUNDS

698,653

697,834

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2022.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th April 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th November 2022 and were signed on its behalf by:

Mrs Lyn Ward - Director

Mrs Rachel Lucy Wimpress - Director

1.	STATUTORY INFORMATION

Ward Glass Contractors Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2021

and 30th April 2022

250,000

NET BOOK VALUE

At 30th April 2022

250,000

At 30th April 2021

250,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st May 2021

40,000

68,521

18,990

127,511

Additions

-

49,074

2,188

51,262

Disposals

-

(33,083

)

-

(33,083

)

At 30th April 2022

40,000

84,512

21,178

145,690

DEPRECIATION

At 1st May 2021

37,733

37,056

18,049

92,838

Charge for year

2,267

14,538

626

17,431

Eliminated on disposal

-

(25,233

)

-

(25,233

)

At 30th April 2022

40,000

26,361

18,675

85,036

NET BOOK VALUE

At 30th April 2022

-

58,151

2,503

60,654

At 30th April 2021

2,267

31,465

941

34,673

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/22

30/4/21

£

£

Trade debtors

199,361

184,875

Other debtors

16,700

29,791

216,061

214,666

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/22

30/4/21

£

£

Bank loans and overdrafts

2,099

-

Trade creditors

53,258

37,618

Taxation and social security

55,000

107,235

Other creditors

132,379

132,379

242,736

277,232

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/22

30/4/21

£

£

Bank loans

42,505

50,000

Other creditors

-

3,848

42,505

53,848

The following reproduces the text of the report prepared for the directors 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 Directors 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 Ward Glass Contractors Ltd for the year ended 30th April 2022 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of Ward Glass Contractors Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ward Glass Contractors Ltd and state those matters that we have agreed to state to the Board of Directors of Ward Glass Contractors Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ward Glass Contractors Ltd 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 Ward Glass Contractors Ltd. You consider that Ward Glass Contractors Ltd 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 Ward Glass Contractors Ltd. 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.

Outsourced ACC Ltd

Chartered Management Accountants

High Street Centre

137-139 High Street

Beckenham

Kent

BR3 1AG

25th November 2022