Glas Design Ltd
Glas Design Ltd
Registered number: 09769725
Unaudited ABRIDGED Financial Statements
For The Year Ended
31 January 2021
Northern Accountants
Glas Design Ltd
Unaudited Financial Statements
For The Year Ended
31 January 2021
Unaudited Financial Statements
Contents | |
Page | |
---|---|
Abridged Balance Sheet | 1—2 |
Notes to the Abridged Financial Statements | 3 |
Glas Design Ltd
Abridged Balance Sheet
As at
31 January 2021
Abridged Balance Sheet
Registered number:
09769725
For the year ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2021 | 2020 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year |
( |
|
|||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 3 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 2,004 | 2 | |||
Page 1
Glas Design Ltd
Abridged Balance Sheet (continued)
As at
31 January 2021
Director's responsibilities
-
The member has 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
-
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 January 2021 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Director
|
|
The notes on page 3 form part of these financial statements.
Page 2
Glas Design Ltd
Notes to the Abridged Financial Statements
For The Year Ended
31 January 2021
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively."
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2020: 1)
3.
Share Capital
2021 | 2020 | ||
---|---|---|---|
Allotted, Called up and fully paid |
|
|
|
4.
General Information
Glas Design Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
09769725
. The registered office is Gmt House, 76 Leeds Road, Wakefield, West Yorkshire, WF1 2QF.
Page 3