Ward Glass Contractors Ltd - Accounts to registrar (filleted) - small 23.1.2

Ward Glass Contractors Ltd - Accounts to registrar (filleted) - small 23.1.2

WARD GLASS CONTRACTORS LTD - Company Information

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REGISTERED NUMBER: 04762919 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2023

for

WARD GLASS CONTRACTORS LTD
Outsourced ACC Ltd
Chartered Management Accountants
High Street Centre
137-139 High Street
Beckenham
Kent
BR3 1AG








WARD GLASS CONTRACTORS LTD (REGISTERED NUMBER: 04762919)






Contents of the Financial Statements
for the Year Ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WARD GLASS CONTRACTORS LTD

Company Information
for the Year Ended 30th April 2023







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
Page 1
WARD GLASS CONTRACTORS LTD (REGISTERED NUMBER: 04762919)

Balance Sheet
30th April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 250,000 250,000
Tangible assets 5 48,641 60,654
298,641 310,654

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 6 78,901 216,061
Cash at bank and in hand 630,239 427,179
739,140 673,240
CREDITORS
Amounts falling due within one year 7 205,158 242,736
NET CURRENT ASSETS 533,982 430,504
TOTAL ASSETS LESS CURRENT
LIABILITIES
832,623
741,158

CREDITORS
Amounts falling due after more than one year 8 - 42,505
NET ASSETS 832,623 698,653

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 832,473 698,503
SHAREHOLDERS' FUNDS 832,623 698,653

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th April 2023 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 notes form part of these financial statements

Page 2 continued...
WARD GLASS CONTRACTORS LTD (REGISTERED NUMBER: 04762919)

Balance Sheet - continued
30th April 2023


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 19th September 2023 and were signed on its behalf by:




Mrs Lyn Ward - Director



Mrs Rachel Lucy Wimpress - Director


The notes form part of these financial statements

Page 3
WARD GLASS CONTRACTORS LTD (REGISTERED NUMBER: 04762919)

Notes to the Financial Statements
for the Year Ended 30th April 2023

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 11 (2022 - 8 ) .

Page 4 continued...
WARD GLASS CONTRACTORS LTD (REGISTERED NUMBER: 04762919)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2022
and 30th April 2023 250,000
NET BOOK VALUE
At 30th April 2023 250,000
At 30th April 2022 250,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2022 40,000 84,512 21,178 145,690
Additions - - 147 147
At 30th April 2023 40,000 84,512 21,325 145,837
DEPRECIATION
At 1st May 2022 40,000 26,361 18,675 85,036
Charge for year - 11,630 530 12,160
At 30th April 2023 40,000 37,991 19,205 97,196
NET BOOK VALUE
At 30th April 2023 - 46,521 2,120 48,641
At 30th April 2022 - 58,151 2,503 60,654

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade debtors 80,093 199,361
Other debtors (1,192 ) 16,700
78,901 216,061

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans and overdrafts - 2,099
Trade creditors 61,638 53,258
Taxation and social security 143,520 55,000
Other creditors - 132,379
205,158 242,736

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans - 42,505

Page 5