| STARLIGHT DOUBLE GLAZING LIMITED |
| Balance Sheet |
| as at 31 December 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
9,030 |
|
|
11,663 |
|
| Current assets |
| Stocks |
|
|
6,150 |
|
|
6,300 |
| Debtors |
4 |
|
85,370 |
|
|
63,777 |
| Cash at bank and in hand |
|
|
20,471 |
|
|
50,361 |
|
|
|
|
111,991 |
|
|
120,438 |
| Creditors: amounts falling due within one year |
5 |
|
(94,461) |
|
|
(96,017) |
|
| Net current assets |
|
|
|
17,530 |
|
|
24,421 |
|
|
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
|
26,560 |
|
|
36,084 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(14,741) |
|
|
(20,802) |
|
| Provisions for liabilities |
|
|
|
(1,692) |
|
|
(2,188) |
|
|
|
|
|
|
|
|
| Net assets |
|
|
|
10,127 |
|
|
13,094 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
8 |
|
|
8 |
| Profit and loss account |
|
|
|
10,119 |
|
|
13,086 |
|
|
|
|
|
|
|
|
| Shareholders' funds |
|
|
|
10,127 |
|
|
13,094 |
|
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
|
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
|
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
|
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| MR. A. HARTSHORN |
| Director |
| Approved by the board on 11 September 2023 |
|
| STARLIGHT DOUBLE GLAZING LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Plant and machinery |
25% reducing balance basis |
|
Office fixtures, fittings and equipment |
25% reducing balance basis |
|
Motor vehicles |
20% reducing balance basis |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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. Current and deferred tax assets and liabilities are not discounted. |
|
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Plant and machinery |
|
Fixtures, fittings tools and equipment |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2022 |
25,736 |
|
750 |
|
11,000 |
|
37,486 |
|
At 31 December 2022 |
25,736 |
|
750 |
|
11,000 |
|
37,486 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2022 |
19,710 |
|
745 |
|
5,368 |
|
25,823 |
|
Charge for the year |
1,506 |
|
1 |
|
1,126 |
|
2,633 |
|
At 31 December 2022 |
21,216 |
|
746 |
|
6,494 |
|
28,456 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2022 |
4,520 |
|
4 |
|
4,506 |
|
9,030 |
|
At 31 December 2021 |
6,026 |
|
5 |
|
5,632 |
|
11,663 |
|
|
|
|
|
|
|
2022 |
|
2021 |
| £ |
£ |
|
Net book value of vehicles included above held under hire purchase and lease puchase contracts |
|
4,506 |
|
5,632 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade debtors |
83,561 |
|
60,123 |
|
Other debtors |
1,809 |
|
3,654 |
|
|
|
|
|
|
85,370 |
|
63,777 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loan (unsecured) |
2,342 |
|
2,342 |
|
Obligations under finance lease and hire purchase contracts (secured) |
|
1,191 |
|
3,048 |
|
Trade creditors |
75,362 |
|
67,811 |
|
Corporation tax |
3,551 |
|
2,029 |
|
Taxes and social security costs |
3,828 |
|
14,990 |
|
Other creditors |
8,187 |
|
5,797 |
|
|
|
|
|
|
94,461 |
|
96,017 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loan (unsecured) |
14,741 |
|
19,611 |
|
Obligations under finance lease and hire purchase contracts (secured) |
|
- |
|
1,191 |
|
|
|
|
|
|
14,741 |
|
20,802 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Contingent liabilities |
|
There is a contingent liability for remedial work in respect of manufacturing warranties which cannot be estimated. No such liabilities had been notified at the date of the directors' report. |
|
|
| 8 |
Controlling party |
|
The directors of the company at the Balance Sheet date each control 25% of the issued share capital of the company. |
|
|
| 9 |
Other information |
|
STARLIGHT DOUBLE GLAZING LIMITED is a private company limited by shares and incorporated in England (Company Number 04122891). Its registered office is Unit 4, Rosevale Road, Parkhouse Industrial Estate West, Chesterton, Newcastle, Staffordshire, ST5 7EF. |
