Rayleigh Glass Windows & Conservatories - Accounts to registrar (filleted) - small 23.2.5

RAYLEIGH GLASS WINDOWS & CONSERVATORIES LIMITED - Company Information

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REGISTERED NUMBER: 01708396 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RAYLEIGH GLASS WINDOWS & CONSERVATORIES

LIMITED

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTOR:

M Evans

REGISTERED OFFICE:

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

BUSINESS ADDRESS:

5 Fletchers Square

Temple Farm Industrial Estate

Southend

Essex

SS2 5RN

REGISTERED NUMBER:

01708396 (England and Wales)

ACCOUNTANTS:

A.R. Lee & Co.

Chartered Certified Accountants

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

FIXED ASSETS

Tangible assets

29,181

36,605

CURRENT ASSETS

Stocks

35,564

12,700

Debtors

3,138

3,525

Cash at bank and in hand

314,429

373,135

353,131

389,360

CREDITORS

Amounts falling due within one year

179,932

174,620

NET CURRENT ASSETS

173,199

214,740

TOTAL ASSETS LESS CURRENT
LIABILITIES

202,380

251,345

CREDITORS

Amounts falling due after more than one
year

(19,167

)

(29,167

)

PROVISIONS FOR LIABILITIES

(5,385

)

(8,928

)

NET ASSETS

177,828

213,250

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

176,828

212,250

SHAREHOLDERS' FUNDS

177,828

213,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 June 2024 and were signed by:

M J Evans - Director

1.	STATUTORY INFORMATION

Rayleigh Glass Windows & Conservatories Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Fixtures and fittings

10% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

10% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 makes employer contributions to the directors' own pension arrangements and these are charged to the profit and loss account in the period they are made.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

COST

At 1 January 2023

11,724

53,195

13,886

78,805

Additions

1,715

Disposals

(2,507

)

(2,507

)

At 31 December 2023

11,724

53,195

13,094

78,013

DEPRECIATION

At 1 January 2023

8,147

28,018

6,035

42,200

Charge for year

359

6,295

789

7,443

Eliminated on disposal

(811

)

(811

)

At 31 December 2023

8,506

34,313

6,013

48,832

NET BOOK VALUE

At 31 December 2023

3,218

18,882

7,081

29,181

At 31 December 2022

3,577

25,177

7,851

36,605

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

Trade debtors

705

Other debtors

2,433

3,525

3,138

3,525

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

Bank loans and overdrafts

10,000

Trade creditors

124,233

79,720

Taxation and social security

32,751

75,363

Other creditors

12,948

9,537

179,932

174,620

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.23

31.12.22

Bank loans

19,167

29,167

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.23

31.12.22

value:

1,000

Ordinary

£1

1,000

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £6,768 being the van lease payable for the remainder of the lease period to December 2024.