Glass Technologies Limited - Abbreviated accounts

Registered number

09492344

Glass Technologies Limited

Abbreviated Accounts

31 March 2016

Glass Technologies Limited
Registered number:		09492344
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016
£
Fixed assets
Tangible assets	2		55,038

Current assets
Stocks		4,500
Debtors		57
Cash at bank and in hand		3,154
		7,711

Creditors: amounts falling due within one year		(93,757)

Net current liabilities			(86,046)

Net liabilities			(31,008)

Capital and reserves
Called up share capital	3		300
Profit and loss account			(31,308)

Shareholder's funds			(31,008)

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 member has 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr David Leigh
Director
Approved by the board on 27 March 2017

Glass Technologies Limited
Notes to the Abbreviated Accounts
for the period ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			15% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.


2	Tangible fixed assets					£

	Cost
	Additions					65,311
	At 31 March 2016					65,311

	Depreciation
	Charge for the period					10,273
	At 31 March 2016					10,273

	Net book value
	At 31 March 2016					55,038


3	Share capital	Nominal		2016		2016
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		300		300

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		300		300