S.T. Glazing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03141143 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2018

FOR

S.T. GLAZING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

Mr R.J. Walker

Mr W L Norton

SECRETARY:

Mr R.J. Walker

REGISTERED OFFICE:

11 Britannia Court

Burnt Mills Industrial Estate

Basildon

Essex

SS13 1EU

REGISTERED NUMBER:

03141143 (England and Wales)

ACCOUNTANTS:

Insight Strategic Associates

Chartered Certified Accountants

10 Towerfield Road

Shoeburyness

Essex

SS3 9QE

FIXED ASSETS

Tangible assets

4

6,175

8,215

CURRENT ASSETS

Stocks

5

13,250

13,250

Debtors

6

42,807

49,558

Cash at bank and in hand

6,444

6,304

62,501

69,112

CREDITORS

Amounts falling due within one year

7

(105,373

)

(114,000

)

NET CURRENT LIABILITIES

(42,872

)

(44,888

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(36,697

)

(36,673

)

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

(37,097

)

(37,073

)

SHAREHOLDERS' FUNDS

(36,697

)

(36,673

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29th October 2018 and were signed on its behalf by:

Mr W L Norton - Director

1.	STATUTORY INFORMATION

S.T. Glazing 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st March 2017

and 28th February 2018

5,045

2,900

18,043

25,988

DEPRECIATION

At 1st March 2017

4,751

2,593

10,429

17,773

Charge for year

59

77

1,904

2,040

At 28th February 2018

4,810

2,670

12,333

19,813

NET BOOK VALUE

At 28th February 2018

235

230

5,710

6,175

At 28th February 2017

294

307

7,614

8,215

5.

STOCKS

2018

2017

£

£

Raw materials

4,000

4,000

Work-in-progress

9,250

9,250

13,250

13,250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

26,786

33,797

VAT

253

-

Deferred tax asset

15,768

15,761

42,807

49,558

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

18,530

14,024

Social security and other taxes

2,454

1,150

VAT

-

8

Other creditors

78,704

87,488

Directors' current accounts

3,825

9,470

Accruals and deferred income

1,860

1,860

105,373

114,000

8.	GOING CONCERN

The accounts have been prepared on a going concern basis, the directors have confirmed that

the balance of £75,854 owed to Sealant Techniques a company controlled by the directors

will not be called up for payment.

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of S.T. Glazing Limited for the year ended 28th February 2018

which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of

Changes in Equity and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of S.T. Glazing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S.T. Glazing Limited and state those matters that we have agreed to state to the Board of Directors of S.T. Glazing Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that S.T. Glazing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of S.T. Glazing Limited. You consider that S.T. Glazing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S.T. Glazing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Insight Strategic Associates

Chartered Certified Accountants

10 Towerfield Road

Shoeburyness

Essex

SS3 9QE

29th October 2018