Glasswick Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03705306 (England and Wales)

Financial Statements for the Year Ended 31 March 2018

for

Glasswick Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P P Hayden

I B Simon

SECRETARY:

P P Hayden

REGISTERED OFFICE:

Unit 5, Anamax Business Park,

Oxford Road

Tatling End

Gerrards Cross

Buckinghamshire

SL9 7BB

REGISTERED NUMBER:

03705306 (England and Wales)

ACCOUNTANTS:

Amersham Accountancy

King George V Lodge

King George V Road

Amersham

Buckinghamshire

HP6 5FB

FIXED ASSETS

Tangible assets

3

490,094

CURRENT ASSETS

Debtors

4

598

57,074

Investments

5

-

30

Cash at bank

16,626

27,940

17,224

85,044

CREDITORS

Amounts falling due within one year

6

34,102

105,689

NET CURRENT LIABILITIES

(16,878

)

(20,645

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

473,216

469,449

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

7

388,976

Retained earnings

84,140

80,373

SHAREHOLDERS' FUNDS

473,216

469,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 November 2018 and were signed on its behalf
by:

P P Hayden - Director

1.	STATUTORY INFORMATION

Glasswick 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.

Tangible fixed assets

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

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.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2017

and 31 March 2018

533,237

DEPRECIATION

At 1 April 2017

and 31 March 2018

43,143

NET BOOK VALUE

At 31 March 2018

490,094

At 31 March 2017

490,094

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Trade debtors

-

705

Amounts owed by group undertakings

-

56,269

Other debtors

598

100

598

57,074

5.	CURRENT ASSET INVESTMENTS

31.3.18

31.3.17

£

Shares in group undertakings

-

30

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

Taxation and social security

891

72,540

Other creditors

33,211

33,149

34,102

105,689

7.

RESERVES

Revaluation

reserve

£

At 1 April 2017

and 31 March 2018

388,976

Glasswick Limited - Accounts to registrar (filleted) - small 18.2

Glasswick Limited - Accounts to registrar (filleted) - small 18.2