Registered Number
:
03253173
|
For the year ended 31 December 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2021
E & M Glass Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
E & M Glass Ltd
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
71,981
72,174
2
71,981
72,174
1,000
1,000
3
Trade and other receivables
|
5,250
2,103
4
12,003
Cash and cash equivalents
|
23,345
26,448
18,253
Trade and other payables
:
amounts falling due within one
|
year
|
(24,231)
(30,290)
5
(5,978)
(3,842)
Net current liabilities
Total assets less current liabilities
|
68,139
66,196
Trade and other payables
:
amounts falling due after more
|
than one year
|
(64,259)
(51,258)
6
(376)
(413)
Provisions for liabilities
|
16,505
Net assets
1,524
1,000
1,000
15,505
524
16,505
1,524
Shareholders' funds
For the year ended 31 December 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
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For the year ended 31 December 2021
E & M Glass Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 19 April 2022 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2021
E & M Glass Ltd
Notes to the Financial Statements
Statutory Information
E
&
M Glass Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
03253173
.
|
Sarn Glass Studio
Tallarn Green
Malpas
Cheshire
SY14 7LN
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Property & workshop
Plant & equipment
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
|
would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
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For the year ended 31 December 2021
E & M Glass Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
100,907
30,907
70,000
116
116
-
70,000
31,023
101,023
Provision for depreciation and impairment
|
28,733
28,733
-
Charge for year
309
309
-
29,042
29,042
-
70,000
1,981
71,981
70,000
2,174
72,174
2020
2021
1,000
1,000
4
.
Trade and other receivables
|
2020
2021
2,103
3,121
Taxation and social security
|
-
2,129
5,250
2,103
5
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
Bank loans and overdraft
(
secured
)
|
10,493
4,825
-
5,712
Taxation and social security
|
19,797
13,694
30,290
24,231
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For the year ended 31 December 2021
E & M Glass Ltd
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
20,115
30,000
Bank loans and overdraft
(
secured
)
|
-
4,090
30,169
31,143
Directors
'
loan accounts
|
51,258
64,259
7
.
Average number of persons employed
|
During the year the average number of employees was 4 (2020 : 4)
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