Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
World of Glass Limited
Contents
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World of Glass Limited
(Registration number: 04929781)
Abbreviated Balance Sheet at 31 May 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the director on
.........................................
R J Thompson
Director
1
World of Glass Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The balance sheet shows the company to have a deficit of assets against liabilities. The financial statements have been prepared on a going concern basis assuming the continued support of the bank and the directors, which we understand to be forthcoming.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Leasehold improvements |
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Plant and machinery |
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Fixtures and fittings |
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Office equipment |
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Leasing
Financial instruments
World of Glass Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 June 2015 |
311,742 |
311,742 |
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At 31 May 2016 |
311,742 |
311,742 |
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Depreciation |
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At 1 June 2015 |
201,011 |
201,011 |
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Charge for the year |
18,537 |
18,537 |
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At 31 May 2016 |
219,548 |
219,548 |
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Net book value |
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At 31 May 2016 |
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At 31 May 2015 |
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Creditors |
A legal mortgage is held over the leasehold property, Marine Cafe and a debenture over all the assets of the company.
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Control |
The company is controlled by the director who own 50% of the called up share capital.