A A Glaze Limited - Filleted accounts

Registered number

01584520

A A Glaze Limited

Filleted Accounts

30 September 2017

A A Glaze Limited
Registered number:		01584520
Balance Sheet
as at 30 September 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	2		51,072			51,387

Current assets
Stocks		17,834			15,316
Debtors	3	620			1,849
Cash at bank and in hand		6,303			14,298
		24,757			31,463

Creditors: amounts falling due within one year	4	(1,929)			(4,628)

Net current assets			22,828			26,835

Net assets			73,900			78,222

Capital and reserves
Called up share capital			100			100
Profit and loss account			73,800			78,122

Shareholders' funds			73,900			78,222

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 members have 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr A A Hirani
Director
Approved by the board on 25 June 2018

A A Glaze Limited
Notes to the Accounts
for the year ended 30 September 2017

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			20% WDV
	Motor Vehicle			20% WDV

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 October 2016	49,813		10,639		38,464		98,916
	At 30 September 2017	49,813		10,639		38,464		98,916

	Depreciation
	At 1 October 2016	-		10,538		36,991		47,529
	Charge for the year	-		20		295		315
	At 30 September 2017	-		10,558		37,286		47,844

	Net book value
	At 30 September 2017	49,813		81		1,178		51,072
	At 30 September 2016	49,813		101		1,473		51,387


3	Debtors					2017		2016
£							£

	Trade debtors					620		1,849


4	Creditors: amounts falling due within one year					2017		2016
£							£

	Trade creditors					162		-
	Taxation and social security costs					201		1,701
	Other creditors					1,566		2,927
						1,929		4,628


5	Other information

	A A Glaze Limited is a private company limited by shares and incorporated in England. Its registered office is:
	4 Harrow Road
	Wembley
	Middlesex
	HA9 6PG