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REGISTERED NUMBER: 06492890 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2018

for

P.T.F. Glass Limited

P.T.F. Glass Limited (Registered number: 06492890)






Contents of the Financial Statements
for the Year Ended 31 January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.T.F. Glass Limited

Company Information
for the Year Ended 31 January 2018







DIRECTORS: P T French
Mrs D French





SECRETARY: Mrs D French





REGISTERED OFFICE: Vaynol Gate
Rooms Lane
Morley
Leeds
West Yorkshire
LS27 9PA





REGISTERED NUMBER: 06492890 (England and Wales)





ACCOUNTANTS: Frank W Dobby & Co Limited
Chartered Certified Accountants
55 Fountain Street
Morley
Leeds
West Yorkshire
LS27 0AA

P.T.F. Glass Limited (Registered number: 06492890)

Balance Sheet
31 January 2018

31.1.18 31.1.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,547 6,481
8,547 6,481

CURRENT ASSETS
Stocks 6 2,875 1,000
Debtors 7 47,226 45,517
Cash at bank 9,699 6,253
59,800 52,770
CREDITORS
Amounts falling due within one year 8 53,422 57,041
NET CURRENT ASSETS/(LIABILITIES) 6,378 (4,271 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,925

2,210

PROVISIONS FOR LIABILITIES 1,624 1,296
NET ASSETS 13,301 914

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,201 814
SHAREHOLDERS' FUNDS 13,301 914

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

P.T.F. Glass Limited (Registered number: 06492890)

Balance Sheet - continued
31 January 2018


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 20 February 2018 and were signed on its behalf by:





P T French - Director


P.T.F. Glass Limited (Registered number: 06492890)

Notes to the Financial Statements
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

P.T.F. Glass 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.

The financial statements are presented in Sterling (£)

Turnover
Turnover represents net invoiced sales of services excluding value added tax. Revenue is recognised at the point at
which the invoice for services is issued.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less
any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and
accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether
there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable
amount of an asset is estimated in order to determine the extent of the impairment loss.

Stocks
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the
related revenue is recognised. The amount of any write down of stocks to net realisable value and all losses of stocks
are recognised as an expense in the period in which the write down or loss occurs. The amount of any reversal of any
write down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in
which the reversal occurs.

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.

P.T.F. Glass Limited (Registered number: 06492890)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

2. ACCOUNTING POLICIES - continued

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 8 (2017 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2017
and 31 January 2018 40,000
AMORTISATION
At 1 February 2017
and 31 January 2018 40,000
NET BOOK VALUE
At 31 January 2018 -
At 31 January 2017 -

P.T.F. Glass Limited (Registered number: 06492890)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2017 13,908 2,863 3,369 20,140
Additions - - 3,500 3,500
At 31 January 2018 13,908 2,863 6,869 23,640
DEPRECIATION
At 1 February 2017 8,925 1,618 3,116 13,659
Charge for year 748 184 502 1,434
At 31 January 2018 9,673 1,802 3,618 15,093
NET BOOK VALUE
At 31 January 2018 4,235 1,061 3,251 8,547
At 31 January 2017 4,983 1,245 253 6,481

6. STOCKS
31.1.18 31.1.17
£    £   
Stocks 2,875 1,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Trade debtors 43,333 42,042
Prepayments 3,893 3,475
47,226 45,517

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.18 31.1.17
£    £   
Trade creditors 24,689 22,208
Tax 9,635 6,279
Social security and other taxes 2,302 4,335
VAT 9,900 10,294
Directors' current accounts 5,550 12,500
Accrued expenses 1,346 1,425
53,422 57,041

P.T.F. Glass Limited (Registered number: 06492890)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2017 - £24,000) were paid to the directors .

The directors provided an interest free loan to the company. Additional monies loaned to the company in the year
amounted to £30,000 and withdrawal of £36,950 were made.

Amount due to related party as at 31st January 2018 was £5,550 (2017 - £12,500).