Company Registration No. 07853792 (England and Wales)
Glotee Limited
Unaudited accounts
for the year ended 30 November 2021
Glotee Limited
Unaudited accounts
Contents
Glotee Limited
Company Information
for the year ended 30 November 2021
Company Number
07853792 (England and Wales)
Registered Office
Queens Court
9-17 Eastern Road
Romford
Essex
RM1 3NG
United Kingdom
Accountants
Xaris Accountants
20-22 Wenlock Road
Hoxton
London
England
N1 7GU
Glotee Limited
Statement of financial position
as at 30 November 2021
Tangible assets
1,691
1,678
Cash at bank and in hand
412
744
Creditors: amounts falling due within one year
(8,977)
(5,560)
Net current liabilities
(8,565)
(4,816)
Total assets less current liabilities
(6,874)
(3,138)
Creditors: amounts falling due after more than one year
(58,759)
(49,753)
Net liabilities
(65,633)
(52,891)
Called up share capital
10,000
10,000
Profit and loss account
(75,633)
(62,891)
Shareholders' funds
(65,633)
(52,891)
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2022 and were signed on its behalf by
Ted Usama
Director
Company Registration No. 07853792
Glotee Limited
Notes to the Accounts
for the year ended 30 November 2021
Glotee Limited is a private company, limited by shares, registered in England and Wales, registration number 07853792. The registered office is Queens Court, 9-17 Eastern Road, Romford, Essex, RM1 3NG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2020
3,336
2,538
5,874
At 30 November 2021
3,336
2,638
5,974
At 1 December 2020
3,336
860
4,196
Charge for the year
-
87
87
At 30 November 2021
3,336
947
4,283
At 30 November 2021
-
1,691
1,691
At 30 November 2020
-
1,678
1,678
Glotee Limited
Notes to the Accounts
for the year ended 30 November 2021
5
Creditors: amounts falling due within one year
2021
2020
Trade creditors
5,660
5,560
6
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
38,759
39,753
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
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Average number of employees
During the year the average number of employees was 0 (2020: 0).