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REGISTERED NUMBER: 10983728 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

GLOZIER ELECTRICAL LIMITED

GLOZIER ELECTRICAL LIMITED (REGISTERED NUMBER: 10983728)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GLOZIER ELECTRICAL LIMITED

Company Information
for the year ended 31 March 2023







Director: Mr D Glozier





Registered office: 37 Recreation Avenue
Harold Wood
Romford
Essex
RM3 0TD





Registered number: 10983728 (England and Wales)





Accountants: Haines Watts Essex LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

GLOZIER ELECTRICAL LIMITED (REGISTERED NUMBER: 10983728)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 1,708 -
Tangible assets 5 (1,708 ) 1,792
- 1,792

Current assets
Debtors 6 13,628 7,006
Cash at bank 14,456 11,967
28,084 18,973
Creditors
Amounts falling due within one year 7 15,515 14,285
Net current assets 12,569 4,688
Total assets less current liabilities 12,569 6,480

Creditors
Amounts falling due after more than one
year

8

-

(566

)

Provisions for liabilities 9 (272 ) (340 )
Net assets 12,297 5,574

Capital and reserves
Called up share capital 10 4 4
Retained earnings 12,293 5,570
Shareholders' funds 12,297 5,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GLOZIER ELECTRICAL LIMITED (REGISTERED NUMBER: 10983728)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 5 October 2023 and were signed by:





Mr D Glozier - Director


GLOZIER ELECTRICAL LIMITED (REGISTERED NUMBER: 10983728)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Glozier Electrical 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

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.
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

GLOZIER ELECTRICAL LIMITED (REGISTERED NUMBER: 10983728)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2022
Amortisation
Eliminated on disposal (1,708 )
At 31 March 2023 (1,708 )
Net book value
At 31 March 2023 1,708

5. Tangible fixed assets
Motor
vehicles
£   
Cost
At 1 April 2022 3,500
Disposals (3,500 )
At 31 March 2023 -
Depreciation
At 1 April 2022
and 31 March 2023 1,708
Net book value
At 31 March 2023 (1,708 )
At 31 March 2022 1,792

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 4,024 4,234
Other debtors 9,604 2,772
13,628 7,006

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts - 1,000
Trade creditors 181 -
Taxation and social security 6,805 3,756
Other creditors 8,529 9,529
15,515 14,285

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 566

GLOZIER ELECTRICAL LIMITED (REGISTERED NUMBER: 10983728)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


9. Provisions for liabilities
2023 2022
£    £   
Deferred tax 272 340

Deferred
tax
£   
Balance at 1 April 2022 340
Utilised during year (68 )
Balance at 31 March 2023 272

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary £1 4 4

11. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr D Glozier
Balance outstanding at start of year (7,779 ) (7,027 )
Amounts repaid 1,000 (752 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,779 ) (7,779 )