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Company Registration No. 03381218 (England and Wales)
Glasshouse (Nottingham) Limited Unaudited accounts for the year ended 30 June 2023
Glasshouse (Nottingham) Limited Unaudited accounts Contents
Page
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Glasshouse (Nottingham) Limited Company Information for the year ended 30 June 2023
Directors
S Singh H Singh
Company Number
03381218 (England and Wales)
Registered Office
SHERWOOD HOUSE 7 GREGORY BOULEVARD NOTTINGHAM NG7 6LB
Accountants
Bob Stevens Management Ltd 46 Eltham Road West Bridgford Nottingham, NG7 6LB
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Glasshouse (Nottingham) Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
748,000 
748,000 
Tangible assets
624,205 
634,551 
1,372,205 
1,382,551 
Current assets
Inventories
39,448 
37,289 
Debtors
157,289 
168,675 
Cash at bank and in hand
47,958 
99,442 
244,695 
305,406 
Creditors: amounts falling due within one year
(175,981)
(231,788)
Net current assets
68,714 
73,618 
Total assets less current liabilities
1,440,919 
1,456,169 
Creditors: amounts falling due after more than one year
(494,460)
(515,117)
Provisions for liabilities
Deferred tax
(3,495)
(3,495)
Net assets
942,964 
937,557 
Capital and reserves
Called up share capital
750,000 
750,000 
Profit and loss account
192,964 
187,557 
Shareholders' funds
942,964 
937,557 
For the year ending 30 June 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by
S Singh Director Company Registration No. 03381218
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Glasshouse (Nottingham) Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Glasshouse (Nottingham) Limited is a private company, limited by shares, registered in England and Wales, registration number 03381218. The registered office is SHERWOOD HOUSE, 7 GREGORY BOULEVARD, NOTTINGHAM, NG7 6LB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
748,000 
At 30 June 2023
748,000 
Amortisation
At 1 July 2022
- 
At 30 June 2023
- 
Net book value
At 30 June 2023
748,000 
At 30 June 2022
748,000 
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Glasshouse (Nottingham) Limited Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
584,231 
4,571 
160,269 
13,689 
762,760 
Additions
- 
- 
- 
2,980 
2,980 
At 30 June 2023
584,231 
4,571 
160,269 
16,669 
765,740 
Depreciation
At 1 July 2022
- 
3,961 
117,275 
6,973 
128,209 
Charge for the year
- 
153 
10,749 
2,424 
13,326 
At 30 June 2023
- 
4,114 
128,024 
9,397 
141,535 
Net book value
At 30 June 2023
584,231 
457 
32,245 
7,272 
624,205 
At 30 June 2022
584,231 
610 
42,994 
6,716 
634,551 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
9,104 
17,093 
Trade debtors
148,185 
151,582 
157,289 
168,675 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
162,127 
153,784 
Taxes and social security
26,524 
38,185 
Other creditors
3,277 
1,497 
Loans from directors
(16,922)
37,372 
Accruals
975 
950 
175,981 
231,788 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
494,460 
515,117 
9
Average number of employees
During the year the average number of employees was 13 (2022: 13).
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