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
Glasshouse (Nottingham) Limited
Company Information
for the year ended 30 June 2023
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
Glasshouse (Nottingham) Limited
Statement of financial position
as at 30 June 2023
Intangible assets
748,000
748,000
Tangible assets
624,205
634,551
Cash at bank and in hand
47,958
99,442
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
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
Glasshouse (Nottingham) Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
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
Amounts falling due within one year
Trade debtors
148,185
151,582
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
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).