Relate AccountsProduction v2.7.2 v2.7.2 2022-04-01 The company was not dormant during the period The company was trading for the entire period The Principal Activity of this company is that of a Grocery Store. 18 October 2023 NI615072 2023-03-31 NI615072 2022-03-31 NI615072 2021-03-31 NI615072 2022-04-01 2023-03-31 NI615072 2021-04-01 2022-03-31 NI615072 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 NI615072 uk-curr:PoundSterling 2022-04-01 2023-03-31 NI615072 uk-bus:FullAccounts 2022-04-01 2023-03-31 NI615072 uk-bus:Director1 2022-04-01 2023-03-31 NI615072 uk-bus:Director2 2022-04-01 2023-03-31 NI615072 uk-bus:Agent1 2022-04-01 2023-03-31 NI615072 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 NI615072 uk-core:ShareCapital 2023-03-31 NI615072 uk-core:ShareCapital 2022-03-31 NI615072 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI615072 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 NI615072 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI615072 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 NI615072 uk-core:RestatedAmount uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 NI615072 uk-core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 NI615072 uk-bus:FRS102 2022-04-01 2023-03-31 NI615072 uk-core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 NI615072 uk-core:MotorVehicles 2022-04-01 2023-03-31 NI615072 uk-core:WithinOneYear 2023-03-31 NI615072 uk-core:WithinOneYear 2022-03-31 NI615072 uk-core:WithinOneYear 2023-03-31 NI615072 uk-core:WithinOneYear 2022-03-31 NI615072 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI615072
 
 
Glenview Marketing Limited
 
Directors' Report and Unaudited Financial Statements
 
for the financial year ended 31 March 2023
Glenview Marketing Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Martin McBrearty
Brenda McBrearty
 
 
Company Registration Number NI615072
 
 
Business Address 48 Melmount Rd
Tyrone
BT829EF
United Kingdom
 
 
Accountants Kelly and Co
16 Patrick Street
Strabane
Tyrone
BT828DG
United Kingdom
 
 
Bankers Bank of Ireland
  Abercorn Square
  Strabane
  Co Tyrone
  BT82 8AH
 
   
Solicitors John Fahy & Co
  Bowling Green
  Strabane
  Co Tyrone



Glenview Marketing Limited
DIRECTORS' REPORT
for the financial year ended 31 March 2023

 
The directors present their report and the unaudited financial statements for the financial year ended 31 March 2023.
 
Principal Activity
The Principal Activity of this company is that of a Grocery Store.
     
Principal Risks and Uncertainties
The principal risks and uncertainties facing the business would relate to the current economic climate.  Other risks and uncertainties include the constant pressure from competitors within the industry, supplier prices and customer credit risk.
     
Results and Dividends
The profit for the financial year after providing for depreciation and taxation amounted to £190,094 (2022 - £184,792).
     
Directors
The directors who served during the financial year are as follows:
     
Martin McBrearty
Brenda McBrearty
   
There were no changes in shareholdings between 31 March 2023 and the date of signing the financial statements.
     
In accordance with the Articles of Association, the directors retire by rotation and, being eligible, offer themselves for re-election.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Directors' Responsibilities
     
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
___________________________
Martin McBrearty
Director
     
___________________________
Brenda McBrearty
Director
     
18 October 2023



Glenview Marketing Limited

ACCOUNTANTS' REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of Glenview Marketing Limited for the financial year ended 31 March 2023
 
In accordance with our engagement letter dated 18 October 2023 and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 March 2023 as set on pages 6 to 12 which comprise the Profit and Loss Account, the Balance Sheet, the Reconciliation of Shareholders' Funds and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the Board of Directors of Glenview Marketing Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by  and have complied with the ethical guidance laid down by  relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the balance sheet for the year ended 31 March 2023 your duty to ensure that Glenview Marketing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Glenview Marketing Limited. You consider that Glenview Marketing Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of Glenview Marketing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
__________________________________
KELLY AND CO
16 Patrick Street
Strabane
Tyrone
BT828DG
United Kingdom
 
18 October 2023



Glenview Marketing Limited
PROFIT AND LOSS ACCOUNT
for the financial year ended 31 March 2023
2023 2022
Notes £ £

Turnover 3,075,267 2,623,298
 
Cost of sales (2,417,248) (2,055,314)
───────── ─────────
Gross profit 658,019 567,984
 
Administrative expenses (422,295) (340,938)
───────── ─────────
Operating profit 235,724 227,046
 
Interest receivable and similar income 960 144
───────── ─────────
Profit before taxation 236,684 227,190
 
Tax on profit (46,590) (42,398)
───────── ─────────
Profit for the financial year 190,094 184,792
───────── ─────────
Total comprehensive income 190,094 184,792
    ═════════   ═════════



Glenview Marketing Limited
Company Registration Number: NI615072
BALANCE SHEET
as at 31 March 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 34,116 42,643
───────── ─────────
 
Current Assets
Stocks 5 24,560 23,760
Cash and cash equivalents 776,384 590,202
───────── ─────────
800,944 613,962
───────── ─────────
Creditors: amounts falling due within one year 6 (244,866) (196,505)
───────── ─────────
Net Current Assets 556,078 417,457
───────── ─────────
Total Assets less Current Liabilities 590,194 460,100
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 590,192 460,098
───────── ─────────
Equity attributable to owners of the company 590,194 460,100
═════════ ═════════
 
The financial statements have been prepared 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).
           
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 18 October 2023 and signed on its behalf by
           
________________________________          
Martin McBrearty          
Director          
           
________________________________
Brenda McBrearty
Director
           



Glenview Marketing Limited
RECONCILIATION OF SHAREHOLDERS' FUNDS
as at 31 March 2023

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 April 2021 2 333,306 333,308
───────── ───────── ─────────
Profit for the financial year - 184,792 184,792
───────── ───────── ─────────
Payment of dividends - (58,000) (58,000)
  ───────── ───────── ─────────
At 31 March 2022 2 460,098 460,100
  ───────── ───────── ─────────
Profit for the financial year - 190,094 190,094
  ───────── ───────── ─────────
Payment of dividends - (60,000) (60,000)
  ───────── ───────── ─────────
At 31 March 2023 2 590,192 590,194
  ═════════ ═════════ ═════════



Glenview Marketing Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2023

   
1. General Information
 
Glenview Marketing Limited is a company limited by shares incorporated in Northern Ireland.  is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Reduced Balance
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 0.00|24, (2022 - 24).
 
  2023 2022
  Number Number
 
Retail 22 22
Director 2 2
  ───────── ─────────
  24 24
  ═════════ ═════════
         
4. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 April 2022 68,319 10,500 78,819
  ───────── ───────── ─────────
 
At 31 March 2023 68,319 10,500 78,819
  ───────── ───────── ─────────
Depreciation
At 1 April 2022 34,076 2,100 36,176
Charge for the financial year 6,847 1,680 8,527
  ───────── ───────── ─────────
At 31 March 2023 40,923 3,780 44,703
  ───────── ───────── ─────────
Net book value
At 31 March 2023 27,396 6,720 34,116
  ═════════ ═════════ ═════════
At 31 March 2022 34,243 8,400 42,643
  ═════════ ═════════ ═════════
       
5. Stocks 2023 2022
  £ £
 
Finished goods and goods for resale 24,560 23,760
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank loan 678 348
Taxation  (Note 7) 91,216 57,358
Directors' current accounts 61,372 50,799
Accruals 91,600 88,000
  ───────── ─────────
  244,866 196,505
  ═════════ ═════════
       
7. Taxation 2023 2022
  £ £
 
Creditors:
VAT 38,398 10,459
Corporation tax 46,564 42,398
PAYE / NI 6,254 4,501
  ───────── ─────────
  91,216 57,358
  ═════════ ═════════
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2023.
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.



Glenview Marketing Limited
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
TRADING STATEMENT
for the financial year ended 31 March 2023
2023 2022
£ £

Sales 3,075,267 2,623,298
───────── ─────────
       
Cost of sales
Opening stock 23,760   43,792
Purchases 2,418,048 2,035,282
  ─────────   ─────────
  2,441,808   2,079,074
Closing stock (24,560)   (23,760)
  ─────────   ─────────
  2,417,248   2,055,314
  ─────────   ─────────
       
Gross profit 658,019   567,984
  ─────────   ─────────
Gross profit Percentage 21.4%   21.7%
  ─────────   ─────────
       
Administrative expenses - Schedule 1 422,295   340,938
  ─────────   ─────────
       
Miscellaneous income
Bank interest 960   144
  ─────────   ─────────
       
Net profit 236,684   227,190
  ═════════   ═════════



Glenview Marketing Limited
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
SCHEDULE 1: ADMINISTRATIVE EXPENSES ANALYSIS
for the financial year ended 31 March 2023
2023 2022
£ £ £ £

Directors' and Staff Costs
Wages and salaries 219,465 186,344
Directors' salaries 18,297 16,494
Directors' pension 40,000 40,000
Staff defined contribution pension costs 4,760 1,215
───────── ─────────
282,522 244,053
Office Expenses
Printing, postage and stationery (11) 223
Telephone 949 2,566
  ─────────   ─────────  
    938   2,789
Premises and Equipment Expenses
Rent payable 24,828 25,000
Rates 9,936 588
Insurance 6,531 3,136
Packaging 2,350 2,000
Light and heat 46,334 21,870
Cleaning 824 1,376
Repairs and maintenance 2,725 6,267
Hire of equipment 2,878 -
  ─────────   ─────────  
    96,406   60,237
General Expenses
Charitable donations 1,710 670
Subscriptions 4,101 302
  ─────────   ─────────  
    5,811   972
Sales and Promotional Expenses
Advertising 2,168 1,445
Motor expenses 4,972 4,393
  ─────────   ─────────  
    7,140   5,838
Professional and Financial Expenses
Accountancy 7,620 4,330
Bank charges 13,331 12,068
  ─────────   ─────────  
    20,951   16,398
Depreciation
Land and buildings freehold depreciation 8,527   10,651  
  ─────────   ─────────  
    8,527   10,651
    ─────────   ─────────
    422,295   340,938
    ═════════   ═════════