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REGISTERED NUMBER: 04777275 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

GLP Films Limited

GLP Films Limited (Registered number: 04777275)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLP Films Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D Vaia





REGISTERED OFFICE: Suite 2, Rauter House
Sybron Way
Jarvis Brook
Crowborough
East Sussex
TN6 3DZ





REGISTERED NUMBER: 04777275 (England and Wales)





ACCOUNTANTS: Aidos Accounting Limited
Suite 2, Rauter House
Sybron Way
Jarvis Brook
Crowborough
East Sussex
TN6 3DZ

GLP Films Limited (Registered number: 04777275)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,679 2,295

CURRENT ASSETS
Debtors 5 21,357 23,414
Cash at bank 51,440 76,457
72,797 99,871
CREDITORS
Amounts falling due within one year 6 14,797 26,576
NET CURRENT ASSETS 58,000 73,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,679

75,590

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,579 75,490
SHAREHOLDERS' FUNDS 61,679 75,590

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.

GLP Films Limited (Registered number: 04777275)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:




D Vaia - Director



Mrs T Vaia - Director


GLP Films Limited (Registered number: 04777275)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

GLP Films 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

GLP Films Limited (Registered number: 04777275)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 13,481
Additions 4,905
At 31 March 2023 18,386
DEPRECIATION
At 1 April 2022 11,186
Charge for year 3,521
At 31 March 2023 14,707
NET BOOK VALUE
At 31 March 2023 3,679
At 31 March 2022 2,295

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 21,357 23,414

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 13,297 24,926
Other creditors 1,500 1,650
14,797 26,576