Company Registration No. 07938825 (England and Wales)
Glacups Ltd
Unaudited accounts
for the year ended 28 February 2023
Glacups Ltd
Unaudited accounts
Contents
Glacups Ltd
Company Information
for the year ended 28 February 2023
Directors
Adrian Moss
Gareth Marshall
Peter Marriot
Company Number
07938825 (England and Wales)
Registered Office
1 White Cliffs Business Centre
Honeywood Road
Dover
Kent
CT16 3EH
United Kingdom
Accountants
Westcourt Accountancy Services Ltd
1 White Cliffs Business Centre
Honeywood Road
Dover
Kent
CT16 3EH
Glacups Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
270,026
269,654
Cash at bank and in hand
8,268
3,046
Creditors: amounts falling due within one year
(8,690)
(1,093)
Net current (liabilities)/assets
(419)
2,139
Total assets less current liabilities
269,607
271,793
Creditors: amounts falling due after more than one year
(421,124)
(433,990)
Net liabilities
(151,517)
(162,197)
Called up share capital
3
3
Profit and loss account
(151,520)
(162,200)
Shareholders' funds
(151,517)
(162,197)
For the year ending 28 February 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 21 November 2023 and were signed on its behalf by
Adrian Moss
Director
Company Registration No. 07938825
Glacups Ltd
Notes to the Accounts
for the year ended 28 February 2023
Glacups Ltd is a private company, limited by shares, registered in England and Wales, registration number 07938825. The registered office is 1 White Cliffs Business Centre, Honeywood Road, Dover, Kent, CT16 3EH, United Kingdom.
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.
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 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:
Plant & machinery
25% straight line
Computer equipment
25% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Glacups Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
268,761
22,652
730
292,143
At 28 February 2023
268,761
23,670
730
293,161
At 1 March 2022
-
21,759
730
22,489
Charge for the year
-
646
-
646
At 28 February 2023
-
22,405
730
23,135
At 28 February 2023
268,761
1,265
-
270,026
At 28 February 2022
268,761
893
-
269,654
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,432
259
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
421,124
433,990
8
Transactions with related parties
The company paid for services from Pied Piper Educational Resources Ltd., of which Mr Gareth Marshall is a director, totalling £1267
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).