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Company Registration No. 07938825 (England and Wales)
Glacups Ltd Unaudited accounts for the year ended 28 February 2023
Glacups Ltd Unaudited accounts Contents
Page
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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
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Glacups Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
270,026 
269,654 
Current assets
Debtors
3 
186 
Cash at bank and in hand
8,268 
3,046 
8,271 
3,232 
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)
Capital and reserves
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
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Glacups Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
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.
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 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
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.
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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 
Additions
- 
1,018 
- 
1,018 
At 28 February 2023
268,761 
23,670 
730 
293,161 
Depreciation
At 1 March 2022
- 
21,759 
730 
22,489 
Charge for the year
- 
646 
- 
646 
At 28 February 2023
- 
22,405 
730 
23,135 
Net book value
At 28 February 2023
268,761 
1,265 
- 
270,026 
At 28 February 2022
268,761 
893 
- 
269,654 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3 
- 
Other debtors
- 
186 
3 
186 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
640 
Trade creditors
240 
194 
Taxes and social security
2,432 
259 
Other creditors
6,018 
- 
8,690 
1,093 
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).
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