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REGISTERED NUMBER: 06899665 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

GLOWZONE SUSSEX LTD

GLOWZONE SUSSEX LTD (REGISTERED NUMBER: 06899665)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GLOWZONE SUSSEX LTD

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: M Gurney
J P Moran





REGISTERED OFFICE: 2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD





REGISTERED NUMBER: 06899665 (England and Wales)





ACCOUNTANTS: Pesters
2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD

GLOWZONE SUSSEX LTD (REGISTERED NUMBER: 06899665)

STATEMENT OF FINANCIAL POSITION
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,137 38,924

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 97,460 11,208
Cash at bank and in hand 118,899 196,389
220,359 211,597
CREDITORS
Amounts falling due within one year 6 146,317 139,596
NET CURRENT ASSETS 74,042 72,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,179

110,925

CREDITORS
Amounts falling due after more than one
year

7

(17,903

)

(27,500

)

PROVISIONS FOR LIABILITIES (4,875 ) (6,543 )
NET ASSETS 81,401 76,882

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 81,301 76,782
SHAREHOLDERS' FUNDS 81,401 76,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:



M Gurney - Director


GLOWZONE SUSSEX LTD (REGISTERED NUMBER: 06899665)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Glowzone Sussex Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 65,672
Additions 1,041
At 31 May 2023 66,713
DEPRECIATION
At 1 June 2022 26,748
Charge for year 9,828
At 31 May 2023 36,576
NET BOOK VALUE
At 31 May 2023 30,137
At 31 May 2022 38,924

GLOWZONE SUSSEX LTD (REGISTERED NUMBER: 06899665)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 21,714 11,208
Other debtors 75,746 -
97,460 11,208

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 26,760 20,447
Taxation and social security 99,983 99,008
Other creditors 19,574 20,141
146,317 139,596

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Other creditors 17,903 27,500

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the directors owed the company the sum of £55,434 (2022 - £642). Interest has been charged at HMRC's approved rate.