Company Registration No. NI684401 (Northern Ireland)
S Glendinning Agencies Ltd
Companies House accounts
for the year ended 31 December 2023
S Glendinning Agencies Ltd
Companies House accounts
Contents
S Glendinning Agencies Ltd
Company Information
for the year ended 31 December 2023
Directors
Stephen Robert Glendinning
Helen Glendinning
Secretary
Helen Glendinning
Company Number
NI684401 (Northern Ireland)
Registered Office
250 Ballygawley Road
Dungannon
Co Tyrone
BT70 1TG
N Ireland
Accountants
Allan Montgomery & Co
100 Main Street
Fivemiletown
Co Tyrone
BT75 0PW
S Glendinning Agencies Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
37,007
34,613
Creditors: amounts falling due within one year
(16,686)
(24,090)
Net current assets
25,794
20,709
Called up share capital
200
200
Profit and loss account
25,594
20,509
Shareholders' funds
25,794
20,709
For the year ending 31 December 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 19 April 2024 and were signed on its behalf by
Stephen Robert Glendinning
Director
Company Registration No. NI684401
S Glendinning Agencies Ltd
Notes to the Accounts
for the year ended 31 December 2023
S Glendinning Agencies Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI684401. The registered office is 250 Ballygawley Road, Dungannon, Co Tyrone, BT70 1TG, N Ireland.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Amounts falling due within one year
S Glendinning Agencies Ltd
Notes to the Accounts
for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
7,921
11,305
Loans from directors
4,344
2,060
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).