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REGISTERED NUMBER: 12045558 (England and Wales)


Financial Statements for the Year Ended 31 May 2023

for

Glan Rhymni Ltd

Glan Rhymni Ltd (Registered number: 12045558)






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 4


Glan Rhymni Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr Rashid Aziz





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 12045558 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Glan Rhymni Ltd (Registered number: 12045558)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,374 33,832

CURRENT ASSETS
Stocks 125,569 93,389
Debtors 5 1,200 1,331
Cash at bank and in hand 27,240 29,495
154,009 124,215
CREDITORS
Amounts falling due within one year 6 137,704 110,863
NET CURRENT ASSETS 16,305 13,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,679

47,184

CREDITORS
Amounts falling due after more than one
year

7

38,894

44,427
NET ASSETS 2,785 2,757

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 2,783 2,755
SHAREHOLDERS' FUNDS 2,785 2,757

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 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.

Glan Rhymni Ltd (Registered number: 12045558)

Statement of Financial Position - continued
31 May 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 1 February 2024 and were signed by:





Mr Rashid Aziz - Director


Glan Rhymni Ltd (Registered number: 12045558)

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

1. STATUTORY INFORMATION

Glan Rhymni 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.

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 represents net sales of invoiced goods and services excluding Value Added Tax.

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 - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 55,600
DEPRECIATION
At 1 June 2022 21,768
Charge for year 8,458
At 31 May 2023 30,226
NET BOOK VALUE
At 31 May 2023 25,374
At 31 May 2022 33,832

Glan Rhymni Ltd (Registered number: 12045558)

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
£    £   
Other debtors 1,200 1,331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 34,123 -
Taxation and social security 1,788 -
Other creditors 101,793 110,863
137,704 110,863

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 38,894 44,427

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
2 Ordinary £1 2 2