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REGISTERED NUMBER: 08885050 (England and Wales)















Glyntree Ltd

Unaudited Financial Statements for the Year Ended 31 March 2023






Glyntree Ltd (Registered number: 08885050)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Glyntree Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C Claassen
Mrs E Claassen





REGISTERED OFFICE: 2 Harvey Gardens
Loughton
Essex
IG10 2AD





REGISTERED NUMBER: 08885050 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Glyntree Ltd (Registered number: 08885050)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 112,372 142,815

CURRENT ASSETS
Debtors 5 161,835 172,057
Cash at bank 62,382 -
224,217 172,057
CREDITORS
Amounts falling due within one year 6 118,092 89,523
NET CURRENT ASSETS 106,125 82,534
TOTAL ASSETS LESS CURRENT LIABILITIES 218,497 225,349

CREDITORS
Amounts falling due after more than one
year

7

(86,796

)

(123,484

)

PROVISIONS FOR LIABILITIES (28,093 ) (27,135 )
NET ASSETS 103,608 74,730

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 103,604 74,726
SHAREHOLDERS' FUNDS 103,608 74,730

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Glyntree Ltd (Registered number: 08885050)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2024 and were signed on its behalf by:





Mrs E Claassen - Director


Glyntree Ltd (Registered number: 08885050)

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

1. STATUTORY INFORMATION

Glyntree 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.

Income recognition
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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted by the year end.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Glyntree Ltd (Registered number: 08885050)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 12 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 182,328
Additions 6,448
Disposals (4,657 )
At 31 March 2023 184,119
DEPRECIATION
At 1 April 2022 39,513
Charge for year 36,891
Eliminated on disposal (4,657 )
At 31 March 2023 71,747
NET BOOK VALUE
At 31 March 2023 112,372
At 31 March 2022 142,815

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 154,559
DEPRECIATION
At 1 April 2022 22,280
Charge for year 33,070
At 31 March 2023 55,350
NET BOOK VALUE
At 31 March 2023 99,209
At 31 March 2022 132,279

Glyntree Ltd (Registered number: 08885050)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 111,900 164,805
Other debtors 49,935 7,252
161,835 172,057

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 14,689
Hire purchase contracts 26,691 24,878
Trade creditors 9,864 6,018
Taxation and social security 65,779 30,688
Other creditors 5,758 13,250
118,092 89,523

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 23,334 33,332
Hire purchase contracts 63,462 90,152
86,796 123,484

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 90,153 115,030

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £0.01 1 1
100 Ordinary B £0.01 1 1
100 Ordinary C £0.01 1 1
100 Ordinary D £0.01 1 1
4 4

Glyntree Ltd (Registered number: 08885050)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
C Claassen and Mrs E Claassen
Balance outstanding at start of year - -
Amounts advanced 49,935 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,935 -