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REGISTERED NUMBER: 05552181 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Glenelg Product Design Limited

Glenelg Product Design Limited (Registered number: 05552181)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Glenelg Product Design Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr P A Farrar
Mr J Hein





SECRETARY: Mr P A Farrar





REGISTERED OFFICE: Church View
Burley Lane
Menston
West Yorkshire
LS29 6EX





REGISTERED NUMBER: 05552181 (England and Wales)





ACCOUNTANTS: Milnes & Co
Zeal Court
Moorfield Road
Yeadon
Leeds
West Yorkshire
LS19 7BN

Glenelg Product Design Limited (Registered number: 05552181)

Statement of Financial Position
31 August 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,870 9,511

CURRENT ASSETS
Debtors 5 237,720 289,753
Cash at bank and in hand 399,001 359,513
636,721 649,266
CREDITORS
Amounts falling due within one year 6 105,417 120,753
NET CURRENT ASSETS 531,304 528,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,174

538,024

CAPITAL AND RESERVES
Called up share capital 7 1,100 1,100
Retained earnings 552,074 536,924
SHAREHOLDERS' FUNDS 553,174 538,024

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 5 March 2024 and were signed on its behalf by:





Mr P A Farrar - Director


Glenelg Product Design Limited (Registered number: 05552181)

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

1. STATUTORY INFORMATION

Glenelg Product Design Limited 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 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 995 1,260 50,890 53,145
Additions - 2,995 11,924 14,919
At 31 August 2023 995 4,255 62,814 68,064
DEPRECIATION
At 1 September 2022 763 950 41,921 43,634
Charge for year 36 288 2,236 2,560
At 31 August 2023 799 1,238 44,157 46,194
NET BOOK VALUE
At 31 August 2023 196 3,017 18,657 21,870
At 31 August 2022 232 310 8,969 9,511

Glenelg Product Design Limited (Registered number: 05552181)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 168,789 229,743
Other debtors 66,244 57,610
Directors' current accounts 285 310
Prepayments 2,402 2,090
237,720 289,753

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade creditors 16,490 9,999
HSBC Credit Card 3,471 1,197
Corporation Tax 32,782 38,336
Social security and other taxes 36 238
VAT 39,036 51,491
Directors' current accounts 174 2,337
Accrued expenses 13,428 17,155
105,417 120,753

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/23 31/8/22
value: £    £   
100 Ordinary £1 100 100
1,000 Preference £1 1,000 1,000
1,100 1,100