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REGISTERED NUMBER: 07538127 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GLOW CREATIVE LIMITED

GLOW CREATIVE LIMITED (REGISTERED NUMBER: 07538127)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOW CREATIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: C Elliott





REGISTERED OFFICE: Abbey Road Business Park
Pity Me
Durham
DH1 5JZ





REGISTERED NUMBER: 07538127 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

GLOW CREATIVE LIMITED (REGISTERED NUMBER: 07538127)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,177 5,139
6,177 5,139

CURRENT ASSETS
Debtors 6 103,902 105,882
Cash at bank 104,257 101,747
208,159 207,629
CREDITORS
Amounts falling due within one year 7 39,135 36,110
NET CURRENT ASSETS 169,024 171,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,201

176,658

PROVISIONS FOR LIABILITIES 1,544 1,285
NET ASSETS 173,657 175,373

CAPITAL AND RESERVES
Called up share capital 8 50 50
Capital redemption reserve 50 50
Retained earnings 173,557 175,273
SHAREHOLDERS' FUNDS 173,657 175,373

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

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

The director acknowledges her 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.

GLOW CREATIVE LIMITED (REGISTERED NUMBER: 07538127)

BALANCE SHEET - continued
31 DECEMBER 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 26 February 2024 and were signed by:





C Elliott - Director


GLOW CREATIVE LIMITED (REGISTERED NUMBER: 07538127)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Glow Creative 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 derives from income generated from the principal activity which is that of public relations and marketing services. The income from this turnover, which is represented net of VAT, is recognised as contracts progress and when the company becomes entitled to receive it.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on reducing balance
Computer equipment - 33% on cost

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

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Investments
Fixed Asset Investments, comprising investments in subsidiaries, associates and jointly controlled entities are measured at cost less impairment.

GLOW CREATIVE LIMITED (REGISTERED NUMBER: 07538127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 9,500
AMORTISATION
At 1 January 2023
and 31 December 2023 9,500
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 19,278
Additions 3,655
At 31 December 2023 22,933
DEPRECIATION
At 1 January 2023 14,139
Charge for year 2,617
At 31 December 2023 16,756
NET BOOK VALUE
At 31 December 2023 6,177
At 31 December 2022 5,139

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 92,295 94,012
Other debtors 11,607 11,870
103,902 105,882

GLOW CREATIVE LIMITED (REGISTERED NUMBER: 07538127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,267 983
Taxation and social security 32,752 32,974
Other creditors 2,116 2,153
39,135 36,110

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1.00 50 50

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
C Elliott
Balance outstanding at start of year 9,143 5,353
Amounts advanced - 37,586
Amounts repaid (312 ) (33,796 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,831 9,143