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REGISTERED NUMBER: 04450380 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Great Glens Facility Limited

Great Glens Facility Limited (Registered number: 04450380)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Great Glens Facility Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: F L Foulds
Mrs J T Foulds
D Foulds
Mrs M L Atkinson





REGISTERED OFFICE: Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW





REGISTERED NUMBER: 04450380 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

Great Glens Facility Limited (Registered number: 04450380)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 75,385 80,093
75,385 80,093

CURRENT ASSETS
Debtors 6 47,365 3,106
Cash at bank and in hand 29,651 120,528
77,016 123,634
CREDITORS
Amounts falling due within one year 7 151,171 147,188
NET CURRENT LIABILITIES (74,155 ) (23,554 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,230

56,539

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 130 55,439
SHAREHOLDERS' FUNDS 1,230 56,539

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

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

Great Glens Facility Limited (Registered number: 04450380)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





D Foulds - Director


Great Glens Facility Limited (Registered number: 04450380)

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

1. STATUTORY INFORMATION

Great Glens Facility 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 represents the total invoice value of fees during the period.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been amortised over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2022 - 20 ) .

Great Glens Facility Limited (Registered number: 04450380)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 200,000
AMORTISATION
At 1 August 2022
and 31 July 2023 200,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 83,719 20,821 15,009 1,483 121,032
Additions - 7,310 - 670 7,980
At 31 July 2023 83,719 28,131 15,009 2,153 129,012
DEPRECIATION
At 1 August 2022 16,744 11,499 11,250 1,446 40,939
Charge for year 8,372 3,327 940 49 12,688
At 31 July 2023 25,116 14,826 12,190 1,495 53,627
NET BOOK VALUE
At 31 July 2023 58,603 13,305 2,819 658 75,385
At 31 July 2022 66,975 9,322 3,759 37 80,093

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 46,007 2,152
Other debtors 1,358 954
47,365 3,106

Great Glens Facility Limited (Registered number: 04450380)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Corporation Tax 55,172 67,994
Other creditors 5,738 5,112
PAYE control a/c 7,197 -
Directors' current accounts 78,478 68,833
Accrued expenses 4,586 5,249
151,171 147,188

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 1,584 1,584
Between one and five years 2,112 3,696
3,696 5,280

9. RELATED PARTY DISCLOSURES

During the year the company paid rent of £1,500 (2022 £1,500) to the directors for the use of premises.