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Company Registration No. NI684401 (Northern Ireland)
S Glendinning Agencies Ltd Companies House accounts for the year ended 31 December 2023
S Glendinning Agencies Ltd Companies House accounts Contents
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S Glendinning Agencies Ltd Company Information for the year ended 31 December 2023
Directors
Stephen Robert Glendinning Helen Glendinning
Secretary
Helen Glendinning
Company Number
NI684401 (Northern Ireland)
Registered Office
250 Ballygawley Road Dungannon Co Tyrone BT70 1TG N Ireland
Accountants
Allan Montgomery & Co 100 Main Street Fivemiletown Co Tyrone BT75 0PW
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S Glendinning Agencies Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
- 
2,000 
Debtors
5,473 
8,186 
Cash at bank and in hand
37,007 
34,613 
42,480 
44,799 
Creditors: amounts falling due within one year
(16,686)
(24,090)
Net current assets
25,794 
20,709 
Net assets
25,794 
20,709 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
25,594 
20,509 
Shareholders' funds
25,794 
20,709 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 April 2024 and were signed on its behalf by
Stephen Robert Glendinning Director Company Registration No. NI684401
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S Glendinning Agencies Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
S Glendinning Agencies Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI684401. The registered office is 250 Ballygawley Road, Dungannon, Co Tyrone, BT70 1TG, N Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,473 
8,186 
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S Glendinning Agencies Ltd Notes to the Accounts for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,610 
2,735 
Trade creditors
211 
6,269 
Taxes and social security
7,921 
11,305 
Loans from directors
4,344 
2,060 
Accruals
600 
1,721 
16,686 
24,090 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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