GLO DESIGN LTD

Company Registration Number:
NI625670 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

GLO DESIGN LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

GLO DESIGN LTD

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 846 1,058
Total fixed assets: 846 1,058
Current assets
Stocks: 3,504 3,500
Cash at bank and in hand: 39,645 56,361
Total current assets: 43,149 59,861
Creditors: amounts falling due within one year:   (16,935) (16,768)
Net current assets (liabilities): 26,214 43,093
Total assets less current liabilities: 27,060 44,151
Creditors: amounts falling due after more than one year:   (8,873) (10,085)
Total net assets (liabilities): 18,187 34,066
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 18,177 34,056
Shareholders funds: 18,187 34,066

The notes form part of these financial statements

GLO DESIGN LTD

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 April 2024
and signed on behalf of the board by:

Name: Jamie Gibson
Status: Director

The notes form part of these financial statements

GLO DESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value of sales made during the year.

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. the charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful life as follows:Fixtures, fittings and equipment 20% reducing balanceThe carrying values of tangible fixed assets are reviewed annually in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Valuation and information policy

Work in progress is reflected in the accounts at the expected revenue due for work carried out during the period that has not yet been invoiced.

GLO DESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

GLO DESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 3,867
At 31 July 2023 3,867
Depreciation
At 01 August 2022 2,809
Charge for year 212
At 31 July 2023 3,021
Net book value
At 31 July 2023 846
At 31 July 2022 1,058