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Company Registration No. 08256798 (England and Wales)
Gloventure Limited Unaudited accounts for the year ended 31 October 2023
Gloventure Limited Unaudited accounts Contents
Page
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Gloventure Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,200 
- 
Current assets
Debtors
97,914 
46,592 
Cash at bank and in hand
45,428 
25,281 
143,342 
71,873 
Creditors: amounts falling due within one year
(76,873)
(29,589)
Net current assets
66,469 
42,284 
Total assets less current liabilities
72,669 
42,284 
Creditors: amounts falling due after more than one year
(16,796)
(27,154)
Net assets
55,873 
15,130 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
55,871 
15,128 
Shareholders' funds
55,873 
15,130 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 31 July 2024 and were signed on its behalf by
M Haque Director Company Registration No. 08256798
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Gloventure Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Gloventure Limited is a private company, limited by shares, registered in England and Wales, registration number 08256798. The registered office is Trident Court, Oakcroft Road, Chessington, Surrey, KT9 1BD.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and amortised over 5 years.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
30,000 
Additions
7,750 
At 31 October 2023
37,750 
Amortisation
At 1 November 2022
30,000 
Charge for the year
1,550 
At 31 October 2023
31,550 
Net book value
At 31 October 2023
6,200 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
230 
580 
Trade debtors
64,257 
14,725 
Other debtors
33,427 
31,287 
97,914 
46,592 
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Gloventure Limited Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
VAT
79 
3,428 
Trade creditors
951 
440 
Taxes and social security
22,888 
5,443 
Other creditors
349 
165 
Loans from directors
41,958 
9,465 
76,873 
29,589 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,796 
27,154 
8
Average number of employees
During the year the average number of employees was 5 (2022: 3).
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