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REGISTERED NUMBER: 14092477 (England and Wales)







Unaudited Financial Statements for the Year Ended 8 June 2024

for

Glorybox Studio Ltd

Glorybox Studio Ltd (Registered number: 14092477)






Contents of the Financial Statements
for the Year Ended 8 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Glorybox Studio Ltd

Company Information
for the Year Ended 8 June 2024







DIRECTOR: Ms Lidia Sambito





REGISTERED OFFICE: 24 Whatman Road
Forest Hill
London
SE23 1EZ





REGISTERED NUMBER: 14092477 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Glorybox Studio Ltd (Registered number: 14092477)

Balance Sheet
8 June 2024

8.6.24 8.6.23
Notes £    £   
CURRENT ASSETS
Debtors 4 520 1,213

CREDITORS
Amounts falling due within one year 5 562 1,191
NET CURRENT (LIABILITIES)/ASSETS (42 ) 22
TOTAL ASSETS LESS CURRENT LIABILITIES (42 ) 22

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 7 (43 ) 21
SHAREHOLDERS' FUNDS (42 ) 22

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 8 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 8 June 2024 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.

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 31 July 2024 and were signed by:





Ms Lidia Sambito - Director


Glorybox Studio Ltd (Registered number: 14092477)

Notes to the Financial Statements
for the Year Ended 8 June 2024

1. STATUTORY INFORMATION

Glorybox Studio Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
8.6.24 8.6.23
£    £   
Directors' current accounts - 1,213
Tax 520 -
520 1,213

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
8.6.24 8.6.23
£    £   
Tax - 791
Directors' current accounts 58 -
Accrued expenses 504 400
562 1,191

Glorybox Studio Ltd (Registered number: 14092477)

Notes to the Financial Statements - continued
for the Year Ended 8 June 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 8.6.24 8.6.23
value: £    £   
1 Ordinary £1 1 1

7. RESERVES
Retained
earnings
£   

At 9 June 2023 21
Deficit for the year (64 )
At 8 June 2024 (43 )

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 8 June 2024 and the period ended 8 June 2023:

8.6.24 8.6.23
£    £   
Ms Lidia Sambito
Balance outstanding at start of year 1,213 -
Amounts advanced - 5,546
Amounts repaid (1,271 ) (4,333 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (58 ) 1,213

9. GOING CONCERN

At the year end the company had net liabilities. However, the director has confirmed that in their opinion the company will be able to meet its liabilities as they fall due for the foreseeable future (being a period not less than twelve months).

Consequently the company is considered to be a going concern.