Company Registration No. 07990131 (England and Wales)
HIGH GLORY ASSOCIATES LIMITED
Unaudited accounts
for the year ended 31 March 2024
HIGH GLORY ASSOCIATES LIMITED
Unaudited accounts
Contents
HIGH GLORY ASSOCIATES LIMITED
Company Information
for the year ended 31 March 2024
Directors
Modinat Kike Olanrewaju
Johnson Olusoji OLANREWAJU
Company Number
07990131 (England and Wales)
Registered Office
61 SHERBOURNE CLOSE
OFF CENTRAL ROAD
DARTFORD
KENT
DA1 5WQ
ENGLAND
Accountants
Johnson Olanrewaju
High Glory Associates
61 Sherbourne Close
Dartford
Dartford, Kent
DA1 5WQ
HIGH GLORY ASSOCIATES LIMITED
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
1,242
113
Creditors: amounts falling due within one year
(2,644)
(255)
Net current (liabilities)/assets
(1,402)
756
Total assets less current liabilities
13,099
757
Creditors: amounts falling due after more than one year
(7,226)
(1,800)
Net assets/(liabilities)
5,873
(1,043)
Called up share capital
500
500
Profit and loss account
5,373
(1,543)
Shareholders' funds
5,873
(1,043)
For the year ending 31 March 2024 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 17 August 2024 and were signed on its behalf by
Modinat Kike Olanrewaju
Director
Company Registration No. 07990131
HIGH GLORY ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
HIGH GLORY ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07990131. The registered office is 61 SHERBOURNE CLOSE, OFF CENTRAL ROAD, DARTFORD, KENT, DA1 5WQ, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% at straight line method
Motor vehicles
25% at straight line method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 31 March 2024
683
-
683
Charge for the year
-
(14,500)
(14,500)
At 31 March 2024
682
(14,500)
(13,818)
At 31 March 2024
1
14,500
14,501
HIGH GLORY ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,022
255
Taxes and social security
1,622
-
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
500 Ordinary shares of £1 each
500
500
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).