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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
Page
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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
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HIGH GLORY ASSOCIATES LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,501 
1 
Current assets
Debtors
- 
898 
Cash at bank and in hand
1,242 
113 
1,242 
1,011 
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)
Capital and reserves
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
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HIGH GLORY ASSOCIATES LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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 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 1 April 2023
683 
- 
683 
At 31 March 2024
683 
- 
683 
Depreciation
At 1 April 2023
682 
- 
682 
Charge for the year
- 
(14,500)
(14,500)
At 31 March 2024
682 
(14,500)
(13,818)
Net book value
At 31 March 2024
1 
14,500 
14,501 
At 31 March 2023
1 
- 
1 
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HIGH GLORY ASSOCIATES LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
898 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,022 
255 
Taxes and social security
1,622 
- 
2,644 
255 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,250 
1,800 
Other creditors
5,976 
- 
7,226 
1,800 
8
Share capital
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).
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