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REGISTERED NUMBER: 02761789 (England and Wales)













Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Glencoe Radon Gas Centre Limited

Glencoe Radon Gas Centre Limited (Registered number: 02761789)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


Glencoe Radon Gas Centre Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Hancock
R M P Dyer
D S P Hancock
J P P Hancock
M L P Hancock





REGISTERED OFFICE: Unit 32 Old Worle Quarry
Lower Kewstoke Road
Worle
Weston-super-mare
Somerset
BS22 9LF





REGISTERED NUMBER: 02761789 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Glencoe Radon Gas Centre Limited (Registered number: 02761789)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

P Hancock
R M P Dyer
D S P Hancock
J P P Hancock
M L P Hancock

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M L P Hancock - Director


30 August 2024

Glencoe Radon Gas Centre Limited (Registered number: 02761789)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,306 6,291
Tangible assets 5 15,722 19,264
21,028 25,555

CURRENT ASSETS
Stocks 63,500 13,795
Debtors 6 265,037 58,656
Cash at bank 25,527 71,342
354,064 143,793
CREDITORS
Amounts falling due within one year 7 153,758 96,387
NET CURRENT ASSETS 200,306 47,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,334

72,961

CREDITORS
Amounts falling due after more than one
year

8

(36,644

)

(42,114

)

PROVISIONS FOR LIABILITIES (3,842 ) (3,578 )
NET ASSETS 180,848 27,269

CAPITAL AND RESERVES
Called up share capital 9 99,805 99,805
Capital redemption reserve 200 200
Retained earnings 80,843 (72,736 )
SHAREHOLDERS' FUNDS 180,848 27,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Glencoe Radon Gas Centre Limited (Registered number: 02761789)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





P Hancock - Director


Glencoe Radon Gas Centre Limited (Registered number: 02761789)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Glencoe Radon Gas Centre Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

The useful life of twenty years was selected by the directors based on their best estimate of the useful life of the patents and licences.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Glencoe Radon Gas Centre Limited (Registered number: 02761789)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023
and 31 December 2023 19,700
AMORTISATION
At 1 January 2023 13,409
Amortisation for year 985
At 31 December 2023 14,394
NET BOOK VALUE
At 31 December 2023 5,306
At 31 December 2022 6,291

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 109,768
Additions 976
At 31 December 2023 110,744
DEPRECIATION
At 1 January 2023 90,504
Charge for year 4,518
At 31 December 2023 95,022
NET BOOK VALUE
At 31 December 2023 15,722
At 31 December 2022 19,264

Glencoe Radon Gas Centre Limited (Registered number: 02761789)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 18,213
Transfer to ownership (18,213 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 13,891
Charge for year 1,081
Transfer to ownership (14,972 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 4,322

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 255,784 44,852
Other debtors 5,361 8,000
Directors' loan accounts 1,069 1,069
Tax - 2,436
Prepayments and accrued income 2,823 2,299
265,037 58,656

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,539 5,402
Hire purchase contracts - 3,395
Trade creditors 8,309 -
Corporation Tax 39,104 -
Social security and other taxes 8,939 14,518
VAT 81,372 24,293
Other creditors 4,082 38,950
Directors' loan accounts 3,833 7,689
Accrued expenses 2,580 2,140
153,758 96,387

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,679 5,539
Bank loans - 2-5 years 17,914 17,472
Bank loans - more than 5 years
by instalments 13,051 19,103
36,644 42,114

Glencoe Radon Gas Centre Limited (Registered number: 02761789)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years
by instalments 13,051 19,103
13,051 19,103

9. CALLED UP SHARE CAPITAL

Allotted, called up and fully paid Share capital:

2023 2022
£ £
90,805 90,805

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
D S P Hancock
Balance outstanding at start of year 471 471
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 471 471

M L P Hancock
Balance outstanding at start of year 599 99
Amounts advanced - 500
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 599 599

Repayable on demand.