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REGISTERED NUMBER: 12249846 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

G&S Glazzard Limited

G&S Glazzard Limited (Registered number: 12249846)






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




Page

Company Information 1

Income Statement 2

Balance Sheet 3

Notes to the Financial Statements 5


G&S Glazzard Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs S Glazzard
G Glazzard





REGISTERED OFFICE: 45 Winchcombe Street
Cheltenham
GL52 2NE





REGISTERED NUMBER: 12249846 (England and Wales)






G&S Glazzard Limited (Registered number: 12249846)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 143,035 121,559

Cost of sales 91,987 69,157
GROSS PROFIT 51,048 52,402

Administrative expenses 47,334 47,514
OPERATING PROFIT 4 3,714 4,888


Interest payable and similar expenses 258 331
PROFIT BEFORE TAXATION 3,456 4,557

Tax on profit 505 -
PROFIT FOR THE FINANCIAL YEAR 2,951 4,557

G&S Glazzard Limited (Registered number: 12249846)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,814 9,224

CURRENT ASSETS
Stocks 64,097 64,206
Debtors 6 8,157 10,845
Prepayments and accrued income (559 ) (533 )
Cash at bank and in hand 5,959 809
77,654 75,327
CREDITORS
Amounts falling due within one year 7 67,181 68,279
NET CURRENT ASSETS 10,473 7,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,287

16,272

CREDITORS
Amounts falling due after more than one
year

8

5,536

8,472
NET ASSETS 10,751 7,800

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 10,551 7,600
SHAREHOLDERS' FUNDS 10,751 7,800

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.

G&S Glazzard Limited (Registered number: 12249846)

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.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mrs S Glazzard - Director


G&S Glazzard Limited (Registered number: 12249846)

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

1. STATUTORY INFORMATION

G&S Glazzard 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.

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.

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 cost and 20% on cost

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

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

G&S Glazzard Limited (Registered number: 12249846)

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

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 3,410 3,372

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 16,926
DEPRECIATION
At 1 January 2023 7,702
Charge for year 3,410
At 31 December 2023 11,112
NET BOOK VALUE
At 31 December 2023 5,814
At 31 December 2022 9,224

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 359 -
Other debtors 7,798 10,845
8,157 10,845

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,195 37
Trade creditors 1,908 2,843
Taxation and social security 8,558 2,215
Other creditors 53,520 63,184
67,181 68,279

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 5,536 8,472