IRIS Accounts Production v24.1.9.2 13467656 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134676562023-06-30134676562024-06-30134676562023-07-012024-06-30134676562022-06-30134676562022-07-012023-06-30134676562023-06-3013467656ns15:EnglandWales2023-07-012024-06-3013467656ns14:PoundSterling2023-07-012024-06-3013467656ns10:Director12023-07-012024-06-3013467656ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3013467656ns10:SmallEntities2023-07-012024-06-3013467656ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3013467656ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3013467656ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3013467656ns10:AbridgedAccounts2023-07-012024-06-301346765612023-07-012024-06-3013467656ns10:Director22023-07-012024-06-3013467656ns10:RegisteredOffice2023-07-012024-06-3013467656ns5:CurrentFinancialInstruments2024-06-3013467656ns5:CurrentFinancialInstruments2023-06-3013467656ns5:ShareCapital2024-06-3013467656ns5:ShareCapital2023-06-3013467656ns5:RetainedEarningsAccumulatedLosses2024-06-3013467656ns5:RetainedEarningsAccumulatedLosses2023-06-3013467656ns5:NetGoodwill2023-07-012024-06-3013467656ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3013467656ns5:MotorVehicles2023-07-012024-06-3013467656ns5:ComputerEquipment2023-07-012024-06-30
REGISTERED NUMBER: 13467656 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

GLAMLOX LIMITED

GLAMLOX LIMITED (REGISTERED NUMBER: 13467656)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GLAMLOX LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: Ms M E Kasak
Mr C P Malhi





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 13467656 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

GLAMLOX LIMITED (REGISTERED NUMBER: 13467656)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 181,250 206,250
Tangible assets 5 12,703 260
193,953 206,510

CURRENT ASSETS
Stocks 57,949 73,084
Debtors - 2,375
Cash at bank 176,702 129,842
234,651 205,301
CREDITORS
Amounts falling due within one year 297,455 243,330
NET CURRENT LIABILITIES (62,804 ) (38,029 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,149

168,481

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 131,049 168,381
SHAREHOLDERS' FUNDS 131,149 168,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

GLAMLOX LIMITED (REGISTERED NUMBER: 13467656)

ABRIDGED BALANCE SHEET - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 September 2024 and were signed on its behalf by:





Ms M E Kasak - Director


GLAMLOX LIMITED (REGISTERED NUMBER: 13467656)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.


GLAMLOX LIMITED (REGISTERED NUMBER: 13467656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 250,000
AMORTISATION
At 1 July 2023 43,750
Amortisation for year 25,000
At 30 June 2024 68,750
NET BOOK VALUE

At 30 June 2024 181,250
At 30 June 2023 206,250

GLAMLOX LIMITED (REGISTERED NUMBER: 13467656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 615
Additions 17,013
At 30 June 2024 17,628
DEPRECIATION
At 1 July 2023 355
Charge for year 4,570
At 30 June 2024 4,925
NET BOOK VALUE
At 30 June 2024 12,703
At 30 June 2023 260

6. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors £248,185 (2023 - £156,257).