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REGISTERED NUMBER: 11678898 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

Glaslyn Limited

Glaslyn Limited (Registered number: 11678898)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glaslyn Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: Miss B Rowley
R B Tugwood





SECRETARY:





REGISTERED OFFICE: Glandwr
Beddgelert
Caernarfon
Gwynedd
LL55 4YB





REGISTERED NUMBER: 11678898 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Glaslyn Limited (Registered number: 11678898)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,994 94,070

CURRENT ASSETS
Stocks 11,336 10,353
Debtors 5 522 42,913
Cash at bank and in hand 123,978 21,453
135,836 74,719
CREDITORS
Amounts falling due within one year 6 179,799 131,000
NET CURRENT LIABILITIES (43,963 ) (56,281 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,031

37,789

PROVISIONS FOR LIABILITIES 15,769 17,892
NET ASSETS 23,262 19,897

CAPITAL AND RESERVES
Called up share capital 220 220
Retained earnings 23,042 19,677
23,262 19,897

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

Glaslyn Limited (Registered number: 11678898)

Balance Sheet - continued
31st 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 16th August 2024 and were signed on its behalf by:





Miss B Rowley - Director


Glaslyn Limited (Registered number: 11678898)

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

1. STATUTORY INFORMATION

Glaslyn 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 reducing balance and 20% 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.

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.

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 28 (2022 - 22 ) .

Glaslyn Limited (Registered number: 11678898)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 159,859
Additions 10,009
At 31st December 2023 169,868
DEPRECIATION
At 1st January 2023 65,789
Charge for year 21,085
At 31st December 2023 86,874
NET BOOK VALUE
At 31st December 2023 82,994
At 31st December 2022 94,070

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 142 627
Other debtors 380 42,286
522 42,913

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 5,484 2,879
Taxation and social security 21,443 6,881
Other creditors 152,872 121,240
179,799 131,000