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REGISTERED NUMBER: NI632153 (Northern Ireland)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

GLENELF LIMITED

GLENELF LIMITED (REGISTERED NUMBER: NI632153)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLENELF LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: Miss P A Rock





REGISTERED OFFICE: 25 Mulcreevy Park
Keady
Co. Armagh
BT60 3BJ





REGISTERED NUMBER: NI632153 (Northern Ireland)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

GLENELF LIMITED (REGISTERED NUMBER: NI632153)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,860 15,720

CURRENT ASSETS
Debtors 5 3,864 11,767
Cash at bank 118,636 132,280
122,500 144,047
CREDITORS
Amounts falling due within one year 6 7,700 16,530
NET CURRENT ASSETS 114,800 127,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,660

143,237

PROVISIONS FOR LIABILITIES 1,493 2,987
NET ASSETS 121,167 140,250

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 121,166 140,249
SHAREHOLDERS' FUNDS 121,167 140,250

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 director acknowledges her 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.

GLENELF LIMITED (REGISTERED NUMBER: NI632153)

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





Miss P A Rock - Director


GLENELF LIMITED (REGISTERED NUMBER: NI632153)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Glenelf Limited is a private company, limited by shares , registered in Northern Ireland. 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.
Motor vehicles - 25% on cost
Equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
During the year the company made payments to the director's pension scheme, the assets of the scheme are held separately from those of the company in an independently administered fund.

3. EMPLOYEES AND DIRECTORS

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

GLENELF LIMITED (REGISTERED NUMBER: NI632153)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 31,440 3,138 34,578
DEPRECIATION
At 1 July 2023 15,720 3,138 18,858
Charge for year 7,860 - 7,860
At 30 June 2024 23,580 3,138 26,718
NET BOOK VALUE
At 30 June 2024 7,860 - 7,860
At 30 June 2023 15,720 - 15,720

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 11,296
Other debtors 3,864 471
3,864 11,767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 14,742
Other creditors 7,700 1,788
7,700 16,530

7. RELATED PARTY DISCLOSURES

At 30 June 2024 other creditors include loans made to the company by the director amounting to £6,557 (2023 £nil). The loans are interest free with no fixed date for repayment.

8. CONTROLLING PARTY

The controlling party is Miss P A Rock.