Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 NI070678 Mr Robin Jordan Mr Hercules Jordan Mr Robin Jordan true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI070678 2023-06-30 NI070678 2024-06-30 NI070678 2023-07-01 2024-06-30 NI070678 frs-core:CurrentFinancialInstruments 2024-06-30 NI070678 frs-core:SharePremium 2024-06-30 NI070678 frs-core:ShareCapital 2024-06-30 NI070678 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI070678 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI070678 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 NI070678 frs-bus:SmallEntities 2023-07-01 2024-06-30 NI070678 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 NI070678 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI070678 1 2023-07-01 2024-06-30 NI070678 frs-bus:Director1 2023-07-01 2024-06-30 NI070678 frs-bus:Director2 2023-07-01 2024-06-30 NI070678 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 NI070678 frs-countries:NorthernIreland 2023-07-01 2024-06-30 NI070678 2022-06-30 NI070678 2023-06-30 NI070678 2022-07-01 2023-06-30 NI070678 frs-core:CurrentFinancialInstruments 2023-06-30 NI070678 frs-core:SharePremium 2023-06-30 NI070678 frs-core:ShareCapital 2023-06-30 NI070678 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: NI070678
Gladston Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
McCleary & Company Ltd.
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: NI070678
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 258,700 258,700
Investments 5 15,000 15,000
Cash at bank and in hand 248 416
273,948 274,116
Creditors: Amounts Falling Due Within One Year 6 (260,899 ) (260,899 )
NET CURRENT ASSETS (LIABILITIES) 13,049 13,217
TOTAL ASSETS LESS CURRENT LIABILITIES 13,049 13,217
NET ASSETS 13,049 13,217
CAPITAL AND RESERVES
Called up share capital 7 101 101
Share premium account 15,000 15,000
Profit and Loss Account (2,052 ) (1,884 )
SHAREHOLDERS' FUNDS 13,049 13,217
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Hercules Jordan
Director
26 September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Gladston Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI070678 . The registered office is Garvey Studios, 14 Longstone Street, Lisburn, Co Antrim, BT28 1TP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Taxation for the year represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.3. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 258,700 258,700
5. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 15,000 15,000
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to participating interests 1,000 1,000
Other creditors 259,899 259,899
260,899 260,899
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Hercules Jordan.
Page 3