1 April 2023 false No description of principal activity Taxfiler 2024.5 13236815business:PrivateLimitedCompanyLtd2023-04-012024-03-31 132368152023-03-31 132368152023-04-012024-03-31 13236815business:AuditExemptWithAccountantsReport2023-04-012024-03-31 13236815business:FilletedAccounts2023-04-012024-03-31 132368152024-03-31 13236815business:Director12023-04-012024-03-31 13236815business:Director22023-04-012024-03-31 13236815business:Director32023-04-012024-03-31 13236815business:Director42023-04-012024-03-31 13236815business:RegisteredOffice2023-04-012024-03-31 132368152023-03-31 13236815core:WithinOneYear2024-03-31 13236815core:WithinOneYear2023-03-31 13236815core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 13236815core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 13236815core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 13236815core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 13236815core:PreviouslyStatedAmount2024-03-31 13236815core:PreviouslyStatedAmount2023-03-31 13236815business:SmallEntities2023-04-012024-03-31 13236815countries:EnglandWales2023-04-012024-03-31 132368152022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13236815 (England and Wales)
GL Developments IOW Ltd Unaudited accounts for the year ended 31 March 2024
GL Developments IOW Ltd Unaudited accounts Contents
Page
- 2 -
GL Developments IOW Ltd Company Information for the year ended 31 March 2024
Directors
Justin Gentleman Karla Gentleman David Long Jenna Long
Company Number
13236815 (England and Wales)
Registered Office
Holbrook House 11 Forelands Field Road Bembridge Isle of Wight PO35 5TP United Kingdom
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
- 3 -
GL Developments IOW Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
56,737 
28,427 
Debtors
- 
1,675 
Cash at bank and in hand
1,464 
6,010 
58,201 
36,112 
Creditors: amounts falling due within one year
(61,744)
(37,761)
Net current liabilities
(3,543)
(1,649)
Net liabilities
(3,543)
(1,649)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,643)
(1,749)
Shareholders' funds
(3,543)
(1,649)
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by
Justin Gentleman Director Company Registration No. 13236815
- 4 -
GL Developments IOW Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
GL Developments IOW Ltd is a private company, limited by shares, registered in England and Wales, registration number 13236815. The registered office is Holbrook House, 11 Forelands Field Road, Bembridge, Isle of Wight, PO35 5TP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
557 
Trade debtors
- 
749 
Amounts due from group undertakings etc.
- 
369 
- 
1,675 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
160 
- 
Amounts owed to group undertakings and other participating interests
4,631 
- 
Loans from directors
56,185 
37,261 
Accruals
768 
500 
61,744 
37,761 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 5 -