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REGISTERED NUMBER: 02196798 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GLANVILLE PROJECTS LIMITED

GLANVILLE PROJECTS LIMITED (REGISTERED NUMBER: 02196798)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLANVILLE PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr R J Seymour
Mr W Brown
Mr M P Horrocks





REGISTERED OFFICE: 104 Ock Street
Abingdon
Oxfordshire
OX14 5DH





REGISTERED NUMBER: 02196798 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

GLANVILLE PROJECTS LIMITED (REGISTERED NUMBER: 02196798)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,984 4,155

CURRENT ASSETS
Debtors 6 1,202,383 1,218,580
Cash at bank and in hand 409,058 316,285
1,611,441 1,534,865
CREDITORS
Amounts falling due within one year 7 343,883 255,924
NET CURRENT ASSETS 1,267,558 1,278,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,271,542

1,283,096

PROVISIONS FOR LIABILITIES 8 996 789
NET ASSETS 1,270,546 1,282,307

CAPITAL AND RESERVES
Called up share capital 9 96 96
Share premium 19,976 19,976
Capital redemption reserve 228 228
Retained earnings 1,250,246 1,262,007
SHAREHOLDERS' FUNDS 1,270,546 1,282,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

GLANVILLE PROJECTS LIMITED (REGISTERED NUMBER: 02196798)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




Mr M P Horrocks - Director Mr R J Seymour - Director




Mr W Brown - Director


GLANVILLE PROJECTS LIMITED (REGISTERED NUMBER: 02196798)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Glanville Projects 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 financial statements are presented in pound sterling (£), which is the functional currency of the company and rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity. Specific criteria must also have been met for each of the companies activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
IT & tech equipment - 33% on cost
Fixtures and fittings - 15% on reducing balance
Site assets - 25% on cost

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 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.


GLANVILLE PROJECTS LIMITED (REGISTERED NUMBER: 02196798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
IT & tech and Site
equipment fittings assets Totals
£    £    £    £   
COST
At 1 April 2023 57,699 8,317 9,312 75,328
Additions 2,144 - - 2,144
At 31 March 2024 59,843 8,317 9,312 77,472
DEPRECIATION
At 1 April 2023 54,812 7,049 9,312 71,173
Charge for year 2,125 190 - 2,315
At 31 March 2024 56,937 7,239 9,312 73,488
NET BOOK VALUE
At 31 March 2024 2,906 1,078 - 3,984
At 31 March 2023 2,887 1,268 - 4,155

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 252,828 350,718
Amounts owed by group undertakings 917,443 838,535
Prepayments 32,112 29,327
1,202,383 1,218,580

GLANVILLE PROJECTS LIMITED (REGISTERED NUMBER: 02196798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 37,115 16,870
Tax 200,417 118,570
Social security and other taxes 12,842 12,527
VAT 44,069 65,485
Other creditors 6,660 4,890
Directors' current accounts 32,679 27,871
Accrued expenses 10,101 9,711
343,883 255,924

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 996 789

Deferred
tax
£   
Balance at 1 April 2023 789
Provided during year 207
Balance at 31 March 2024 996

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
96 Ordinary shares £1 96 96

10. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Glanville Projects Holdings Limited, incorporated in the United Kingdom, which is controlled by no individual shareholder or director.