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REGISTERED NUMBER: 09446912 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

GLADSTONE STREET LTD

GLADSTONE STREET LTD (REGISTERED NUMBER: 09446912)






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


GLADSTONE STREET LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S J Wright
J MacNamara





SECRETARY:





REGISTERED OFFICE: Suite 6.16 Fuel Studios
Kiln House
Pottergate
Norwich
Norfolk
NR2 1DX





REGISTERED NUMBER: 09446912 (England and Wales)





ACCOUNTANTS: Quinneys
Chartered Certified Accountants
Saxon House
Hellesdon Park Road
Norwich
Norfolk
NR6 5DR

GLADSTONE STREET LTD (REGISTERED NUMBER: 09446912)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,111 5,158

CURRENT ASSETS
Debtors 5 90,159 97,285
Cash at bank 18,654 50,686
108,813 147,971
CREDITORS
Amounts falling due within one year 6 57,044 57,939
NET CURRENT ASSETS 51,769 90,032
TOTAL ASSETS LESS CURRENT LIABILITIES 58,880 95,190

CREDITORS
Amounts falling due after more than one
year

7

58,042

61,601
NET ASSETS 838 33,589

CAPITAL AND RESERVES
Called up share capital 63 50
Share premium 39,988 -
Retained earnings (39,213 ) 33,539
SHAREHOLDERS' FUNDS 838 33,589

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.

GLADSTONE STREET LTD (REGISTERED NUMBER: 09446912)

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 8 October 2024 and were signed on its behalf by:





S J Wright - Director


GLADSTONE STREET LTD (REGISTERED NUMBER: 09446912)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Gladstone Street Ltd 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.

Fixtures and Fittings - 20% straight line
Computer Equipment - 20% straight line

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 15 (2023 - 14 ) .

GLADSTONE STREET LTD (REGISTERED NUMBER: 09446912)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 13,067
Additions 4,744
At 31 March 2024 17,811
DEPRECIATION
At 1 April 2023 7,909
Charge for year 2,791
At 31 March 2024 10,700
NET BOOK VALUE
At 31 March 2024 7,111
At 31 March 2023 5,158

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,322 53,647
Other debtors 61,837 43,638
90,159 97,285

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,673 22,896
Trade creditors 8,773 7,621
Taxation and social security 29,948 15,066
Other creditors 1,650 12,356
57,044 57,939

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 58,042 61,601

8. RELATED PARTY DISCLOSURES

As at the year end there was a loan from the company to the director S Wright of £20,569, this was repaid within 5 months of the year end. (£2023: £274 owing to the director)

As at the year end there was an amount of £6,335 owing from a connected company in respect of loans made to them.

GLADSTONE STREET LTD (REGISTERED NUMBER: 09446912)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the director S Wright who controls 70% of the issued share capital.