Company registration number: 04349947
Unaudited financial statements
for the year ended 31 January 2024
for
Glendean Construction Limited
Pages for filing with the Registrar
Company registration number: 04349947
Glendean Construction Limited
Balance sheet
as at 31 January 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 2,595 3,430
2,595 3,430
Current assets
Stocks 300 300
Debtors - 240
Cash at bank and in hand 6,480 26,039
6,780 26,579
Creditors: amounts falling due within
one year
(4,094) (16,386)
Net current assets 2,686 10,193
Total assets less current liabilities 5,281 13,623
Creditors: Amounts falling due after
more than one year
5 (8,000) (8,000)
NET (LIABILITIES)/ASSETS (2,719) 5,623
Capital and reserves
Called up share capital 2 2
Profit and loss account (2,721) 5,621
TOTAL EQUITY (2,719) 5,623
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 04349947
Glendean Construction Limited
Balance sheet - continued
as at 31 January 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr D Domican, Director
30 April 2024
2
Glendean Construction Limited
Notes to the financial statements
for the year ended 31 January 2024
1 Company information
The company is registered in England and Wales. Its registered number is 04349947. The company is limited by shares. Its registered office is 33 Wood Royd Road, Deepcar, Sheffield, South Yorkshire, S36 2TA.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and Equipment - 15% reducing balance
Motor Vehicles - 25% reducing balance
Computer Equipment - 15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3
Glendean Construction Limited
Notes to the financial statements - continued
for the year ended 31 January 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 February 2023 28,300
At 31 January 2024 28,300
Depreciation
At 1 February 2023 24,870
Charge for year 835
At 31 January 2024 25,705
Net book value
At 31 January 2024 2,595
At 31 January 2023 3,430
5 Creditors: amounts falling due after more than five years
2024 2023
£ £
Repayable otherwise than by instalments
Bank loans 8,000 8,000
8,000 8,000
4