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Company Registration No. 09531772 (England and Wales)
GLOWIN LIMITED Unaudited accounts for the year ended 30 April 2024
GLOWIN LIMITED Unaudited accounts Contents
Page
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GLOWIN LIMITED Company Information for the year ended 30 April 2024
Director
Glory ASOMUGHA
Company Number
09531772 (England and Wales)
Registered Office
18 BLACKTHORN ROAD WORCESTER WR4 9TD UNITED KINGDOM
Accountants
Johnson Olanrewaju High Glory Associates 61 Sherbourne Close Dartford Dartford, Kent DA1 5WQ
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GLOWIN LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,337 
6,674 
Investment property
15,000 
15,000 
18,337 
21,674 
Current assets
Debtors
- 
6,000 
Cash at bank and in hand
1,531 
2,348 
1,531 
8,348 
Creditors: amounts falling due within one year
(6,644)
(11,796)
Net current liabilities
(5,113)
(3,448)
Total assets less current liabilities
13,224 
18,226 
Creditors: amounts falling due after more than one year
- 
(4,063)
Net assets
13,224 
14,163 
Capital and reserves
Called up share capital
500 
500 
Profit and loss account
12,724 
13,663 
Shareholders' funds
13,224 
14,163 
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 16 October 2024 and were signed on its behalf by
Glory ASOMUGHA Director Company Registration No. 09531772
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GLOWIN LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
GLOWIN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09531772. The registered office is 18 BLACKTHORN ROAD, WORCESTER, WR4 9TD, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
5 years straight-line depreciation
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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GLOWIN LIMITED Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 May 2023
16,685 
At 30 April 2024
16,685 
Depreciation
At 1 May 2023
10,011 
Charge for the year
3,337 
At 30 April 2024
13,348 
Net book value
At 30 April 2024
3,337 
At 30 April 2023
6,674 
5
Investment property
2024 
£ 
Fair value at 1 May 2023
15,000 
At 30 April 2024
15,000 
The investment is with Rehoboth Property International Ltd, trading name ‘’Suites by Rehoboth’’ (company Number 11154369)
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
6,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,807 
3,750 
Taxes and social security
1,187 
5,037 
Other creditors
- 
59 
Loans from directors
- 
2,200 
Accruals
650 
750 
6,644 
11,796 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
4,063 
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GLOWIN LIMITED Notes to the Accounts for the year ended 30 April 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
500 Ordinary shares of £1 each
500 
500 
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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