Company Registration No. 12635964 (England and Wales)
GLOW MARKET LIMITED
Unaudited accounts
for the year ended 31 May 2024
GLOW MARKET LIMITED
Unaudited accounts
Contents
GLOW MARKET LIMITED
Company Information
for the year ended 31 May 2024
Directors
Kevin Hallett
Megan Maureen Hallett
Company Number
12635964 (England and Wales)
Registered Office
Flat 2,
20 Grosvenor Place
Bath, Somerset
England
BA1 6AX
UNITED KINGDOM
Accountants
Seed Accounting Solutions
85 Great Portland Street
First Floor
London
W1W 7LT
GLOW MARKET LIMITED
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
3,105
4,138
Creditors: amounts falling due within one year
(243)
(4,738)
Net current assets/(liabilities)
4,127
(600)
Called up share capital
1
1
Profit and loss account
4,614
49
Shareholders' funds
4,615
50
For the year ending 31 May 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 16 September 2024 and were signed on its behalf by
Megan Maureen Hallett
Director
Company Registration No. 12635964
GLOW MARKET LIMITED
Notes to the Accounts
for the year ended 31 May 2024
GLOW MARKET LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12635964. The registered office is Flat 2,, 20 Grosvenor Place, Bath, Somerset, England, BA1 6AX, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
Reducing balance @ 25%
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
GLOW MARKET LIMITED
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,945
2,232
Loans from directors
(3,740)
1,868
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(1,806)
(8,421)
(2,813)
(7,414)
(1,806)
(8,421)
(2,813)
(7,414)
Overdrawn balance fully repaid within 9 months from the year ended.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).