Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08934597 Mr Paul Glynn Mr Scot Glynn The Directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08934597 2023-03-31 08934597 2024-03-31 08934597 2023-04-01 2024-03-31 08934597 frs-core:CurrentFinancialInstruments 2024-03-31 08934597 frs-core:Non-currentFinancialInstruments 2024-03-31 08934597 frs-core:ComputerEquipment 2024-03-31 08934597 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08934597 frs-core:ComputerEquipment 2023-03-31 08934597 frs-core:NetGoodwill 2024-03-31 08934597 frs-core:NetGoodwill 2023-04-01 2024-03-31 08934597 frs-core:NetGoodwill 2023-03-31 08934597 frs-core:MotorVehicles 2024-03-31 08934597 frs-core:MotorVehicles 2023-04-01 2024-03-31 08934597 frs-core:MotorVehicles 2023-03-31 08934597 frs-core:PlantMachinery 2024-03-31 08934597 frs-core:PlantMachinery 2023-04-01 2024-03-31 08934597 frs-core:PlantMachinery 2023-03-31 08934597 frs-core:ShareCapital 2024-03-31 08934597 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08934597 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08934597 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08934597 frs-bus:SmallEntities 2023-04-01 2024-03-31 08934597 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08934597 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08934597 1 2023-04-01 2024-03-31 08934597 frs-bus:Director1 2023-04-01 2024-03-31 08934597 frs-bus:Director2 2023-04-01 2024-03-31 08934597 frs-countries:EnglandWales 2023-04-01 2024-03-31 08934597 2022-03-31 08934597 2023-03-31 08934597 2022-04-01 2023-03-31 08934597 frs-core:CurrentFinancialInstruments 2023-03-31 08934597 frs-core:Non-currentFinancialInstruments 2023-03-31 08934597 frs-core:ShareCapital 2023-03-31 08934597 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08934597
Glynns Waste Removals Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
C T B Book Keeping Limited
29 Looe Street
The Barbican
Plymouth
PL4 0EA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08934597
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,500 11,500
Tangible Assets 5 19,937 24,922
31,437 36,422
CURRENT ASSETS
Stocks 6 1,768 881
Debtors 7 11,410 25,018
Cash at bank and in hand 9,715 5,174
22,893 31,073
Creditors: Amounts Falling Due Within One Year 8 (15,048 ) (34,266 )
NET CURRENT ASSETS (LIABILITIES) 7,845 (3,193 )
TOTAL ASSETS LESS CURRENT LIABILITIES 39,282 33,229
Creditors: Amounts Falling Due After More Than One Year 9 (8,556 ) (19,393 )
NET ASSETS 30,726 13,836
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 30,724 13,834
SHAREHOLDERS' FUNDS 30,726 13,836
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Page 2
For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Glynn
Director
29/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Glynns Waste Removals Limited Registered number 08934597 is a limited by shares company incorporated in England & Wales. The Registered Office is 29 Looe Street, Plymouth, PL4 0EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 3 3
3 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 11,500
As at 31 March 2024 11,500
Net Book Value
As at 31 March 2024 11,500
As at 1 April 2023 11,500
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 535 29,485 7,998 38,018
As at 31 March 2024 535 29,485 7,998 38,018
Depreciation
As at 1 April 2023 463 8,248 4,385 13,096
Provided during the period 15 4,247 723 4,985
As at 31 March 2024 478 12,495 5,108 18,081
Net Book Value
As at 31 March 2024 57 16,990 2,890 19,937
As at 1 April 2023 72 21,237 3,613 24,922
6. Stocks
2024 2023
£ £
Work in progress 1,768 881
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,395 25,003
Prepayments and accrued income 15 15
11,410 25,018
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 58 31,026
Corporation tax 10,778 616
VAT 3,287 1,744
Accruals and deferred income 925 880
15,048 34,266
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,800 14,200
Directors loan account 756 5,193
8,556 19,393
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Paul Glynn 11,000 5,100
Mr Scot Glynn 11,000 5,100
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 22,000 10,200
13. Ultimate Controlling Party
The company's ultimate controlling party are The Directors by virtue of their ownership of 100% of the issued share capital in the company.
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