2023-03-01 NI030468 2024-02-29 NI030468 2023-03-01 2024-02-29 NI030468 2023-02-28 NI030468 2022-03-01 2023-02-28 NI030468 uk-core:WithinOneYear 2023-02-28 NI030468 uk-core:WithinOneYear 2024-02-29 NI030468 uk-core:AfterOneYear 2023-02-28 NI030468 uk-core:AfterOneYear 2024-02-29 NI030468 uk-core:ShareCapital 2024-02-29 NI030468 uk-core:ShareCapital 2023-02-28 NI030468 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 NI030468 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI030468 uk-bus:Director1 2023-03-01 2024-02-29 NI030468 uk-core:LandBuildings 2023-03-01 2024-02-29 NI030468 uk-core:PlantMachinery 2023-03-01 2024-02-29 NI030468 uk-core:OfficeEquipment 2023-03-01 2024-02-29 NI030468 uk-core:Vehicles 2023-03-01 2024-02-29 NI030468 uk-core:FurnitureFittings 2023-03-01 2024-02-29 NI030468 uk-core:OfficeEquipment 2023-02-28 NI030468 uk-core:FurnitureFittings 2023-02-28 NI030468 uk-core:Vehicles 2023-02-28 NI030468 uk-core:PlantMachinery 2023-02-28 NI030468 uk-core:LandBuildings 2023-02-28 NI030468 uk-core:LandBuildings 2024-02-29 NI030468 uk-core:Vehicles 2024-02-29 NI030468 uk-core:FurnitureFittings 2024-02-29 NI030468 uk-core:OfficeEquipment 2024-02-29 NI030468 uk-core:PlantMachinery 2024-02-29 NI030468 uk-core:WithinOneYear 2024-02-29 NI030468 uk-core:WithinOneYear 2023-02-28 NI030468 uk-core:AfterOneYear uk-core:Secured 2024-02-29 NI030468 uk-core:AfterOneYear uk-core:Secured 2023-02-28 iso4217:GBP xbrli:pure NI030468 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 NI030468 uk-bus:FRS102 2023-03-01 2024-02-29 NI030468 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 NI030468 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
Glenvale Design Limited
Registered Number:NI030468
For the year ended 29 February 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 29 February 2024
Glenvale Design Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI030468
As at 29 February 2024
Glenvale Design Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
73,028
85,114
2
73,028
85,114
Current assets
Inventories
79,929
70,762
3
Trade and other receivables
19,820
83,414
4
100
Cash and cash equivalents
100
154,276
99,849
Trade and other payables: amounts falling due within one
year
(100,611)
(136,373)
5
(762)
17,903
Net current assets
Total assets less current liabilities
90,931
84,352
Trade and other payables: amounts falling due after more
than one year
(22,728)
(12,781)
6
(9,269)
(11,261)
Provisions for liabilities
68,881
Net assets
50,363
Capital and reserves
Called up share capital
50,003
50,003
Retained earnings
18,878
360
68,881
50,363
Shareholders' funds
For the year ended 29 February 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Aidan McCooey Director
These financial statements were approved and authorised for issue by the Board on 28 November 2024 and were signed by:
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4
Registered Number :
NI030468
For the year ended 29 February 2024
Glenvale Design Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 29 February 2024
Glenvale Design Limited
Notes to the Financial Statements
Statutory Information
Glenvale Design Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI030468.
Registered address:
8 Clay Road
Keady
Armagh
BT60 3QY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
4 Straight line
Plant and Machinery
10 Reducing balance
10 Reducing balance
Computer Equipment
25 Reducing balance
Motor Vehicles
10 Reducing balance
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 29 February 2024
Glenvale Design Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
£
Cost or
valuation
At 01 March 2023
412,249
-
104,904
97,177
182,739
27,429
At 29 February
2024
27,429
97,177
104,904
-
412,249
182,739
Provision for depreciation and impairment
At 01 March 2023
327,135
-
80,490
79,679
162,578
4,388
Charge for year
12,086
2,040
783
4,374
3,792
1,097
At 29 February
2024
339,221
2,040
81,273
84,053
166,370
5,485
At 29 February
2024
Net book value
21,944
16,369
13,124
23,631
(2,040)
73,028
23,041
20,161
17,498
24,414
-
85,114
At 28 February
2023
3. Inventories
2023
2024
£
£
Stocks
70,762
79,929
4. Trade and other receivables
2023
2024
£
£
Trade debtors
3,570
10,089
Amounts owed by group undertakings and participating interests
75,377
-
Other debtors
4,467
9,731
19,820
83,414
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7
For the year ended 29 February 2024
Glenvale Design Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
38,688
43,830
Trade creditors
21,802
15,217
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
-
12,022
Other creditors
75,883
29,542
136,373
100,611
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
12,781
22,728
7. Average number of persons employed
During the year the average number of employees was 7 (2023 : 8)
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