GLC BATHROOM INSTALLATIONS LTD

Company Registration Number:
13841804 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

GLC BATHROOM INSTALLATIONS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

GLC BATHROOM INSTALLATIONS LTD

Company Information

for the Period Ended 31 December 2023




Director: Mr Gary Cordall
Registered office: 19
Castle Road
Bitterne
Southampton
Hampshire
England
SO18 1QP
Company Registration Number: 13841804 (England and Wales)

GLC BATHROOM INSTALLATIONS LTD

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal Activities

The principle activity of the company continues to be general bathroom installations, repair. plastering, floor & wall coveing services.

Company policy on the employment of disabled persons

The company policy is to employ disabled people wherever practical.

Additional information

Mr Gary Cordall holds 100% of the issued share capital and is deemed the ultimate controlling party.

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
Mr Gary Cordall

This report was approved by the board of directors on 29 November 2024
And Signed On Behalf Of The Board By:

Name: Mr Gary Cordall
Status: Director

GLC BATHROOM INSTALLATIONS LTD

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 692 751
Total fixed assets: 692 751
Current assets
Debtors: 5 108 219
Cash at bank and in hand: 4,606 22,208
Total current assets: 4,714 22,427
Creditors: amounts falling due within one year: 6 ( 5,265 ) ( 23,054 )
Net current assets (liabilities): ( 551 ) ( 627 )
Total assets less current liabilities: 141 124
Total net assets (liabilities): 141 124

The notes form part of these financial statements

GLC BATHROOM INSTALLATIONS LTD

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 41 24
Shareholders funds: 141 124

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 29 November 2024
And Signed On Behalf Of The Board By:

Name: Mr Gary Cordall
Status: Director

The notes form part of these financial statements

GLC BATHROOM INSTALLATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is calculated to write of the cost of tangible fixed assets by annual instalments over their estimated useful lives based on thenetbook value of assets owned at the beginning of the year and the cost of assets acquired during the year as follows: -
    Motor vehicles: 20% reducing balance
    Tools and equipment: 25% reducing balance
    Office equipment: 33% reducing balance

    Valuation information and policy

    Stocks and work in progress are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-movingitems. Cost includes all direct expenditure and overheads.

    Other accounting policies

    Assets obtained under hire purchase contracts are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

GLC BATHROOM INSTALLATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

GLC BATHROOM INSTALLATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

GLC BATHROOM INSTALLATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Office equipment Total
Cost £ £
At 01 January 2023 900 900
Additions 210 210
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2023 1,110 1,110
Depreciation
At 01 January 2023 149 149
Charge for year 269 269
On disposals - -
Other adjustments - -
At 31 December 2023 418 418
Net book value
At 31 December 2023 692 692
At 31 December 2022 751 751

GLC BATHROOM INSTALLATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors


2023
£

2022
£
Prepayments and accrued income 108 219
Total 108 219

GLC BATHROOM INSTALLATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 225 0
Trade creditors 239 7,431
Taxation and social security 1,384 6,730
Accruals and deferred income 1,685 1,585
Other creditors 1,732 7,308
Total 5,265 23,054