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REGISTERED NUMBER: 07176719 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

GLR Installations (Melton Mowbray)
Limited

GLR Installations (Melton Mowbray)
Limited (Registered number: 07176719)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLR Installations (Melton Mowbray)
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G L Reek
Mrs S H L Reek





REGISTERED OFFICE: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB





BUSINESS ADDRESS: 86 Snow Hill
Melton Mowbray
Leicestershire
LE13 1PH





REGISTERED NUMBER: 07176719 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

GLR Installations (Melton Mowbray)
Limited (Registered number: 07176719)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,688 11,605
8,688 11,605

CURRENT ASSETS
Stocks 6 43,998 46,455
Debtors 7 84,593 99,485
Cash at bank and in hand 57,569 52,639
186,160 198,579
CREDITORS
Amounts falling due within one year 8 136,042 142,628
NET CURRENT ASSETS 50,118 55,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,806

67,556

PROVISIONS FOR LIABILITIES 9 1,630 2,183
NET ASSETS 57,176 65,373

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 57,076 65,273
SHAREHOLDERS' FUNDS 57,176 65,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

GLR Installations (Melton Mowbray)
Limited (Registered number: 07176719)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





G L Reek - Director


GLR Installations (Melton Mowbray)
Limited (Registered number: 07176719)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

GLR Installations (Melton Mowbray) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each assets over its expected useful life, as follow:

Fixtures and fittings - 15% Reducing balance basis
Motor vehicles - 25% Reducing balance basis
Computer equipment - 33% Straight line basis

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GLR Installations (Melton Mowbray)
Limited (Registered number: 07176719)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

GLR Installations (Melton Mowbray)
Limited (Registered number: 07176719)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,227 27,595 2,263 31,085
Disposals - (500 ) - (500 )
At 31 March 2024 1,227 27,095 2,263 30,585
DEPRECIATION
At 1 April 2023 821 16,396 2,263 19,480
Charge for year 102 2,794 - 2,896
Eliminated on disposal - (479 ) - (479 )
At 31 March 2024 923 18,711 2,263 21,897
NET BOOK VALUE
At 31 March 2024 304 8,384 - 8,688
At 31 March 2023 406 11,199 - 11,605

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 25,725 30,127
Work-in-progress 18,273 16,328
43,998 46,455

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 82,963 95,237
Other debtors 602 -
Tax - 1,403
Prepayments 1,028 2,845
84,593 99,485

GLR Installations (Melton Mowbray)
Limited (Registered number: 07176719)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 125,293 116,475
Tax 1,914 36
Social security and other taxes 3,186 21,729
Other creditors 1,675 401
Directors' current accounts 299 487
Accrued expenses 3,675 3,500
136,042 142,628

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 1,630 2,183

Deferred
tax
£   
Balance at 1 April 2023 2,183
Credit to Income Statement during year (553 )
Balance at 31 March 2024 1,630

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £299 (2023 : £487) due to Mr G L and Mrs S H Reek. The amounts due to the directors are interest free and repayable on demand.