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Company Registration No. 11241686 (England and Wales)
Glenbarrow Construction Ltd Unaudited accounts for the year ended 31 March 2024
Glenbarrow Construction Ltd Unaudited accounts Contents
Page
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Glenbarrow Construction Ltd Company Information for the year ended 31 March 2024
Director
James Quarney
Company Number
11241686 (England and Wales)
Registered Office
Venta House 9a Port Road Maesglas Retail Park Newport NP20 2NS
Accountants
Evans Entwistle Office 12a Equinox South, Great Park Road Bradley Stoke Bristol BS32 4QL
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Glenbarrow Construction Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Glenbarrow Construction Ltd for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Office 12a Equinox South, Great Park Road Bradley Stoke Bristol BS32 4QL 10 September 2024
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Glenbarrow Construction Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
63,469 
72,521 
Current assets
Debtors
40,870 
20,201 
Cash at bank and in hand
26,691 
89,528 
67,561 
109,729 
Creditors: amounts falling due within one year
(30,242)
(29,115)
Net current assets
37,319 
80,614 
Total assets less current liabilities
100,788 
153,135 
Creditors: amounts falling due after more than one year
(35,983)
(77,506)
Provisions for liabilities
Deferred tax
(12,059)
(13,779)
Net assets
52,746 
61,850 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
52,745 
61,849 
Shareholders' funds
52,746 
61,850 
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 10 September 2024 and were signed on its behalf by
James Quarney Director Company Registration No. 11241686
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Glenbarrow Construction Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Glenbarrow Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 11241686. The registered office is Venta House 9a Port Road, Maesglas Retail Park, Newport, NP20 2NS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
10 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Glenbarrow Construction Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
90,520 
At 31 March 2024
90,520 
Depreciation
At 1 April 2023
17,999 
Charge for the year
9,052 
At 31 March 2024
27,051 
Net book value
At 31 March 2024
63,469 
At 31 March 2023
72,521 
5
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
12,059 
13,779 
2024 
2023 
£ 
£ 
Provision at start of year
13,779 
14,686 
Credited to the profit and loss account
(1,720)
(907)
Provision at end of year
12,059 
13,779 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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