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REGISTERED NUMBER: 04327214 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JOY GLEDHILL LIMITED

JOY GLEDHILL LIMITED (REGISTERED NUMBER: 04327214)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


JOY GLEDHILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs D J Gledhill





REGISTERED OFFICE: Centre 1292
The Woollen Warehouse
South Church Side
Hull
E. Yorks
HU1 1RR





REGISTERED NUMBER: 04327214 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

JOY GLEDHILL LIMITED (REGISTERED NUMBER: 04327214)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,866 22,124
36,866 22,124

CURRENT ASSETS
Stocks 11,584 11,234
Debtors 6 32,005 35,076
Cash at bank 44,942 52,959
88,531 99,269
CREDITORS
Amounts falling due within one year 7 50,178 59,875
NET CURRENT ASSETS 38,353 39,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,219

61,518

CREDITORS
Amounts falling due after more than
one year

8

(11,260

)

(16,184

)

PROVISIONS FOR LIABILITIES (6,591 ) (3,747 )
NET ASSETS 57,368 41,587

JOY GLEDHILL LIMITED (REGISTERED NUMBER: 04327214)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 302 302
Retained earnings 57,066 41,285
SHAREHOLDERS' FUNDS 57,368 41,587

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 director acknowledges her 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.

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 director and authorised for issue on 16 December 2024 and were signed by:





Mrs D J Gledhill - Director


JOY GLEDHILL LIMITED (REGISTERED NUMBER: 04327214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Joy Gledhill 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.

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 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


JOY GLEDHILL LIMITED (REGISTERED NUMBER: 04327214)

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

JOY GLEDHILL LIMITED (REGISTERED NUMBER: 04327214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 167,773 3,990 3,543 18,605 193,911
Additions 28,346 - - - 28,346
Disposals (61,476 ) (2,828 ) - - (64,304 )
At 31 March 2024 134,643 1,162 3,543 18,605 157,953
DEPRECIATION
At 1 April 2023 148,387 3,990 3,543 15,867 171,787
Charge for year 12,456 - - 1,148 13,604
Eliminated on disposal (61,476 ) (2,828 ) - - (64,304 )
At 31 March 2024 99,367 1,162 3,543 17,015 121,087
NET BOOK VALUE
At 31 March 2024 35,276 - - 1,590 36,866
At 31 March 2023 19,386 - - 2,738 22,124

Fixed assets, included in the above, which are held under finance leases are as follows:
Plant and
machiner
£   
COST
At 1 April 2023 27,943
Transfer to ownership (27,943 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 18,626
Transfer to ownership (18,626 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 9,317

JOY GLEDHILL LIMITED (REGISTERED NUMBER: 04327214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,784 23,418
Tax 6,226 6,225
Prepayments and accrued income 4,995 5,433
32,005 35,076

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases - 3,268
Trade creditors 19,892 26,415
Tax 7,672 3,434
Social security and other taxes 2,618 3,856
VAT 3,272 1,134
Director's current account 13,374 18,418
Accrued expenses 3,350 3,350
50,178 59,875

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 11,260 16,184