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REGISTERED NUMBER: SC694016 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GLADE SPORTS LTD

GLADE SPORTS LTD (REGISTERED NUMBER: SC694016)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


GLADE SPORTS LTD (REGISTERED NUMBER: SC694016)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 14,213 28,197
Cash in hand 1 1
14,214 28,198
CREDITORS
Amounts falling due within one year 5 53,807 27,783
NET CURRENT (LIABILITIES)/ASSETS (39,593 ) 415
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,593

)

415

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (39,594 ) 414
(39,593 ) 415

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 his 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.

GLADE SPORTS LTD (REGISTERED NUMBER: SC694016)

BALANCE SHEET - continued
31 March 2024



The financial statements were approved by the director and authorised for issue on 16 January 2025 and were signed by:





D I Goodfellow - Director


GLADE SPORTS LTD (REGISTERED NUMBER: SC694016)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Glade Sports Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC694016

Registered office: 20 Carronhall Drive
Uddingston
Glasgow
G71 7WP

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 12,030 28,197
Directors' current accounts 2,183 -
14,213 28,197

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 26,250 21,385
Other loans 23,578 3,421
Trade creditors - (1 )
Tax 3,159 2,258
Accrued expenses 820 720
53,807 27,783

GLADE SPORTS LTD (REGISTERED NUMBER: SC694016)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. FINANCIAL INSTRUMENTS

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.