IRIS Accounts Production v24.3.0.553 10022080 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100220802023-05-31100220802024-05-31100220802023-06-012024-05-31100220802022-05-31100220802022-06-012023-05-31100220802023-05-3110022080ns15:EnglandWales2023-06-012024-05-3110022080ns14:PoundSterling2023-06-012024-05-3110022080ns10:Director12023-06-012024-05-3110022080ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3110022080ns10:SmallEntities2023-06-012024-05-3110022080ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3110022080ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3110022080ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110022080ns10:FullAccounts2023-06-012024-05-3110022080ns10:Director22023-06-012024-05-3110022080ns10:RegisteredOffice2023-06-012024-05-3110022080ns5:CurrentFinancialInstruments2024-05-3110022080ns5:CurrentFinancialInstruments2023-05-3110022080ns5:ShareCapital2024-05-3110022080ns5:ShareCapital2023-05-3110022080ns5:RetainedEarningsAccumulatedLosses2024-05-3110022080ns5:RetainedEarningsAccumulatedLosses2023-05-3110022080ns5:PlantMachinery2023-06-012024-05-3110022080ns5:PlantMachinery2024-05-3110022080ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3110022080ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 10022080 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024

FOR

GARLIN HOLDINGS LTD

GARLIN HOLDINGS LTD (REGISTERED NUMBER: 10022080)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GARLIN HOLDINGS LTD

COMPANY INFORMATION
for the Year Ended 31st May 2024







DIRECTORS: Mr G E Dean
Mrs L M Dean





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 10022080 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

GARLIN HOLDINGS LTD (REGISTERED NUMBER: 10022080)

BALANCE SHEET
31st May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 500 -

CURRENT ASSETS
Debtors 5 44,975 27,656
Cash at bank 84 -
45,059 27,656
CREDITORS
Amounts falling due within one year 6 (42,801 ) (25,692 )
NET CURRENT ASSETS 2,258 1,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,758

1,964

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,658 1,864
SHAREHOLDERS' FUNDS 2,758 1,964

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2024 and were signed on its behalf by:





Mr G E Dean - Director


GARLIN HOLDINGS LTD (REGISTERED NUMBER: 10022080)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2024


1. STATUTORY INFORMATION

Garlin Holdings Ltd Limited is a private company limited by share capital, incorporated in England and Wales, registration number 10022080. The registered office address is 100, Barbirolli Square, Manchester, United Kingdom, M2 3BD and principal place of business is 75 Mottram Old Road Stalybridge, Cheshire, SK15 2TE

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. Turnover is generated from the provision of pharmaceutical services provided in the normal course of business.

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computer equipment33.30% straight line method

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

Current 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

GARLIN HOLDINGS LTD (REGISTERED NUMBER: 10022080)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 692
At 31st May 2024 692
DEPRECIATION
Charge for year 192
At 31st May 2024 192
NET BOOK VALUE
At 31st May 2024 500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,233 8,356
Other debtors 27,742 19,300
44,975 27,656

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 8,477
Trade creditors 257 1,297
Taxation and social security 40,679 15,623
Other creditors 1,865 295
42,801 25,692

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
50 A Ordinary £1.00 50 50
50 B Ordinary £1.00 50 50
100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the director owed the company £27,301 (2023: £19,192).