PTP Accounts Production v24.1.0.578 08559047 director 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085590472023-06-30085590472024-06-30085590472023-07-012024-06-30085590472022-06-30085590472022-07-012023-06-30085590472023-06-3008559047ns15:EnglandWales2023-07-012024-06-3008559047ns14:PoundSterling2023-07-012024-06-3008559047ns10:Director12023-07-012024-06-3008559047ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008559047ns10:SmallEntities2023-07-012024-06-3008559047ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3008559047ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008559047ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008559047ns10:FullAccounts2023-07-012024-06-3008559047ns10:OrdinaryShareClass12023-07-012024-06-3008559047ns10:RegisteredOffice2023-07-012024-06-3008559047ns5:CurrentFinancialInstruments2024-06-3008559047ns5:CurrentFinancialInstruments2023-06-3008559047ns5:Non-currentFinancialInstruments2024-06-3008559047ns5:Non-currentFinancialInstruments2023-06-3008559047ns5:ShareCapital2024-06-3008559047ns5:ShareCapital2023-06-3008559047ns5:RetainedEarningsAccumulatedLosses2024-06-3008559047ns5:RetainedEarningsAccumulatedLosses2023-06-3008559047ns5:PlantMachinery2023-06-3008559047ns5:ComputerEquipment2023-06-3008559047ns5:PlantMachinery2023-07-012024-06-3008559047ns5:ComputerEquipment2023-07-012024-06-3008559047ns5:PlantMachinery2024-06-3008559047ns5:ComputerEquipment2024-06-3008559047ns5:PlantMachinery2023-06-3008559047ns5:ComputerEquipment2023-06-3008559047ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3008559047ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3008559047ns5:DeferredTaxation2023-06-3008559047ns5:DeferredTaxation2023-07-012024-06-3008559047ns5:DeferredTaxation2024-06-3008559047ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 08559047 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

G.L. Associates (Midlands) Limited

G.L. Associates (Midlands) Limited (Registered number: 08559047)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.L. Associates (Midlands) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr A G Leake





REGISTERED OFFICE: Pine Trees
East End
Long Clawson
Melton Mowbray
Leicestershire
LE14 4NG





REGISTERED NUMBER: 08559047 (England and Wales)





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

G.L. Associates (Midlands) Limited (Registered number: 08559047)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,911 2,870

CURRENT ASSETS
Stocks 5 7,500 10,000
Debtors 6 486 1,925
Cash at bank and in hand 46,401 56,662
54,387 68,587
CREDITORS
Amounts falling due within one year 7 9,068 6,787
NET CURRENT ASSETS 45,319 61,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,230

64,670

CREDITORS
Amounts falling due after more than one
year

8

(310

)

-

PROVISIONS FOR LIABILITIES 9 (553 ) (545 )
NET ASSETS 47,367 64,125

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 47,267 64,025
SHAREHOLDERS' FUNDS 47,367 64,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

G.L. Associates (Midlands) Limited (Registered number: 08559047)

Balance Sheet - continued
30 June 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 director and authorised for issue on 21 January 2025 and were signed by:





Mr A G Leake - Director


G.L. Associates (Midlands) Limited (Registered number: 08559047)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

G.L. Associates (Midlands) 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 comprises the invoiced value of purchases and services supplied by the company during the period, net of trade discounts, VAT and other sales related taxes.

Tangible fixed assets
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follow;

Plant and machinery - 20% reducing balance basis
Computer equipment - 20% reducing balance basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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.

G.L. Associates (Midlands) Limited (Registered number: 08559047)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023 3,711 8,364 12,075
Additions 150 619 769
At 30 June 2024 3,861 8,983 12,844
DEPRECIATION
At 1 July 2023 2,221 6,984 9,205
Charge for year 328 400 728
At 30 June 2024 2,549 7,384 9,933
NET BOOK VALUE
At 30 June 2024 1,312 1,599 2,911
At 30 June 2023 1,490 1,380 2,870

5. STOCKS
30.6.24 30.6.23
£    £   
Work-in-progress 7,500 10,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 486 1,925

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 371 -
Taxation and social security 6,325 5,353
Other creditors 2,372 1,434
9,068 6,787

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 310 -

G.L. Associates (Midlands) Limited (Registered number: 08559047)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 553 545

Deferred
tax
£   
Balance at 1 July 2023 545
Charge to Income Statement during year 8
Balance at 30 June 2024 553

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

During the period under review, the company was under the control of Mr A G Leake the director, who owns 65% of the issued share capital of the company.

Included in creditors is an amount totalling £960 (2023 : £1,439 debtor) representing a loan owed by the company to the director. This loan is interest free and repayable on demand.