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REGISTERED NUMBER: 08506083 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Adam Glassford Limited

Adam Glassford Limited (Registered number: 08506083)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Adam Glassford Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A Glassford
Mrs L Glassford





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 08506083 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Adam Glassford Limited (Registered number: 08506083)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127,177 114,871

CURRENT ASSETS
Debtors 5 95,957 95,696
Cash at bank 907,989 803,625
1,003,946 899,321
CREDITORS
Amounts falling due within one year 6 145,119 112,642
NET CURRENT ASSETS 858,827 786,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

986,004

901,550

PROVISIONS FOR LIABILITIES 7 31,794 21,825
NET ASSETS 954,210 879,725

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 954,110 879,625
SHAREHOLDERS' FUNDS 954,210 879,725

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





A Glassford - Director


Adam Glassford Limited (Registered number: 08506083)

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


1. STATUTORY INFORMATION

Adam Glassford 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Adam Glassford Limited (Registered number: 08506083)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 13,155 122,490 135,645
Additions - 46,719 46,719
Disposals - (5,000 ) (5,000 )
At 30 April 2024 13,155 164,209 177,364
DEPRECIATION
At 1 May 2023 8,015 12,759 20,774
Charge for year 1,285 28,128 29,413
At 30 April 2024 9,300 40,887 50,187
NET BOOK VALUE
At 30 April 2024 3,855 123,322 127,177
At 30 April 2023 5,140 109,731 114,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Intercompany Loan - YPPE Ltd 95,326 95,326
Directors' loan accounts 631 370
95,957 95,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 131,716 100,679
Social security and other taxes 1,483 43
Accrued expenses 11,920 11,920
145,119 112,642

7. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 31,794 21,825

Deferred
tax
£   
Balance at 1 May 2023 21,825
Deferred Tax 9,969
Balance at 30 April 2024 31,794

8. RELATED PARTY DISCLOSURES

The company is controlled by the company director.