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REGISTERED NUMBER: 13625131 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Glide Removals Ltd

Glide Removals Ltd (Registered number: 13625131)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Glide Removals Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: D B Mclean
Miss K M Stannard



REGISTERED OFFICE: 11 Norfolk Avenue
Cheltenham
Gloucestershire
GL51 8DD



REGISTERED NUMBER: 13625131 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Clearbank Limited
4th Floor
Prologue Works
25 Marsh Street
Bristol
BS1 4AX

Glide Removals Ltd (Registered number: 13625131)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,320 16,923

CURRENT ASSETS
Debtors 5 5,044 2,952
Cash at bank 1,783 5,546
6,827 8,498
CREDITORS
Amounts falling due within one year 6 18,429 22,181
NET CURRENT LIABILITIES (11,602 ) (13,683 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,718

3,240

CREDITORS
Amounts falling due after more than one
year

7

-

(1,075

)

PROVISIONS FOR LIABILITIES (1,586 ) (2,062 )
NET ASSETS 132 103

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32 3
SHAREHOLDERS' FUNDS 132 103

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

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

Glide Removals Ltd (Registered number: 13625131)

Statement of Financial Position - continued
30 September 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 Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





Miss K M Stannard - Director


Glide Removals Ltd (Registered number: 13625131)

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


1. STATUTORY INFORMATION

Glide Removals Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Glide Removals Ltd (Registered number: 13625131)

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


2. ACCOUNTING POLICIES - continued

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.

Going concern
Despite net current liabilities of £11,602 (2023 - £13,683, the directors have reviewed future cash flows and expressed their willingness to financially support the company for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 October 2023
and 30 September 2024 26,017 816 26,833
Depreciation
At 1 October 2023 9,366 544 9,910
Charge for year 3,331 272 3,603
At 30 September 2024 12,697 816 13,513
Net book value
At 30 September 2024 13,320 - 13,320
At 30 September 2023 16,651 272 16,923

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
Cost
At 1 October 2023
and 30 September 2024 9,022
Depreciation
At 1 October 2023 3,248
Charge for year 1,155
At 30 September 2024 4,403
Net book value
At 30 September 2024 4,619
At 30 September 2023 5,774

Glide Removals Ltd (Registered number: 13625131)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 4,511 2,162
Amounts owed by group undertakings 100 100
Other debtors 433 690
5,044 2,952

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Hire purchase contracts 1,075 2,719
Trade creditors 1,344 -
Taxation and social security 6,782 4,833
Other creditors 9,228 14,629
18,429 22,181

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Hire purchase contracts - 1,075

8. RELATED PARTY DISCLOSURES

D B Mclean & Miss K M Stannard
Directors

At 30 September 2024, the company owed the directors £8,102 (2023 - £13,330). The unsecured loan balance is interest free and has no fixed repayment date.

Glide Enterprises Ltd
Parent company

A loan exists between the company and its parent company Glide Enterprises Ltd. At 30 September 2024, the Glide Enterprises Ltd owed the company £100 (2023 - £100). The unsecured loan is interest free with no fixed repayment terms.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Glide Enterprises Ltd, a company controlled by the Directors D B Mclean and Miss K M Stannard. Glide Enterprises Ltd, which shares the same registered office as Glide Removals Ltd, has taken the option under Section 399(2A) of the Companies Act 2006 not to prepare consolidated financial statements.