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REGISTERED NUMBER: 11103235 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

GLP E-Commerce Limited

GLP E-Commerce Limited (Registered number: 11103235)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GLP E-Commerce Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: L A Asma





REGISTERED OFFICE: 13 Freeland Park
Wareham Road
Poole
Dorset
BH16 6FA





REGISTERED NUMBER: 11103235 (England and Wales)





ACCOUNTANTS: King Hope
34 Romanby Road
NORTHALLERTON
North Yorkshire
DL7 8NF

GLP E-Commerce Limited (Registered number: 11103235)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 60,340 53,926
Cash at bank 1 35,713
60,341 89,639
CREDITORS
Amounts falling due within one year 5 (67,146 ) (77,164 )
NET CURRENT (LIABILITIES)/ASSETS (6,805 ) 12,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,805

)

12,475

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings (6,806 ) 12,474
SHAREHOLDERS' FUNDS (6,805 ) 12,475

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

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

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





L A Asma - Director


GLP E-Commerce Limited (Registered number: 11103235)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

GLP E-Commerce 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Going concern
The financial statements have been prepared on a going concern basis.

This assumes that the company continues in existence for the foreseeable future having adequate funds to meet its liabilities as they fall due.

The Director considers this to be appropriate on the basis he will provide resources to meet liabilities due.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 45,669 23,676
Other debtors 14,671 30,250
60,340 53,926

GLP E-Commerce Limited (Registered number: 11103235)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests - 16,922
Social security and other taxes 65,691 57,995
Other creditors - 633
Accruals and deferred income 1,455 1,614
67,146 77,164

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
L A Asma
Balance outstanding at start of year 13,566 -
Amounts advanced 25,413 18,329
Amounts repaid (24,491 ) (4,763 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,488 13,566

8. RELATED PARTY DISCLOSURES

At the balance sheet date £45,670 (2023: £23,677) was owed by companies over which the director has significant influence and £nil (2023: £16,922) was owed to such companies.

A bad debt provision was made against a company debt, due from a company based in the Isle of Man over which the director has significant influence, amounting to £11,909. In the prior year an earlier bad debt was recovered from the company of £38,728.

9. ULTIMATE CONTROLLING PARTY

The controlling party is L A Asma.