GLO-EARTH LTD

Company Registration Number:
11236702 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

GLO-EARTH LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GLO-EARTH LTD

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The company's principal activity during the year continued to be Retail sale via mail order houses or via Internet.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

A S Bird
C Turner


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 December 2024

And signed on behalf of the board by:
Name: A S Bird
Status: Director

GLO-EARTH LTD

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 46,691 73,400
Cost of sales: ( 23,578 ) ( 55,665 )
Gross profit(or loss): 23,113 17,735
Administrative expenses: ( 15,962 ) ( 13,553 )
Operating profit(or loss): 7,151 4,182
Interest payable and similar charges: ( 73 ) ( 108 )
Profit(or loss) before tax: 7,078 4,074
Tax: ( 482 )
Profit(or loss) for the financial year: 6,596 4,074

GLO-EARTH LTD

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,008 1,111
Total fixed assets: 1,008 1,111
Current assets
Debtors: 4 2,272 0
Cash at bank and in hand: 5,870 11,245
Total current assets: 8,142 11,245
Creditors: amounts falling due within one year: 5 ( 2,588 ) ( 10,967 )
Net current assets (liabilities): 5,554 278
Total assets less current liabilities: 6,562 1,389
Creditors: amounts falling due after more than one year: 6 ( 2,997 ) ( 4,420 )
Total net assets (liabilities): 3,565 (3,031)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3,564 (3,032 )
Total Shareholders' funds: 3,565 (3,031)

The notes form part of these financial statements

GLO-EARTH LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 December 2024
and signed on behalf of the board by:

Name: C Turner
Status: Director

The notes form part of these financial statements

GLO-EARTH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

GLO-EARTH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

GLO-EARTH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 2,246 2,246
Additions 968 968
Disposals
Revaluations
Transfers
At 31 March 2024 3,214 3,214
Depreciation
At 1 April 2023 1,135 1,135
Charge for year 1,071 1,071
On disposals
Other adjustments
At 31 March 2024 2,206 2,206
Net book value
At 31 March 2024 1,008 1,008
At 31 March 2023 1,111 1,111

GLO-EARTH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Other debtors 2,272 0
Total 2,272 0

GLO-EARTH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 1,382 4,420
Other creditors 1,206 6,547
Total 2,588 10,967

GLO-EARTH LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 2,997 4,420
Total 2,997 4,420