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REGISTERED NUMBER: 05232769 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

The Glowhouse Limited

The Glowhouse Limited (Registered number: 05232769)






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


The Glowhouse Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr G N Copnall





REGISTERED OFFICE: 135A Clydesdale Place
Leyland
Preston
Lancashire
PR26 7QS





REGISTERED NUMBER: 05232769 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

The Glowhouse Limited (Registered number: 05232769)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 258,313 247,769
258,313 247,769

CURRENT ASSETS
Stocks 777,582 802,500
Debtors 6 232,757 343,660
Cash at bank 321,388 135,047
1,331,727 1,281,207
CREDITORS
Amounts falling due within one year 7 514,352 462,411
NET CURRENT ASSETS 817,375 818,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,075,688

1,066,565

PROVISIONS FOR LIABILITIES 15,658 24,296
NET ASSETS 1,060,030 1,042,269

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,059,930 1,042,169
1,060,030 1,042,269

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.

The Glowhouse Limited (Registered number: 05232769)

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 6 March 2025 and were signed by:





Mr G N Copnall - Director


The Glowhouse Limited (Registered number: 05232769)

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

1. STATUTORY INFORMATION

The Glowhouse 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.

Goodwill
Acquired goodwill has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over period of lease
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

The Glowhouse Limited (Registered number: 05232769)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 6,667
AMORTISATION
At 1 July 2023
and 30 June 2024 6,667
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 154,029 216,330 44,486 414,845
Additions 61,156 9,803 3,702 74,661
At 30 June 2024 215,185 226,133 48,188 489,506
DEPRECIATION
At 1 July 2023 11,080 114,814 41,182 167,076
Charge for year 15,677 46,363 2,077 64,117
At 30 June 2024 26,757 161,177 43,259 231,193
NET BOOK VALUE
At 30 June 2024 188,428 64,956 4,929 258,313
At 30 June 2023 142,949 101,516 3,304 247,769

The Glowhouse Limited (Registered number: 05232769)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 223,053 334,395
Other debtors 9,704 9,265
232,757 343,660

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 104,935 35,291
Amounts owed to group undertakings 59,407 150,000
Taxation and social security 336,878 268,487
Other creditors 13,132 8,633
514,352 462,411

8. ULTIMATE CONTROLLING PARTY

The parent company of The Glowhouse Limited is The Glowhouse Holding Limited and its registered office is 135a Clydesdale Place, Moss Side Industrial Estate, Leyland, Lancashire, United Kingdom, PR26 7QS.