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REGISTERED NUMBER: 04780777 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Glenford Agencies Ltd

Glenford Agencies Ltd (Registered number: 04780777)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Glenford Agencies Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A Singh





SECRETARY: Mrs R Kaur





REGISTERED OFFICE: 50 Hills Road
Cambridge
Cambridgeshire
CB2 1LA





REGISTERED NUMBER: 04780777 (England and Wales)





ACCOUNTANTS: Coombs Chartered Accountants
164 Bedford Road
Kempston
Bedford
Bedfordshire
MK42 8BH

Glenford Agencies Ltd (Registered number: 04780777)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 16,000
Tangible assets 5 1,862 1,653
11,862 17,653

CURRENT ASSETS
Stocks 53,611 64,469
Debtors 6 232,016 232,173
Cash at bank and in hand 68,400 80,337
354,027 376,979
CREDITORS
Amounts falling due within one year 7 318,318 296,751
NET CURRENT ASSETS 35,709 80,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,571

97,881


CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,471 97,781
SHAREHOLDER FUNDS 47,571 97,881
47,571 97,881

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 February 2025 and were signed by:





A Singh - Director


Glenford Agencies Ltd (Registered number: 04780777)

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

1. STATUTORY INFORMATION

Glenford Agencies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Changes in accounting policies
These financial statements for the year ended 30 June 2017. are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 July 2016.

The transition to FRS102 Section 1A small entities has resulted in no changes in accounting policies to those used previously and therefore there is no impact on opening equity and profit for the comparative period.

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
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.
Short leasehold - 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 15% 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 Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Glenford Agencies Ltd (Registered number: 04780777)

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 100,000
AMORTISATION
At 1 July 2023 84,000
Charge for year 6,000
At 30 June 2024 90,000
NET BOOK VALUE
At 30 June 2024 10,000
At 30 June 2023 16,000

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 3,804 12,777 850 17,431
Additions - 769 - 769
At 30 June 2024 3,804 13,546 850 18,200
DEPRECIATION
At 1 July 2023 3,804 11,336 638 15,778
Charge for year - 433 127 560
At 30 June 2024 3,804 11,769 765 16,338
NET BOOK VALUE
At 30 June 2024 - 1,777 85 1,862
At 30 June 2023 - 1,441 212 1,653

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 106,664 114,242
Other debtors 125,352 117,931
232,016 232,173

Glenford Agencies Ltd (Registered number: 04780777)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 64,382 65,486
Taxation and social security 5,053 10,421
Other creditors 248,883 220,844
318,318 296,751