Company Registration No. 12788491 (England and Wales)
GLOW ELECTRONICS LTD
Unaudited accounts
for the year ended 31 August 2024
GLOW ELECTRONICS LTD
Unaudited accounts
Contents
GLOW ELECTRONICS LTD
Company Information
for the year ended 31 August 2024
Company Number
12788491 (England and Wales)
Registered Office
124 City Road
London
EC1V 2NX
England
GLOW ELECTRONICS LTD
Statement of financial position
as at 31 August 2024
Tangible assets
163,200
163,200
Cash at bank and in hand
34,478
31,094
Creditors: amounts falling due within one year
(68,044)
(88,589)
Net current assets/(liabilities)
5,193
(14,858)
Total assets less current liabilities
168,393
148,342
Creditors: amounts falling due after more than one year
(191,785)
(181,006)
Net liabilities
(23,392)
(32,664)
Called up share capital
1
1
Profit and loss account
(23,393)
(32,665)
Shareholders' funds
(23,392)
(32,664)
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 September 2024 and were signed on its behalf by
David Mbunzama
Director
Company Registration No. 12788491
GLOW ELECTRONICS LTD
Notes to the Accounts
for the year ended 31 August 2024
GLOW ELECTRONICS LTD is a private company, limited by shares, registered in England and Wales, registration number 12788491. The registered office is 124 City Road, , London, EC1V 2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
At 1 September 2023
204,000
At 1 September 2023
40,800
5
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
42,781
54,293
Trade creditors
17,843
22,203
Other creditors
7,420
12,093
GLOW ELECTRONICS LTD
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
165,400
149,283
Trade creditors
7,843
9,328
Other creditors
18,542
22,395
7
Average number of employees
During the year the average number of employees was 20 (2023: 20).