1 July 2023 false No description of principal activity Taxfiler 2024.6 SC507884business:PrivateLimitedCompanyLtd2023-07-012024-06-30 SC5078842023-06-30 SC5078842023-07-012024-06-30 SC507884business:AuditExemptWithAccountantsReport2023-07-012024-06-30 SC507884business:FilletedAccounts2023-07-012024-06-30 SC5078842024-06-30 SC507884business:Director12023-07-012024-06-30 SC507884business:Director22023-07-012024-06-30 SC507884business:RegisteredOffice2023-07-012024-06-30 SC5078842023-06-30 SC507884core:WithinOneYear2024-06-30 SC507884core:WithinOneYear2023-06-30 SC507884core:AfterOneYear2024-06-30 SC507884core:AfterOneYear2023-06-30 SC507884core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 SC507884core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC507884core:RevaluationReservecore:PreviouslyStatedAmount2024-06-30 SC507884core:RevaluationReservecore:PreviouslyStatedAmount2023-06-30 SC507884core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 SC507884core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC507884core:PreviouslyStatedAmount2024-06-30 SC507884core:PreviouslyStatedAmount2023-06-30 SC507884business:SmallEntities2023-07-012024-06-30 SC507884countries:Scotland2023-07-012024-06-30 SC507884core:LandBuildings2023-07-012024-06-30 SC507884core:PlantMachinery2023-07-012024-06-30 SC507884core:FurnitureFittings2023-07-012024-06-30 SC507884core:ComputerEquipment2023-07-012024-06-30 SC507884core:LandBuildings2023-06-30 SC507884core:PlantMachinery2023-06-30 SC507884core:FurnitureFittings2023-06-30 SC507884core:ComputerEquipment2023-06-30 SC507884core:LandBuildings2024-06-30 SC507884core:PlantMachinery2024-06-30 SC507884core:FurnitureFittings2024-06-30 SC507884core:ComputerEquipment2024-06-30 SC5078842022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC507884 (Scotland)
GLOWORMRECORDING LTD Unaudited accounts for the year ended 30 June 2024
GLOWORMRECORDING LTD Unaudited accounts Contents
Page
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GLOWORMRECORDING LTD Company Information for the year ended 30 June 2024
Directors
Iain Hutchison Andrea Gobbi
Company Number
SC507884 (Scotland)
Registered Office
226 WEST REGENT STREET GLASGOW G2 4DQ SCOTLAND
Accountants
Avid Accountants Ltd 21 Blythswood Square Glasgow G2 4BL
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Accountants' report to the board of directors on the preparation of the unaudited statutory statements of GLOWORMRECORDING LTD (The Company) for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 30 June 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the board of directors of the company, as a body, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to the board of directors of the company as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its board of directors as a body for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the requirement to have a statutory audit for the year ended 30 June 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Avid Accountants Ltd Financial Accountants 21 Blythswood Square Glasgow G2 4BL 26 March 2025
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GLOWORMRECORDING LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
147,101 
142,454 
Current assets
Debtors
1,846 
7,003 
Cash at bank and in hand
12,531 
7,093 
14,377 
14,096 
Creditors: amounts falling due within one year
(10,293)
(12,991)
Net current assets
4,084 
1,105 
Total assets less current liabilities
151,185 
143,559 
Creditors: amounts falling due after more than one year
(113,821)
(101,240)
Provisions for liabilities
Other provisions
(1,104)
- 
Net assets
36,260 
42,319 
Capital and reserves
Called up share capital
120 
105 
Revaluation reserve
14,933 
14,933 
Profit and loss account
21,207 
27,281 
Shareholders' funds
36,260 
42,319 
For the year ending 30 June 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 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 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 of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by
Iain Hutchison Director Company Registration No. SC507884
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GLOWORMRECORDING LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
GLOWORMRECORDING LTD is a private company, limited by shares, registered in Scotland, registration number SC507884. The registered office is 226 WEST REGENT STREET, GLASGOW, G2 4DQ, SCOTLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
10 year straight line
Plant & machinery
6% per year
Fixtures & fittings
5 year straight line
Computer equipment
5 year straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
23,900 
178,240 
4,642 
5,965 
212,747 
Additions
1,035 
6,544 
124 
5,042 
12,745 
At 30 June 2024
24,935 
184,784 
4,766 
11,007 
225,492 
Depreciation
At 1 July 2023
8,153 
54,142 
2,730 
5,268 
70,293 
Charge for the year
2,392 
5,169 
464 
73 
8,098 
At 30 June 2024
10,545 
59,311 
3,194 
5,341 
78,391 
Net book value
At 30 June 2024
14,390 
125,473 
1,572 
5,666 
147,101 
At 30 June 2023
15,747 
124,098 
1,912 
697 
142,454 
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GLOWORMRECORDING LTD Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
829 
651 
Trade debtors
992 
6,342 
Accrued income and prepayments
10 
10 
Other debtors
15 
- 
1,846 
7,003 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,480 
2,480 
VAT
2,527 
5,597 
Trade creditors
3,400 
2,933 
Taxes and social security
54 
- 
Other creditors
1,832 
1,261 
Accruals
- 
720 
10,293 
12,991 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,273 
4,753 
Other creditors
8,233 
14,822 
Loans from directors
103,315 
81,665 
113,821 
101,240 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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