1 1 Glanmedeni Ltd 11468114 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is the sale of craft retail as well as renting of furnished and unfurnished properties. Digita Accounts Production Advanced 6.30.9574.0 true true 11468114 2023-08-01 2024-07-31 11468114 2024-07-31 11468114 bus:Director2 1 2024-07-31 11468114 bus:OrdinaryShareClass1 2024-07-31 11468114 bus:OrdinaryShareClass2 2024-07-31 11468114 core:CurrentFinancialInstruments 2024-07-31 11468114 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 11468114 core:PlantMachinery 2024-07-31 11468114 bus:SmallEntities 2023-08-01 2024-07-31 11468114 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 11468114 bus:FilletedAccounts 2023-08-01 2024-07-31 11468114 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11468114 bus:RegisteredOffice 2023-08-01 2024-07-31 11468114 bus:Director1 2023-08-01 2024-07-31 11468114 bus:Director2 2023-08-01 2024-07-31 11468114 bus:Director2 1 2023-08-01 2024-07-31 11468114 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 11468114 bus:OrdinaryShareClass2 2023-08-01 2024-07-31 11468114 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11468114 bus:Agent1 2023-08-01 2024-07-31 11468114 core:PlantMachinery 2023-08-01 2024-07-31 11468114 countries:AllCountries 2023-08-01 2024-07-31 11468114 2023-07-31 11468114 bus:Director2 1 2023-07-31 11468114 core:PlantMachinery 2023-07-31 11468114 2022-08-01 2023-07-31 11468114 2023-07-31 11468114 bus:Director2 1 2023-07-31 11468114 bus:OrdinaryShareClass1 2023-07-31 11468114 bus:OrdinaryShareClass2 2023-07-31 11468114 core:CurrentFinancialInstruments 2023-07-31 11468114 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 11468114 core:PlantMachinery 2023-07-31 11468114 bus:Director2 1 2022-08-01 2023-07-31 11468114 bus:Director2 1 2022-07-31 xbrli:pure iso4217:GBP xbrli:shares

Filleted
Registration number: 11468114

Glanmedeni Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Glanmedeni Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Glanmedeni Ltd

Company Information

Directors

Mr C M R Elmhirst

Mrs J J Elmhirst

Registered office

Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

Accountants

LHP Accountants Ltd
Chartered Certified AccountantsLlys Deri
Parc Pensarn
Carmarthen
SA31 2NF

 

Glanmedeni Ltd

(Registration number: 11468114)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,234

415

Current assets

 

Stocks

5

-

9,604

Debtors

6

5,763

1,873

Cash at bank and in hand

 

4,103

4,799

 

9,866

16,276

Creditors: Amounts falling due within one year

7

(63,454)

(61,407)

Net current liabilities

 

(53,588)

(45,131)

Net liabilities

 

(51,354)

(44,716)

Capital and reserves

 

Called up share capital

8

6

6

Retained earnings

(51,360)

(44,722)

Shareholders' deficit

 

(51,354)

(44,716)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 April 2025 and signed on its behalf by:
 

.........................................
Mrs J J Elmhirst
Director

   
     
 

Glanmedeni Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

These financial statements were authorised for issue by the Board on 7 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Glanmedeni Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Asset class

Depreciation method and rate

Plant & Machinery

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Glanmedeni Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 August 2023

1,203

1,203

Additions

2,478

2,478

At 31 July 2024

3,681

3,681

Depreciation

At 1 August 2023

788

788

Charge for the year

659

659

At 31 July 2024

1,447

1,447

Carrying amount

At 31 July 2024

2,234

2,234

At 31 July 2023

415

415

5

Stocks

2024
£

2023
£

Work in progress

-

475

Other inventories

-

9,129

-

9,604

6

Debtors

Current

2024
£

2023
£

Prepayments

4,345

1,040

Other debtors

1,418

833

 

5,763

1,873

 

Glanmedeni Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Taxation and social security

 

-

40

Directors' loan accounts

 

61,222

59,492

Other creditors

 

2,232

1,875

 

63,454

61,407

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

2

2

2

2

Ordinary B of £1 each

4

4

4

4

6

6

6

6

9

Related party transactions

Transactions with directors

2024

At 1 August 2023
£

Other payments made to company by director
£

At 31 July 2024
£

Mrs J J Elmhirst

Interest free loan repayable on demand

59,492

1,729

61,222

2023

At 1 August 2022
£

Other payments made to company by director
£

At 31 July 2023
£

Mrs J J Elmhirst

Interest free loan repayable on demand

53,788

5,704

59,492