Company Registration No. 13763586 (England and Wales)
Gleen.IO Limited
Unaudited accounts
for the year ended 30 November 2024
Gleen.IO Limited
Unaudited accounts
Contents
Gleen.IO Limited
Company Information
for the year ended 30 November 2024
Company Number
13763586 (England and Wales)
Registered Office
128 CITY ROAD
LONDON
EC1V 2NX
UNITED KINGDOM
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Gleen.IO Limited
Statement of financial position
as at 30 November 2024
Intangible assets
8,003
8,954
Tangible assets
8,681
1,030
Cash at bank and in hand
2,043,834
115,096
Creditors: amounts falling due within one year
(40,850)
(6,684)
Net current assets
2,023,834
111,852
Total assets less current liabilities
2,040,518
121,836
Provisions for liabilities
Net assets
2,038,869
121,836
Called up share capital
3
2
Share premium
3,000,973
500,999
Capital redemption reserve
140,907
-
Profit and loss account
(1,103,014)
(379,165)
Shareholders' funds
2,038,869
121,836
For the year ending 30 November 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 22 April 2025 and were signed on its behalf by
Patrick Stobbs
Director
Company Registration No. 13763586
Gleen.IO Limited
Notes to the Accounts
for the year ended 30 November 2024
Gleen.IO Limited is a private company, limited by shares, registered in England and Wales, registration number 13763586. The registered office is 128 CITY ROAD, LONDON, EC1V 2NX, UNITED KINGDOM.
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.
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Computer equipment
4 Years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Gleen.IO Limited
Notes to the Accounts
for the year ended 30 November 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
2,914
-
Gleen.IO Limited
Notes to the Accounts
for the year ended 30 November 2024
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
32,700
5,874
Loans from directors
848
308
Included in creditors is a directors' loan of £848. The loan is interest-free and repayable on demand.
Allotted, called up and fully paid:
1,337,372 Ordinary shares of £0.000001 each
1.33
1.33
1,000,000 Deferred shares of £0.000001 each
1.00
1.00
751,375 Seed Deferred of £0.000001 each
0.75
0.75
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Average number of employees
During the year the average number of employees was 4 (2023: 2).