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Registration number: 08870948

Glyn Dyer Design Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Glyn Dyer Design Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Glyn Dyer Design Ltd

Company Information

Director

Mr G Dyer

Registered office

2 Western Street
Barnsley
South Yorkshire
S70 2BP

Accountants

Cameron Alexander Accountants Ltd
Chartered Certified Accountants
2 Western Street
Barnsley
South Yorkshire
S70 2BP

 

Glyn Dyer Design Ltd

(Registration number: 08870948)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

5,010

5,716

Current assets

 

Debtors

4

16,957

270

Cash at bank and in hand

 

1,925

3,049

 

18,882

3,319

Creditors: Amounts falling due within one year

5

(10,900)

(7,318)

Net current assets/(liabilities)

 

7,982

(3,999)

Total assets less current liabilities

 

12,992

1,717

Provisions for liabilities

(952)

(1,086)

Net assets

 

12,040

631

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

11,940

531

Shareholders' funds

 

12,040

631

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 April 2025
 

.........................................
Mr G Dyer
Director

 

Glyn Dyer Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

Accounting policies

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.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

 

Glyn Dyer Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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:

Asset class

Depreciation method and rate

Plant and machinery etc

25% on reducing balance

Plant and Machinery

25% straight line

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.

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.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Glyn Dyer Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

3

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2024

7,870

4,486

12,356

Additions

1,330

-

1,330

Disposals

(906)

-

(906)

At 31 January 2025

8,294

4,486

12,780

Depreciation

At 1 February 2024

4,954

1,686

6,640

Charge for the year

741

1,122

1,863

Eliminated on disposal

(733)

-

(733)

At 31 January 2025

4,962

2,808

7,770

Carrying amount

At 31 January 2025

3,332

1,678

5,010

At 31 January 2024

2,916

2,800

5,716

 

Glyn Dyer Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Debtors

Current

2025
£

2024
£

Trade debtors

16,614

-

Prepayments

343

270

 

16,957

270

5

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

294

294

Taxation and social security

3,889

1,304

Other creditors

6,717

5,720

10,900

7,318

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

7

Related party transactions

Transactions with the director

2025

At 1 February 2024
£

Advances to director
£

At 31 January 2025
£

Mr G Dyer

No interest is charged on the loan and there is no fixed date of repayment.

821

(803)

18

 

Glyn Dyer Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2024

At 1 February 2023
£

Advances to director
£

At 31 January 2024
£

Mr G Dyer

No interest is charged on the loan and there is no fixed date of repayment.

1,455

(634)

821