GLENSOUND ELECTRONICS LIMITED

Company Registration Number:
01347507 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

GLENSOUND ELECTRONICS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

GLENSOUND ELECTRONICS LIMITED

Balance sheet

As at 30 September 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 52,728 21,125
Total fixed assets: 52,728 21,125
Current assets
Stocks: 376,477 497,929
Debtors:   409,897 697,069
Cash at bank and in hand: 1,406,314 893,565
Total current assets: 2,192,688 2,088,563
Creditors: amounts falling due within one year:   (1,058,966) (982,780)
Net current assets (liabilities): 1,133,722 1,105,783
Total assets less current liabilities: 1,186,450 1,126,908
Provision for liabilities: (10,021) (4,243)
Total net assets (liabilities): 1,176,429 1,122,665
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,176,329 1,122,565
Shareholders funds: 1,176,429 1,122,665

The notes form part of these financial statements

GLENSOUND ELECTRONICS LIMITED

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 March 2025
and signed on behalf of the board by:

Name: Gavin Davis
Status: Director

The notes form part of these financial statements

GLENSOUND ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GLENSOUND ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 2023
Average number of employees during the period 28 28

GLENSOUND ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible Assets

Total
Cost £
At 01 October 2023 512,838
Additions 53,392
Disposals (46,113)
At 30 September 2024 520,117
Depreciation
At 01 October 2023 491,713
Charge for year 21,789
On disposals (46,113)
At 30 September 2024 467,389
Net book value
At 30 September 2024 52,728
At 30 September 2023 21,125