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REGISTERED NUMBER: 10883046 (England and Wales)













GLAD PEOPLE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024






GLAD PEOPLE LIMITED (REGISTERED NUMBER: 10883046)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GLAD PEOPLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: Mr A Defta





REGISTERED OFFICE: The Gate Business Center
Keppoch Street
Cardiff
CF24 3JW





REGISTERED NUMBER: 10883046 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

GLAD PEOPLE LIMITED (REGISTERED NUMBER: 10883046)

STATEMENT OF FINANCIAL POSITION
31ST JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 15,400 15,400
Tangible assets 5 870 870
16,270 16,270

CURRENT ASSETS
Cash at bank 55 55

CREDITORS
Amounts falling due within one year 6 30,459 30,459
NET CURRENT LIABILITIES (30,404 ) (30,404 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,134 ) (14,134 )

CREDITORS
Amounts falling due after more than one year 7 2,780 2,780
NET LIABILITIES (16,914 ) (16,914 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (16,915 ) (16,915 )
SHAREHOLDERS' FUNDS (16,914 ) (16,914 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th April 2025 and were signed by:





Mr A Defta - Director


GLAD PEOPLE LIMITED (REGISTERED NUMBER: 10883046)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024


1. STATUTORY INFORMATION

Glad People Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% straight line on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2023
and 31st July 2024 22,000
AMORTISATION
At 1st August 2023
and 31st July 2024 6,600
NET BOOK VALUE
At 31st July 2024 15,400
At 31st July 2023 15,400

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st August 2023
and 31st July 2024 1,740
DEPRECIATION
At 1st August 2023
and 31st July 2024 870
NET BOOK VALUE
At 31st July 2024 870
At 31st July 2023 870

GLAD PEOPLE LIMITED (REGISTERED NUMBER: 10883046)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 420 420
Other creditors 30,039 30,039
30,459 30,459

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,780 2,780

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1