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REGISTERED NUMBER: 08640104 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GLOWORM SOLUTIONS LTD

GLOWORM SOLUTIONS LTD (REGISTERED NUMBER: 08640104)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GLOWORM SOLUTIONS LTD

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: O Wells
Mrs S Wells





REGISTERED OFFICE: 126 Weyhill Road
Andover
Hampshire
SP10 3BE





REGISTERED NUMBER: 08640104 (England and Wales)





ACCOUNTANT: Richard Kyte Associates
Chartered Certified Accountant
126 Weyhill Road
Andover
Hampshire
SP10 3BE

GLOWORM SOLUTIONS LTD (REGISTERED NUMBER: 08640104)

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,263 481

CURRENT ASSETS
Debtors 5 2,571 4,174
Cash at bank 9,970 7,865
12,541 12,039
CREDITORS
Amounts falling due within one year 6 13,435 8,970
NET CURRENT (LIABILITIES)/ASSETS (894 ) 3,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,369

3,550

CREDITORS
Amounts falling due after more than one year 7 (4,404 ) -

PROVISIONS FOR LIABILITIES 8 (44 ) (91 )
NET ASSETS 921 3,459

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 10 911 3,449
SHAREHOLDERS' FUNDS 921 3,459

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





O Wells - Director


GLOWORM SOLUTIONS LTD (REGISTERED NUMBER: 08640104)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Gloworm Solutions Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2023 5,728 665 6,393
Additions 7,071 - 7,071
At 31 August 2024 12,799 665 13,464
DEPRECIATION
At 1 September 2023 5,248 664 5,912
Charge for year 1,289 - 1,289
At 31 August 2024 6,537 664 7,201
NET BOOK VALUE
At 31 August 2024 6,262 1 6,263
At 31 August 2023 480 1 481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,646 4,174
Tax 925 -
2,571 4,174

GLOWORM SOLUTIONS LTD (REGISTERED NUMBER: 08640104)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 2,400 -
Trade creditors 357 803
Tax 5,440 5,315
VAT 2,384 -
Directors' current accounts 2,660 757
Accrued expenses 194 2,095
13,435 8,970

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 4,404 -

8. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 44 91

Deferred
tax
£   
Balance at 1 September 2023 91
Utilised during year (47 )
Balance at 31 August 2024 44

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
10 Ordinary 10 10 10

10. RESERVES
Retained
earnings
£   

At 1 September 2023 3,449
Profit for the year 22,162
Dividends (24,700 )
At 31 August 2024 911

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,700 (2023 - £19,240) were paid to the directors .

The company was under the control of the 2 directors, Mr O. Wells and Mrs S. Wells, who between them own 100% of the company's shares. At the balance sheet date, they were owed a total of £2,660.