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REGISTERED NUMBER: 09655330 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

GLOWMADE LTD

GLOWMADE LTD (REGISTERED NUMBER: 09655330)






Contents of the Financial Statements
for the year ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOWMADE LTD

Company Information
for the year ended 31 January 2025







DIRECTORS: M J Green
J W Hopper
C R Kingsley
A C Sibbick
E Sullivan Thierrin





REGISTERED OFFICE: 2nd Floor, Crossweys
28-30 High Street
Guildford
GU1 3EL





REGISTERED NUMBER: 09655330 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

GLOWMADE LTD (REGISTERED NUMBER: 09655330)

Balance Sheet
31 January 2025

2025 2024
Notes £ £
FIXED ASSETS
Intangible assets 4 4,089 1,640
Tangible assets 5 594,473 528,792
Investments 6 3 3
598,565 530,435

CURRENT ASSETS
Debtors 7 1,604,117 1,483,774
Cash at bank and in hand 2,180,186 2,677,049
3,784,303 4,160,823
CREDITORS
Amounts falling due within one year 8 (2,579,877 ) (2,697,854 )
NET CURRENT ASSETS 1,204,426 1,462,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,802,991

1,993,404

PROVISIONS FOR LIABILITIES 10 (148,618 ) -
NET ASSETS 1,654,373 1,993,404

CAPITAL AND RESERVES
Called up share capital 11 17 20
Share premium 714,902 714,902
Capital redemption reserve 3 -
Retained earnings 939,451 1,278,482
SHAREHOLDERS' FUNDS 1,654,373 1,993,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

GLOWMADE LTD (REGISTERED NUMBER: 09655330)

Balance Sheet - continued
31 January 2025


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 31 May 2025 and were signed on its behalf by:





J W Hopper - Director


GLOWMADE LTD (REGISTERED NUMBER: 09655330)

Notes to the Financial Statements
for the year ended 31 January 2025

1. STATUTORY INFORMATION

Glowmade 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts, and is recognised as follows:

Revenue from the sale of video games services is recognised as contract activity progresses. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Amortisation of computer software commences upon completion of the website.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, [or valuation] less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment-20% straight line
Fixtures & fittings-25% reducing balance
Leasehold improvements-10% on cost over lease term

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GLOWMADE LTD (REGISTERED NUMBER: 09655330)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 71 (2024 - 50 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 February 2024 1,640
Additions 3,360
At 31 January 2025 5,000
AMORTISATION
Charge for year 911
At 31 January 2025 911
NET BOOK VALUE
At 31 January 2025 4,089
At 31 January 2024 1,640

GLOWMADE LTD (REGISTERED NUMBER: 09655330)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Computer
to property fittings equipment Totals
£ £ £ £
COST
At 1 February 2024 401,917 121,886 163,232 687,035
Additions 92,216 8,506 85,775 186,497
Disposals - (247 ) (8,441 ) (8,688 )
At 31 January 2025 494,133 130,145 240,566 864,844
DEPRECIATION
At 1 February 2024 52,880 37,858 67,505 158,243
Charge for year 55,227 24,866 37,819 117,912
Eliminated on disposal - (120 ) (5,664 ) (5,784 )
At 31 January 2025 108,107 62,604 99,660 270,371
NET BOOK VALUE
At 31 January 2025 386,026 67,541 140,906 594,473
At 31 January 2024 349,037 84,028 95,727 528,792

6. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 February 2024
and 31 January 2025 3
NET BOOK VALUE
At 31 January 2025 3
At 31 January 2024 3

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 782,501 614,408
Amounts owed by group undertakings 205,807 205,773
Other debtors 615,809 663,593
1,604,117 1,483,774

GLOWMADE LTD (REGISTERED NUMBER: 09655330)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 315,061 668,958
Amounts owed to group undertakings 1,599,918 1,610,474
Taxation and social security 310,203 81,296
Other creditors 354,695 337,126
2,579,877 2,697,854

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£ £
Within one year 268,725 268,725
Between one and five years 515,056 783,781
783,781 1,052,506

10. PROVISIONS FOR LIABILITIES
2025 2024
£ £
Deferred tax 148,618 -

Deferred tax
£
Provided during year 148,618
Balance at 31 January 2025 148,618

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
686 A Ordinary £0.01 7 10
1,000 Ordinary £0.01 10 10
17 20

During the year, there was a purchase of own shares of 304 ordinary A shares.

GLOWMADE LTD (REGISTERED NUMBER: 09655330)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£ £
J W Hopper
Balance outstanding at start of year 1,600 -
Amounts advanced 1,868 1,600
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,468 1,600

Director's loan is interest free and repayable on demand.

13. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 from disclosing transactions between the company and its subsidiaries Binocular Bonanza Limited, Monocle Mayhem Limited and Spectacular Skulduggery Ltd.

14. PURCHASE OF OWN SHARES

During the year, the company purchased and cancelled 304 ordinary A shares of £0.01 each at a price of £2,220.39 per share. The total consideration paid was £675,000.
The nominal value of the shares cancelled (£3) has been transferred to a Capital Redemption Reserve, in accordance with the Companies Act 2006. The remaining £674,997 was charged to retained earnings.