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REGISTERED NUMBER: 10012325 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GLEBE CONSTRUCTION BUILDING CONTRACTORS
LIMITED

GLEBE CONSTRUCTION BUILDING CONTRACTORS
LIMITED (REGISTERED NUMBER: 10012325)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLEBE CONSTRUCTION BUILDING CONTRACTORS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: A J Gallagher





REGISTERED OFFICE: Unit 6a, Northfields Business Park
Forge Way
Parkgate
Rotherham
South Yorkshire
S60 1SD





REGISTERED NUMBER: 10012325 (England and Wales)





ACCOUNTANTS: Jones Francis Limited
400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ

GLEBE CONSTRUCTION BUILDING CONTRACTORS
LIMITED (REGISTERED NUMBER: 10012325)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 287,029 177,044
287,029 177,044

CURRENT ASSETS
Stocks 100,000 110,000
Debtors 6 218,432 37,825
Cash at bank 153,798 37,620
472,230 185,445
CREDITORS
Amounts falling due within one year 7 290,128 243,957
NET CURRENT ASSETS/(LIABILITIES) 182,102 (58,512 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,131

118,532

CREDITORS
Amounts falling due after more than
one year

8

(90,786

)

(87,913

)

PROVISIONS FOR LIABILITIES (71,757 ) (22,075 )
NET ASSETS 306,588 8,544

GLEBE CONSTRUCTION BUILDING CONTRACTORS
LIMITED (REGISTERED NUMBER: 10012325)

BALANCE SHEET - continued
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 306,568 8,524
306,588 8,544

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2025 and were signed by:





A J Gallagher - Director


GLEBE CONSTRUCTION BUILDING CONTRACTORS
LIMITED (REGISTERED NUMBER: 10012325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Glebe Construction Building Contractors 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

GLEBE CONSTRUCTION BUILDING CONTRACTORS
LIMITED (REGISTERED NUMBER: 10012325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 20,000
AMORTISATION
At 1 April 2024
and 31 March 2025 20,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

GLEBE CONSTRUCTION BUILDING CONTRACTORS
LIMITED (REGISTERED NUMBER: 10012325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 95,036 20,676 222,983 31,256 369,951
Additions 65,191 - 151,447 2,917 219,555
Disposals - - (72,393 ) - (72,393 )
At 31 March 2025 160,227 20,676 302,037 34,173 517,113
DEPRECIATION
At 1 April 2024 43,362 9,450 118,848 21,247 192,907
Charge for year 20,016 2,802 35,272 6,734 64,824
Eliminated on disposal - - (27,647 ) - (27,647 )
At 31 March 2025 63,378 12,252 126,473 27,981 230,084
NET BOOK VALUE
At 31 March 2025 96,849 8,424 175,564 6,192 287,029
At 31 March 2024 51,674 11,226 104,135 10,009 177,044

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2024 36,745 73,902 110,647
Additions 55,036 130,698 185,734
Transfer to ownership (20,245 ) (42,903 ) (63,148 )
At 31 March 2025 71,536 161,697 233,233
DEPRECIATION
At 1 April 2024 17,932 10,529 28,461
Charge for year 10,717 22,995 33,712
Transfer to ownership (13,483 ) (5,362 ) (18,845 )
At 31 March 2025 15,166 28,162 43,328
NET BOOK VALUE
At 31 March 2025 56,370 133,535 189,905
At 31 March 2024 18,813 63,373 82,186

GLEBE CONSTRUCTION BUILDING CONTRACTORS
LIMITED (REGISTERED NUMBER: 10012325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 179,880 35,613
Amounts owed by participating interests 2,473 -
Other debtors 36,079 2,212
218,432 37,825

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 37,025 35,947
Hire purchase contracts (see note 9)
47,605

16,987
Trade creditors 121,426 62,473
Amounts owed to participating interests 11,476 17,352
Taxation and social security 66,993 90,126
Other creditors 5,603 21,072
290,128 243,957

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 18,855 62,571
Hire purchase contracts (see note 9)
71,931

25,342
90,786 87,913

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 47,605 16,987
Between one and five years 71,931 25,342
119,536 42,329

10. ULTIMATE CONTROLLING PARTY

The controlling party is A J Gallagher.