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REGISTERED NUMBER: 04165309 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

GLS Light & Sound Production Limited

GLS Light & Sound Production Limited (Registered number: 04165309)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLS Light & Sound Production Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs J A Turner
I W Turner





REGISTERED OFFICE: Alpha Building Willments Shipyard
Hazel Road
Southampton
Hampshire
SO19 7HS





REGISTERED NUMBER: 04165309 (England and Wales)





ACCOUNTANTS: The Green Accountants
www.thegreenaccountants.com

GLS Light & Sound Production Limited (Registered number: 04165309)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 358,733 368,864

CURRENT ASSETS
Stocks 33,911 121,907
Debtors 5 135,707 65,660
Cash at bank and in hand 18 86,775
169,636 274,342
CREDITORS
Amounts falling due within one year 6 440,434 403,456
NET CURRENT LIABILITIES (270,798 ) (129,114 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,935

239,750

CREDITORS
Amounts falling due after more than one
year

7

36,072

133,261
NET ASSETS 51,863 106,489

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,763 106,389
51,863 106,489

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

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

GLS Light & Sound Production Limited (Registered number: 04165309)

Balance Sheet - continued
31 December 2024


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 11 July 2025 and were signed on its behalf by:





I W Turner - Director


GLS Light & Sound Production Limited (Registered number: 04165309)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

GLS Light & Sound Production 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.

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 etc - 20% on reducing balance

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.

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.

GLS Light & Sound Production Limited (Registered number: 04165309)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 620,393
Additions 46,695
Disposals (1,205 )
At 31 December 2024 665,883
DEPRECIATION
At 1 January 2024 251,529
Charge for year 56,268
Eliminated on disposal (647 )
At 31 December 2024 307,150
NET BOOK VALUE
At 31 December 2024 358,733
At 31 December 2023 368,864

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 106,441 56,995
Other debtors 29,266 8,665
135,707 65,660

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 3,494 -
Hire purchase contracts 47,113 93,857
Trade creditors 146,960 131,680
Taxation and social security 67,328 4,411
Other creditors 175,539 173,508
440,434 403,456

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 36,072 79,713
Other creditors - 53,548
36,072 133,261