1 May 2024 v2025.46.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP140622482024-05-012025-04-30140622482025-04-30140622482024-04-3014062248core:WithinOneYear2025-04-3014062248core:WithinOneYear2024-04-3014062248core:AfterOneYear2025-04-3014062248core:ShareCapital2025-04-3014062248core:ShareCapital2024-04-3014062248core:RetainedEarningsAccumulatedLosses2025-04-3014062248core:RetainedEarningsAccumulatedLosses2024-04-3014062248bus:Director12024-05-012025-04-3014062248bus:RegisteredOffice2024-05-012025-04-3014062248core:NetGoodwill2024-05-012025-04-3014062248core:OfficeEquipment2024-05-012025-04-3014062248core:FurnitureFittings2024-05-012025-04-3014062248core:MotorVehicles2024-05-012025-04-3014062248core:LandBuildings2024-05-012025-04-30140622482023-05-012024-04-3014062248core:NetGoodwill2025-04-3014062248core:PlantMachinery2024-05-01140622482024-05-0114062248core:PlantMachinery2024-05-012025-04-3014062248core:LandBuildings2025-04-3014062248core:PlantMachinery2025-04-3014062248core:PlantMachinery2024-04-301406224812024-05-012025-04-3014062248countries:EnglandWales2024-05-012025-04-3014062248bus:AuditExempt-NoAccountantsReport2024-05-012025-04-3014062248bus:PrivateLimitedCompanyLtd2024-05-012025-04-3014062248bus:SmallEntities2024-05-012025-04-3014062248bus:FullAccounts2024-05-012025-04-30
Company registration number:
14062248
Gluck & Co Limited
Unaudited Filleted Financial Statements for the year ended
30 April 2025
Gluck & Co Limited
Statement of Financial Position
30 April 2025
20252024
Note££
Fixed assets    
Intangible assets 5
175,844
  -  
Tangible assets 6
70,093
 
42,819
 
245,937
 
42,819
 
Current assets    
Debtors 7
73,341
 
47,308
 
Cash at bank and in hand
121,780
 
48,202
 
195,121
 
95,510
 
Creditors: amounts falling due within one year 8
(140,813
)
(77,171
)
Net current assets
54,308
 
18,339
 
Total assets less current liabilities 300,245   61,158  
Creditors: amounts falling due after more than one year 9
(183,733
) -  
Net assets
116,512
 
61,158
 
Capital and reserves    
Called up share capital
102
 
102
 
Profit and loss account
116,410
 
61,056
 
Shareholders funds
116,512
 
61,158
 
For the year ending
30 April 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
24 July 2025
, and are signed on behalf of the board by:
Mr Joseph Gluck
Director
Company registration number:
14062248
Gluck & Co Limited
Notes to the Financial Statements
Year ended
30 April 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Suite 131
,
80 Churchill Square
,
West Malling
,
Kent
,
ME19 4YU
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
20% straight line
Fixtures and fittings
20% straight line
Motor vehicles
20% reducing balance
Land and buildings
Straight line over 10 years

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
5
(2024:
3.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 May 2024
-  
Additions
175,844
 
At
30 April 2025
175,844
 
Amortisation  
At
1 May 2024
and
30 April 2025
-  
Carrying amount  
At
30 April 2025
175,844
 
At 30 April 2024 -  

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 May 2024
-  
46,567
 
46,567
 
Additions
17,811
 
22,150
 
39,961
 
Disposals -  
(2,163
)
(2,163
)
At
30 April 2025
17,811
 
66,554
 
84,365
 
Depreciation      
At
1 May 2024
-  
3,748
 
3,748
 
Charge
594
 
11,047
 
11,641
 
Disposals -  
(1,117
)
(1,117
)
At
30 April 2025
594
 
13,678
 
14,272
 
Carrying amount      
At
30 April 2025
17,217
 
52,876
 
70,093
 
At 30 April 2024 -  
42,819
 
42,819
 

7 Debtors

20252024
££
Trade debtors
22,382
 
10,859
 
Other debtors
50,959
 
36,449
 
73,341
 
47,308
 

8 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
10,505
  -  
Trade creditors
42,304
  -  
Taxation and social security
55,354
 
37,341
 
Other creditors
32,650
 
39,830
 
140,813
 
77,171
 

9 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
136,233
  -  
Trade creditors
47,500
  -  
183,733
  -  

10 Share capital

During the period, the company had ordinary share capital (£1 per share) of £100 Allotted, called up and fully paid (2024: £100).
During the period, the company had ordinary A share capital (£1 per share) of £1 Allotted, called up and fully paid (2024: £1).
During the period, the company had ordinary B share capital (£1 per share) of £1 Allotted, called up and fully paid (2024: £1).

11 Operating leases

The company as lessee    
20252024
££
Not later than 1 year
2,710
 
952