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REGISTERED NUMBER: 07850280 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Glevum Building & Maintenance Ltd

Glevum Building & Maintenance Ltd (Registered number: 07850280)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Glevum Building & Maintenance Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: J P Martin





REGISTERED OFFICE: 21a Colin Road
Barnwood
Gloucester
Gloucestershire
GL4 3JL





REGISTERED NUMBER: 07850280 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Glevum Building & Maintenance Ltd (Registered number: 07850280)

Statement of Financial Position
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,783 33,700

CURRENT ASSETS
Stocks 1,020 742
Debtors 5 117,096 69,091
Cash at bank 19,275 107,772
137,391 177,605
CREDITORS
Amounts falling due within one year 6 79,368 206,749
NET CURRENT ASSETS/(LIABILITIES) 58,023 (29,144 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,806

4,556

CREDITORS
Amounts falling due after more than one
year

7

(79,406

)

-

PROVISIONS FOR LIABILITIES 9 (24,687 ) (6,403 )
NET ASSETS/(LIABILITIES) 73,713 (1,847 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,613 (1,947 )
SHAREHOLDERS' FUNDS 73,713 (1,847 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.

Glevum Building & Maintenance Ltd (Registered number: 07850280)

Statement of Financial Position - continued
31 October 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 director and authorised for issue on 28 July 2025 and were signed by:





J P Martin - Director


Glevum Building & Maintenance Ltd (Registered number: 07850280)

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


1. STATUTORY INFORMATION

Glevum Building & Maintenance 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 October 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 November 2022.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 5% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 33% on cost

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Glevum Building & Maintenance Ltd (Registered number: 07850280)

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


2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 November 2023 15,380 176,074 - 191,454
Additions 524 35,557 2,309 38,390
Disposals (9,919 ) (64,092 ) (2,445 ) (76,456 )
Reclassification/transfer (3,749 ) - 3,749 -
At 31 October 2024 2,236 147,539 3,613 153,388
Depreciation
At 1 November 2023 12,580 145,174 - 157,754
Charge for year 624 12,979 1,154 14,757
Eliminated on disposal (9,034 ) (127,427 ) (2,445 ) (138,906 )
Reclassification/transfer (3,030 ) - 3,030 -
At 31 October 2024 1,140 30,726 1,739 33,605
Net book value
At 31 October 2024 1,096 116,813 1,874 119,783
At 31 October 2023 2,800 30,900 - 33,700

Glevum Building & Maintenance Ltd (Registered number: 07850280)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 November 2023 106,433
Additions 34,990
At 31 October 2024 141,423
Depreciation
At 1 November 2023 16,138
Charge for year 12,528
At 31 October 2024 28,666
Net book value
At 31 October 2024 112,757
At 31 October 2023 90,295

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 63,959 68,330
Other debtors 53,137 761
117,096 69,091

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 5,000 40,134
Hire purchase contracts 25,862 30,752
Trade creditors 27,549 59,875
Taxation and social security 16,749 25,503
Other creditors 4,208 50,485
79,368 206,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Bank loans 30,417 -
Hire purchase contracts 48,989 -
79,406 -

Glevum Building & Maintenance Ltd (Registered number: 07850280)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31/10/24 31/10/23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,417 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31/10/24 31/10/23
£    £   
Bank loans 35,417 -

HSBC Bank Plc has a fixed and floating charge over all the assets of the company registered on 23 December 2015

9. PROVISIONS FOR LIABILITIES
31/10/24 31/10/23
£    £   
Deferred tax
Accelerated capital allowances 24,687 6,403

Deferred
tax
£   
Balance at 1 November 2023 6,403
Provided during year 18,284
Balance at 31 October 2024 24,687

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31/10/24 31/10/23
£    £   
J P Martin
Balance outstanding at start of year (49,029 ) -
Amounts advanced 91,270 -
Amounts repaid (26,996 ) (49,029 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,245 (49,029 )

The balance owed by the director, included in other debtors, is unsecured, repayable on demand and has been charged interest at the HMRC official rate of interest.

11. FIRST YEAR ADOPTION

Glevum Building & Maintenance Ltd (Registered number: 07850280)

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


11. FIRST YEAR ADOPTION - continued

The transition to FRS 102 resulted in an adjustment to deferred tax to include a provision of £6,403.