Registered number
08841814
Glee Care Ltd
Report and Accounts
31 January 2025
Glee Care Ltd
Registered number: 08841814
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 319,119 322,858
Current assets
Debtors 4 25,360 13,170
Cash at bank and in hand 14,983 5,909
40,343 19,079
Creditors: amounts falling due within one year 5 (147,136) (174,116)
Net current liabilities (106,793) (155,037)
Total assets less current liabilities 212,326 167,821
Creditors: amounts falling due after more than one year 6 (40,934) -
Net assets 171,392 167,821
Capital and reserves
Called up share capital 5 5
Profit and loss account 171,387 167,816
Shareholders' funds 171,392 167,821
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Onias John Chivhenge
Director
Approved by the board on 6 August 2025
Glee Care Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 20% Reducing balance
Fixtures, fittings, tools and equipment 20% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 14 14
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 306,979 20,956 7,317 335,252
At 31 January 2025 306,979 20,956 7,317 335,252
Depreciation
At 1 February 2024 - 9,003 3,391 12,394
Charge for the year - 2,954 785 3,739
At 31 January 2025 - 11,957 4,176 16,133
Net book value
At 31 January 2025 306,979 8,999 3,141 319,119
At 31 January 2024 306,979 11,953 3,926 322,858
4 Debtors 2025 2024
£ £
Trade debtors 25,360 13,170
5 Creditors: amounts falling due within one year 2025 2024
£ £
Accruals 1,000 1,000
Trade creditors - 16,845
Corporation tax 1,713 8,969
Other taxes and social security costs 5,066 5,205
Other creditors 139,357 142,097
147,136 174,116
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 40,934 -
7 Other information
Glee Care Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Crabtree Corner
Leicester
Leicestershire
LE2 6TL
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