IRIS Accounts Production v25.2.0.378 02166677 director 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021666772024-03-31021666772025-03-31021666772024-04-012025-03-31021666772023-03-31021666772023-04-012024-03-31021666772024-03-3102166677ns15:EnglandWales2024-04-012025-03-3102166677ns14:PoundSterling2024-04-012025-03-3102166677ns10:Director12024-04-012025-03-3102166677ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3102166677ns10:SmallEntities2024-04-012025-03-3102166677ns10:AuditExemptWithAccountantsReport2024-04-012025-03-3102166677ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3102166677ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3102166677ns10:FullAccounts2024-04-012025-03-3102166677ns10:RegisteredOffice2024-04-012025-03-3102166677ns5:CurrentFinancialInstruments2025-03-3102166677ns5:CurrentFinancialInstruments2024-03-3102166677ns5:Non-currentFinancialInstruments2025-03-3102166677ns5:Non-currentFinancialInstruments2024-03-3102166677ns5:ShareCapital2025-03-3102166677ns5:ShareCapital2024-03-3102166677ns5:RetainedEarningsAccumulatedLosses2025-03-3102166677ns5:RetainedEarningsAccumulatedLosses2024-03-3102166677ns5:LeaseholdImprovements2024-04-012025-03-3102166677ns5:PlantMachinery2024-04-012025-03-3102166677ns5:FurnitureFittings2024-04-012025-03-3102166677ns5:MotorVehicles2024-04-012025-03-3102166677ns5:ComputerEquipment2024-04-012025-03-3102166677ns5:LeaseholdImprovements2024-03-3102166677ns5:PlantMachinery2024-03-3102166677ns5:FurnitureFittings2024-03-3102166677ns5:LeaseholdImprovements2025-03-3102166677ns5:PlantMachinery2025-03-3102166677ns5:FurnitureFittings2025-03-3102166677ns5:LeaseholdImprovements2024-03-3102166677ns5:PlantMachinery2024-03-3102166677ns5:FurnitureFittings2024-03-3102166677ns5:MotorVehicles2024-03-3102166677ns5:ComputerEquipment2024-03-3102166677ns5:MotorVehicles2025-03-3102166677ns5:ComputerEquipment2025-03-3102166677ns5:MotorVehicles2024-03-3102166677ns5:ComputerEquipment2024-03-3102166677ns5:LeasedAssetsHeldAsLesseens5:PlantMachinery2024-03-3102166677ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2024-03-3102166677ns5:LeasedAssetsHeldAsLessee2024-03-3102166677ns5:LeasedAssetsHeldAsLesseens5:PlantMachinery2024-04-012025-03-3102166677ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2024-04-012025-03-3102166677ns5:LeasedAssetsHeldAsLessee2024-04-012025-03-3102166677ns5:LeasedAssetsHeldAsLesseens5:PlantMachinery2025-03-3102166677ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2025-03-3102166677ns5:LeasedAssetsHeldAsLessee2025-03-3102166677ns5:LeasedAssetsHeldAsLesseens5:PlantMachinery2024-03-3102166677ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2024-03-3102166677ns5:LeasedAssetsHeldAsLessee2024-03-3102166677ns5:AdditionsToInvestmentsns5:UnlistedNon-exchangeTraded2025-03-3102166677ns5:CostValuationns5:UnlistedNon-exchangeTraded2025-03-3102166677ns5:UnlistedNon-exchangeTraded2025-03-3102166677ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3102166677ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3102166677ns5:WithinOneYearns5:HirePurchaseContracts2025-03-3102166677ns5:WithinOneYearns5:HirePurchaseContracts2024-03-3102166677ns5:HirePurchaseContractsns5:BetweenOneFiveYears2025-03-3102166677ns5:HirePurchaseContractsns5:BetweenOneFiveYears2024-03-3102166677ns5:HirePurchaseContracts2025-03-3102166677ns5:HirePurchaseContracts2024-03-3102166677ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2025-03-3102166677ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-03-3102166677ns5:WithinOneYear2025-03-3102166677ns5:WithinOneYear2024-03-3102166677ns5:BetweenOneFiveYears2025-03-3102166677ns5:BetweenOneFiveYears2024-03-3102166677ns5:MoreThanFiveYears2025-03-3102166677ns5:MoreThanFiveYears2024-03-3102166677ns5:AllPeriods2025-03-3102166677ns5:AllPeriods2024-03-3102166677ns10:Director112024-03-3102166677ns10:Director112023-03-3102166677ns10:Director112024-04-012025-03-3102166677ns10:Director112023-04-012024-03-3102166677ns10:Director112025-03-3102166677ns10:Director112024-03-31
REGISTERED NUMBER: 02166677 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Glidefield Limited

Glidefield Limited (Registered number: 02166677)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 11

Glidefield Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: B Davies





REGISTERED OFFICE: Unit 3 Marrtree Business Park
Bowling Back Lane
BRADFORD
West Yorkshire
BD4 8TP





REGISTERED NUMBER: 02166677 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Glidefield Limited (Registered number: 02166677)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Tangible assets 5 305,165 348,830
Investments 6 161,564 -
466,729 348,830

CURRENT ASSETS
Stocks 7 212,230 189,045
Debtors 8 621,872 794,942
Cash at bank and in hand 215,692 606,204
1,049,794 1,590,191
CREDITORS
Amounts falling due within one year 9 (154,247 ) (287,879 )
NET CURRENT ASSETS 895,547 1,302,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,362,276

1,651,142

CREDITORS
Amounts falling due after more than one
year

10

(25,537

)

(36,886

)
NET ASSETS 1,336,739 1,614,256

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 1,286,739 1,564,256
SHAREHOLDERS' FUNDS 1,336,739 1,614,256

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 Statement of Income and Retained Earnings has not been delivered.

Glidefield Limited (Registered number: 02166677)

Statement of Financial Position - continued
31 March 2025



The financial statements were approved by the director and authorised for issue on 27 August 2025 and were signed by:





B Davies - Director


Glidefield Limited (Registered number: 02166677)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Glidefield 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Glidefield Limited as an individual company. The company is exempt from the requirement to prepare group accounts because it is a subsidiary company only. The group is small and therefore exempt from preparation of consolidated accounts.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

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.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Glidefield Limited (Registered number: 02166677)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Glidefield Limited (Registered number: 02166677)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 24 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 126,463 298,867 14,456
Additions - - -
At 31 March 2025 126,463 298,867 14,456
DEPRECIATION
At 1 April 2024 6,055 148,875 5,123
Charge for year 3,079 22,499 1,400
At 31 March 2025 9,134 171,374 6,523
NET BOOK VALUE
At 31 March 2025 117,329 127,493 7,933
At 31 March 2024 120,408 149,992 9,333

Glidefield Limited (Registered number: 02166677)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 139,020 13,057 591,863
Additions - 748 748
At 31 March 2025 139,020 13,805 592,611
DEPRECIATION
At 1 April 2024 74,272 8,708 243,033
Charge for year 16,189 1,246 44,413
At 31 March 2025 90,461 9,954 287,446
NET BOOK VALUE
At 31 March 2025 48,559 3,851 305,165
At 31 March 2024 64,748 4,349 348,830

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
and 31 March 2025 103,269 67,098 170,367
DEPRECIATION
At 1 April 2024 57,448 22,465 79,913
Charge for year 6,873 11,159 18,032
At 31 March 2025 64,321 33,624 97,945
NET BOOK VALUE
At 31 March 2025 38,948 33,474 72,422
At 31 March 2024 45,821 44,633 90,454

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
Additions 161,564
At 31 March 2025 161,564
NET BOOK VALUE
At 31 March 2025 161,564

Glidefield Limited (Registered number: 02166677)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. STOCKS
31.3.25 31.3.24
£    £   
Raw materials 212,230 189,045

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 280,747 196,944
Other debtors 33,632 44,804
Prepayments 87,295 86,976
Directors' current accounts 117,418 89,554
VAT 23,745 41,900
Amounts recoverable on contracts 79,035 334,764
621,872 794,942

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 11) 11,349 11,349
Trade creditors 109,320 232,428
Social security and other taxes 20,789 31,159
Accrued expenses 12,789 12,943
154,247 287,879

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 11) 25,537 36,886

Glidefield Limited (Registered number: 02166677)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
31.3.25 31.3.24
£    £   
Gross obligations repayable:
Within one year 14,294 14,294
Between one and five years 32,162 46,456
46,456 60,750

Finance charges repayable:
Within one year 2,945 2,945
Between one and five years 6,625 9,570
9,570 12,515

Net obligations repayable:
Within one year 11,349 11,349
Between one and five years 25,537 36,886
36,886 48,235

Non-cancellable
operating leases
31.3.25 31.3.24
£    £   
Within one year 103,900 103,900
Between one and five years 415,600 415,600
In more than five years 164,508 268,408
684,008 787,908

12. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts 36,886 48,235

The business loan is secured by a debenture creating a fixed and floating charge over the assets of the company and a legal first charge over Forward House, Mount Street, Bradford.

The hire purchase creditors are secured against the assets they relate to.

Glidefield Limited (Registered number: 02166677)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

13. PENSION COMMITMENTS

The company operates two defined contribution pension schemes. The total pensions cost charged to the profit and loss account for the year was £17,146 (2024 £25,733).

There were no outstanding or prepaid contributions at either the beginning or end of the financial year.

14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
B Davies
Balance outstanding at start of year 89,554 621,521
Amounts advanced 27,864 171,901
Amounts repaid - (703,868 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 117,418 89,554

15. ULTIMATE CONTROLLING PARTY

The controlling party is B Davies.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Glidefield Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Glidefield Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Glidefield Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Glidefield Limited and state those matters that we have agreed to state to the director of Glidefield Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Glidefield Limited and its director for our work or for this report.

It is your duty to ensure that Glidefield Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Glidefield Limited. You consider that Glidefield Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Glidefield Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


27 August 2025