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Company Registration No. 07853792 (England and Wales)
Glotee Legal Limited Unaudited accounts for the year ended 30 November 2024
Glotee Legal Limited Unaudited accounts Contents
Page
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Glotee Legal Limited Company Information for the year ended 30 November 2024
Director
Ted Usama
Company Number
07853792 (England and Wales)
Registered Office
Queens Court 9-17 Eastern Road Romford Essex RM1 3NG United Kingdom
Accountants
Xaris Accountants 20-22 Wenlock Road Hoxton London England N1 7GU
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Glotee Legal Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
608 
1,135 
Current assets
Debtors
45 
- 
Cash at bank and in hand
1,029 
(284)
1,074 
(284)
Creditors: amounts falling due within one year
(56,205)
(11,025)
Net current liabilities
(55,131)
(11,309)
Total assets less current liabilities
(54,523)
(10,174)
Creditors: amounts falling due after more than one year
(30,260)
(74,986)
Net liabilities
(84,783)
(85,160)
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
(94,783)
(95,160)
Shareholders' funds
(84,783)
(85,160)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2025 and were signed on its behalf by
Ted Usama Director Company Registration No. 07853792
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Glotee Legal Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Glotee Legal Limited is a private company, limited by shares, registered in England and Wales, registration number 07853792. The registered office is Queens Court, 9-17 Eastern Road, Romford, Essex, RM1 3NG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
3,336 
2,638 
5,974 
At 30 November 2024
3,336 
2,638 
5,974 
Depreciation
At 1 December 2023
3,336 
1,503 
4,839 
Charge for the year
- 
385 
385 
Surplus on revaluation
- 
642 
642 
On disposals
- 
(500)
(500)
At 30 November 2024
3,336 
2,030 
5,366 
Net book value
At 30 November 2024
- 
608 
608 
At 30 November 2023
- 
1,135 
1,135 
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Glotee Legal Limited Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
45 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,867 
- 
Other creditors
(1)
5,781 
Loans from directors
51,339 
5,244 
56,205 
11,025 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,940 
15,995 
Trade creditors
20,320 
11,540 
Other creditors
- 
1,435 
Loans from directors
- 
46,016 
30,260 
74,986 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000 
10,000 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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