REGISTERED NUMBER: 01601435 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

GLEVUM FINANCIAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C A Lutton

Mrs C R Lutton

SECRETARY:

Mrs C R Lutton

REGISTERED OFFICE:

c/o MGB Accountants - Suite 22

Trym Lodge, 1 Henbury Road

Westbury-on-Trym

Bristol

BS9 3HQ

REGISTERED NUMBER:

01601435 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville (Bristol) Limited

c/o MGB Accountants - Suite 22

Trym Lodge, 1 Henbury Road

Westbury-on-Trym

Bristol

BS9 3HQ

FIXED ASSETS

Tangible assets

4

293,531

306,018

Investments

5

50

50

293,581

306,068

CURRENT ASSETS

Debtors

6

88,656

93,069

Cash at bank

516,000

510,292

604,656

603,361

CREDITORS

Amounts falling due within one year

7

385,516

413,726

NET CURRENT ASSETS

219,140

189,635

TOTAL ASSETS LESS CURRENT LIABILITIES

512,721

495,703

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

512,621

495,603

SHAREHOLDERS' FUNDS

512,721

495,703

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

C A Lutton - Director

1.	STATUTORY INFORMATION

Glevum Financial Services 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.	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.

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.

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

No depreciation is provided on freehold land and property as the directors consider the market value to be at least equal to the cost.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

197,421

59,256

1,342

Additions

-

-

-

Disposals

-

-

-

At 31 December 2024

197,421

59,256

1,342

DEPRECIATION

At 1 January 2024

-

57,157

756

Charge for year

-

525

146

Eliminated on disposal

-

-

-

At 31 December 2024

-

57,682

902

NET BOOK VALUE

At 31 December 2024

197,421

1,574

440

At 31 December 2023

197,421

2,099

586

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

462,201

14,520

734,740

Additions

29,163

583

29,746

Disposals

(78,729

)

-

(78,729

)

At 31 December 2024

412,635

15,103

685,757

DEPRECIATION

At 1 January 2024

359,682

11,127

428,722

Charge for year

25,464

854

26,989

Eliminated on disposal

(63,485

)

-

(63,485

)

At 31 December 2024

321,661

11,981

392,226

NET BOOK VALUE

At 31 December 2024

90,974

3,122

293,531

At 31 December 2023

102,519

3,393

306,018

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 January 2024

354,137

Disposals

(61,259

)

At 31 December 2024

292,878

DEPRECIATION

At 1 January 2024

319,758

Charge for year

6,626

Eliminated on disposal

(53,385

)

At 31 December 2024

272,999

NET BOOK VALUE

At 31 December 2024

19,879

At 31 December 2023

34,379

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

50

NET BOOK VALUE

At 31 December 2024

50

At 31 December 2023

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,770

3,970

Other debtors

85,886

89,099

88,656

93,069

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

1,821

10,186

Trade creditors

544

8,917

Other creditors

383,151

394,623

385,516

413,726

8.	RELATED PARTY DISCLOSURES

Included within turnover is £11,925 (2023: £11,700) charged to Laser Alarms Limited (a company controlled by C A Lutton) for rent. The company also charged £11,700 (2023: £11,700) to Laser Alarms Limited for management fees and £17,480 (2023: £41,600) for vehicle leasing costs.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by C A Lutton and Mrs C R Lutton.