REGISTERED NUMBER: 03480630 (England and Wales)

Financial Statements for the Year Ended 1 March 2025

for

Gloryblaze Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Beaton

Mrs J A Beaton

REGISTERED OFFICE:

23 Woodland Road

Darlington

Co. Durham

DL3 7BJ

REGISTERED NUMBER:

03480630 (England and Wales)

ACCOUNTANTS:

Surge Accounting

23 Woodland Road

Darlington

Co. Durham

DL3 7BJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

813

1,097

813

1,097

CURRENT ASSETS

Stocks

8,724

7,994

Debtors

26,114

25,219

Cash at bank

12,776

6,956

47,614

40,169

CREDITORS

Amounts falling due within one year

23,299

22,612

NET CURRENT ASSETS

24,315

17,557

TOTAL ASSETS LESS CURRENT LIABILITIES

25,128

18,654

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

25,028

18,554

SHAREHOLDERS' FUNDS

25,128

18,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 March 2025 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 1 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

A Beaton - Director

1.	STATUTORY INFORMATION

Gloryblaze 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% 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.

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.

Hire purchase and leasing commitments

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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 2 March 2024

and 1 March 2025

3,000

AMORTISATION

At 2 March 2024

and 1 March 2025

3,000

NET BOOK VALUE

At 1 March 2025

-

At 1 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 2 March 2024

and 1 March 2025

9,692

DEPRECIATION

At 2 March 2024

8,595

Charge for year

284

At 1 March 2025

8,879

NET BOOK VALUE

At 1 March 2025

813

At 1 March 2024

1,097

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1.00

100

100