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Company Registration No. 03647778 (England and Wales)
Glenvale Packaging Limited Unaudited accounts for the year ended 30 April 2025
Glenvale Packaging Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Glenvale Packaging Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,690
-
Current assets
Debtors
5
132,815
117,267
Cash at bank and in hand
352,551
459,437
485,366
576,704
Creditors: amounts falling due within one year
6
(40,837)
(103,481)
Net current assets
444,529
473,223
Net assets
446,219
473,223
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
446,217
473,221
Shareholders' funds
446,219
473,223
For the year ending 30 April 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by
G.R. Coleman Director Company Registration No. 03647778
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Glenvale Packaging Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Glenvale Packaging Limited is a private company, limited by shares, registered in England and Wales, registration number 03647778. The registered office is The Granary, Ashbourne Road, Church Broughton, Derby, Derbyshire, DE65 5AT, England.
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 is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of the business, and is shown net of Value Added Tax and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
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Glenvale Packaging Limited Notes to the Accounts for the year ended 30 April 2025
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 May 2024
-
Additions
1,803
At 30 April 2025
1,803
Depreciation
Charge for the year
113
At 30 April 2025
113
Net book value
At 30 April 2025
1,690
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
132,815
117,267
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
11,493
37,838
Taxes and social security
2,856
60,795
Other creditors
386
3,898
Accruals
1,350
950
Deferred income
24,752
-
40,837
103,481
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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