REGISTERED NUMBER: 12708916 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

GLASS HALF FULL AGENCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T S J R Coates

E M Fulton

C I Purdy

REGISTERED OFFICE:

Northington House

Overton

Basingstoke

RG25 3DJ

REGISTERED NUMBER:

12708916 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

10,831

7,717

CURRENT ASSETS

Debtors

5

205,399

133,488

Cash at bank

184,001

29,045

389,400

162,533

CREDITORS

Amounts falling due within one year

6

188,827

107,362

NET CURRENT ASSETS

200,573

55,171

TOTAL ASSETS LESS CURRENT LIABILITIES

211,404

62,888

CREDITORS

Amounts falling due after more than one year

7

(100,000

)

-

PROVISIONS FOR LIABILITIES

(2,455

)

(1,466

)

NET ASSETS

108,949

61,422

CAPITAL AND RESERVES

Called up share capital

8

1,000

1

Retained earnings

107,949

61,421

SHAREHOLDERS' FUNDS

108,949

61,422

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 5th November 2025 and were signed on its behalf by:

T S J R Coates - Director

1.	STATUTORY INFORMATION

Glass Half Full Agency 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.

Plant and machinery etc

-

20% on reducing balance

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

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 11 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

11,122

Additions

7,724

Disposals

(2,292

)

At 31st December 2024

16,554

DEPRECIATION

At 1st January 2024

3,405

Charge for year

2,710

Eliminated on disposal

(392

)

At 31st December 2024

5,723

NET BOOK VALUE

At 31st December 2024

10,831

At 31st December 2023

7,717

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

146,431

106,357

Other debtors

58,968

27,131

205,399

133,488

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

62,932

41,154

Other creditors

125,895

66,208

188,827

107,362

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

100,000

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

NIL

Ordinary

£1

-

1

100,000

Ordinary 1p

1p

1,000

-

1,000

1

The following shares were issued during the year for cash at par :

99,900 Ordinary 1p shares of 1p

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

£

T S J R Coates

Balance outstanding at start of year

(4,464

)

(1,514

)

Amounts advanced

23,545

12,660

Amounts repaid

(11,396

)

(15,610

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,685

(4,464

)