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REGISTERED NUMBER: 09172493 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GLACOM UK LIMITED

GLACOM UK LIMITED (REGISTERED NUMBER: 09172493)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

GLACOM UK LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2024

| DIRECTOR: | D Dibitonto

| REGISTERED OFFICE: | 115c Milton Road

| Cambridge

| CB4 1XE

| REGISTERED NUMBER: | 09172493 (England and Wales)

| ACCOUNTANTS: | Prentis & Co LLP

| Chartered Accountants

| 115c Milton Road

| Cambridge

| CB4 1XE

GLACOM UK LIMITED (REGISTERED NUMBER: 09172493)

BALANCE SHEET

31 AUGUST 2024

| 2024 |  | 2023

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 4,627 |  | 251,436 |  |

Cash at bank | 1,800 |  | 28 |  |

6,427 |  | 251,464 |  |

CREDITORS

Amounts falling due within one year | 5 | 7,313 |  | 218,254 |  |

NET CURRENT (LIABILITIES)/ASSETS | (886 | ) | 33,210 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (886 | ) | 33,210 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | (887 | ) | 33,209 |  |

SHAREHOLDERS' FUNDS | (886 | ) | 33,210 |  |

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

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

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 November 2025 and were signed by:

D Dibitonto - Director

GLACOM UK LIMITED (REGISTERED NUMBER: 09172493)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

1. | STATUTORY INFORMATION

| Glacom UK 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st August 2024 the company's current liabilities exceeded its current assets by £886 and total liabilities of the company were £7,313. The company is reliant upon the continued support of its director, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided, as necessary, to enable the company to continue as a going concern.

| Turnover

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

| Taxation

| Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current 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.

| Foreign currencies

| 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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 2,173 |  | 251,436 |  |

| Tax | 2,454 |  | - |  |

4,627 |  | 251,436 |  |

GLACOM UK LIMITED (REGISTERED NUMBER: 09172493)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2024

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Tax | - |  | 2,454 |  |

| Director's current account | 6,363 |  | 9,653 |  |

| Accruals and deferred income | 950 |  | 206,147 |  |

7,313 |  | 218,254 |  |

6. | RELATED PARTY DISCLOSURES

| The director received £55,106 for consultancy work in the year (2023: £10,673).

| F Dibitonto, the father of the director, invoiced the company £68,276 for consultancy work and marketing (2023: £95,548). At the year end the company owed nil (2023: £132,658).

| D Dibitonto, a relation of the director, invoiced the company £10,274 for consultancy work and marketing (2023: £1,709).

| Global Accelerationist TM, a company controlled by the director invoiced the company £72,205 for consultancy work and marketing (2023: £nil) . At the year end the company owed nil (2023: £66,415).

| Glacom Estonia, a company controlled by the director, was invoiced £60,540 for web marketing (2023: £73,597). At the year the company owed nil (2023: £39,155).

| Glacom France, a company controlled by the director, owed the company nil at the year end (2023 £5,991).

7. | ULTIMATE CONTROLLING PARTY

| The controlling party is D Dibitonto.