GLOWBAR SUPPLIES & POWER TOOLS LIMITED

Company Information
for the year from 1 January 2024 to 31 December 2024


Company Secretary	BARROW, David


Registered Number	04100791 (England and Wales)

Balance Sheet as at
31 December 2024

	2024 £	2023 £

Fixed Assets	21,863	29,150

Current Assets	300,838	400,035
Prepayments and accrued income	1,902	-
Creditors amounts falling due within one year	(206,636)	(247,863)
Net current assets (liabilities)	96,104	152,172

Total assets less current liabilities	117,967	181,322

Creditors amounts falling due after one year	(62,000)	(55,328)
Accruals and deferred income	(32,388)	(21,500)
Net assets (liabilities)	23,579	104,494
Capital and reserves	23,579	104,494

The company is a private company limited by shares and registered in England and Wales. It 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Average number of employees
The average number of persons employed by the company in the period was 9 (previous period: 10).
Contingent Liabilities
During the year, the company identified that VAT had been underdeclared in prior periods. The matter has been brought to the attention of Directors, but at the date of approval of these financial statements, the final outcome remains uncertain. Based on current information, the potential liability is estimated to be around £44k, although the actual liability may differ depending on HMRC’s review and any penalties or interest that may be applied. Accordingly, no provision has been recognised in these financial statements.

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

BARROW, David
Director
Registered Company No. 04100791