Joy Gledhill Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04327214 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

JOY GLEDHILL LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

Mrs D J Gledhill

REGISTERED OFFICE:

Centre 1292

The Woollen Warehouse

South Church Side

Hull

E. Yorks

HU1 1RR

REGISTERED NUMBER:

04327214 (England and Wales)

ACCOUNTANTS:

Majors Limited

57 Spyvee Street

Hull

E. Yorks

HU8 7JJ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

39,368

36,866

39,368

36,866

CURRENT ASSETS

Stocks

10,349

11,584

Debtors

6

30,910

32,005

Cash at bank

46,726

44,942

87,985

88,531

CREDITORS

Amounts falling due within one year

7

57,083

50,178

NET CURRENT ASSETS

30,902

38,353

TOTAL ASSETS LESS CURRENT
LIABILITIES

70,270

75,219

CREDITORS

Amounts falling due after more than
one year

8

(6,109

)

(11,260

)

PROVISIONS FOR LIABILITIES

(3,262

)

(6,591

)

NET ASSETS

60,899

57,368

CAPITAL AND RESERVES

Called up share capital

302

Retained earnings

60,597

57,066

SHAREHOLDERS' FUNDS

60,899

57,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2025 and were signed by:

Mrs D J Gledhill - Director

1.	STATUTORY INFORMATION

Joy Gledhill 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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.

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 cost

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

10,000

AMORTISATION

At 1 April 2024

and 31 March 2025

10,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

134,643

1,162

3,543

18,605

157,953

Additions

-

19,400

-

19,400

Disposals

-

(3,543

)

-

(3,543

)

At 31 March 2025

134,643

1,162

19,400

18,605

173,810

DEPRECIATION

At 1 April 2024

99,367

1,162

3,543

17,015

121,087

Charge for year

11,418

-

4,850

630

16,898

Eliminated on disposal

-

(3,543

)

-

(3,543

)

At 31 March 2025

110,785

1,162

4,850

17,645

134,442

NET BOOK VALUE

At 31 March 2025

23,858

-

14,550

960

39,368

At 31 March 2024

35,276

-

1,590

36,866

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

19,589

20,784

Tax

6,226

Prepayments and accrued income

5,095

4,995

30,910

32,005

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

17,971

19,892

Tax

10,240

7,672

Social security and other taxes

4,977

2,618

VAT

3,744

3,272

Director's current account

16,801

13,374

Accrued expenses

3,350

57,083

50,178

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans - 1-2 years

6,109

11,260