GLG Development And Maintenance Limited - Accounts to registrar (filleted)

GLG DEVELOPMENT AND MAINTENANCE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Ashton

R J Pickering

REGISTERED OFFICE:

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

REGISTERED NUMBER:

14752598 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

FIXED ASSETS

Intangible assets

4

4,800

5,400

Tangible assets

5

90,635

45,144

95,435

50,544

CURRENT ASSETS

Debtors

6

335,099

60,483

Cash at bank

144,319

86,924

479,418

147,407

CREDITORS

Amounts falling due within one year

7

228,260

66,803

NET CURRENT ASSETS

251,158

80,604

TOTAL ASSETS LESS CURRENT LIABILITIES

346,593

131,148

PROVISIONS FOR LIABILITIES

9

16,300

10,600

NET ASSETS

330,293

120,548

CAPITAL AND RESERVES

Called up share capital

10

20

Retained earnings

330,273

120,528

SHAREHOLDERS' FUNDS

330,293

120,548

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 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 23 December 2025 and were signed on its behalf by:

N Ashton - Director

1.	STATUTORY INFORMATION

Glg Development And Maintenance 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.

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 2023, is being amortised evenly over its estimated useful life of ten 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

6,000

AMORTISATION

At 1 April 2024

600

Charge for year

600

At 31 March 2025

1,200

NET BOOK VALUE

At 31 March 2025

4,800

At 31 March 2024

5,400

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

2,138

-

41,186

3,184

46,508

Additions

1,050

1,035

52,870

2,537

57,492

At 31 March 2025

3,188

1,035

94,056

5,721

104,000

DEPRECIATION

At 1 April 2024

334

-

714

316

1,364

Charge for year

503

158

10,551

789

12,001

At 31 March 2025

837

158

11,265

1,105

13,365

NET BOOK VALUE

At 31 March 2025

2,351

877

82,791

4,616

90,635

At 31 March 2024

1,804

-

40,472

2,868

45,144

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

17,460

-

Other debtors

317,639

60,483

335,099

60,483

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

70,868

5,144

Taxation and social security

152,832

29,811

Other creditors

4,560

31,848

228,260

66,803

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

10,884

-

Between one and five years

21,768

-

32,652

-

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

16,300

10,600

Deferred

tax

£

Balance at 1 April 2024

10,600

Provided during year

5,700

Balance at 31 March 2025

16,300

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

10

Ordinary A Shares

1

10

Ordinary B Shares

1

10

20

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Balance outstanding at start of year

(26,102

)

-

Amounts advanced

348,111

96,546

Amounts repaid

(148,963

)

(122,648

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

173,046

(26,102

)

Interest is charged at HMRC approved rates, the interest charged and included in the accounts amounted to £1,184 (2024: £Nil).