Company Registration No. 05346965 (England and Wales)
Glendale Motor Company Limited
Unaudited accounts
for the year ended 31 March 2025
Glendale Motor Company Limited
Unaudited accounts
Contents
Glendale Motor Company Limited
Company Information
for the year ended 31 March 2025
Company Number
05346965 (England and Wales)
Registered Office
109 Newbiggin Road
Ashington
NE63 0TQ
Accountants
Checkbook Accountancy Limited
46-47 The Square
Guidepost
Choppington
Northumberland
NE62 5BY
Glendale Motor Company Limited
Statement of financial position
as at 31 March 2025
Tangible assets
16,477
20,264
Investment property
200,000
250,000
Inventories
102,689
228,875
Cash at bank and in hand
353,765
121,542
Creditors: amounts falling due within one year
(112,816)
(85,437)
Net current assets
341,198
272,393
Total assets less current liabilities
557,675
542,657
Creditors: amounts falling due after more than one year
(11,667)
(19,096)
Net assets
546,008
523,561
Called up share capital
100
100
Profit and loss account
545,908
523,461
Shareholders' funds
546,008
523,561
For the year ending 31 March 2025 the company 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 December 2025 and were signed on its behalf by
Mr Mark Elliott
Director
Company Registration No. 05346965
Glendale Motor Company Limited
Notes to the Accounts
for the year ended 31 March 2025
Glendale Motor Company Limited is a private company, limited by shares, registered in England and Wales, registration number 05346965. The registered office is 109 Newbiggin Road, Ashington, NE63 0TQ.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% RB
Other tangible fixed assets
20% RB
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Tangible fixed assets
Total
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Average number of employees
During the year the average number of employees was 1 (2024: 1).