GLX Advisory Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of GLX Advisory Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GLX Advisory Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at

http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of GLX Advisory Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of GLX Advisory Limited and state those matters that we have agreed to state to the directors of GLX Advisory Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GLX Advisory Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that GLX Advisory Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of GLX Advisory Limited . You consider that GLX Advisory Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of GLX Advisory Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

30/12/2025

GLX Advisory Limited

Chartered Accountants

69-75 Thorpe Road

Norwich

NR1 1UA

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GLX Advisory Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 05523915

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		94,305		104,312

			94,305		104,312
CURRENT ASSETS
Stocks	4	22,007		31,955
Debtors	5	1,029,002		1,218,978
Cash at bank and in hand		284,273		68,560

		1,335,282		1,319,493
Creditors: Amounts Falling Due Within One Year	6	(345,065 )		(184,490 )

NET CURRENT ASSETS (LIABILITIES)			990,217		1,135,003

TOTAL ASSETS LESS CURRENT LIABILITIES			1,084,522		1,239,315

Creditors: Amounts Falling Due After More Than One Year	7		(72,222 )		(124,889 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(23,576 )		-

NET ASSETS			988,724		1,114,426

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			988,524		1,114,226

SHAREHOLDERS' FUNDS			988,724		1,114,426

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GLX Advisory Limited

Balance Sheet (continued)

As At 31 March 2025

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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J Presland

Director

30/12/2025

The notes on pages 4 to 7 form part of these financial statements.

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GLX Advisory Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	12% straight line
Fixtures & Fittings	25% straight line

1.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

1.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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GLX Advisory Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

1.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2024: 15)

3. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	100,174	103,937	204,111
Additions	-	17,051	17,051
Disposals	-	(60,098 )	(60,098 )

As at 31 March 2025	100,174	60,890	161,064

Depreciation
As at 1 April 2024	12,021	87,778	99,799
Provided during the period	12,021	11,988	24,009
Disposals	-	(57,049 )	(57,049 )

As at 31 March 2025	24,042	42,717	66,759

Net Book Value
As at 31 March 2025	76,132	18,173	94,305

As at 1 April 2024	88,153	16,159	104,312

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GLX Advisory Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Stocks

	2025	2024
	£	£
Work in progress	22,007	31,955

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	134,045	121,797
Prepayments and accrued income	45,205	32,630
Other debtors	207,140	572,750
Directors' loan accounts	11,958	3,235
Amounts owed by group undertakings	630,654	488,566

	1,029,002	1,218,978

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	12,667	13,589
Trade creditors	83,570	41,149
Bank loans and overdrafts	40,000	40,000
Other taxes and social security	156,920	69,717
Net wages	2,544	1,174
Other creditors	29,814	12,959
Accruals and deferred income	19,550	5,902

	345,065	184,490

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	65,555	78,222
Bank loans	6,667	46,667

	72,222	124,889

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GLX Advisory Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	12,667	13,589
Later than one year and not later than five years	65,555	78,222

	78,222	91,811

	78,222	91,811

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Jack Presland	3,235	11,958	3,235	-	11,958

The above loan is unsecured, chargeable at the HMRC approved official rate of interest and repayable on demand.

11. Related Party Transactions

Included within debtors is an amount of £630,654 (2024 : £843,043) owing from group undertakings. The loan is unsecured, interest free and repayable on demand.

12. Ultimate Controlling Party

The company's immediate parent undertaking is GLX Group Limited, a company incorporated in England and Wales.

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