REGISTERED NUMBER: 05232769 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

The Glowhouse Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G N Copnall

REGISTERED OFFICE:

135A Clydesdale Place

Leyland

Preston

Lancashire

PR26 7QS

REGISTERED NUMBER:

05232769 (England and Wales)

ACCOUNTANTS:

CCW Limited

Chartered Accountants

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

312,681

258,313

312,681

258,313

CURRENT ASSETS

Stocks

756,041

777,582

Debtors

6

120,014

232,757

Cash at bank

592,409

321,388

1,468,464

1,331,727

CREDITORS

Amounts falling due within one year

7

748,481

514,352

NET CURRENT ASSETS

719,983

817,375

TOTAL ASSETS LESS CURRENT LIABILITIES

1,032,664

1,075,688

PROVISIONS FOR LIABILITIES

6,995

15,658

NET ASSETS

1,025,669

1,060,030

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,025,569

1,059,930

1,025,669

1,060,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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:

Mr G N Copnall - Director

1.	STATUTORY INFORMATION

The Glowhouse 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

Acquired goodwill has been fully amortised.

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.

Long leasehold

-

over period of lease

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

6,667

AMORTISATION

At 1 July 2024

and 30 June 2025

6,667

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

215,185

226,133

-

48,188

489,506

Additions

44,818

-

77,990

404

123,212

At 30 June 2025

260,003

226,133

77,990

48,592

612,718

DEPRECIATION

At 1 July 2024

26,757

161,177

-

43,259

231,193

Charge for year

19,411

46,152

641

2,640

68,844

At 30 June 2025

46,168

207,329

641

45,899

300,037

NET BOOK VALUE

At 30 June 2025

213,835

18,804

77,349

2,693

312,681

At 30 June 2024

188,428

64,956

-

4,929

258,313

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

106,606

223,053

Other debtors

13,408

9,704

120,014

232,757

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

63,150

104,935

Amounts owed to group undertakings

330,305

59,407

Taxation and social security

329,524

336,878

Other creditors

25,502

13,132

748,481

514,352

8.	ULTIMATE CONTROLLING PARTY

The parent company of The Glowhouse Limited is The Glowhouse Holding Limited and its registered office is 135a Clydesdale Place, Moss Side Industrial Estate, Leyland, Lancashire, United Kingdom, PR26 7QS.