Registration number: NI629446

Glory Be Cafe Ltd

(Registration number: NI629446)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	82,318	74,652
Current assets
Stocks	5	3,995	3,995
Debtors	6	1,006	4,478
Cash at bank and in hand		10,822	2,194
		15,823	10,667
Creditors: due within one year	7	(100,560)	(78,695)
Net current liabilities		(84,737)	(68,028)
Total assets less current liabilities		(2,419)	6,624
Creditors: due after more than one year	8	(1,699)	(12,191)
Net liabilities		(4,118)	(5,567)
Capital and reserves
Called up share capital	9	1,000	1,000
Retained earnings		(5,118)	(6,567)
Shareholders' deficit		(4,118)	(5,567)

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Glory Be Cafe Ltd

(Registration number: NI629446)
Balance Sheet as at 31 March 2025

Approved and authorised by the director on 31 December 2025
 

......................................... Ms Julie Nicholl Director

Glory Be Cafe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 26-28 Broughshane Street, Ballymena, County Antrim, BT43 6EB.

These financial statements were authorised for issue by the director on 31 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Glory Be Cafe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	15% reducing balance basis
Motor vehicles	10% reducing balance basis

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 23 (2024 - 35).

Glory Be Cafe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	119,681	32,630	152,311
Additions	20,793	-	20,793
At 31 March 2025	140,474	32,630	173,104
Depreciation
At 1 April 2024	68,816	8,843	77,659
Charge for the year	10,748	2,379	13,127
At 31 March 2025	79,564	11,222	90,786
Carrying amount
At 31 March 2025	60,910	21,408	82,318
At 31 March 2024	50,865	23,787	74,652

5

Stocks

	2025 £	2024 £
Raw materials and consumables	3,995	3,995

6

Debtors

	2025 £	2024 £
Trade debtors	1,006	4,478
	1,006	4,478

Glory Be Cafe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7	Creditors: due within one year

	2025 £	2024 £
Loans and borrowings	10,493	10,206
Trade creditors	21,395	32,031
Taxation and social security	15,276	13,510
Accruals and deferred income	15,001	14,978
Other creditors	38,395	7,970
	100,560	78,695

8	Creditors: falling due after more than one year

	2025 £	2024 £
Bank borrowings	1,699	12,191