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COMPANY REGISTRATION NUMBER: 07568334

GLENN PURCELL LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

GLENN PURCELL LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

CURRENT ASSETS

Debtors | 6 | 24,601 |  | 12,290 |
Cash at bank and in hand | – |  | 516 |
| -------- |  | -------- |
| 24,601 |  | 12,806 |

CREDITORS: amounts falling due within one year | 7 | 23,567 |  | 15,654 |
| -------- |  | -------- |
NET CURRENT ASSETS/(LIABILITIES) |  | 1,034 |  | ( 2,848)
|  | ------- |  | -------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 1,034 |  | ( 2,848)
|  | ------- |  | -------
NET ASSETS/(LIABILITIES) |  | 1,034 |  | ( 2,848)
|  | ------- |  | -------

CAPITAL AND RESERVES

Called up share capital |  | 10 |  | 10
Profit and loss account |  | 1,024 |  | ( 2,858)
|  | ------- |  | -------
SHAREHOLDERS FUNDS/(DEFICIT) |  | 1,034 |  | ( 2,848)
|  | ------- |  | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 January 2026 , and are signed on behalf of the board by:

Mr G Purcell |
Director |

Company registration number: 07568334

GLENN PURCELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Queen Street, Thrapston, Kettering, Northamptonshire, NN14 4NR.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the director and creditors. On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Equipment | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. TANGIBLE ASSETS

| Computer equipment
| £
Cost |
At 1 April 2024 and 31 March 2025 | 520
| ----
Depreciation |
At 1 April 2024 and 31 March 2025 | 520
| ----
Carrying amount |
At 31 March 2025 | –
| ----
At 31 March 2024 | –
| ----

6. DEBTORS

| 2025 | 2024
| £ | £
Other debtors | 24,601 | 12,290
| -------- | --------

7. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 989 | –
Corporation tax | 16,448 | 8,569
Social security and other taxes | 5,005 | 5,005
Other creditors | 1,125 | 2,080
| -------- | --------
| 23,567 | 15,654
| -------- | --------

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the director | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr G Purcell | 12,290 | 57,566 | ( 45,255) | 24,601
|  | -------- | -------- | -------- | --------

| 2024
|  | Balance brought forward | Advances/ (credits) to the director | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr G Purcell | 10,383 | 1,907 | – | 12,290
|  | -------- | ------- | ---- | --------

Interest was charged at the official HMRC rate of 3.75%
9. GOING CONCERN
The director has considered the period to January 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.