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COMPANY REGISTRATION NUMBER: 11965408

GLC Projects Ltd

Filleted Unaudited Financial Statements

28 April 2025

GLC Projects Ltd

Statement of Financial Position

28 April 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 332,704 | 207,978

Current assets

Debtors | 6 | 364,709 |  | 180,426
Cash at bank and in hand | 346,559 |  | 349,857
| --------- |  | ---------
| 711,268 |  | 530,283

Creditors: amounts falling due within one year | 7 | 236,290 |  | 321,743
| --------- |  | ---------
Net current assets |  | 474,978 | 208,540
|  | --------- | ---------
Total assets less current liabilities |  | 807,682 | 416,518

Creditors: amounts falling due after more than one year | 8 |  | 356,028 | 132,541
|  | --------- | ---------
Net assets |  | 451,654 | 283,977
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 1 | 1
Profit and loss account |  | 451,653 | 283,976
|  | --------- | ---------
Shareholder funds |  | 451,654 | 283,977
|  | --------- | ---------

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 28 April 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 member has 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 .

GLC Projects Ltd

Statement of Financial Position (continued)

28 April 2025
These financial statements were approved by the board of directors and authorised for issue on 23 January 2026 , and are signed on behalf of the board by:

Mr G L Cochrane |
Director |

Company registration number: 11965408

GLC Projects Ltd

Notes to the Financial Statements

Year ended 28 April 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 The Manor House, West End, Sedgefield, Co Durham, TS21 2BW.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:

| Fixtures & Fittings | - | 20% straight line
| Motor Vehicles | - | 25% straight line

Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2024: 9 ).
5. Tangible assets

| Fixtures and fittings | Motor vehicles | Total
| £ | £ | £
Cost |  |  |
At 29 April 2024 | 9,674 | 252,890 | 262,564
Additions | 1,738 | 208,550 | 210,288
Disposals | – | ( 16,950) | ( 16,950)
| -------- | --------- | ---------
At 28 April 2025 | 11,412 | 444,490 | 455,902
| -------- | --------- | ---------
Depreciation |  |  |
At 29 April 2024 | 3,344 | 51,242 | 54,586
Charge for the year | 1,985 | 72,716 | 74,701
Disposals | – | ( 6,089) | ( 6,089)
| -------- | --------- | ---------
At 28 April 2025 | 5,329 | 117,869 | 123,198
| -------- | --------- | ---------
Carrying amount |  |  |
At 28 April 2025 | 6,083 | 326,621 | 332,704
| -------- | --------- | ---------
At 28 April 2024 | 6,330 | 201,648 | 207,978
| -------- | --------- | ---------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 97,118 | 165,004
Other debtors | 267,591 | 15,422
| --------- | ---------
| 364,709 | 180,426
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 2,861 | 28,401
Corporation tax | 29,918 | 19,534
Social security and other taxes | 82,747 | 149,087
Pensions Payable | 2,241 | 16,749
Other creditors | 118,523 | 107,972
| --------- | ---------
| 236,290 | 321,743
| --------- | ---------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 150,403 | 13,000
Other creditors | 205,625 | 119,541
| --------- | ---------
| 356,028 | 132,541
| --------- | ---------