REGISTERED NUMBER: 02831371 (England and Wales)

GLEBE MARKETING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

R J Flower

Ms J M Flower

SECRETARY:

R J Flower

REGISTERED OFFICE:

14 All Saints Street

Stamford

Lincolnshire

PE9 2PA

REGISTERED NUMBER:

02831371 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 All Saints Street

Stamford

Lincolnshire

PE9 2PA

FIXED ASSETS

Intangible assets

4

1

1

Property, plant and equipment

5

68,413

71,304

68,414

71,305

CURRENT ASSETS

Inventories

172,164

166,791

Debtors

6

134,444

139,708

Cash at bank and in hand

163,973

215,201

470,581

521,700

CREDITORS

Amounts falling due within one year

7

120,419

140,048

NET CURRENT ASSETS

350,162

381,652

TOTAL ASSETS LESS CURRENT LIABILITIES

418,576

452,957

CREDITORS

Amounts falling due after more than one year

8

-

(13,820

)

PROVISIONS FOR LIABILITIES

(3,991

)

(3,770

)

NET ASSETS

414,585

435,367

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

414,485

435,267

SHAREHOLDERS' FUNDS

414,585

435,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

R J Flower - Director

Ms J M Flower - Director

1.	STATUTORY INFORMATION

Glebe Marketing 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Goodwill, being an amount paid in connection with the purchase of a business in 1998, is shown in the balance sheet at cost. The directors adopted this accounting policy in order to provide a true and fair view as they do not believe the value of the goodwill will fall below cost so long as the company continues to trade.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

5% on cost and 2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost and 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories

Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

1

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

29,299

100,437

10,035

Additions

-

8,944

-

At 31 December 2025

29,299

109,381

10,035

DEPRECIATION

At 1 January 2025

3,226

80,380

7,635

Charge for year

1,420

5,800

479

At 31 December 2025

4,646

86,180

8,114

NET BOOK VALUE

At 31 December 2025

24,653

23,201

1,921

At 31 December 2024

26,073

20,057

2,400

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

27,874

66,267

233,912

Additions

-

2,063

11,007

At 31 December 2025

27,874

68,330

244,919

DEPRECIATION

At 1 January 2025

6,970

64,397

162,608

Charge for year

5,226

973

13,898

At 31 December 2025

12,196

65,370

176,506

NET BOOK VALUE

At 31 December 2025

15,678

2,960

68,413

At 31 December 2024

20,904

1,870

71,304

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

111,678

121,041

Other debtors

5,761

4,015

Prepayments and accrued income

17,005

14,652

134,444

139,708

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,623

10,261

Hire purchase contracts

4,192

12,988

Trade creditors

55,806

31,441

Amounts owed to group undertakings

41,563

67,708

Corporation tax

1,071

7,617

Other taxes and social security

1,663

1,539

Other creditors

149

586

Accrued expenses

6,352

7,908

120,419

140,048

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

9,628

Hire purchase contracts

-

4,192

-

13,820

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

9,623

19,889

Hire purchase contracts

4,192

17,180

13,815

37,069

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loans to directors are interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parent company is Glebe Holdings (Auriga) Limited, a company registered in the UK. The companies registration number is 09906010.