Glebe Cottage Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05813651

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		135,598		116,295

			135,598		116,295
CURRENT ASSETS
Stocks	5	81,306		88,903
Debtors	6	69,381		120,433
Cash at bank and in hand		194,651		199,973

		345,338		409,309
Creditors: Amounts Falling Due Within One Year	7	(113,618 )		(132,564 )

NET CURRENT ASSETS (LIABILITIES)			231,720		276,745

TOTAL ASSETS LESS CURRENT LIABILITIES			367,318		393,040

PROVISIONS FOR LIABILITIES
Deferred Taxation			(19,091 )		(21,914 )

NET ASSETS			348,227		371,126

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			348,127		371,026

SHAREHOLDERS' FUNDS			348,227		371,126

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Glebe Cottage Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Susanna Morrish

Director

22/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Glebe Cottage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05813651 . The registered office is Riversdale, Ashburton Road, Totnes, Devon, TQ9 5JU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	on revaluation of assets
Plant & Machinery	15% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Glebe Cottage Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 October 2024	8,218	270,633	17,990	41,730	338,571
Additions	31,566	4,576	-	746	36,888

As at 30 September 2025	39,784	275,209	17,990	42,476	375,459

Depreciation
As at 1 October 2024	-	189,097	12,298	20,881	222,276
Provided during the period	-	12,923	1,423	3,239	17,585

As at 30 September 2025	-	202,020	13,721	24,120	239,861

Net Book Value
As at 30 September 2025	39,784	73,189	4,269	18,356	135,598

As at 1 October 2024	8,218	81,536	5,692	20,849	116,295

5. Stocks

	2025	2024
	£	£
Stock	81,306	88,903

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	69,381	120,433

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Glebe Cottage Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	17,643	12,934
Bank loans and overdrafts	-	174
Other creditors	50,644	62,287
Taxation and social security	45,331	57,169

	113,618	132,564

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Reserves

	Profit and Loss Account
	£
As at 1 October 2024	371,026
Profit for the year and total comprehensive income	58,611

Dividends paid	(81,510)

As at 30 September 2025	348,127

Retained

earnings

As at 1 October 2023 232,762

Profit after tax for the year 105,702

Dividends (60,000)

As at 30 September 2024 278,464

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