REGISTERED NUMBER: 02860780 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Glanford Electronics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G D Cowling

Mrs H Glew

SECRETARY:

Mrs H Glew

REGISTERED OFFICE:

Glanford House

Exmoor Avenue

Skippingdale Business Park

Scunthorpe

North Lincolnshire

DN15 8NJ

REGISTERED NUMBER:

02860780 (England and Wales)

FIXED ASSETS

Tangible assets

4

43,249

46,449

CURRENT ASSETS

Stocks

121,302

138,119

Debtors

5

73,901

87,049

Cash at bank and in hand

699,988

554,286

895,191

779,454

CREDITORS

Amounts falling due within one year

6

79,349

60,971

NET CURRENT ASSETS

815,842

718,483

TOTAL ASSETS LESS CURRENT LIABILITIES

859,091

764,932

PROVISIONS FOR LIABILITIES

10,575

10,386

NET ASSETS

848,516

754,546

CAPITAL AND RESERVES

Called up share capital

6

6

Capital redemption reserve

1

1

Retained earnings

848,509

754,539

SHAREHOLDERS' FUNDS

848,516

754,546

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2026 and were signed on its behalf by:

Mrs H Glew - Director

1.	STATUTORY INFORMATION

Glanford Electronics 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

37% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

3,818

177,473

37,045

26,197

244,533

Additions

-

150

-

9,406

9,556

Disposals

-

(10,209

)

-

(12,918

)

(23,127

)

At 31 October 2025

3,818

167,414

37,045

22,685

230,962

DEPRECIATION

At 1 November 2024

3,814

145,029

23,065

26,176

198,084

Charge for year

-

4,814

5,173

2,311

12,298

Eliminated on disposal

-

(9,763

)

-

(12,906

)

(22,669

)

At 31 October 2025

3,814

140,080

28,238

15,581

187,713

NET BOOK VALUE

At 31 October 2025

4

27,334

8,807

7,104

43,249

At 31 October 2024

4

32,444

13,980

21

46,449

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

67,905

81,057

Other debtors

5,996

5,992

73,901

87,049

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

6,025

2,977

Taxation and social security

68,389

52,963

Other creditors

4,935

5,031

79,349

60,971