Glenfield Energy Solutions Ltd

Registered number

11151455

Filleted Accounts

31 January 2026

Glenfield Energy Solutions Ltd
Registered number:		11151455
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		39,779			7,491
			39,779			7,491

Current assets
Stocks		20,665			21,515
Debtors	4	258,383			274,584
Cash at bank and in hand		384,494			293,423
		663,542			589,522

Creditors: amounts falling due within one year	5	(312,860)			(299,861)

Net current assets			350,682			289,661

Total assets less current liabilities			390,461			297,152

Creditors: amounts falling due after more than one year	6		-			(4,555)

Provisions for liabilities			(3,040)			(1,873)


Net assets			387,421			290,724

Capital and reserves
Called up share capital			100			100
Profit and loss account			387,321			290,624

Shareholders' funds			387,421			290,724

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Kevin Glendinning
Director
Approved by the board on 22 September 2026

Glenfield Energy Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery		over 5 years
	Fixtures, fittings, tools and equipment		over 5 years
	Leasehold improvements		over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



2	Employees				2026		2025
Number						Number

	Average number of persons employed by the company				11		12


3	Tangible fixed assets
		Leasehold Improvements	Plant and machinery etc		Motor vehicles		Total
£				£		£
	Cost
	At 1 February 2025	-	33,827		-		33,827
	Additions	16,200	12,113		15,592		43,905
	Disposals	-	-		-		-
	At 31 January 2026	16,200	45,940		15,592		77,732

	Depreciation
	At 1 February 2025	-	26,336		-		26,336
	Charge for the year	3,240	5,259		3,118		11,617
	On disposals	-	-		-		-
	At 31 January 2026	3,240	31,595		3,118		37,953

	Net book value
	At 31 January 2026	12,960	14,345		12,474		39,779
	At 31 January 2025	-	7,491		-		7,491



4	Debtors				2026		2025
£						£

	Trade debtors				239,731		268,366
	Other debtors				18,652		6,218
					258,383		274,584

	Amounts due after more than one year included above				-		-


5	Creditors: amounts falling due within one year				2026		2025
£						£

	Bank loans and overdrafts				4,193		10,000
	Trade creditors				149,113		181,784
	Taxation and social security costs				130,400		93,607
	Other creditors				29,154		14,470
					312,860		299,861


6	Creditors: amounts falling due after one year				2026		2025
£						£

	Bank loans				-		4,555
					-		4,555


7	Other information

	Glenfield Energy Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	BizSpace, Amber Court
	Suite G40
	William Armstrong Drive
	Newcastle upon Tyne
	NE4 7YA