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FINANCIAL STATEMENTS |
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FOR THE PERIOD 31 JANUARY 2018 TO 31 JANUARY 2018 |
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GLOWMADE LTD |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE PERIOD 31 JANUARY 2018 TO 31 JANUARY 2018 |
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FOR |
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GLOWMADE LTD |
GLOWMADE LTD (REGISTERED NUMBER: 09655330) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 JANUARY 2018 TO 31 JANUARY 2018 |
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Company Information | 1 |
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Chartered Accountant's Report | 2 |
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Statement of Financial Position | 3 |
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Notes to the Financial Statements | 4 |
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GLOWMADE LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 31 JANUARY 2018 TO 31 JANUARY 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANT: |
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Suites 12-14 |
3rd Floor, Vantage Point |
New England Road |
Brighton |
East Sussex |
BN1 4GW |
CHARTERED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
GLOWMADE LTD |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary |
statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the |
financial statements of Glowmade Ltd for the period ended 31 January 2018 which comprise the Income Statement, |
Statement of Financial Position and the related notes from the company's accounting records and from information and |
explanations you have given me. |
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As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Glowmade Ltd, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Glowmade Ltd and state those matters that I have agreed to state to the Board of Directors of Glowmade Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Glowmade Ltd and its Board of Directors, as a body, for my work or for this report. |
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It is your duty to ensure that Glowmade Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Glowmade Ltd. You consider that Glowmade Ltd is exempt from the statutory audit requirement for the period. |
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I have not been instructed to carry out an audit or a review of the financial statements of Glowmade Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements. |
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Suites 12-14 |
3rd Floor, Vantage Point |
New England Road |
Brighton |
East Sussex |
BN1 4GW |
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Date: ............................................. |
GLOWMADE LTD (REGISTERED NUMBER: 09655330) |
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STATEMENT OF FINANCIAL POSITION |
31 JANUARY 2018 |
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31.1.18 | 30.1.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 | 13,233 | 1,459 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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GLOWMADE LTD (REGISTERED NUMBER: 09655330) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 JANUARY 2018 TO 31 JANUARY 2018 |
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1. | STATUTORY INFORMATION |
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Glowmade Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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TANGIBLE FIXED ASSETS |
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Fixtures and fittings | - |
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Computer equipment | - |
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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. |
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GOING CONCERN NOTE |
Total liabilities exceed current assets at the balance sheet date. The directors consider, however that the |
company has sufficient liquid assets, to meet its liabilities as and when they fall due, and that the company has |
sufficient support from its creditors. Accordingly the director considers that it is appropriate to prepare the |
accounts on a going concern basis. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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GLOWMADE LTD (REGISTERED NUMBER: 09655330) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 JANUARY 2018 TO 31 JANUARY 2018 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 31 January 2018 |
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Additions |
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Disposals |
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At 31 January 2018 |
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DEPRECIATION |
At 31 January 2018 |
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Charge for period |
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Eliminated on disposal |
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At 31 January 2018 |
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NET BOOK VALUE |
At 31 January 2018 |
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At 30 January 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 30.1.18 |
£ | £ |
Trade debtors |
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Other debtors |
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Tax |
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VAT |
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Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 30.1.18 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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VAT | - | 1,073 |
Accrued expenses |
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7. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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