Gloworm Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08640104 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2018

FOR

GLOWORM SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O Wells

Mrs S Wells

REGISTERED OFFICE:

126 Weyhill Road

Andover

Hampshire

SP10 3BE

REGISTERED NUMBER:

08640104 (England and Wales)

ACCOUNTANT:

Richard Kyte Associates

Chartered Certified Accountant

126 Weyhill Road

Andover

Hampshire

SP10 3BE

FIXED ASSETS

Tangible assets

4

708

1,355

CURRENT ASSETS

Debtors

5

2,027

155

Cash at bank

3,192

4,024

5,219

4,179

CREDITORS

Amounts falling due within one year

6

5,220

3,597

NET CURRENT (LIABILITIES)/ASSETS

(1

)

582

TOTAL ASSETS LESS CURRENT LIABILITIES

707

1,937

PROVISIONS FOR LIABILITIES

7

135

265

NET ASSETS

572

1,672

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

571

1,671

SHAREHOLDERS' FUNDS

572

1,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 4 March 2019 and were signed on its behalf by:

O Wells - Director

1.	STATUTORY INFORMATION

Gloworm Solutions Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery

-

25% on cost

Computer equipment

-

33% on cost

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 September 2017

and 31 August 2018

2,588

665

3,253

DEPRECIATION

At 1 September 2017

1,234

664

1,898

Charge for year

647

-

647

At 31 August 2018

1,881

664

2,545

NET BOOK VALUE

At 31 August 2018

707

1

708

At 31 August 2017

1,354

1

1,355

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

1,940

-

Prepayments

87

155

2,027

155

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Tax

3,530

2,348

Social security and other taxes

179

99

Directors' current accounts

1,511

1,150

5,220

3,597

7.	PROVISIONS FOR LIABILITIES

31.8.18

31.8.17

£

£

Deferred tax

135

265

Deferred

tax

£

Balance at 1 September 2017

265

Utilised during year

(130

)

Balance at 31 August 2018

135

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

value:

£

£

1

Ordinary

1

1

1

9.

RESERVES

Retained

earnings

£

At 1 September 2017

1,671

Profit for the year

14,200

Dividends

(15,300

)

At 31 August 2018

571

10.	RELATED PARTY DISCLOSURES

The company was under the control of Mr O. Wells, the sole director, throughout the current period by virtue of his 100%

shareholding.