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NI638827
2019-06-30
NI638827
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2019-06-30
NI638827
2018-06-30
NI638827
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NI638827
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NI638827
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NI638827
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NI638827
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2019-06-30
NI638827
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2018-07-01
2019-06-30
| Glide Design Services Limited |
| Registered Number:NI638827 |
For the year ended 30 June 2019
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 June 2019
Glide Design Services Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Glide Design Services Limited
Statement of Financial Position
2018
2019
| Property, plant and equipment |
51,097
49,815
2
51,097
49,815
| Trade and other receivables |
11,550
-
3
1,619
| Cash and cash equivalents |
85,513
85,513
13,169
| Trade and other payables: amounts falling due within one |
| year |
(20,924)
(85,798)
4
(7,755)
(285)
Net current liabilities
| Total assets less current liabilities |
50,812
42,060
| Trade and other payables: amounts falling due after more |
| than one year |
(20,886)
(10,539)
5
40,273
Net assets
21,174
1
1
40,272
21,173
40,273
21,174
Shareholders' funds
| For the year ended 30 June 2019 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 of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Stewart Megaw Director |
| These financial statements were approved and authorised for issue by the Board on 22 January 2020 and were signed by: |
| The notes form part of these financial statements |
1 of 3
4
For the year ended 30 June 2019
Glide Design Services Limited
Notes to the Financial Statements
Statutory Information
| Glide Design Services Limited is a private limited company, limited by shares, domiciled in Northern Ireland, |
| registration number NI638827. |
27 Drumgaw Road
Armagh
BT60 2AD
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
| modified by the revaluation of certain assets. |
| The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT. |
| Tangible fixed assets depreciation policy |
| The cost of tangible fixed assets is their purchase cost, together with any incidental expenses of acquisition. |
| Depreciation is calculated so as to write off the cost, or valuation of tangible fixed assets, over the expected useful |
| economic lives of the assets concerned. The principal annual rates used for this purpose are: |
| Fixtures and Fittings 20% Reducing balance basis |
| Motor Vehicles 20% Reducing balance basis |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor Vehicles
Furniture and Fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 3
5
For the year ended 30 June 2019
Glide Design Services Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor Vehicles
61,500
2,100
59,400
6,959
6,959
-
59,400
9,059
68,459
| Provision for depreciation and impairment |
11,685
399
11,286
Charge for year
5,677
866
4,811
17,362
1,265
16,097
43,303
7,794
51,097
48,114
1,701
49,815
| 3. Trade and other receivables |
2018
2019
-
11,550
| 4. Trade and other payables: amounts falling due within one year |
2018
2019
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
10,000
-
| Taxation and social security |
30,776
342
45,022
20,582
85,798
20,924
| 5. Trade and other payables: amounts falling due after more than one year |
2018
2019
10,539
20,886
3 of 3
