GLORY FIRST CLASS ENTERPRISES LIMITED

GLORY FIRST CLASS ENTERPRISES LIMITED

GLORY FIRST CLASS ENTERPRISES LIMITED - Company Information

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1 March 2021 false No description of principal activity Taxfiler 2022.2 11853182business:PrivateLimitedCompanyLtd2021-03-012022-02-28 118531822021-02-28 118531822021-03-012022-02-28 11853182business:AuditExempt-NoAccountantsReport2021-03-012022-02-28 11853182business:FullAccounts2021-03-012022-02-28 118531822022-02-28 11853182business:Director12021-03-012022-02-28 11853182business:RegisteredOffice2021-03-012022-02-28 118531822021-02-28 11853182core:WithinOneYear2022-02-28 11853182core:WithinOneYear2021-02-28 11853182core:ShareCapital2022-02-28 11853182core:ShareCapital2021-02-28 11853182core:RetainedEarningsAccumulatedLosses2022-02-28 11853182core:RetainedEarningsAccumulatedLosses2021-02-28 11853182business:SmallEntities2021-03-012022-02-28 11853182countries:EnglandWales2021-03-012022-02-28 11853182core:PlantMachinery2021-03-012022-02-28 11853182core:FurnitureFittings2021-03-012022-02-28 11853182core:PlantMachinery2021-02-28 11853182core:FurnitureFittings2021-02-28 11853182core:PlantMachinery2022-02-28 11853182core:FurnitureFittings2022-02-28 118531822020-03-012021-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11853182 (England and Wales)
GLORY FIRST CLASS ENTERPRISES LIMITED Unaudited accounts for the year ended 28 February 2022
GLORY FIRST CLASS ENTERPRISES LIMITED Unaudited accounts Contents
Page
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GLORY FIRST CLASS ENTERPRISES LIMITED Company Information for the year ended 28 February 2022
Director
Atinuke Kola-Kuforiji
Company Number
11853182 (England and Wales)
Registered Office
79 Edmund Street London SE5 7NF England
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GLORY FIRST CLASS ENTERPRISES LIMITED Statement of financial position as at 28 February 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
800 
1,200 
Current assets
Inventories
4,000 
2,850 
Debtors
5
3,412 
5,270 
Cash at bank and in hand
3,514 
2,056 
10,926 
10,176 
Creditors: amounts falling due within one year
6
(8,572)
(9,101)
Net current assets
2,354 
1,075 
Net assets
3,154 
2,275 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
2,154 
1,275 
Shareholders' funds
3,154 
2,275 
For the year ending 28 February 2022 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 April 2022 and were signed on its behalf by
Atinuke Kola-Kuforiji Director Company Registration No. 11853182
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GLORY FIRST CLASS ENTERPRISES LIMITED Notes to the Accounts for the year ended 28 February 2022
1
Statutory information
GLORY FIRST CLASS ENTERPRISES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11853182. The registered office is 79 Edmund Street, London, SE5 7NF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Over their useful life of 4 years
Fixtures & fittings
Over their useful life of 4 years
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2021
1,000 
600 
1,600 
At 28 February 2022
1,000 
600 
1,600 
Depreciation
At 1 March 2021
250 
150 
400 
Charge for the year
250 
150 
400 
At 28 February 2022
500 
300 
800 
Net book value
At 28 February 2022
500 
300 
800 
At 28 February 2021
750 
450 
1,200 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
3,412 
5,270 
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GLORY FIRST CLASS ENTERPRISES LIMITED Notes to the Accounts for the year ended 28 February 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
457 
421 
Loans from directors
8,115 
8,680 
8,572 
9,101 
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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