Debi Gliori Limited - Accounts to registrar (filleted) - small 23.1.2

Debi Gliori Limited - Accounts to registrar (filleted) - small 23.1.2

DEBI GLIORI LIMITED - Company Information

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REGISTERED NUMBER: SC203352 (Scotland)




















Debi Gliori Limited

Unaudited Financial Statements

for the Year Ended 31 January 2023





Whitelaw Wells
The Lighthouse
Heugh Road
North Berwick
EH39 5PX








Debi Gliori Limited (Registered number: SC203352)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Debi Gliori Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: D Gliori





SECRETARY: M N Holton





REGISTERED OFFICE: 17 Letham Mains Holdings
Haddington
East Lothian
EH41 4NW





REGISTERED NUMBER: SC203352 (Scotland)





ACCOUNTANTS: Whitelaw Wells
The Lighthouse
Heugh Road
North Berwick
EH39 5PX
Page 1
Debi Gliori Limited (Registered number: SC203352)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109 289

CURRENT ASSETS
Cash at bank 58,049 26,419

CREDITORS
Amounts falling due within one year 5 34,096 17,671
NET CURRENT ASSETS 23,953 8,748
TOTAL ASSETS LESS CURRENT
LIABILITIES
24,062
9,037

PROVISIONS FOR LIABILITIES 21 55
NET ASSETS 24,041 8,982

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 4,201 4,201
Retained earnings 19,740 4,681
SHAREHOLDERS' FUNDS 24,041 8,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
Debi Gliori Limited (Registered number: SC203352)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 May 2023 and were signed by:





D Gliori - Director


The notes form part of these financial statements

Page 3
Debi Gliori Limited (Registered number: SC203352)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Debi Gliori Limited is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 from royalties and author visits, 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 etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future. The directors' going concern assessment includes the expected impact of COVID-19 to the company for a period of at least 12 months from the date of signing of these financial statements.

Page 4 continued...
Debi Gliori Limited (Registered number: SC203352)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Government grants
Government grants in relation to tangible fixed asset are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 12,166
DEPRECIATION
At 1 February 2022 11,877
Charge for year 180
At 31 January 2023 12,057
NET BOOK VALUE
At 31 January 2023 109
At 31 January 2022 289

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 40 -
Taxation and social security 12,961 5,645
Other creditors 21,095 12,026
34,096 17,671

Page 5