GLORY FIRST CLASS ENTERPRISES LIMITED

GLORY FIRST CLASS ENTERPRISES LIMITED

GLORY FIRST CLASS ENTERPRISES LIMITED - Company Information

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Company Registration No. 11853182 (England and Wales)
GLORY FIRST CLASS ENTERPRISES LIMITED Unaudited accounts for the year ended 29 February 2024
GLORY FIRST CLASS ENTERPRISES LIMITED Unaudited accounts Contents
Page
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GLORY FIRST CLASS ENTERPRISES LIMITED Company Information for the year ended 29 February 2024
Director
Atinuke Kola-Kuforiji
Company Number
11853182 (England and Wales)
Registered Office
24 Brownlow Road Croydon CR0 5JT England
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GLORY FIRST CLASS ENTERPRISES LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
400 
Current assets
Inventories
5,182 
4,082 
Debtors
5
- 
2,812 
Cash at bank and in hand
5,600 
1,886 
10,782 
8,780 
Creditors: amounts falling due within one year
6
(9,476)
(8,637)
Net current assets
1,306 
143 
Net assets
1,306 
543 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
306 
(457)
Shareholders' funds
1,306 
543 
For the year ending 29 February 2024 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 3 May 2024 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 29 February 2024
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 24 Brownlow Road, Croydon, CR0 5JT, 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 2023
1,000 
600 
1,600 
At 29 February 2024
1,000 
600 
1,600 
Depreciation
At 1 March 2023
750 
450 
1,200 
Charge for the year
250 
150 
400 
At 29 February 2024
1,000 
600 
1,600 
Net book value
At 29 February 2024
- 
- 
- 
At 28 February 2023
250 
150 
400 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,812 
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GLORY FIRST CLASS ENTERPRISES LIMITED Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
273 
- 
Loans from directors
9,203 
8,637 
9,476 
8,637 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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