Gloworm Solutions Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08640104 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

GLOWORM SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

O 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

1,355

1,295

CURRENT ASSETS

Debtors

5

155

2,977

Cash at bank

4,024

5,709

4,179

8,686

CREDITORS

Amounts falling due within one year

6

3,597

3,714

NET CURRENT ASSETS

582

4,972

TOTAL ASSETS LESS CURRENT LIABILITIES

1,937

6,267

PROVISIONS FOR LIABILITIES

7

265

-

NET ASSETS

1,672

6,267

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

1,671

6,266

SHAREHOLDERS' FUNDS

1,672

6,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23 October 2017 and were signed 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 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 September 2016

1,846

665

2,511

Additions

742

-

742

At 31 August 2017

2,588

665

3,253

DEPRECIATION

At 1 September 2016

651

565

1,216

Charge for year

583

99

682

At 31 August 2017

1,234

664

1,898

NET BOOK VALUE

At 31 August 2017

1,354

1

1,355

At 31 August 2016

1,195

100

1,295

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

-

2,842

Prepayments

155

135

155

2,977

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Tax

2,348

2,826

Social security and other taxes

99

94

Directors' current accounts

1,150

794

3,597

3,714

7.	PROVISIONS FOR LIABILITIES

31.8.17

31.8.16

£

£

Deferred tax

265

-

Deferred

tax

£

Provided during year

265

Balance at 31 August 2017

265

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.17

31.8.16

value:

£

£

1

Ordinary

1

1

1

9.

RESERVES

Retained

earnings

£

At 1 September 2016

6,266

Profit for the year

9,105

Dividends

(13,700

)

At 31 August 2017

1,671

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £13,700 were paid to the director .

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

shareholding.