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REGISTERED NUMBER: 08045663 (England and Wales)












J R GLENN & DAUGHTERS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018






J R GLENN & DAUGHTERS LTD (REGISTERED NUMBER: 08045663)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


J R GLENN & DAUGHTERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2018







DIRECTORS: J R Glenn
Mrs C J Glenn





REGISTERED OFFICE: The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA





REGISTERED NUMBER: 08045663 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

J R GLENN & DAUGHTERS LTD (REGISTERED NUMBER: 08045663)

ABRIDGED BALANCE SHEET
30 APRIL 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,206 49,008
Tangible assets 5 139,507 159,598
178,713 208,606

CURRENT ASSETS
Stocks 24,000 12,000
Debtors 31,466 18,562
Cash at bank and in hand 15,523 8,688
70,989 39,250
CREDITORS
Amounts falling due within one year 182,407 176,570
NET CURRENT LIABILITIES (111,418 ) (137,320 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,295

71,286

CREDITORS
Amounts falling due after more than one
year

(61,630

)

(79,546

)

PROVISIONS FOR LIABILITIES (5,556 ) (9,701 )
NET ASSETS/(LIABILITIES) 109 (17,961 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 (18,061 )
SHAREHOLDERS' FUNDS 109 (17,961 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J R GLENN & DAUGHTERS LTD (REGISTERED NUMBER: 08045663)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2018


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 24 October 2018 and were signed on its behalf by:





J R Glenn - Director


J R GLENN & DAUGHTERS LTD (REGISTERED NUMBER: 08045663)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018


1. STATUTORY INFORMATION

J R Glenn & Daughters 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

J R GLENN & DAUGHTERS LTD (REGISTERED NUMBER: 08045663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2017
and 30 April 2018 98,018
AMORTISATION
At 1 May 2017 49,010
Amortisation for year 9,802
At 30 April 2018 58,812
NET BOOK VALUE

At 30 April 2018 39,206
At 30 April 2017 49,008

J R GLENN & DAUGHTERS LTD (REGISTERED NUMBER: 08045663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2017 212,216
Additions 15,000
Disposals (6,750 )
Reclassification/transfer (12,146 )
At 30 April 2018 208,320
DEPRECIATION
At 1 May 2017 52,618
Charge for year 32,244
Eliminated on disposal (3,903 )
Reclassification/transfer (12,146 )
At 30 April 2018 68,813
NET BOOK VALUE
At 30 April 2018 139,507
At 30 April 2017 159,598

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 May 2017 125,186
Additions 15,000
At 30 April 2018 140,186
DEPRECIATION
At 1 May 2017 24,164
Charge for year 29,005
At 30 April 2018 53,169
NET BOOK VALUE
At 30 April 2018 87,017
At 30 April 2017 101,022

J R GLENN & DAUGHTERS LTD (REGISTERED NUMBER: 08045663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018


6. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank overdraft 11,768 -
Hire purchase contracts 91,109 105,275
102,877 105,275