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REGISTERED NUMBER: 00482429 (England and Wales)














R. GLOVER ASCROFT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






R. GLOVER ASCROFT LTD (REGISTERED NUMBER: 00482429)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


R. GLOVER ASCROFT LTD

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2023







DIRECTORS: R J Cox
L A Cox
Mrs D M Cox





SECRETARY: R J Cox





REGISTERED OFFICE: 157 Ordnance Road
Enfield
EN3 6AW





REGISTERED NUMBER: 00482429 (England and Wales)





ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH

R. GLOVER ASCROFT LTD (REGISTERED NUMBER: 00482429)

ABRIDGED BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,400 20,827
Investments 5 2,754 100
19,154 20,927

CURRENT ASSETS
Stocks 88,660 131,616
Debtors 89,114 90,516
Cash at bank and in hand 213,347 197,319
391,121 419,451
CREDITORS
Amounts falling due within one year 162,515 160,493
NET CURRENT ASSETS 228,606 258,958
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,760

279,885

CREDITORS
Amounts falling due after more than one year 32,304 44,304
NET ASSETS 215,456 235,581

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 214,456 234,581
SHAREHOLDERS' FUNDS 215,456 235,581

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

R. GLOVER ASCROFT LTD (REGISTERED NUMBER: 00482429)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 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 and authorised for issue on 27 November 2023 and were signed on its behalf by:





R J Cox - Director


R. GLOVER ASCROFT LTD (REGISTERED NUMBER: 00482429)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2023

1. STATUTORY INFORMATION

R. Glover Ascroft 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 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, 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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

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 12 (2022 - 12 ) .

R. GLOVER ASCROFT LTD (REGISTERED NUMBER: 00482429)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 135,787
Additions 1,040
At 31 August 2023 136,827
DEPRECIATION
At 1 September 2022 114,960
Charge for year 5,467
At 31 August 2023 120,427
NET BOOK VALUE
At 31 August 2023 16,400
At 31 August 2022 20,827

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 September 2022 100
Additions 2,654
At 31 August 2023 2,754
NET BOOK VALUE
At 31 August 2023 2,754
At 31 August 2022 100