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REGISTERED NUMBER: 07663256 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

J A & D M GLOVER & SON LIMITED

J A & D M GLOVER & SON LIMITED (REGISTERED NUMBER: 07663256)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J A & D M GLOVER & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mrs D M Glover
M Glover





REGISTERED OFFICE: Park Lane Farm
Park Lane
High Offley
Staffordshire
ST20 0NB





REGISTERED NUMBER: 07663256 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

J A & D M GLOVER & SON LIMITED (REGISTERED NUMBER: 07663256)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,000 42,000
Tangible assets 5 527,592 358,693
569,592 400,693

CURRENT ASSETS
Stocks 330,000 300,000
Debtors 6 110,319 163,242
Cash at bank and in hand 11,630 8,560
451,949 471,802
CREDITORS
Amounts falling due within one year 7 608,300 620,856
NET CURRENT LIABILITIES (156,351 ) (149,054 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,241

251,639

CREDITORS
Amounts falling due after more than one
year

8

(159,177

)

(102,489

)

PROVISIONS FOR LIABILITIES (87,788 ) (55,796 )
NET ASSETS 166,276 93,354

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 166,266 93,344
SHAREHOLDERS' FUNDS 166,276 93,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

J A & D M GLOVER & SON LIMITED (REGISTERED NUMBER: 07663256)

BALANCE SHEET - continued
30 JUNE 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2024 and were signed on its behalf by:





M Glover - Director


J A & D M GLOVER & SON LIMITED (REGISTERED NUMBER: 07663256)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

J A & D M Glover & Son Limited 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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.
Freehold property - 2% straight line
Plant and machinery - 15% reducing balance
Motor vehicles - 15 - 25% 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 Profit and Loss Account, 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.

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.

J A & D M GLOVER & SON LIMITED (REGISTERED NUMBER: 07663256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. EMPLOYEES

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 42,000
NET BOOK VALUE
At 30 June 2023 42,000
At 30 June 2022 42,000

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2022 103,758 713,190 145,749 962,697
Additions - 125,910 128,000 253,910
Disposals - (51,192 ) (72,000 ) (123,192 )
At 30 June 2023 103,758 787,908 201,749 1,093,415
DEPRECIATION
At 1 July 2022 17,775 490,336 95,893 604,004
Charge for year 2,075 39,238 19,972 61,285
Eliminated on disposal - (44,552 ) (54,914 ) (99,466 )
At 30 June 2023 19,850 485,022 60,951 565,823
NET BOOK VALUE
At 30 June 2023 83,908 302,886 140,798 527,592
At 30 June 2022 85,983 222,854 49,856 358,693

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,812 141,837
Other debtors 47,507 21,405
110,319 163,242

J A & D M GLOVER & SON LIMITED (REGISTERED NUMBER: 07663256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,093
Hire purchase contracts (see note 9) 58,983 32,906
Trade creditors 170,668 145,904
Other creditors 373,093 436,953
608,300 620,856

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 34,722 40,741
Hire purchase contracts (see note 9) 124,455 61,748
159,177 102,489

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 58,983 32,906
Between one and five years 124,455 61,748
183,438 94,654

Non-cancellable operating leases
2023 2022
£    £   
Within one year 14,940 14,940

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have a given a personal guarantee of £120,000 in respect of the overdraft facility.