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REGISTERED NUMBER: 05218738 (England and Wales)















H & A GLOVER LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023






H & A GLOVER LIMITED (REGISTERED NUMBER: 05218738)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


H & A GLOVER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: H C Glover
A M Glover





SECRETARY: H C Glover





REGISTERED OFFICE: Burlington House
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB





REGISTERED NUMBER: 05218738 (England and Wales)

H & A GLOVER LIMITED (REGISTERED NUMBER: 05218738)

BALANCE SHEET
31ST AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 901,118 901,595

CURRENT ASSETS
Stocks 5 418,697 405,117
Debtors 6 6,293 50,647
Cash at bank 83,904 141,019
508,894 596,783
CREDITORS
Amounts falling due within one year 7 392,942 386,839
NET CURRENT ASSETS 115,952 209,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,017,070

1,111,539

CREDITORS
Amounts falling due after more than one year 8 (375,000 ) (521,000 )

PROVISIONS FOR LIABILITIES (167 ) (224 )
NET ASSETS 641,903 590,315

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 641,901 590,313
SHAREHOLDERS' FUNDS 641,903 590,315

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th March 2024 and were signed on its behalf by:





H C Glover - Director


H & A GLOVER LIMITED (REGISTERED NUMBER: 05218738)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

H & A Glover 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.

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 equipment - 20% on reducing balance
Motor vehicles and digger - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

H & A GLOVER LIMITED (REGISTERED NUMBER: 05218738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
Freehold Plant and and
property equipment digger Totals
£    £    £    £   
COST
At 1st September 2022
and 31st August 2023 899,633 7,484 56,776 963,893
DEPRECIATION
At 1st September 2022 - 7,256 55,042 62,298
Charge for year - 44 433 477
At 31st August 2023 - 7,300 55,475 62,775
NET BOOK VALUE
At 31st August 2023 899,633 184 1,301 901,118
At 31st August 2022 899,633 228 1,734 901,595

5. STOCKS
31.8.23 31.8.22
£    £   
Work-in-progress 418,697 405,117

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors - 37,181
VAT 1,102 9,113
Prepayments 5,191 4,353
6,293 50,647

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 1,317 15,499
Tax 12,243 4,121
Social security and other taxes 223 1,100
Directors' current accounts 375,559 362,519
Accrued expenses 3,600 3,600
392,942 386,839

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans - 2-5 years 375,000 521,000

H & A GLOVER LIMITED (REGISTERED NUMBER: 05218738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 375,000 521,000

Debenture creating a fixed and floating charge over the assets and undertakings. Legal mortgage on 8 Perkins Close , Grimsby. Legal mortgage on 74 Cromwell Road, Grimsby. Legal mortgage on 13 Haycroft Street, Grimsby. Legal mortgage on top and bottom flat 192 Hainton Avenue, Grimsby. Legal mortgage on 99 Park Street, Cleethorpes. Legal mortgage on 14 Anderson Street, Grimsby. Legal mortgage on 11 Littlefield Lane, Grimsby. Legal mortgage on 14 Dunmow Street, Grimsby.

10. ULTIMATE CONTROLLING PARTY

Throughout the period the company was under the control of the directors who control directly 100% of the issued ordinary share capital.