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REGISTERED NUMBER: 07535950 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Grove Print & Packaging Ltd

Grove Print & Packaging Ltd (Registered number: 07535950)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grove Print & Packaging Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A J Butterfield
Miss K E Butterfield





REGISTERED OFFICE: 1 Red Lane Mill
Sunny Bank Mills
Town Street
Farsley
West Yorkshire
LS28 5UJ





REGISTERED NUMBER: 07535950 (England and Wales)





ACCOUNTANTS: Yorkshire Company Accountants Limited
Suite 12, East Wing
Jason House, Kerry Hill
Horsforth
Leeds
West Yorkshire
LS18 4JR

Grove Print & Packaging Ltd (Registered number: 07535950)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 58,679 59,656
58,679 59,656

CURRENT ASSETS
Stocks 43,000 45,000
Debtors 6 36,393 81,502
Cash at bank and in hand 183,858 269,865
263,251 396,367
CREDITORS
Amounts falling due within one year 7 71,028 161,517
NET CURRENT ASSETS 192,223 234,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,902

294,506

PROVISIONS FOR LIABILITIES 14,670 11,335
NET ASSETS 236,232 283,171

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 236,122 283,061
236,232 283,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Grove Print & Packaging Ltd (Registered number: 07535950)

Balance Sheet - continued
29 February 2024


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 2 September 2024 and were signed on its behalf by:





A J Butterfield - Director


Grove Print & Packaging Ltd (Registered number: 07535950)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Grove Print & Packaging 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, was amortised evenly over its estimated useful life. It is now fully amortised.

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.
Plant and machinery etc - 33% on cost, 20% on reducing balance and 15% 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.

Grove Print & Packaging Ltd (Registered number: 07535950)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 90,000
AMORTISATION
At 1 March 2023
and 29 February 2024 90,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 130,261
Additions 13,139
At 29 February 2024 143,400
DEPRECIATION
At 1 March 2023 70,605
Charge for year 14,116
At 29 February 2024 84,721
NET BOOK VALUE
At 29 February 2024 58,679
At 28 February 2023 59,656

Grove Print & Packaging Ltd (Registered number: 07535950)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 30,289 80,310
Other debtors 6,104 1,192
36,393 81,502

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 10,427 50,455
Taxation and social security 58,115 94,772
Other creditors 2,486 16,290
71,028 161,517

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £125,500 (2023 - £122,000) were paid to the directors .

Included in other creditors at the year end is an amount owed to the directors of £408 (2023 - £14,859).