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REGISTERED NUMBER: 04564763 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st July 2024

for

Gleve Engineering Limited

Gleve Engineering Limited (Registered number: 04564763)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gleve Engineering Limited

Company Information
for the Year Ended 31st July 2024







DIRECTORS: Mrs J Robinson
B Robinson





SECRETARY: Mrs J Robinson





REGISTERED OFFICE: Unit 3
Lee Mills Industrial Estate
Scholes
HOLMFIRTH
West Yorkshire
HD9 1RT





REGISTERED NUMBER: 04564763 (England and Wales)

Gleve Engineering Limited (Registered number: 04564763)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 188,317 221,589
188,317 221,589

CURRENT ASSETS
Debtors 6 83,154 99,429
Cash at bank and in hand 104,334 133,529
187,488 232,958
CREDITORS
Amounts falling due within one year 7 156,093 238,515
NET CURRENT ASSETS/(LIABILITIES) 31,395 (5,557 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,712

216,032

CREDITORS
Amounts falling due after more than one
year

8

(4,099

)

(28,697

)

PROVISIONS FOR LIABILITIES (47,080 ) (55,397 )
NET ASSETS 168,533 131,938

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 168,433 131,838
SHAREHOLDERS' FUNDS 168,533 131,938

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

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

Gleve Engineering Limited (Registered number: 04564763)

Balance Sheet - continued
31st July 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 7th October 2024 and were signed on its behalf by:





B Robinson - Director


Gleve Engineering Limited (Registered number: 04564763)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Gleve Engineering 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, 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.
Plant and machinery - 10% Straight Line Basis
Fixtures and fittings - 15% on Reducing Balance
Motor vehicles - 25% on Reducing Balance
Computer equipment - 33.3% Straight Line Basis

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.


Gleve Engineering Limited (Registered number: 04564763)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

2. ACCOUNTING POLICIES - continued
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
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.

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2023
and 31st July 2024 14,000
AMORTISATION
At 1st August 2023
and 31st July 2024 14,000
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 -

Gleve Engineering Limited (Registered number: 04564763)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2023 444,258
Disposals (23,433 )
At 31st July 2024 420,825
DEPRECIATION
At 1st August 2023 222,669
Charge for year 33,272
Eliminated on disposal (23,433 )
At 31st July 2024 232,508
NET BOOK VALUE
At 31st July 2024 188,317
At 31st July 2023 221,589

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

Plant and
machinery
etc
£   
COST
At 1st August 2023
and 31st July 2024 133,353
DEPRECIATION
At 1st August 2023 39,978
Charge for year 13,336
At 31st July 2024 53,314
NET BOOK VALUE
At 31st July 2024 80,039
At 31st July 2023 93,375

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 76,439 94,503
Other debtors 6,715 4,926
83,154 99,429

Gleve Engineering Limited (Registered number: 04564763)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 24,598 24,598
Trade creditors 6,936 13,451
Taxation and social security 50,200 25,588
Other creditors 74,359 174,878
156,093 238,515

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 4,099 28,697

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
50 A Ordinary shares £1 50 50
25 B Ordinary shares £1 25 25
25 C Ordinary shares £1 25 25
100 100