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REGISTERED NUMBER: 00482429 (England and Wales)














R. GLOVER ASCROFT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






R. GLOVER ASCROFT LTD (REGISTERED NUMBER: 00482429)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024




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 2024







DIRECTORS: R J 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 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,340 16,400
Investments 5 2,754 2,754
16,094 19,154

CURRENT ASSETS
Stocks 115,148 88,660
Debtors 99,149 89,114
Cash at bank and in hand 181,609 213,347
395,906 391,121
CREDITORS
Amounts falling due within one year 149,036 162,515
NET CURRENT ASSETS 246,870 228,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,964

247,760

CREDITORS
Amounts falling due after more than one year 20,304 32,304
NET ASSETS 242,660 215,456

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 241,660 214,456
SHAREHOLDERS' FUNDS 242,660 215,456

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

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

R. GLOVER ASCROFT LTD (REGISTERED NUMBER: 00482429)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


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 2024 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 14 January 2025 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 2024

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 (2023 - 12 ) .

R. GLOVER ASCROFT LTD (REGISTERED NUMBER: 00482429)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 136,827
Additions 1,388
At 31 August 2024 138,215
DEPRECIATION
At 1 September 2023 120,427
Charge for year 4,448
At 31 August 2024 124,875
NET BOOK VALUE
At 31 August 2024 13,340
At 31 August 2023 16,400

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 September 2023
and 31 August 2024 2,754
NET BOOK VALUE
At 31 August 2024 2,754
At 31 August 2023 2,754