Company Registration No. NI069070 (Northern Ireland)
Anson Grove Ltd
Companies House accounts
for the year ended 30 April 2024
Anson Grove Ltd
Companies House accounts
Contents
Anson Grove Ltd
Company Information
for the year ended 30 April 2024
Directors
Mr Norman S Baxter
Mrs Christine A Baxter
Secretary
Christine A Baxter
Company Number
NI069070 (Northern Ireland)
Registered Office
420 Belfast Road
Fivemiletown
Co Tyrone
BT75 0SN
N Ireland
Accountants
Allan Montgomery & Co
100 Main Street
Fivemiletown
Co Tyrone
BT75 0PW
Anson Grove Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
563,882
566,138
Cash at bank and in hand
48,239
32,262
Creditors: amounts falling due within one year
(34,638)
(36,035)
Net current assets/(liabilities)
18,639
(587)
Total assets less current liabilities
582,521
565,551
Provisions for liabilities
Deferred tax
(4,066)
(4,495)
Net assets
578,455
561,056
Called up share capital
450
450
Profit and loss account
578,005
560,606
Shareholders' funds
578,455
561,056
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by
Mr Norman S Baxter
Director
Company Registration No. NI069070
Anson Grove Ltd
Notes to the Accounts
for the year ended 30 April 2024
Anson Grove Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI069070. The registered office is 420 Belfast Road, Fivemiletown, Co Tyrone, BT75 0SN, N Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover and income recognition
Turnover represents the fair value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Income is recognised when goods and services have been provided to customers such that risks and rewards of ownership have been transferred to them.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Anson Grove Ltd
Notes to the Accounts
for the year ended 30 April 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
542,481
56,444
56,976
655,901
Additions
-
2,683
440
3,123
At 30 April 2024
542,481
59,127
57,416
659,024
At 1 May 2023
-
47,340
42,423
89,763
Charge for the year
-
2,380
2,999
5,379
At 30 April 2024
-
49,720
45,422
95,142
At 30 April 2024
542,481
9,407
11,994
563,882
At 30 April 2023
542,481
9,104
14,553
566,138
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,856
4,889
Loans from directors
25,000
25,000
Creditors includes Director's loan £25,000 (2023 : £25,000).
Anson Grove Ltd
Notes to the Accounts
for the year ended 30 April 2024
7
Deferred taxation
2024
2023
Accelerated capital allowances
4,066
4,495
Provision at start of year
4,495
4,947
Credited to the profit and loss account
(429)
(452)
Provision at end of year
4,066
4,495
Allotted, called up and fully paid:
450 Ordinary shares of £1 each
450
450
9
Transactions with related parties
Dividends paid to directors during the year: £10,000 (2023: £12,000).
The company is controlled by three members two of whom are Directors of equal shareholding.
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).