Company Registration No. 07346345 (England and Wales)
Glover and Headdock Limited
Unaudited accounts
for the period from 1 February 2023 to 31 March 2024
Glover and Headdock Limited
Unaudited accounts
Contents
Glover and Headdock Limited
Company Information
for the period from 1 February 2023 to 31 March 2024
Directors
Paul Glover
Cathy Headdock
Company Number
07346345 (England and Wales)
Registered Office
52 Edington Close
Bishops Waltham
Southampton
Hampshire
SO32 1LX
England
Accountants
Meon Valley Accounting Ltd
Malt House Studios
4 Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Glover and Headdock Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
5,770
81,305
Creditors: amounts falling due within one year
(488)
(86,373)
Net current assets
5,282
8,373
Called up share capital
100
100
Profit and loss account
5,182
8,513
Shareholders' funds
5,282
8,613
For the period ending 31 March 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 March 2025 and were signed on its behalf by
Paul Glover
Director
Company Registration No. 07346345
Glover and Headdock Limited
Notes to the Accounts
for the period from 1 February 2023 to 31 March 2024
Glover and Headdock Limited is a private company, limited by shares, registered in England and Wales, registration number 07346345. The registered office is 52 Edington Close, Bishops Waltham, Southampton, Hampshire, SO32 1LX, England.
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 period, 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 Directors will not seek repayment of their loans until such funds become available therefore the accounts have been prepared on a going concern basis.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of 5 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.
The company operates a defined contribution scheme. Contributions payable are recognised in the profit and loss account when due.
Government grants are accounted for on an accruals basis and charged to profit and loss.
Glover and Headdock Limited
Notes to the Accounts
for the period from 1 February 2023 to 31 March 2024
4
Intangible fixed assets
Total
5
Tangible fixed assets
Total
6
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
9,150
7
Average number of employees
During the period the average number of employees was 6 (2023: 6).