REGISTERED NUMBER: 07535950 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Grove Print & Packaging Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

62,821

58,679

62,821

58,679

CURRENT ASSETS

Stocks

45,000

43,000

Debtors

6

44,152

36,393

Cash at bank and in hand

171,083

183,858

260,235

263,251

CREDITORS

Amounts falling due within one year

7

72,357

71,028

NET CURRENT ASSETS

187,878

192,223

TOTAL ASSETS LESS CURRENT LIABILITIES

250,699

250,902

PROVISIONS FOR LIABILITIES

15,706

14,670

NET ASSETS

234,993

236,232

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

234,883

236,122

234,993

236,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 3 September 2025 and were signed on its behalf by:

A J Butterfield - Director

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.

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 3 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

90,000

AMORTISATION

At 1 March 2024

and 28 February 2025

90,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

143,400

Additions

17,350

At 28 February 2025

160,750

DEPRECIATION

At 1 March 2024

84,721

Charge for year

13,208

At 28 February 2025

97,929

NET BOOK VALUE

At 28 February 2025

62,821

At 29 February 2024

58,679

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

39,224

30,289

Other debtors

4,928

6,104

44,152

36,393

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

52,846

10,427

Taxation and social security

17,332

58,115

Other creditors

2,179

2,486

72,357

71,028

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £49,000 (2024 - £125,500) were paid to the directors .

Included in other creditors at the year end is an amount owed to the directors of £59 (2024 - £408).