George L. Glover & Son, Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: NI002953

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		60,899		55,425

			60,899		55,425
CURRENT ASSETS
Stocks	5	214,000		160,200
Debtors	6	93,398		82,300
Cash at bank and in hand		2,753		1,001

		310,151		243,501
Creditors: Amounts Falling Due Within One Year	7	(77,715 )		(58,499 )

NET CURRENT ASSETS (LIABILITIES)			232,436		185,002

TOTAL ASSETS LESS CURRENT LIABILITIES			293,335		240,427

Creditors: Amounts Falling Due After More Than One Year	8		(15,413 )		(12,059 )

NET ASSETS			277,922		228,368

CAPITAL AND RESERVES
Called up share capital	9		4,000		4,000
Profit and Loss Account			273,922		224,368

SHAREHOLDERS' FUNDS			277,922		228,368

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George L. Glover & Son, Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr George Glover Director	Mrs Sandra Glover Director	Mr James Glover Director
20 August 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

George L. Glover & Son, Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI002953 . The registered office is 84 Magherafelt Road, Gortagilly, Magherafelt, BT45 7UR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2025	70,202	142,515	58,230	17,016	287,963
Additions	-	13,600	-	-	13,600

As at 31 December 2025	70,202	156,115	58,230	17,016	301,563

...CONTINUED

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George L. Glover & Son, Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025	37,338	130,775	50,499	13,926	232,538
Provided during the period	1,033	4,388	1,933	772	8,126

As at 31 December 2025	38,371	135,163	52,432	14,698	240,664

Net Book Value
As at 31 December 2025	31,831	20,952	5,798	2,318	60,899

As at 1 January 2025	32,864	11,740	7,731	3,090	55,425

5. Stocks

	2025	2024
	£	£
Stock	214,000	160,200

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,310	1,210
Other debtors	89,088	81,090

	93,398	82,300

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	5,220	2,683
Trade creditors	27,004	23,641
Bank loans and overdrafts	27,369	21,563
Other creditors	10,603	10,612
Taxation and social security	7,519	-

	77,715	58,499

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	8,360	2,800
Bank loans	7,053	9,259

	15,413	12,059

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4,000	4,000

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