H. & A. Glover Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05218738 (England and Wales)

H. & A. GLOVER LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2019

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

H C Glover

A M Glover

SECRETARY:

H C Glover

REGISTERED OFFICE:

Burlington House

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

REGISTERED NUMBER:

05218738 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of H. & A. Glover Limited for the year ended 31st August 2019 which comprise the Income Statement, Balance Sheet

and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of H. & A. Glover Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of H. & A. Glover Limited and state those matters that we have agreed to state to the Board of Directors of H. & A. Glover Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H. & A. Glover Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of H. & A. Glover Limited. You consider that H. & A. Glover Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of H. & A. Glover Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

30th June 2020

FIXED ASSETS

Tangible assets

4

1,071,183

1,138,224

CURRENT ASSETS

Stocks

5

102,216

34,041

Debtors

6

43,277

40,580

Cash at bank

253,267

283,143

398,760

357,764

CREDITORS

Amounts falling due within one year

7

559,422

491,234

NET CURRENT LIABILITIES

(160,662

)

(133,470

)

TOTAL ASSETS LESS CURRENT LIABILITIES

910,521

1,004,754

CREDITORS

Amounts falling due after more than one year

8

(518,000

)

(600,000

)

PROVISIONS FOR LIABILITIES

(595

)

(816

)

NET ASSETS

391,926

403,938

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

391,924

403,936

SHAREHOLDERS' FUNDS

391,926

403,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2019 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 30th June 2020 and were signed on its behalf by:

H C Glover - Director

1.	STATUTORY INFORMATION

H. & A. Glover Limited 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.

Plant and equipment

-

20% on reducing balance

Motor vehicles and digger

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

Freehold

Plant and

and

property

equipment

digger

Totals

£

£

£

£

COST

At 1st September 2018

1,132,195

7,484

56,776

1,196,455

Disposals

(65,562

)

-

-

(65,562

)

At 31st August 2019

1,066,633

7,484

56,776

1,130,893

DEPRECIATION

At 1st September 2018

-

6,934

51,297

58,231

Charge for year

-

109

1,370

1,479

At 31st August 2019

-

7,043

52,667

59,710

NET BOOK VALUE

At 31st August 2019

1,066,633

441

4,109

1,071,183

At 31st August 2018

1,132,195

550

5,479

1,138,224

5.

STOCKS

31.8.19

31.8.18

£

£

Work-in-progress

102,216

34,041

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

35,011

38,789

VAT

5,439

-

Prepayments

2,827

1,791

43,277

40,580

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Hire purchase contracts

-

698

Trade creditors

13,301

690

Tax

-

261

Social security and other taxes

-

8

Directors' current accounts

542,521

485,977

Accrued expenses

3,600

3,600

559,422

491,234

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans - 2-5 years

518,000

600,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.19

31.8.18

£

£

Bank loans

518,000

600,000

Debenture creating a fixed and floating charge over the assets and undertakings. Legal mortgage on 8 Perkins Close ,

Grimsby. Legal mortgage on 74 Cromwell Road, Grimsby. Legal mortgage on 13 Haycroft Street, Grimsby. Legal mortgage

on top and bottom flat 192 Hainton Avenue, Grimsby. Legal mortgage on 99 Park Street, Cleethorpes. Legal mortgage on

14 Anderson Street, Grimsby. Legal mortgage on 11 Littlefield Lane, Grimsby. Legal mortgage on 14 Dunmow Street,

Grimsby.

10.	ULTIMATE CONTROLLING PARTY

Throughout the period the company was under the control of the directors who control directly 100% of the issued ordinary

share capital.