Grove Facilities Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08802966 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

GROVE FACILITIES MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J L Cordell

REGISTERED OFFICE:

Grove House

Sheldon Way

Larkfield

Aylesford

Kent

ME20 6SE

REGISTERED NUMBER:

08802966 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EE

FIXED ASSETS

Tangible assets

4

83,851

68,731

CURRENT ASSETS

Debtors

5

417,341

224,380

Cash at bank

1,102

-

418,443

224,380

CREDITORS

Amounts falling due within one year

6

249,714

81,279

NET CURRENT ASSETS

168,729

143,101

TOTAL ASSETS LESS CURRENT LIABILITIES

252,580

211,832

PROVISIONS FOR LIABILITIES

4,464

1,839

NET ASSETS

248,116

209,993

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

8

247,916

209,793

SHAREHOLDERS' FUNDS

248,116

209,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 and authorised for issue by the director on 13 December 2019 and were signed by:

Mrs J L Cordell - Director

1.	STATUTORY INFORMATION

Grove Facilities Management 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.

Going concern

Accounting standards require the director to consider the appropriateness of the going concern basis when

preparing the financial statements. The director confirms that she considers that the going concern basis

remains appropriate. The director believes that the company has sufficient resources to continue in operational

existence for the foreseeable future. The director believes this to be the case as the company has positive

reserves and no significant long term liabilities. Thus she continues to adopt the going concern basis of

accounting in preparing the annual financial statements.

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.

Office equipment

-

25% on cost

Fixtures and fittings

-

12.5% on cost

Computer equipment

-

25% on cost

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice

of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three

months from the date of acquisition and that are readily convertible to known amounts of cash with no significant

risk of change in value.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third

parties, loans to related parties and investments in non-puttable ordinary shares.

Creditors

Short term creditors are measured at the transaction price

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial

statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic

of Ireland":

- the requirements of Section 7 Statement of Cash Flows;

- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);

- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;

- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;

- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Office

and

Computer

property

equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2018

63,675

878

6,044

7,674

78,271

Additions

23,354

1,174

700

-

25,228

At 31 December 2018

87,029

2,052

6,744

7,674

103,499

DEPRECIATION

At 1 January 2018

-

515

2,578

6,447

9,540

Charge for year

8,094

188

718

1,108

10,108

At 31 December 2018

8,094

703

3,296

7,555

19,648

NET BOOK VALUE

At 31 December 2018

78,935

1,349

3,448

119

83,851

At 31 December 2017

63,675

363

3,466

1,227

68,731

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

78,298

53,328

Other debtors

339,043

171,052

417,341

224,380

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

1,857

Trade creditors

17,274

19,966

Taxation and social security

87,926

52,809

Other creditors

144,514

6,647

249,714

81,279

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

200

Ordinary

£1

200

200

8.

RESERVES

Retained

earnings

£

At 1 January 2018

209,793

Profit for the year

38,123

At 31 December 2018

247,916

9.	RELATED PARTY DISCLOSURES

During the year, the company made rental payments of £96,000 (2017: £96,000) split equally between A Purvis,

D Hardwick, D Chaney and J McElroy, all shareholders of the company. At the balance sheet date, £58,636,

£62,636, £58,636, £58,636 was owed to the company by A Purvis, D Hardwick, D Chaney and J McElroy

respectively.

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.