THE_GROVE_PRACTICE_LIMITE - Accounts

THE GROVE PRACTICE LIMITED - Company Information

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Company Registration No. 04597773 (England and Wales)

THE GROVE PRACTICE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

THE GROVE PRACTICE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

THE GROVE PRACTICE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

5,234

6,116

Current assets

Debtors

10,870

8,040

Cash at bank and in hand

43,568

32,917

54,438

40,957

Creditors: amounts falling due within one year

(24,635)

(24,174)

Net current assets

29,803

16,783

Total assets less current liabilities

35,037

22,899

Provisions for liabilities

(902)

(1,046)

34,135

21,853

Capital and reserves

Called up share capital

1,000

Profit and loss account

33,135

20,853

Shareholders' funds

34,135

21,853

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 June 2015

Ms S L Briggs

Mr B J McKie

Director

Company Registration No. 04597773

THE GROVE PRACTICE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for services net of VAT.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment

20% reducing balance

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 April 2014

13,265

Additions

1,130

Disposals

(3,051)

At 31 March 2015

11,344

Depreciation

At 1 April 2014

7,149

On disposals

(2,347)

Charge for the year

1,308

At 31 March 2015

6,110

Net book value

At 31 March 2015

5,234

At 31 March 2014

6,116

THE GROVE PRACTICE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

500 Ordinary shares of £1 each

500

500 Ordinary A shares of £1 each

500

1,000

All categories of shares rank pari passu in all respects save that the directors are empowered to vote and declare dividends to any one or more of the share categories separately.