Grove Facilities Management Limited - Accounts to registrar (filleted) - small 18.2
Grove Facilities Management Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 |
| FOR |
| GROVE FACILITIES MANAGEMENT LIMITED |
| GROVE FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 08802966) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| GROVE FACILITIES MANAGEMENT LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 4 Mount Ephraim Road |
| Tunbridge Wells |
| Kent |
| TN1 1EE |
| GROVE FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 08802966) |
| BALANCE SHEET |
| 31 DECEMBER 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 and authorised for issue on |
| GROVE FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 08802966) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| 1. | STATUTORY INFORMATION |
| Grove Facilities Management Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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. |
| In her assessment of going concern, the director has considered the current impact on the business as a result of the COVID-19 pandemic. This has not had a significant, immediate impact on the company's operations as the company's major customers have not been adversely affected by the pandemic and expected to be able to continue paying their rents. |
| 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. |
| Turnover is recognised in the period when rent is receivable.. |
| Tangible fixed assets |
| Office equipment | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Government grants |
| Grants relate to amounts received under the Government's Coronavirus Job Retention Scheme. Grants are accounted for on an accruals basis and recognised in the Statement of Comprehensive Income as other income. |
| 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. |
| GROVE FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 08802966) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Office | and | Computer |
| property | equipment | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 January 2020 |
| and 31 December 2020 |
| DEPRECIATION |
| At 1 January 2020 |
| Charge for year |
| At 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 December 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Tax |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 19,642 | 31,902 |
| Other creditors |
| Accruals and deferred income |
| GROVE FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 08802966) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| 7. | PROVISIONS FOR LIABILITIES |
| 2020 | 2019 |
| £ | £ |
| Deferred tax | - | 111 |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2020 |
| Credit to Income Statement during year | ( |
) |
| Balance at 31 December 2020 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 200 | 200 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 January 2020 |
| Profit for the year |
| At 31 December 2020 |
| 10. | RELATED PARTY DISCLOSURES |
| During the year, the company made rental payments of £126,788 (2019: £121,404) split equally between A Purvis, D Hardwick, D Chaney and J McElroy, all shareholders of the company. |
| A Purvis |
| A shareholder of the company |
| At the balance sheet date £38,379 (2019: £54,039) was owed to the company by A Purvis. |
| D Hardwick |
| A shareholder of the company |
| At the balance sheet date £42,379 (2019: £58,039) was owed to the company by D Hardwick. |
| D Chaney |
| A shareholder of the company |
| At the balance sheet date £38,379 (2019: £54,039) was owed to the company by D Chaney. |
| GROVE FACILITIES MANAGEMENT LIMITED (REGISTERED NUMBER: 08802966) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| 10. | RELATED PARTY DISCLOSURES - continued |
| J McElroy |
| A shareholder of the company |
| At the balance sheet date £36,379 (2019: £52,039) was owed to the company by J McElroy. |
| 11. | ULTIMATE CONTROLLING PARTY |
| There is no ultimate controlling party. |