Company Registration No. 4685395 (England and Wales)
Groovy Limited
Unaudited accounts
for the year ended 31 March 2021
Groovy Limited
Unaudited accounts
Contents
Groovy Limited
Company Information
for the year ended 31 March 2021
Directors
Ivan James Hodges
Rachel Ann Hodges
Company Number
4685395 (England and Wales)
Registered Office
38 VALE BUSINESS PARK
LLANDOW
COWBRIDGE
VALE OF GLAMORGAN
CF71 7PF
United Kingdom
Accountants
A40infobahn Limited
Bron Haul
Penlan Road
CARMARTHEN
Carmarthenshire
SA31 1DN
Groovy Limited
Statement of financial position
as at 31 March 2021
Intangible assets
7,500
7,500
Tangible assets
189,437
104,863
Cash at bank and in hand
4,254
8,395
Creditors: amounts falling due within one year
(94,716)
(115,637)
Net current liabilities
(23,962)
(22,355)
Total assets less current liabilities
173,476
90,509
Creditors: amounts falling due after more than one year
-
(27,521)
Called up share capital
373,641
256,005
Revaluation reserve
7,659
7,659
Capital redemption reserve
-
30,000
Profit and loss account
(207,824)
(230,676)
Shareholders' funds
173,476
62,988
For the year ending 31 March 2021 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2021 and were signed on its behalf by
Ivan James Hodges
Director
Company Registration No. 4685395
Groovy Limited
Notes to the Accounts
for the year ended 31 March 2021
Groovy Limited is a private company, limited by shares, registered in England and Wales, registration number 4685395. The registered office is 38 VALE BUSINESS PARK, LLANDOW, COWBRIDGE, VALE OF GLAMORGAN, CF71 7PF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Groovy Limited
Notes to the Accounts
for the year ended 31 March 2021
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2020
100,000
16,938
2,400
544
119,882
Additions
88,500
-
-
-
88,500
Disposals
-
(1,000)
(1,400)
-
(2,400)
At 31 March 2021
188,500
15,938
1,000
544
205,982
At 1 April 2020
-
14,650
-
369
15,019
Charge for the year
-
526
-
-
526
On disposals
-
-
1,000
-
1,000
At 31 March 2021
-
15,176
1,000
369
16,545
At 31 March 2021
188,500
762
-
175
189,437
At 31 March 2020
100,000
2,288
2,400
175
104,863
6
Investments
Subsidiary undertakings
Valuation at 1 April 2020
501
Valuation at 31 March 2021
501
7
Debtors: amounts falling due within one year
2021
2020
Trade debtors
33,475
(506)
Amounts due from group undertakings etc.
9,461
50,096
Accrued income and prepayments
-
8,116
Other debtors
16,558
16,054
8
Creditors: amounts falling due within one year
2021
2020
Amounts owed to group undertakings and other participating interests
86,061
103,254
Taxes and social security
(437)
-
Loans from directors
6,843
2,268
9
Creditors: amounts falling due after more than one year
2021
2020
Groovy Limited
Notes to the Accounts
for the year ended 31 March 2021
Allotted, called up and fully paid:
140,005 Ordinary shares A of £1 each
140,005
140,005
218,500 Ordinary Shares B of £1 each
218,500
100,000
15,136 Ordinary Shares C of £1 each
15,136
16,000
Shares issued during the period:
118,500 Ordinary Shares B of £1 each
118,500
11
Transactions with related parties
During the year , the directors recognised that an amount of £53251 , shown in previous accounts as due from Richard Hodges as irrecoverable. Mr Hodges was a director of the company until 31 January 2017 , and is the brother of Ivan Hodges, director of the company.
12
Average number of employees
During the year the average number of employees was 0 (2020: 2).
