Company Registration No. 4685395 (England and Wales)
Groovy Limited
Unaudited accounts
for the year ended 31 March 2023
Groovy Limited
Unaudited accounts
Contents
Groovy Limited
Company Information
for the year ended 31 March 2023
Director
Ivan James Hodges
Company Number
4685395 (England and Wales)
Registered Office
New Court,
Cowbridge Rd
Llantwit Major
CF61 2YS
United Kingdom
Accountants
A40infobahn Limited
Bron Haul
Penlan Road
CARMARTHEN
Carmarthenshire
SA31 1DN
Groovy Limited
Statement of financial position
as at 31 March 2023
Intangible assets
7,500
7,500
Tangible assets
189,166
189,437
Cash at bank and in hand
1,263
707
Creditors: amounts falling due within one year
(93,153)
(89,966)
Net current liabilities
(25,813)
(35,119)
Net assets
171,354
162,319
Called up share capital
354,641
354,641
Revaluation reserve
7,659
7,659
Profit and loss account
(190,946)
(199,981)
Shareholders' funds
171,354
162,319
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 15 December 2023 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 2023
Groovy Limited is a private company, limited by shares, registered in England and Wales, registration number 4685395. The registered office is New Court,, Cowbridge Rd, Llantwit Major, CF61 2YS, 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 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
188,500
15,938
544
204,982
At 31 March 2023
188,500
15,938
544
204,982
At 1 April 2022
-
15,176
369
15,545
Charge for the year
-
254
17
271
At 31 March 2023
-
15,430
386
15,816
At 31 March 2023
188,500
508
158
189,166
At 31 March 2022
188,500
762
175
189,437
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Investments
Subsidiary undertakings
Valuation at 1 April 2022
501
Valuation at 31 March 2023
501
Amounts falling due within one year
Amounts due from group undertakings etc.
40,736
9,461
Other debtors
18,365
6,365
8
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
85,721
86,061
Taxes and social security
(1,490)
(437)
Loans from directors
3,890
3,890
Groovy Limited
Notes to the Accounts
for the year ended 31 March 2023
Allotted, called up and fully paid:
140,005 Ordinary shares A of £1 each
140,005
140,005
199,500 Ordinary Shares B of £1 each
199,500
199,500
15,136 Ordinary Shares C of £1 each
15,136
15,136
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Average number of employees
During the year the average number of employees was 0 (2022: 0).
