GROOVY LIMITED Accounts filed on 31-03-2015
GROOVY LIMITED Accounts filed on 31-03-2015
GROOVY LIMITED
Company Registration Number:
04685395 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st April 2014
End date: 31st March 2015
SUBMITTED
GROOVY LIMITED
Company Information
for the Period Ended
31st March 2015
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GROOVY LIMITED
Abbreviated Balance sheet
As at 31st March 2015
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2014 £ |
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| Fixed assets | |||
| Intangible assets: | 2 |
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| Tangible assets: | 3 |
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| Total fixed assets: |
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| Stocks: |
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| Debtors: |
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| Cash at bank and in hand: |
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| Creditors: amounts falling due within one year |
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| Net current assets (liabilities): | ( |
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| Total assets less current liabilities: | ( |
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| Total net assets (liabilities): | ( |
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The notes form part of these financial statements
GROOVY LIMITED
Abbreviated Balance sheet
As at 31st March 2015
continued
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2014 £ |
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| Capital and reserves | |||
| Called up share capital: | 4 |
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| Revaluation reserve: |
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| Profit and Loss account: | ( |
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| Total shareholders funds: | ( |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Ivan Hodges
Status: Director
The notes form part of these financial statements
GROOVY LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015
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1. Accounting policies
Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention. Turnover policy
Turnover represents the net invoiced sales of software consultancy, design and development. Tangible fixed assets depreciation policy
Depreciation is calculated using the straight line method on the gross values of fixed assets without any deduction for government grants. The following rates are used: Plant 33% Fixtures 10% Valuation information and policy
Stocks and work in progress have been valued at the lower of cost and net realisable value. Other accounting policies
Deferred Taxation is provided on the liability method in respect of the taxation effect of all timing differences to the extent that tax liabilities are likely to crystallise in the foreseeable future.
GROOVY LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015
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2. Intangible assets
Total Cost £ At 01st April 2014: 102,820 102,820 Net book value £ At 31st March 2015: 102,820 At 31st March 2014: 102,820 Intangible Assets consist of Shares held in Subsidiary Companies as follows: Groovy Games Ltd 501 Gemstone Games Limited 500 Webtogs Limited 93660 Other Investments 8159
GROOVY LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015
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3. Tangible assets
Total Cost £ At 01st April 2014: 14,728 Additions: 1,416 At 31st March 2015: 16,144 Depreciation At 01st April 2014: 14,649 Charge for year: 9 At 31st March 2015: 14,658 Net book value At 31st March 2015: 1,451 At 31st March 2014: 79