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 PERIOD ENDED 30 JUNE 2016

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

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

4,130

5,234

Current assets

Debtors

12,536

10,870

Cash at bank and in hand

22,070

43,568

34,606

54,438

Creditors: amounts falling due within one year

(32,533)

(24,635)

Net current assets

2,073

29,803

Total assets less current liabilities

6,203

35,037

Provisions for liabilities

(713)

(902)

5,490

34,135

Capital and reserves

Called up share capital

1,000

Profit and loss account

4,490

33,135

Shareholders' funds

5,490

34,135

For the financial period ended 30 June 2016 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 period 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 15 August 2016

Ms S L Briggs

Director

Company Registration No. 04597773

THE GROVE PRACTICE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 JUNE 2016

- 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 January 2015).

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 2015

11,344

Additions

1,607

Disposals

(2,996)

At 30 June 2016

9,955

Depreciation

At 1 April 2015

6,110

On disposals

(1,662)

Charge for the period

1,377

At 30 June 2016

5,825

Net book value

At 30 June 2016

4,130

At 31 March 2015

5,234

THE GROVE PRACTICE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 JUNE 2016

- 3 -

Share capital

2016

2015

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.