Abbreviated Company Accounts - GROOVY LIMITED

Registered Number 04685395

GROOVY LIMITED

Abbreviated Accounts

31 March 2016

GROOVY LIMITED Registered Number 04685395

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,407	1,451
Investments	3	94,660	94,660
		96,067	96,111
Current assets
Debtors		79,678	110,621
Investments		8,160	8,160
Cash at bank and in hand		4,951	2,975
		92,789	121,756
Creditors: amounts falling due within one year		(286,311)	(278,701)
Net current assets (liabilities)		(193,522)	(156,945)
Total assets less current liabilities		(97,455)	(60,834)
Total net assets (liabilities)		(97,455)	(60,834)
Capital and reserves
Called up share capital		5	5
Revaluation reserve		7,659	7,659
Profit and loss account		(105,119)	(68,498)
Shareholders' funds		(97,455)	(60,834)

For the year ending 31 March 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 December 2016

And signed on their behalf by:
Ivan Hodges, Director

GROOVY LIMITED Registered Number 04685395

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the net invoiced sales of software consultancy, design and development.

2Tangible fixed assets

	£
Cost
At 1 April 2015	16,144
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	16,144
Depreciation
At 1 April 2015	14,693
Charge for the year	44
On disposals	-
At 31 March 2016	14,737
Net book values
At 31 March 2016	1,407
At 31 March 2015	1,451

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%

3Fixed assets Investments
Investments include shares in subsidiaries as follows
2016 2015

Groovy Games Limited 501 501
Gemstone Games Limited 500 500
Webtogs Limited 93660 93660