Grove Century Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07786608 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Grove Century Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Derwent

REGISTERED OFFICE:

25 Grove Lane

Kingston Upon Thames

Surrey

KT1 2ST

REGISTERED NUMBER:

07786608 (England and Wales)

ACCOUNTANTS:

My Accountant Friend

Suite 2

Ground Floor

70 Queensway

Hemel Hempstead

HP2 5HD

CURRENT ASSETS

Debtors

14,156

-

Cash at bank

9,941

20,863

24,097

20,863

CREDITORS

Amounts falling due within one year

24,097

15,378

NET CURRENT ASSETS

-

5,485

TOTAL ASSETS LESS CURRENT
LIABILITIES

-

5,485

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(1

)

5,484

SHAREHOLDERS' FUNDS

-

5,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 June 2017 and were signed by:

R Derwent - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

1,569

DEPRECIATION

At 1 October 2015

and 30 September 2016

1,569

NET BOOK VALUE

At 30 September 2016

-

At 30 September 2015

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016 and

30 September 2015:

30.9.16

30.9.15

£

R Derwent

Balance outstanding at start of year

-

3,732

Amounts advanced

5,036

-

Amounts repaid

-

(3,732

)

Balance outstanding at end of year

5,036

-

The loan to the Director of £5,035.67 was repaid in full within 9 months of the company year end, therefore no

S455 taxes have been accounted for.