GROOVY UK LIMITED

Company Registration Number:
04618091 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

GROOVY UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

GROOVY UK LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 59,775 79,305
Total fixed assets: 59,775 79,305
Current assets
Stocks: 440,734 496,199
Debtors:   856,234 1,172,901
Cash at bank and in hand: 70,565 105,581
Total current assets: 1,367,533 1,774,681
Creditors: amounts falling due within one year:   (1,071,789) (1,114,262)
Net current assets (liabilities): 295,744 660,419
Total assets less current liabilities: 355,519 739,724
Creditors: amounts falling due after more than one year:   (436,780) (396,979)
Total net assets (liabilities): (81,261) 342,745
Capital and reserves
Called up share capital: 850,100 850,100
Profit and loss account: (931,361) (507,355)
Shareholders funds: (81,261) 342,745

The notes form part of these financial statements

GROOVY UK LIMITED

Balance sheet statements

For the year ending 31 December 2022 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 September 2023
and signed on behalf of the board by:

Name: M Scott
Status: Director

The notes form part of these financial statements

GROOVY UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GROOVY UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 10 11

GROOVY UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 236,333
At 31 December 2022 236,333
Depreciation
At 01 January 2022 157,028
Charge for year 19,530
At 31 December 2022 176,558
Net book value
At 31 December 2022 59,775
At 31 December 2021 79,305