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REGISTERED NUMBER: 12560163 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Groobox Limited

Groobox Limited (Registered number: 12560163)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Groobox Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: D J Fryer
R Fryer





REGISTERED OFFICE: Groobarbs Wild Farm
High Leigh
Knutsford
Cheshire
WA16 0AA





REGISTERED NUMBER: 12560163 (England and Wales)





ACCOUNTANTS: Welch and Ellis
The Fort
Artillery Business Park
Oswestry
Shropshire
SY11 4AD

Groobox Limited (Registered number: 12560163)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 295,631 350,257
Tangible assets 5 365,856 299,039
Investment property 6 1,358,550 788,550
2,020,037 1,437,846

CURRENT ASSETS
Debtors 7 7,032 109,305
Cash at bank 131,082 105,913
138,114 215,218
CREDITORS
Amounts falling due within one year 8 566,516 226,580
NET CURRENT LIABILITIES (428,402 ) (11,362 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,591,635

1,426,484

CREDITORS
Amounts falling due after more than one
year

9

624,407

640,328
NET ASSETS 967,228 786,156

RESERVES
Retained earnings 967,228 786,156
967,228 786,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Groobox Limited (Registered number: 12560163)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:




D J Fryer - Director



R Fryer - Director


Groobox Limited (Registered number: 12560163)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Groobox Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Registered Trademark, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software, Goodwill & Domain is being amortised evenly over its estimated useful life of nil years.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Groobox Limited (Registered number: 12560163)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 21 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 295,841 112,000 407,841
AMORTISATION
At 1 May 2022 29,584 28,000 57,584
Charge for year 26,626 28,000 54,626
At 30 April 2023 56,210 56,000 112,210
NET BOOK VALUE
At 30 April 2023 239,631 56,000 295,631
At 30 April 2022 266,257 84,000 350,257

Groobox Limited (Registered number: 12560163)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 398,718
Additions 188,769
At 30 April 2023 587,487
DEPRECIATION
At 1 May 2022 99,679
Charge for year 121,952
At 30 April 2023 221,631
NET BOOK VALUE
At 30 April 2023 365,856
At 30 April 2022 299,039

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 788,550
Additions 570,000
At 30 April 2023 1,358,550
NET BOOK VALUE
At 30 April 2023 1,358,550
At 30 April 2022 788,550

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 7,032 109,305

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 302,760 201,160
Taxation and social security 26,240 40,770
Other creditors 237,516 (15,350 )
566,516 226,580

Groobox Limited (Registered number: 12560163)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Other creditors 624,407 640,328