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COMPANY REGISTRATION NUMBER: 05213201
Grovewood General Insurance Services Limited
Filleted Unaudited Financial Statements
30 September 2023
Grovewood General Insurance Services Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
Current assets
Debtors
4
33,593
45,514
Cash at bank and in hand
14,732
53
--------
--------
48,325
45,567
Creditors: amounts falling due within one year
5
31,661
27,051
--------
--------
Net current assets
16,664
18,516
--------
--------
Total assets less current liabilities
16,664
18,516
Creditors: amounts falling due after more than one year
6
16,649
18,171
--------
--------
Net assets
15
345
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
13
343
----
----
Shareholders funds
15
345
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 September 2024 , and are signed on behalf of the board by:
Mr RGF Annable
Director
Company registration number: 05213201
Grovewood General Insurance Services Limited
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Grovewood House, Bolter End Lane, Bolter End, High Wycombe, Bucks, HP14 3LU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax.
4. Debtors
2023
2022
£
£
Trade debtors
12,032
Other debtors
33,593
33,482
--------
--------
33,593
45,514
--------
--------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
6,000
6,580
Trade creditors
745
Corporation tax
23,544
18,478
Other creditors
2,117
1,248
--------
--------
31,661
27,051
--------
--------
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
16,649
18,171
--------
--------