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REGISTERED NUMBER: 02964247















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GROUPTREE LIMITED

GROUPTREE LIMITED (REGISTERED NUMBER: 02964247)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GROUPTREE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Sharpe
W Wallis
M Wallis





SECRETARY: W Wallis





REGISTERED OFFICE: 5 Tanner Street
Bermondsey
London
SE1 3LE





REGISTERED NUMBER: 02964247





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

GROUPTREE LIMITED (REGISTERED NUMBER: 02964247)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,313 1,752

CURRENT ASSETS
Debtors 5 112,865 123,711
Cash at bank and in hand 95,056 108,588
207,921 232,299
CREDITORS
Amounts falling due within one year 6 100,963 106,501
NET CURRENT ASSETS 106,958 125,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,271

127,550

CREDITORS
Amounts falling due after more than one year 7 46,667 86,667
NET ASSETS 61,604 40,883

CAPITAL AND RESERVES
Called up share capital 8 5,635 5,635
Share premium 99,746 99,746
Retained earnings (43,777 ) (64,498 )
SHAREHOLDERS' FUNDS 61,604 40,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 24 October 2024 and were signed on its behalf by:





W Wallis - Director


GROUPTREE LIMITED (REGISTERED NUMBER: 02964247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Grouptree Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost

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.

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.

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 10 (2023 - 8 ) .

GROUPTREE LIMITED (REGISTERED NUMBER: 02964247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
Cost
At 1 April 2023
and 31 March 2024 148,300
Depreciation
At 1 April 2023 146,549
Charge for year 438
At 31 March 2024 146,987
Net book value
At 31 March 2024 1,313
At 31 March 2023 1,751

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 112,865 118,181
Other debtors - 39
Prepayments and accrued income - 5,491
112,865 123,711

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,000 40,000
Trade creditors 13,803 4,502
Social security and other taxes 22,886 937
VAT 20,564 58,530
Other creditors 1,786 2,532
Directors' loan account 1,924 -
100,963 106,501

The bank loan is 100% guaranteed by the government in line with the COVID scheme rules. Interest was charged at 0% in year one and at 2.5% per annum thereafter.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 46,667 86,667

The bank loan is 100% guaranteed by the government in line with the COVID scheme rules. Interest was charged at 0% in year one and at 2.5% per annum thereafter.

GROUPTREE LIMITED (REGISTERED NUMBER: 02964247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal Value: 31.03.24 31.03.23
£ £

13,866 A Class Ordinary £0.10 1,386.60 2,373.60
23,802 B Class Ordinary £0.10 2,380.20 1,394.20
8,450 C Class Ordinary £0.10 845 845
6,551 D Class Ordinary £0.10 655.10 655.10
2,650 E Class Ordinary £0.10 265 265
974 F Class Ordinary £0.10 97.40 97.40
53 G Class Ordinary £0.10 5.30 5.30
1 H Class Ordinary £0.10 0.10 0.10
1 I Class Ordinary £0.10 0.10 0.10
1 J Class Ordinary £0.10 0.10 0.10
1 K Class Ordinary £0.10 0.10 0.10
5,635 5,635


All Ordinary share classes rank pari-passu in all respects.

9. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £1,924 (2023: £39 debtor) due to the directors from the company. No interest has been charged on this balance during the year (2023: £Nil) and there are no set repayment terms in place.