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REGISTERED NUMBER: 09542252 (England and Wales)















GROVE AUTO ELECTRICAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






GROVE AUTO ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09542252)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


GROVE AUTO ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: P R Bartle





REGISTERED OFFICE: 14 London Road
Newark
Nottinghamshire
NG24 1TW





REGISTERED NUMBER: 09542252 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

GROVE AUTO ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09542252)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 21,992 22,467

CURRENT ASSETS
Inventories 45,088 43,921
Debtors 5 35,022 38,056
Cash at bank and in hand 453,813 488,822
533,923 570,799
CREDITORS
Amounts falling due within one year 6 139,356 191,164
NET CURRENT ASSETS 394,567 379,635
TOTAL ASSETS LESS CURRENT LIABILITIES 416,559 402,102

PROVISIONS FOR LIABILITIES 4,408 3,441
NET ASSETS 412,151 398,661

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 412,051 398,561
SHAREHOLDERS' FUNDS 412,151 398,661

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 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 director and authorised for issue on 3 July 2024 and were signed by:





P R Bartle - Director


GROVE AUTO ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09542252)

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

1. STATUTORY INFORMATION

Grove Auto Electrical Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at variable rates on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

Current or deferred taxation assets and liabilities are not discounted.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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 8 (2023 - 6 ) .

GROVE AUTO ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09542252)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 4,361 46,891 51,252
Additions - 4,645 4,645
At 31 January 2024 4,361 51,536 55,897
DEPRECIATION
At 1 February 2023 - 28,785 28,785
Charge for year - 5,120 5,120
At 31 January 2024 - 33,905 33,905
NET BOOK VALUE
At 31 January 2024 4,361 17,631 21,992
At 31 January 2023 4,361 18,106 22,467

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,976 34,283
Prepayments 4,046 3,773
35,022 38,056

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,052 16,465
Taxation 22,911 21,405
Other taxes and social security 6,989 6,407
Other creditors 311 282
Directors' current accounts 91,264 142,868
Accrued expenses 3,829 3,737
139,356 191,164

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100