Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2122truefalse 04596072 2023-04-01 2024-03-31 04596072 2022-04-01 2023-03-31 04596072 2024-03-31 04596072 2023-03-31 04596072 c:Director2 2023-04-01 2024-03-31 04596072 d:PlantMachinery 2023-04-01 2024-03-31 04596072 d:PlantMachinery 2024-03-31 04596072 d:PlantMachinery 2023-03-31 04596072 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04596072 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04596072 d:MotorVehicles 2023-04-01 2024-03-31 04596072 d:MotorVehicles 2024-03-31 04596072 d:MotorVehicles 2023-03-31 04596072 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04596072 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04596072 d:FurnitureFittings 2023-04-01 2024-03-31 04596072 d:FurnitureFittings 2024-03-31 04596072 d:FurnitureFittings 2023-03-31 04596072 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04596072 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04596072 d:ComputerEquipment 2023-04-01 2024-03-31 04596072 d:ComputerEquipment 2024-03-31 04596072 d:ComputerEquipment 2023-03-31 04596072 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04596072 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04596072 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04596072 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04596072 d:Goodwill 2024-03-31 04596072 d:Goodwill 2023-03-31 04596072 d:CurrentFinancialInstruments 2024-03-31 04596072 d:CurrentFinancialInstruments 2023-03-31 04596072 d:Non-currentFinancialInstruments 2024-03-31 04596072 d:Non-currentFinancialInstruments 2023-03-31 04596072 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04596072 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04596072 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04596072 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04596072 d:ShareCapital 2024-03-31 04596072 d:ShareCapital 2023-03-31 04596072 d:RetainedEarningsAccumulatedLosses 2024-03-31 04596072 d:RetainedEarningsAccumulatedLosses 2023-03-31 04596072 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04596072 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04596072 c:OrdinaryShareClass1 2023-04-01 2024-03-31 04596072 c:OrdinaryShareClass1 2024-03-31 04596072 c:OrdinaryShareClass1 2023-03-31 04596072 c:OrdinaryShareClass2 2023-04-01 2024-03-31 04596072 c:OrdinaryShareClass2 2024-03-31 04596072 c:OrdinaryShareClass2 2023-03-31 04596072 c:OrdinaryShareClass3 2023-04-01 2024-03-31 04596072 c:OrdinaryShareClass3 2024-03-31 04596072 c:OrdinaryShareClass3 2023-03-31 04596072 c:OrdinaryShareClass4 2023-04-01 2024-03-31 04596072 c:OrdinaryShareClass4 2024-03-31 04596072 c:OrdinaryShareClass4 2023-03-31 04596072 c:OrdinaryShareClass5 2023-04-01 2024-03-31 04596072 c:OrdinaryShareClass5 2024-03-31 04596072 c:OrdinaryShareClass5 2023-03-31 04596072 c:FRS102 2023-04-01 2024-03-31 04596072 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04596072 c:FullAccounts 2023-04-01 2024-03-31 04596072 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04596072 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 04596072 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 04596072 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 04596072 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 04596072 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04596072









GROVE WINDOWS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
GROVE WINDOWS LIMITED
REGISTERED NUMBER: 04596072

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
45,158
35,957

  
45,158
35,957

Current assets
  

Stocks
  
153,673
228,095

Debtors: amounts falling due within one year
 6 
247,119
353,372

Cash at bank and in hand
  
665
19,572

  
401,457
601,039

Creditors: amounts falling due within one year
 7 
(413,005)
(446,743)

Net current (liabilities)/assets
  
 
 
(11,548)
 
 
154,296

Total assets less current liabilities
  
33,610
190,253

Creditors: amounts falling due after more than one year
 8 
(9,589)
(3,490)

Provisions for liabilities
  

Deferred tax
 10 
(10,566)
(8,107)

  
 
 
(10,566)
 
 
(8,107)

Net assets
  
13,455
178,656


Capital and reserves
  

Called up share capital 
 11 
104
104

Profit and loss account
  
13,351
178,552

  
13,455
178,656


Page 1

 
GROVE WINDOWS LIMITED
REGISTERED NUMBER: 04596072

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr N M Grove
Director

Date: 5 September 2024

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
GROVE WINDOWS LIMITED
 

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

1.


General information

Grove Windows Limited is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office is 16A Raven Road, South Woodford, London, E18 1HB. The Company is not part of a group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
GROVE WINDOWS LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
on the reducing balance
Motor vehicles
-
25%
on the reducing balance
Fixtures and fittings
-
25%
on the reducing balance
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
GROVE WINDOWS LIMITED
 

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

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 5

 
GROVE WINDOWS LIMITED
 

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

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.14

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
GROVE WINDOWS LIMITED
 

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

2.Accounting policies (continued)

 
2.16

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 22).

Page 7

 
GROVE WINDOWS LIMITED
 

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

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
370,000



At 31 March 2024

370,000



Amortisation


At 1 April 2023
370,000



At 31 March 2024

370,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 8

 
GROVE WINDOWS LIMITED
 

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

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
143,234
58,800
36,084
24,487
262,605


Additions
-
24,355
83
274
24,712


Disposals
-
(15,535)
-
(19,238)
(34,773)



At 31 March 2024

143,234
67,620
36,167
5,523
252,544



Depreciation


At 1 April 2023
137,433
29,943
35,864
23,408
226,648


Charge for the year on owned assets
1,450
6,696
76
648
8,870


Charge for the year on financed assets
-
4,567
-
-
4,567


Disposals
-
(13,461)
-
(19,238)
(32,699)



At 31 March 2024

138,883
27,745
35,940
4,818
207,386



Net book value



At 31 March 2024
4,351
39,875
227
705
45,158



At 31 March 2023
5,801
28,857
220
1,079
35,957


6.


Debtors

2024
2023
£
£


Trade debtors
110,917
131,257

Other debtors
78,251
150,895

Prepayments and accrued income
16,451
31,003

Tax recoverable
41,500
40,217

247,119
353,372


Page 9

 
GROVE WINDOWS LIMITED
 

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
104,092
92,902

Trade creditors
200,093
242,405

Corporation tax
-
26,693

Other taxation and social security
28,998
44,942

Obligations under finance lease and hire purchase contracts
9,827
10,289

Other creditors
53,520
15,195

Accruals and deferred income
16,475
14,317

413,005
446,743



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
9,589
3,490

9,589
3,490



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
9,827
10,289

Between 1-5 years
9,589
3,490

19,416
13,779

Page 10

 
GROVE WINDOWS LIMITED
 

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

10.


Deferred taxation




2024


£






At beginning of year
(8,107)


Charged to profit or loss
(2,459)



At end of year
(10,566)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(10,566)
(8,107)

(10,566)
(8,107)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100
1 (2023 - 1) Ordinary A share of £1.00
1
1
1 (2023 - 1) Ordinary B share of £1.00
1
1
1 (2023 - 1) Ordinary C share of £1.00
1
1
1 (2023 - 1) Ordinary D share of £1.00
1
1

104

104



12.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £32,816 (2023 - £31,464). The amount outstanding at the balance sheet date was £178 (2023 - £339).

Page 11

 
GROVE WINDOWS LIMITED
 

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

13.


Related party transactions

During the year the Company operated loan accounts with key management personnel. The loans are
interest free and repayable on demand. The amounts outstanding at the year end are as follows:


2024
2023
£
£

Amounts owed from key management personnel
21,693
139,263
21,693
139,263


Page 12