IRIS Accounts Production v24.3.2.46 07231235 director 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072312352023-04-30072312352024-04-30072312352023-05-012024-04-30072312352022-04-30072312352022-05-012023-04-30072312352023-04-3007231235ns14:PoundSterling2023-05-012024-04-3007231235ns10:Director12023-05-012024-04-3007231235ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3007231235ns10:SmallEntities2023-05-012024-04-3007231235ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3007231235ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3007231235ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3007231235ns10:FullAccounts2023-05-012024-04-3007231235ns10:RegisteredOffice2023-05-012024-04-3007231235ns5:CurrentFinancialInstruments2024-04-3007231235ns5:CurrentFinancialInstruments2023-04-3007231235ns5:Non-currentFinancialInstruments2024-04-3007231235ns5:Non-currentFinancialInstruments2023-04-3007231235ns5:ShareCapital2024-04-3007231235ns5:ShareCapital2023-04-3007231235ns5:RetainedEarningsAccumulatedLosses2024-04-3007231235ns5:RetainedEarningsAccumulatedLosses2023-04-3007231235ns5:PlantMachinery2023-04-3007231235ns5:PlantMachinery2023-05-012024-04-3007231235ns5:PlantMachinery2024-04-3007231235ns5:PlantMachinery2023-04-3007231235ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3007231235ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-3007231235ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3007231235ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 07231235















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

GROVE CONSTRUCTION (LONDON) LIMITED

GROVE CONSTRUCTION (LONDON) LIMITED (REGISTERED NUMBER: 07231235)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GROVE CONSTRUCTION (LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







Director: J Corcoran





Registered office: Ashwood House, Ground Floor Grove Busine
White Waltham
Maidenhead
SL6 3LW





Registered number: 07231235





Accountants: Rock Tax & Accounting Ltd
69 High Street
Southgate
London
N14 6LD

GROVE CONSTRUCTION (LONDON) LIMITED (REGISTERED NUMBER: 07231235)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £ £ £ £
Fixed assets
Tangible assets 4 103,486 35,328

Current assets
Stocks 95,367 -
Debtors 5 2,735,111 1,861,722
Cash at bank and in hand 298,050 372,566
3,128,528 2,234,288
Creditors
Amounts falling due within one year 6 2,844,294 1,777,493
Net current assets 284,234 456,795
Total assets less current liabilities 387,720 492,123

Creditors
Amounts falling due after more than one year 7 99,156 157,347

Provisions for liabilities 19,662 6,712

Capital and reserves
Called up share capital 83 83
Retained earnings 268,819 327,981
268,902 328,064
387,720 492,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

GROVE CONSTRUCTION (LONDON) LIMITED (REGISTERED NUMBER: 07231235)

BALANCE SHEET - continued
30 APRIL 2024


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 1 February 2025 and were signed by:





J Corcoran - Director


GROVE CONSTRUCTION (LONDON) LIMITED (REGISTERED NUMBER: 07231235)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. Statutory information

Grove Construction (London) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

GROVE CONSTRUCTION (LONDON) LIMITED (REGISTERED NUMBER: 07231235)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2023 - 14 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 May 2023 128,603
Additions 97,714
Disposals (80,252 )
At 30 April 2024 146,065
Depreciation
At 1 May 2023 93,275
Charge for year 14,087
Eliminated on disposal (64,783 )
At 30 April 2024 42,579
Net book value
At 30 April 2024 103,486
At 30 April 2023 35,328

GROVE CONSTRUCTION (LONDON) LIMITED (REGISTERED NUMBER: 07231235)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
Cost
Additions 36,600
At 30 April 2024 36,600
Depreciation
Charge for year 991
At 30 April 2024 991
Net book value
At 30 April 2024 35,609

5. Debtors: amounts falling due within one year
30.4.24 30.4.23
£ £
Trade debtors 1,645,800 631,893
Other debtors 1,089,311 1,229,829
2,735,111 1,861,722

6. Creditors: amounts falling due within one year
30.4.24 30.4.23
£ £
Bank loans and overdrafts 101,673 158,831
Hire purchase contracts 5,718 -
Trade creditors 2,574,194 1,582,176
Taxation and social security 114,890 19,196
Other creditors 47,819 17,290
2,844,294 1,777,493

7. Creditors: amounts falling due after more than one year
30.4.24 30.4.23
£ £
Bank loans 81,820 157,347
Hire purchase contracts 17,336 -
99,156 157,347