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REGISTERED NUMBER: 03853352 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Grove Insurance Services (Derbyshire)
Limited

Grove Insurance Services (Derbyshire)
Limited (Registered number: 03853352)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Grove Insurance Services (Derbyshire)
Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: D G Smeaton





REGISTERED OFFICE: 7 Grove Parade
Buxton
Derbyshire
SK17 6AJ





REGISTERED NUMBER: 03853352 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Grove Insurance Services (Derbyshire)
Limited (Registered number: 03853352)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,422 3,316

CURRENT ASSETS
Debtors 5 20,133 21,122
Cash at bank and in hand 258,737 244,918
278,870 266,040
CREDITORS
Amounts falling due within one year 6 130,306 138,772
NET CURRENT ASSETS 148,564 127,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,986

130,584

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 149,986 129,584
SHAREHOLDERS' FUNDS 150,986 130,584

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 5 February 2025 and were signed by:





D G Smeaton - Director


Grove Insurance Services (Derbyshire)
Limited (Registered number: 03853352)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Grove Insurance Services (Derbyshire) 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.

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 represents insurance commissions received.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
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 4 (2023 - 4 ) .

Grove Insurance Services (Derbyshire)
Limited (Registered number: 03853352)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 1,248 13,839 3,614 18,701
DEPRECIATION
At 1 January 2024 519 12,068 2,798 15,385
Charge for year 182 443 269 894
At 31 December 2024 701 12,511 3,067 16,279
NET BOOK VALUE
At 31 December 2024 547 1,328 547 2,422
At 31 December 2023 729 1,771 816 3,316

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 16,503 17,492
Prepayments 3,630 3,630
20,133 21,122

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 16,094 17,480
Premiums payable 110,717 118,241
Directors' current accounts 661 352
Accrued expenses 2,834 2,699
130,306 138,772