Company Registration No. 4685395 (England and Wales)
Groovy Limited
Unaudited accounts
for the year ended 31 March 2025
Groovy Limited
Unaudited accounts
Contents
Groovy Limited
Company Information
for the year ended 31 March 2025
Director
Ivan James Hodges
Company Number
4685395 (England and Wales)
Registered Office
New Court,
Cowbridge Rd
Llantwit Major
CF61 2YS
United Kingdom
Accountants
A40infobahn Limited
Bron Haul
Penlan Road
CARMARTHEN
Carmarthenshire
SA31 1DN
Groovy Limited
Statement of financial position
as at 31 March 2025
Tangible assets
273,775
193,899
Cash at bank and in hand
6,823
8,368
Creditors: amounts falling due within one year
(159,831)
(86,201)
Net current liabilities
(101,011)
(15,056)
Net assets
173,265
179,344
Called up share capital
358,505
358,505
Revaluation reserve
7,659
7,659
Profit and loss account
(192,899)
(186,820)
Shareholders' funds
173,265
179,344
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 May 2025 and were signed on its behalf by
Ivan James Hodges
Director
Company Registration No. 4685395
Groovy Limited
Notes to the Accounts
for the year ended 31 March 2025
Groovy Limited is a private company, limited by shares, registered in England and Wales, registration number 4685395. The registered office is New Court,, Cowbridge Rd, Llantwit Major, CF61 2YS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible Assets are written off over their estimated useful life.
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
196,000
15,938
544
212,482
Additions
83,980
-
-
83,980
Disposals
(1,500)
-
-
(1,500)
At 31 March 2025
278,480
15,938
544
294,962
At 1 April 2024
2,500
15,680
403
18,583
Charge for the year
2,500
86
18
2,604
At 31 March 2025
5,000
15,766
421
21,187
At 31 March 2025
273,480
172
123
273,775
At 31 March 2024
193,500
258
141
193,899
Groovy Limited
Notes to the Accounts
for the year ended 31 March 2025
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Investments
Subsidiary undertakings
Valuation at 1 April 2024
501
Valuation at 31 March 2025
501
Amounts falling due within one year
Amounts due from group undertakings etc.
40,736
40,736
Other debtors
5,514
12,746
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,815
2,097
Amounts owed to group undertakings and other participating interests
80,507
80,143
Taxes and social security
(1,887)
-
Loans from directors
79,396
3,961
Allotted, called up and fully paid:
140,005 Ordinary shares A of £1 each
140,005
140,005
218,500 Ordinary Shares B of £1 each
218,500
218,500
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Average number of employees
During the year the average number of employees was 0 (2024: 0).