Caseware UK (AP4) 2023.0.135 2023.0.135 false 2024-01-01 false No description of principal activity 2 2 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05234110 2024-01-01 2024-12-31 05234110 2023-01-01 2023-12-31 05234110 2024-12-31 05234110 2023-12-31 05234110 c:Director1 2024-01-01 2024-12-31 05234110 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 05234110 d:Buildings d:LongLeaseholdAssets 2024-12-31 05234110 d:Buildings d:LongLeaseholdAssets 2023-12-31 05234110 d:CurrentFinancialInstruments 2024-12-31 05234110 d:CurrentFinancialInstruments 2023-12-31 05234110 d:Non-currentFinancialInstruments 2024-12-31 05234110 d:Non-currentFinancialInstruments 2023-12-31 05234110 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05234110 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05234110 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 05234110 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05234110 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 05234110 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 05234110 d:ShareCapital 2024-12-31 05234110 d:ShareCapital 2023-12-31 05234110 d:RetainedEarningsAccumulatedLosses 2024-12-31 05234110 d:RetainedEarningsAccumulatedLosses 2023-12-31 05234110 c:FRS102 2024-01-01 2024-12-31 05234110 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05234110 c:FullAccounts 2024-01-01 2024-12-31 05234110 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05234110 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 05234110 GROOVEFILE LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR For the Year Ended 31 December 2024
GROOVEFILE LIMITED Registered number: 05234110 BALANCE SHEET As at 31 December 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 119,838 |  | 121,341
|  |  | 119,838 |  | 121,341
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 9,803 |  | 11,003 |
Cash at bank and in hand | 6 | 1,193 |  | 89 |
|  | 10,996 |  | 11,092 |
Creditors: amounts falling due within one year | 7 | (279,908) |  | (283,156) |
Net current liabilities |  |  | (268,912) |  | (272,064)
Total assets less current liabilities |  |  | (149,074) |  | (150,723)
Creditors: amounts falling due after more than one year | 8 |  | - |  | (2,683)
Net liabilities |  |  | (149,074) |  | (153,406)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | (149,076) |  | (153,408)
|  |  | (149,074) |  | (153,406)
Page 1
GROOVEFILE LIMITED Registered number: 05234110 BALANCE SHEET (CONTINUED) As at 31 December 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 comprehensive income 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 on 18 September 2025.
A.D. Kearney
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
GROOVEFILE LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 December 2024
1. | General information
Groovefile Limited is a private company limited by shares, registered in the United Kingdom number 05234110. Its registered office is Manor House, 35 St. Thomas's Road, Chorley, Lancs, PR7 1HP. During the year, the principal activity of the company continued to be that of property investment. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. 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: 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 | 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. Page 3
GROOVEFILE LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 December 2024 2.Accounting policies (continued)
| 2.3 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | L/Term Leasehold Property | - | 1% | 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.
| 2.4 | 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.
| 2.5 | 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.
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
Page 4
GROOVEFILE LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 December 2024
4. | Tangible fixed assets
|  | L/Term Leasehold Property
|  | £
| Cost or valuation |
| At 1 January 2024 | 150,267
| At 31 December 2024 | 150,267
| Depreciation |
| At 1 January 2024 | 28,926
| Charge for the year on owned assets | 1,503
| At 31 December 2024 | 30,429
| Net book value |
| At 31 December 2024 | 119,838
| At 31 December 2023 | 121,341
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other debtors | 9,803 | 11,003
|  | 9,803 | 11,003
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,193 | 89
|  | 1,193 | 89
Page 5
GROOVEFILE LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 December 2024
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 2,224 | 7,280
| Other creditors | 275,914 | 274,166
| Accruals and deferred income | 1,770 | 1,710
|  | 279,908 | 283,156
| The following liabilities were secured:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | - | 7,280
|  | - | 7,280
| Details of security provided:
Bank borrowings are secured against the company's long term leasehold property.
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | - | 2,683
|  | - | 2,683
| The following liabilities were secured:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | - | 2,683
|  | - | 2,683
| Details of security provided:
Bank borrowings are secured against the company's long term leasehold property. Page 6
GROOVEFILE LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 December 2024
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 2,224 | 7,280
|  | 2,224 | 7,280
| Amounts falling due 2-5 years |  |
| Bank loans | - | 2,683
|  | - | 2,683
|  | 2,224 | 9,963
Page 7