GROVES AND GROVES LIMITED


Directors	Dr Andrew Groves
	Dr Emma Groves


Registered Address	289 Otley Road
	Weetwood
	Leeds
	LS16 5LN


Registered Number	13240699 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		676,042		674,242
Tangible assets	4		119,950		75,141
			795,992		749,383
Current assets
Stocks	5	10,245		9,488
Debtors		6,756		12,699
Cash at bank and on hand		83,892		169,218
		100,893		191,405
Creditors amounts falling due within one year	6	(445,477)		(474,262)
Net current assets (liabilities)			(344,584)		(282,857)
Total assets less current liabilities			451,408		466,526
Creditors amounts falling due after one year	7		(261,609)		(287,411)
Provisions for liabilities	8		(26,238)		(14,069)
Net assets			163,561		165,046
Capital and reserves
Called up share capital			200		200
Profit and loss account			163,361		164,846
Shareholders' funds			163,561		165,046

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 21 November 2025, and are signed on its behalf by:

Dr Andrew Groves
Director

Dr Emma Groves
Director

Registered Company No. 13240699

GROVES AND GROVES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Basis of preparation
	The financial statements have been prepared on the historical cost basis.

	Functional and presentation currency
	The financial statements are presented in sterling, which is the functional currency of the entity.

	Going concern
	The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine.  All these matters have impacted the company's trading results to a greater or lesser extent.  At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

	Turnover policy
	The revenue shown in the profit and loss account represents income receivable from dental treatments carried out during the period. Revenue in respect of dental treatment uncompleted at the year end date is recognised by reference to the state of completion.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Employee benefits

Contributions to defined contribution plans are expensed in the period to which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted, or substantively enacted, by the reporting date that are expected to apply to the reversal of the timing difference.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted, or substantively enacted, by the reporting date that are expected to apply to the reversal of the timing difference.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


		Reducing balance (%)
	Plant and machinery	20
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. 

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

	Stocks and work in progress
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	23		23

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	674,242	674,242
Additions	1,800	1,800
At 31 March 25	676,042	676,042
Net book value
At 31 March 25	676,042	676,042
At 31 March 24	674,242	674,242

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	-	97,147	1,461	98,608
Additions	13,201	58,363	-	71,564
At 31 March 25	13,201	155,510	1,461	170,172
Depreciation and impairment
At 01 April 24	-	23,101	366	23,467
Charge for year	-	26,482	273	26,755
At 31 March 25	-	49,583	639	50,222
Net book value
At 31 March 25	13,201	105,927	822	119,950
At 31 March 24	-	74,046	1,095	75,141

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	10,245	9,488
Total	10,245	9,488

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	33,145	25,109
Bank borrowings and overdrafts	32,300	27,293
Taxation and social security	53,649	75,958
Finance lease and HP contracts	37,783	18,144
Other creditors	283,604	324,729
Accrued liabilities and deferred income	4,996	3,029
Total	445,477	474,262

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	261,609	287,411
Total	261,609	287,411

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	26,238	14,069
Total	26,238	14,069

9.	Related party transactions
	During the year the directors made available a loan to the company. The loan was interest free and repayable upon demand. The balance at the year end was £283,604 (2024: £324,729).