Groovy Gecko Limited 31/03/2025 iXBRL

Company registration number: 03955205

Groovy Gecko Limited

Unaudited filleted financial statements

31 March 2025

Groovy Gecko Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Groovy Gecko Limited

Directors and other information


Directors	C. Moehl
	J Ward
	D. J. Moehl
	J. H. Zincke	(Appointed 1 April 2025)


Secretary	D. J. Moehl


Company number	03955205


Registered office	31-35 Pitfield Street
	First Floor
	London
	N1 6HB


Business address	31-35 Pitfield Street
	First Floor
	London
	N1 6HB


Accountants	SRV Delson
	Maruti House
	1st Floor
	369 Station Road
	Harrow
	HA1 2AW




	Bankers	National Westminster Bank plc
		127 Kilburn High Road
		London
		NW6 6JL

Groovy Gecko Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	64,435		77,271
		_______		_______
			64,435		77,271

Current assets
Debtors	7	946,721		590,113
Cash at bank and in hand		1,042,549		977,562
		_______		_______
		1,989,270		1,567,675
Creditors: amounts falling due
within one year	8	( 1,309,166)		( 1,153,496)
		_______		_______
Net current assets			680,104		414,179
			_______		_______
Total assets less current liabilities			744,539		491,450

Creditors: amounts falling due
after more than one year	9		-		( 137,500)
			_______		_______
Net assets			744,539		353,950
			_______		_______

Capital and reserves
Called up share capital	10		238		238
Profit and loss account	11		744,301		353,712
			_______		_______
Shareholders funds			744,539		353,950
			_______		_______

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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 12 December 2025 , and are signed on behalf of the board by:

C. Moehl

Director

Company registration number: 03955205

Groovy Gecko Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 31-35 Pitfield Street, First Floor, London, N1 6HB.

Principal Activities

The principal activity of the company continues to be the provision of internet streaming facilities.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors consider that in preparing the financial statements, they have taken into account all the information that could reasonably be expected to be available together with their continued support and that of the bank to the company. On this basis the directors consider that it is appropriate to prepare the financial statements on a going concern basis.These financial statements do not include any adjustments that would result if the company would cease trading.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

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.

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in 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 in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2024: 25 ).

5. Tax on profit/loss

Major components of tax income/expense

	2025	2024
	£	£
Current tax:
UK current tax expense	77,846	-
Adjustments in respect of previous periods	( 173,766)	60,348
	_______	_______
Tax on profit/loss	( 95,920)	60,348
	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	472,604	42,205	514,809
Additions	5,796	-	5,796
	_______	_______	_______
At 31 March 2025	478,400	42,205	520,605
	_______	_______	_______
Depreciation
At 1 April 2024	412,979	24,560	437,539
Charge for the year	14,220	4,411	18,631
	_______	_______	_______
At 31 March 2025	427,199	28,971	456,170
	_______	_______	_______
Carrying amount
At 31 March 2025	51,201	13,234	64,435
	_______	_______	_______
At 31 March 2024	59,625	17,645	77,270
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	644,373	359,157
Other debtors	302,348	230,956
	_______	_______
	946,721	590,113
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	68,341	104,310
Social security and other taxes	268,896	148,359
Other creditors	971,929	900,827
	_______	_______
	1,309,166	1,153,496
	_______	_______

Other creditors include the directors current account balance as per note 12.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	-	137,500
	_______	_______

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £1 each shares of £ 1.00 each	100	100	100	100
Ordinary B shares of £1 each shares of £ 1.00 each	128	128	128	128
Ordinary C shares of £1 each shares of £ 1.00 each	10	10	10	10
	_______	_______	_______	_______
	238	238	238	238
	_______	_______	_______	_______

Called-up share capital represents the nominal value of shares that have been issued.

11. Reserves

The profit & loss reserve includes all current and prior year's retained profits and losses

12. Directors advances, credits and guarantees

	Balance brought forward and o/standing	Balance brought forward and o/standing
	2025	2024
	£	£
C. Moehl	5,846	5,846
	_______	_______

13. Related party transactions

The amounts owed to the directors are disclosed in note 12.

14. Controlling party

The controlling interest is held by the directors and shareholders of the company.