Grove ITSM Limited - Filleted accounts

Registered number

07557549

Grove ITSM Limited

Filleted Accounts

31 March 2025

Grove ITSM Limited
Registered number:		07557549
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		-			368

Current assets
Cash at bank and in hand		57,755			76,913

Creditors: amounts falling due within one year	4	(1,913)			(10,857)

Net current assets			55,842			66,056

Net assets			55,842			66,424

Capital and reserves
Called up share capital			10			10
Profit and loss account			55,832			66,414

Shareholder's funds			55,842			66,424

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Nicola Anne Hodgson
Director
Approved by the board on 29 December 2025

Grove ITSM Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25%


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery
£
	Cost
	At 1 April 2024				7,046
	At 31 March 2025				7,046

	Depreciation
	At 1 April 2024				6,678
	Charge for the year				368
	At 31 March 2025				7,046

	Net book value
	At 31 March 2025				-
	At 31 March 2024				368


4	Creditors: amounts falling due within one year		2025		2024
£				£

	Loans from directors		1,663		10,607
	Other creditors		250		250
			1,913		10,857


5	Other information

	Grove ITSM Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Horsehill, Cross Lanes
	Pentrecoed
	Ellesmere
	Shropshire
	SY12 9EB