Registered Number 04740781

GROVE CARE LIMITED

Abbreviated Accounts

30 April 2016

GROVE CARE LIMITED Registered Number 04740781

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 209,040 231,166
Tangible assets 3 166,813 175,342
Investments 4 1 1
375,854 406,509
Current assets
Stocks 8,679 5,645
Debtors 6,934,849 2,332,469
Cash at bank and in hand 721,352 480,126
7,664,880 2,818,240
Creditors: amounts falling due within one year 5 (427,894) (380,527)
Net current assets (liabilities) 7,236,986 2,437,713
Total assets less current liabilities 7,612,840 2,844,222
Creditors: amounts falling due after more than one year 5 (5,272,801) (652,052)
Total net assets (liabilities) 2,340,039 2,192,170
Capital and reserves
Called up share capital 6 124 124
Profit and loss account 2,339,915 2,192,046
Shareholders' funds 2,340,039 2,192,170
  • For the year ending 30 April 2016 the company was entitled to exemption 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.

Approved by the Board on 24 January 2017

And signed on their behalf by:
S McCarthy Taylor, Director

GROVE CARE LIMITED Registered Number 04740781

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of services provided during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Leasehold properties - Straight line over the life of the lease
Plant and machinery - 15% reducing balance
Motor vehicles - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Stock
Stock is valued at the lower of cost and net realisable value.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

2Intangible fixed assets
£
Cost
At 1 May 2015 442,528
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2016 442,528
Amortisation
At 1 May 2015 211,362
Charge for the year 22,126
On disposals -
At 30 April 2016 233,488
Net book values
At 30 April 2016 209,040
At 30 April 2015 231,166
3Tangible fixed assets
£
Cost
At 1 May 2015 397,897
Additions 23,507
Disposals -
Revaluations -
Transfers -
At 30 April 2016 421,404
Depreciation
At 1 May 2015 222,555
Charge for the year 32,036
On disposals -
At 30 April 2016 254,591
Net book values
At 30 April 2016 166,813
At 30 April 2015 175,342

4Fixed assets Investments
Subsidiary undertaking

Holdings of 20% or more - The company holds 20% or more of the share capital of the following companies:
Shares held
Subsidiary undertaking Country of registration Nature of business Class %
Grove Care Developments Ltd United Kingdom Building development Ordinary £1 100%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves Profit for the year
£ £
Grove Care Developments Ltd 1 -

5Creditors
2016
£
2015
£
Non-instalment debts due after 5 years 5,272,801 652,052
6Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100
24 A Ordinary shares of £1 each 24 24