Registered Number 04740781

GROVE CARE LIMITED

Abbreviated Accounts

30 April 2015

GROVE CARE LIMITED Registered Number 04740781

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 231,166 253,292
Tangible assets 3 175,342 191,170
Investments 4 1 1
406,509 444,463
Current assets
Stocks 5,645 7,298
Debtors 2,332,469 1,984,296
Cash at bank and in hand 480,126 261,851
2,818,240 2,253,445
Creditors: amounts falling due within one year 5 (380,527) (907,750)
Net current assets (liabilities) 2,437,713 1,345,695
Total assets less current liabilities 2,844,222 1,790,158
Creditors: amounts falling due after more than one year 5 (652,052) 0
Total net assets (liabilities) 2,192,170 1,790,158
Capital and reserves
Called up share capital 6 124 124
Profit and loss account 2,192,046 1,790,034
Shareholders' funds 2,192,170 1,790,158
  • For the year ending 30 April 2015 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 21 January 2016

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 2015

1Accounting Policies

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 2014 442,528
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2015 442,528
Amortisation
At 1 May 2014 189,236
Charge for the year 22,126
On disposals -
At 30 April 2015 211,362
Net book values
At 30 April 2015 231,166
At 30 April 2014 253,292
3Tangible fixed assets
£
Cost
At 1 May 2014 380,882
Additions 17,015
Disposals -
Revaluations -
Transfers -
At 30 April 2015 397,897
Depreciation
At 1 May 2014 189,712
Charge for the year 32,843
On disposals -
At 30 April 2015 222,555
Net book values
At 30 April 2015 175,342
At 30 April 2014 191,170

4Fixed assets Investments
Holdings of 20% or more
The company holds 20% or more of the share capital in the subsidiary undertaking
Grove Care Developments Ltd. A company incorporated in the UK. The nature of business is building development. 100% of the ordinary class of shares is held. The company was incorporated on 7 November 2013.

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows of Grove Care Developments Ltd - Capital and reserves of £1 and profit for the year of £nil.

5Creditors
2015
£
2014
£
Instalment debts due after 5 years 652,052 -
6Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100
24 B Ordinary shares of £1 each 24 24