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Company Registration No. 13377115 (England and Wales)
Grow Well Consultancy Ltd Unaudited accounts for the period from 5 May 2021 to 31 March 2022
Grow Well Consultancy Ltd Unaudited accounts Contents
Page
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Grow Well Consultancy Ltd Company Information for the period from 5 May 2021 to 31 March 2022
Director
J McGowan
Company Number
13377115 (England and Wales)
Registered Office
62 Stoke Fields Guildford GU1 4LS
Accountants
Switchfoot Accounting Limited 147 Frimley Road Camberley GU15 2PS
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Grow Well Consultancy Ltd Statement of financial position as at 31 March 2022
2022 
Notes
£ 
Fixed assets
Intangible assets
5,208 
Tangible assets
178 
5,386 
Current assets
Debtors
7,972 
Cash at bank and in hand
9,374 
17,346 
Creditors: amounts falling due within one year
(18,101)
Net current liabilities
(755)
Net assets
4,631 
Capital and reserves
Called up share capital
1 
Profit and loss account
4,630 
Shareholders' funds
4,631 
For the period ending 31 March 2022 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2022 and were signed on its behalf by
J McGowan Director Company Registration No. 13377115
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Grow Well Consultancy Ltd Notes to the Accounts for the period from 5 May 2021 to 31 March 2022
1
Statutory information
Grow Well Consultancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 13377115. The registered office is 62 Stoke Fields, Guildford, GU1 4LS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Fixtures & fittings
20% on cost
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Grow Well Consultancy Ltd Notes to the Accounts for the period from 5 May 2021 to 31 March 2022
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 5 May 2021
- 
Additions
7,500 
At 31 March 2022
7,500 
Amortisation
At 5 May 2021
- 
Charge for the period
2,292 
At 31 March 2022
2,292 
Net book value
At 31 March 2022
5,208 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 5 May 2021
- 
Additions
218 
At 31 March 2022
218 
Depreciation
Charge for the period
40 
At 31 March 2022
40 
Net book value
At 31 March 2022
178 
6
Debtors: amounts falling due within one year
2022 
£ 
Trade debtors
572 
Accrued income and prepayments
7,400 
7,972 
7
Creditors: amounts falling due within one year
2022 
£ 
VAT
4,223 
Trade creditors
23 
Taxes and social security
2,304 
Loans from directors
11,551 
18,101 
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Grow Well Consultancy Ltd Notes to the Accounts for the period from 5 May 2021 to 31 March 2022
8
Average number of employees
During the period the average number of employees was 1.
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