Registered number
09169389
Growth 4 Employment Services Limited
Report and Accounts
31 July 2023
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Growth 4 Employment Services Limited
Registered number: 09169389
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 34,829 262,667
Cash at bank and in hand 33,941 12,657
68,770 275,324
Creditors: amounts falling due within one year 4 (58,855) (260,990)
Net current assets 9,915 14,334
Net assets 9,915 14,334
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,914 14,333
Shareholders' funds 9,915 14,334
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
I Beech
Director
Approved by the board on 8 November 2023
Growth 4 Employment Services Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 11
3 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 30,545 260,363
Other debtors 4,284 2,304
34,829 262,667
4 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 6,057 234,616
Corporation tax 2,210 2,068
Other taxes and social security costs 7,909 8,372
Other creditors 42,679 15,934
58,855 260,990
5 Related party transactions
The company provides services to Accountancy 4 Wealth Limited, Accountancy 4 Success Limited, Accountancy 4 Tax Savings Limited and Growth 4 Businesses Limited. These have been provided on commercial terms.
6 Controlling party
The company is owned by Manila Enterprises Limited, a company controlled by a consortium of the group's employees.
Growth 4 Employment Services Limited 09169389 false 2022-08-01 2023-07-31 2023-07-31 VT Final Accounts April 2022 I Beech No description of principal activity 09169389 2021-08-01 2022-07-31 09169389 core:WithinOneYear 2022-07-31 09169389 core:ShareCapital 2022-07-31 09169389 core:RetainedEarningsAccumulatedLosses 2022-07-31 09169389 2022-08-01 2023-07-31 09169389 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09169389 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 09169389 bus:Director40 2022-08-01 2023-07-31 09169389 bus:FRS102 2022-08-01 2023-07-31 09169389 bus:FullAccounts 2022-08-01 2023-07-31 09169389 2023-07-31 09169389 core:WithinOneYear 2023-07-31 09169389 core:ShareCapital 2023-07-31 09169389 core:RetainedEarningsAccumulatedLosses 2023-07-31 09169389 2022-07-31 iso4217:GBP xbrli:pure