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REGISTERED NUMBER: 09382810 (England and Wales)












GROWTHENABLER GLOBAL LTD

Unaudited Financial Statements

for the Year Ended 31 March 2023






GROWTHENABLER GLOBAL LTD (REGISTERED NUMBER: 09382810)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GROWTHENABLER GLOBAL LTD

Company Information
for the Year Ended 31 March 2023







Directors: A K Malhotra
R Banduni





Registered office: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





Registered number: 09382810 (England and Wales)





Accountants: Michael Price Associates Limited
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY

GROWTHENABLER GLOBAL LTD (REGISTERED NUMBER: 09382810)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 871 1,306
Investments 5 1,200 1,200
2,071 2,506

Current assets
Debtors 6 77,184 200,325
Cash at bank 1,608 12,131
78,792 212,456
Creditors
Amounts falling due within one year 7 95,671 179,516
Net current (liabilities)/assets (16,879 ) 32,940
Total assets less current liabilities (14,808 ) 35,446

Creditors
Amounts falling due after more than one
year

8

59,854

60,032
Net liabilities (74,662 ) (24,586 )

Capital and reserves
Called up share capital 223 223
Share premium 9 767,184 767,184
Retained earnings 9 (842,069 ) (791,993 )
Shareholders' funds (74,662 ) (24,586 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





A K Malhotra - Director


GROWTHENABLER GLOBAL LTD (REGISTERED NUMBER: 09382810)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. Statutory information

Growthenabler Global Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

GROWTHENABLER GLOBAL LTD (REGISTERED NUMBER: 09382810)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2022
and 31 March 2023 1,741
Depreciation
At 1 April 2022 435
Charge for year 435
At 31 March 2023 870
Net book value
At 31 March 2023 871
At 31 March 2022 1,306

5. Fixed asset investments
Investment
in
subsidiary
companies
£   
Cost
At 1 April 2022
and 31 March 2023 1,200
Net book value
At 31 March 2023 1,200
At 31 March 2022 1,200

6. Debtors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Trade debtors - 120,257
Other debtors 77,184 80,068
77,184 200,325

7. Creditors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 1,435 1,438
Trade creditors - 69,994
Amounts owed to group undertakings - 826
Other creditors 94,236 107,258
95,671 179,516

8. Creditors: amounts falling due after more than one year
31/3/23 31/3/22
£    £   
Bank loans 46,836 45,521
Other creditors 13,018 14,511
59,854 60,032

GROWTHENABLER GLOBAL LTD (REGISTERED NUMBER: 09382810)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. Creditors: amounts falling due after more than one year - continued
31/3/23 31/3/22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 37,408

9. Reserves
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2022 (791,993 ) 767,184 (24,809 )
Deficit for the year (50,076 ) (50,076 )
At 31 March 2023 (842,069 ) 767,184 (74,885 )

10. Related party transactions

Included within other creditors are £12,478 (2022: £14,209) owing to A Malhotra, and £302 (2022: £302) owing to R Banduni, both of whom are directors and shareholders of the company. These amounts are repayable on demand and interest is accruing on the loan from A Malhotra at a rate of 7% per annum.