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REGISTERED NUMBER: 06405269 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023

FOR

GROWN AT HOME LIMITED

GROWN AT HOME LIMITED (REGISTERED NUMBER: 06405269)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


GROWN AT HOME LIMITED (REGISTERED NUMBER: 06405269)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 5,765 -
Tangible assets 6 15,928 21,237
21,693 21,237

CURRENT ASSETS
Stocks 7 43,835 37,154
Debtors 8 199,410 168,467
Cash at bank 59,217 9,814
302,462 215,435
CREDITORS
Amounts falling due within one year 9 290,525 207,898
NET CURRENT ASSETS 11,937 7,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,630

28,774

CREDITORS
Amounts falling due after more than
one year

10

(30,093

)

(35,488

)

PROVISIONS FOR LIABILITIES 11 (3,086 ) (2,259 )
NET ASSETS/(LIABILITIES) 451 (8,973 )

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 449 (8,975 )
SHAREHOLDERS' FUNDS 451 (8,973 )

GROWN AT HOME LIMITED (REGISTERED NUMBER: 06405269)

BALANCE SHEET - continued
31 DECEMBER 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 March 2024 and were signed on its behalf by:





Mr A R A Harper - Director


GROWN AT HOME LIMITED (REGISTERED NUMBER: 06405269)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Grown At Home Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06405269

Registered office: Unit C, Forstal Farm Business Park
Goudhurst Road
Lamberhurst
Tunbridge Wells
Kent
TN3 8AG

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Website
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

GROWN AT HOME LIMITED (REGISTERED NUMBER: 06405269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


GROWN AT HOME LIMITED (REGISTERED NUMBER: 06405269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Website
£   
COST
Additions 7,687
At 31 December 2023 7,687
AMORTISATION
Amortisation for year 1,922
At 31 December 2023 1,922
NET BOOK VALUE
At 31 December 2023 5,765

GROWN AT HOME LIMITED (REGISTERED NUMBER: 06405269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 63,242 26,520 89,762
DEPRECIATION
At 1 January 2023 45,485 23,040 68,525
Charge for year 4,439 870 5,309
At 31 December 2023 49,924 23,910 73,834
NET BOOK VALUE
At 31 December 2023 13,318 2,610 15,928
At 31 December 2022 17,757 3,480 21,237

7. STOCKS
2023 2022
£    £   
Stocks 43,835 37,154

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 107,614 112,927
Provision for doubtful debts - (4,519 )
Amounts receivable on contracts 3,305 -
Other debtors 65,795 46,693
Tax repayable 20,733 10,685
VAT 1,963 2,591
Prepayments and accrued income - 90
199,410 168,467

GROWN AT HOME LIMITED (REGISTERED NUMBER: 06405269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,636
Other loans 15,464 -
Trade creditors 214,710 181,423
Corporation tax 16,872 8,083
PAYE and social security 14,545 7,345
Pension payable 896 602
Other creditors 2,279 -
Wages control account 12,651 -
Accruals and deferred income 7,552 4,809
290,525 207,898

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 30,093 35,488

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 3,086 2,259

Deferred
tax
£   
Balance at 1 January 2023 2,259
Provided during year 827
Balance at 31 December 2023 3,086

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

GROWN AT HOME LIMITED (REGISTERED NUMBER: 06405269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr A R A Harper and Mrs P W R Harper
Balance outstanding at start of year 43,562 (26,500 )
Amounts advanced 28,306 70,062
Amounts repaid (8,824 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,044 43,562

During the year, interest of £1,055 (2022: £431) was charged on the overdrawn director's account balance, interest was charged at HMRC's official rate interest of 2%.

14. FIXED AND FLOATING CHARGE

Lloyds Bank Commercial Finance Ltd holds fixed and floating charges over the assets of the company in respect of an All Assets Debenture.