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Company Registration No. 12264154 (England and Wales)
Growth Generals Ltd Unaudited accounts for the year ended 31 October 2023
Growth Generals Ltd Unaudited accounts Contents
Page
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Growth Generals Ltd Company Information for the year ended 31 October 2023
Director
Tomas Alfoldi
Company Number
12264154 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
Accountants
SH Accounting Solutions Ltd Office 1, 319a Holdenhurst Road Bournemouth BH8 8BT
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Growth Generals Ltd Accountants' report
Accountants' report to the director of Growth Generals Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 October 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 October 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
SH Accounting Solutions Ltd Office 1, 319a Holdenhurst Road Bournemouth BH8 8BT 24 July 2024
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Growth Generals Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,878 
7,000 
Current assets
Debtors
- 
620 
Cash at bank and in hand
39,477 
15,608 
39,477 
16,228 
Creditors: amounts falling due within one year
(8,667)
(8,464)
Net current assets
30,810 
7,764 
Net assets
34,688 
14,764 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
34,687 
14,763 
Shareholders' funds
34,688 
14,764 
For the year ending 31 October 2023 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 his 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 24 July 2024 and were signed on its behalf by
Tomas Alfoldi Director Company Registration No. 12264154
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Growth Generals Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Growth Generals Ltd is a private company, limited by shares, registered in England and Wales, registration number 12264154. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
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 remained unchanged from the previous year, and also 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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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:
Computer equipment
33% straight line
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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Growth Generals Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
13,336 
Additions
998 
At 31 October 2023
14,334 
Depreciation
At 1 November 2022
6,336 
Charge for the year
4,120 
At 31 October 2023
10,456 
Net book value
At 31 October 2023
3,878 
At 31 October 2022
7,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
620 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
7,968 
7,040 
Other creditors
49 
1,024 
Accruals
650 
400 
8,667 
8,464 
7
Transactions with related parties
During the year, the company made the below related party transactions: Director During the year, the director received loans of £274 and repaid £312. The amount owed to the director at the year end was £49 (2022 £11).
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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