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REGISTERED NUMBER: 09560455 (England and Wales)















GROW BUSINESS SOLUTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GROW BUSINESS SOLUTIONS LTD (REGISTERED NUMBER: 09560455)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GROW BUSINESS SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: I Godfrey
Mrs J Godfrey





REGISTERED OFFICE: 16 Jubilee Parkway
Jubilee Business Park
Derby
Derbyshire
DE21 4BJ





BUSINESS ADDRESS: Coney Green Business Park
Wingfield View
Clay Cross
S45 9JW





REGISTERED NUMBER: 09560455 (England and Wales)

GROW BUSINESS SOLUTIONS LTD (REGISTERED NUMBER: 09560455)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 551 1,032

CURRENT ASSETS
Debtors 5 7,314 7,089
Cash at bank 35,724 42,260
43,038 49,349
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

43,133

49,705
NET CURRENT LIABILITIES (95 ) (356 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

456

676

PROVISIONS FOR LIABILITIES 8 105 196
NET ASSETS 351 480

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 349 478
SHAREHOLDERS' FUNDS 351 480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

GROW BUSINESS SOLUTIONS LTD (REGISTERED NUMBER: 09560455)

BALANCE SHEET - continued
31 MARCH 2024


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 29 August 2024 and were signed on its behalf by:





I Godfrey - Director


GROW BUSINESS SOLUTIONS LTD (REGISTERED NUMBER: 09560455)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Grow Business Solutions 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.

Turnover
Turnover represents net invoiced sales of goods and services, net of value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

GROW BUSINESS SOLUTIONS LTD (REGISTERED NUMBER: 09560455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 2,615 12,036 14,651
Additions - 419 419
At 31 March 2024 2,615 12,455 15,070
DEPRECIATION
At 1 April 2023 2,306 11,313 13,619
Charge for year 157 743 900
At 31 March 2024 2,463 12,056 14,519
NET BOOK VALUE
At 31 March 2024 152 399 551
At 31 March 2023 309 723 1,032

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,788 6,718
Other debtors 526 371
7,314 7,089

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10 11
Taxation and social security 7,802 8,963
Other creditors 35,321 40,731
43,133 49,705

GROW BUSINESS SOLUTIONS LTD (REGISTERED NUMBER: 09560455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 3,000 3,000
Between one and five years 3,000 3,000
6,000 6,000

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 105 196

Deferred
tax
£   
Balance at 1 April 2023 196
Provided during year (91 )
Balance at 31 March 2024 105

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
2 2

10. ULTIMATE CONTROLLING PARTY

The controlling party is the company's directors.