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REGISTERED NUMBER: 08008175 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

FOR

GROWPURA LIMITED

GROWPURA LIMITED (REGISTERED NUMBER: 08008175)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GROWPURA LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023







DIRECTORS: N J Bateman
J M Richardson
Dr B Zhang
N D Stephens
M C D Swanwick





SECRETARY: N J Bateman





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 08008175 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
PRESTON
Lancashire
PR2 2YH

GROWPURA LIMITED (REGISTERED NUMBER: 08008175)

BALANCE SHEET
31 DECEMBER 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,725,606 1,351,156
Tangible assets 5 698,324 739,037
Investments 6 1 1
2,423,931 2,090,194

CURRENT ASSETS
Stocks - 2,869
Debtors 7 454,214 461,532
Cash at bank 107,372 588,744
561,586 1,053,145
CREDITORS
Amounts falling due within one year 8 850,259 1,132,342
NET CURRENT LIABILITIES (288,673 ) (79,197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,135,258

2,010,997

CREDITORS
Amounts falling due after more than one
year

9

1,471,549

1,462,507
NET ASSETS 663,709 548,490

CAPITAL AND RESERVES
Called up share capital 136,643 136,643
Share premium 526,107 526,107
Retained earnings 959 (114,260 )
SHAREHOLDERS' FUNDS 663,709 548,490

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

GROWPURA LIMITED (REGISTERED NUMBER: 08008175)

BALANCE SHEET - continued
31 DECEMBER 2023


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 27 February 2024 and were signed on its behalf by:





N J Bateman - Director


GROWPURA LIMITED (REGISTERED NUMBER: 08008175)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

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

Intangible fixed assets
An intangible fixed asset is identified at cost if it is probable that the future economic benefits that are attributable to the asset will flow to the entity; and the cost of the asset can be measured reliably.

The probability of future economic benefits are based on reasonable and supportable assumptions about conditions that will exist over the life of the asset.

If the recognition criteria are not met the expenditure on this item is recognised as an expense when it is incurred.

Intangible fixed assets include both development costs and patents and licences.

Development costs are being amortised over the periods expected to benefit from them.

Patents and licences have not been amortised.

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 - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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

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

Taxation
Taxation for the period 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.


GROWPURA LIMITED (REGISTERED NUMBER: 08008175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

Research and development
Expenditure on pure research is written off in the year in which it is incurred.

Development expenditure is accounted for in accordance with the policy set out in the intangible fixed asset section of this note.

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.

Going concern
The directors believe that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted

The company is in advanced discussions with funders and investors which the directors are confident will be successfully concluded within months and believe that the company has sufficient trade and financial resources to continue to operate until that time. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 April 2023 58,337 1,493,359 1,551,696
Additions 8,230 395,002 403,232
At 31 December 2023 66,567 1,888,361 1,954,928
AMORTISATION
At 1 April 2023 - 200,540 200,540
Amortisation for period - 28,782 28,782
At 31 December 2023 - 229,322 229,322
NET BOOK VALUE
At 31 December 2023 66,567 1,659,039 1,725,606
At 31 March 2023 58,337 1,292,819 1,351,156

GROWPURA LIMITED (REGISTERED NUMBER: 08008175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 725,694 3,435 16,376 745,505
Additions 18,484 - 550 19,034
At 31 December 2023 744,178 3,435 16,926 764,539
DEPRECIATION
At 1 April 2023 - 2,205 4,263 6,468
Charge for period 55,813 231 3,703 59,747
At 31 December 2023 55,813 2,436 7,966 66,215
NET BOOK VALUE
At 31 December 2023 688,365 999 8,960 698,324
At 31 March 2023 725,694 1,230 12,113 739,037

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 March 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 350,000 250,000
Other debtors 8,985 8,992
Tax 89,301 191,331
VAT 4,050 8,216
Prepayments and accrued income 1,878 2,993
454,214 461,532

GROWPURA LIMITED (REGISTERED NUMBER: 08008175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 60,312 54,168
Social security and other taxes 59,927 24,959
Other creditors 2,280 340,200
Accrued expenses 102,740 88,015
Deferred government grants 625,000 625,000
850,259 1,132,342

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£    £   
Other creditors 477,789 -
Deferred government grants 993,760 1,462,507
1,471,549 1,462,507

10. ULTIMATE CONTROLLING PARTY

The Company is under the control of its directors and shareholders. No one individual or entity is the ultimate controlling party.