IRIS Accounts Production v24.1.0.578 08799829 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087998292022-12-31087998292023-12-31087998292023-01-012023-12-31087998292021-12-31087998292022-01-012022-12-31087998292022-12-3108799829ns15:EnglandWales2023-01-012023-12-3108799829ns14:PoundSterling2023-01-012023-12-3108799829ns10:Director12023-01-012023-12-3108799829ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108799829ns10:SmallEntities2023-01-012023-12-3108799829ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108799829ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108799829ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108799829ns10:FullAccounts2023-01-012023-12-3108799829ns10:OrdinaryShareClass12023-01-012023-12-3108799829ns10:CompanySecretary12023-01-012023-12-3108799829ns10:RegisteredOffice2023-01-012023-12-3108799829ns5:CurrentFinancialInstruments2023-12-3108799829ns5:CurrentFinancialInstruments2022-12-3108799829ns5:Non-currentFinancialInstruments2023-12-3108799829ns5:Non-currentFinancialInstruments2022-12-3108799829ns5:ShareCapital2023-12-3108799829ns5:ShareCapital2022-12-3108799829ns5:RetainedEarningsAccumulatedLosses2023-12-3108799829ns5:RetainedEarningsAccumulatedLosses2022-12-3108799829ns5:PlantMachinery2023-01-012023-12-3108799829ns5:FurnitureFittings2022-12-3108799829ns5:MotorVehicles2022-12-3108799829ns5:ComputerEquipment2022-12-3108799829ns5:FurnitureFittings2023-01-012023-12-3108799829ns5:MotorVehicles2023-01-012023-12-3108799829ns5:ComputerEquipment2023-01-012023-12-3108799829ns5:FurnitureFittings2023-12-3108799829ns5:MotorVehicles2023-12-3108799829ns5:ComputerEquipment2023-12-3108799829ns5:FurnitureFittings2022-12-3108799829ns5:MotorVehicles2022-12-3108799829ns5:ComputerEquipment2022-12-3108799829ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108799829ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108799829ns10:OrdinaryShareClass12023-12-3108799829ns5:RetainedEarningsAccumulatedLosses2022-12-3108799829ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 08799829 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

London Grow Ltd

London Grow Ltd (Registered number: 08799829)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


London Grow Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: V Petryk





SECRETARY:





REGISTERED OFFICE: 1 Wrexham Road
Basildon
Essex
SS15 6PX





REGISTERED NUMBER: 08799829 (England and Wales)





ACCOUNTANTS: Clearword Limited
1 Wrexham Road
Laindon
Basildon
Essex
SS15 6PX

London Grow Ltd (Registered number: 08799829)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,441 39,419

CURRENT ASSETS
Stocks 5 529,155 546,732
Debtors 6 113,678 24,808
Cash at bank 38,288 155,707
681,121 727,247
CREDITORS
Amounts falling due within one year 7 211,634 237,537
NET CURRENT ASSETS 469,487 489,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,928

529,129

CREDITORS
Amounts falling due after more than one
year

8

133,788

144,635
NET ASSETS 368,140 384,494

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 368,040 384,394
SHAREHOLDERS' FUNDS 368,140 384,494

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 director acknowledges his 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.

London Grow Ltd (Registered number: 08799829)

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 director and authorised for issue on 20 December 2024 and were signed by:





V Petryk - Director


London Grow Ltd (Registered number: 08799829)

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

1. STATUTORY INFORMATION

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

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 etc - 25% on reducing balance and 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 4 ) .

London Grow Ltd (Registered number: 08799829)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 11,895 33,841 8,056 53,792
DEPRECIATION
At 1 January 2023 3,798 5,076 5,499 14,373
Charge for year 2,024 4,315 639 6,978
At 31 December 2023 5,822 9,391 6,138 21,351
NET BOOK VALUE
At 31 December 2023 6,073 24,450 1,918 32,441
At 31 December 2022 8,097 28,765 2,557 39,419

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 529,155 546,732

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 62,561 7,691
Amounts owed by group undertakings 60,500 -
Prepayments and accrued income (9,383 ) 17,117
113,678 24,808

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 95,346 181,104
Tax 4,060 19,485
Social security and other taxes 2,186 -
VAT 28,445 6,208
Other creditors 79,740 27,740
Directors' current accounts 1,857 3,000
211,634 237,537

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Trade creditors 133,788 144,635

London Grow Ltd (Registered number: 08799829)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary Shares £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2023 384,394
Profit for the year 12,646
Dividends (29,000 )
At 31 December 2023 368,040

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is V Petryk.