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REGISTERED NUMBER: 13910930 (England and Wales)
























Unaudited Financial Statements

for the Period 1 March 2023 to 30 April 2024

for

Scale 2 Grow Ltd

Scale 2 Grow Ltd (Registered number: 13910930)






Contents of the Financial Statements
for the Period 1 March 2023 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Scale 2 Grow Ltd

Company Information
for the Period 1 March 2023 to 30 April 2024







DIRECTORS: R E Friend
Mrs R Friend





REGISTERED OFFICE: 1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT





REGISTERED NUMBER: 13910930 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Scale 2 Grow Ltd (Registered number: 13910930)

Balance Sheet
30 April 2024

30.4.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 415 680

CURRENT ASSETS
Inventories 6 - 2,640
Debtors 7 15,236 620
Cash at bank 1,810 2,660
17,046 5,920
CREDITORS
Amounts falling due within one year 8 23,956 33,294
NET CURRENT LIABILITIES (6,910 ) (27,374 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,495

)

(26,694

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (6,595 ) (26,794 )
SHAREHOLDERS' FUNDS (6,495 ) (26,694 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

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 19 December 2024 and were signed on its behalf by:





R E Friend - Director


Scale 2 Grow Ltd (Registered number: 13910930)

Notes to the Financial Statements
for the Period 1 March 2023 to 30 April 2024

1. STATUTORY INFORMATION

Scale 2 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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. There were no material departures from that accounting standard.

3. ACCOUNTING POLICIES

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

At the balance sheet date the company had net current liabilities of £6,910, however the directors believe that the company will be able to meet its liabilities as they fall due and therefore feel it appropriate to draw up these financial statements on the going concern basis. These financial statements do not include any adjustments that would result should the company be unable to continue trading.

Turnover
Revenue 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.
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Financial instruments
Financial instruments in the form of loans from corporate shareholders are recognised at the undiscounted cash amount required to settle the obligation.

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.


Scale 2 Grow Ltd (Registered number: 13910930)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 30 April 2024

3. 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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price

Accounting period
The company extended its accounting year end, therefore these financial statements are of a duration of 427 days. Consequently, the results for the current period are not directly comparable with those of the previous period which covered 383 days.

4. EMPLOYEES AND DIRECTORS

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

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 March 2023
and 30 April 2024 906
DEPRECIATION
At 1 March 2023 226
Charge for period 265
At 30 April 2024 491
NET BOOK VALUE
At 30 April 2024 415
At 28 February 2023 680

6. INVENTORIES
30.4.24 28.2.23
£    £   
Work-in-progress - 2,640

Scale 2 Grow Ltd (Registered number: 13910930)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 30 April 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 28.2.23
£    £   
Trade debtors 15,000 -
Prepayments and accrued income 236 620
15,236 620

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 28.2.23
£    £   
Other loans 7,500 5,000
Trade creditors 231 61
Social security and other taxes 2,545 219
Directors' current accounts 13,680 28,014
23,956 33,294

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 28.2.23
value: £    £   
100 Ordinary shares £1 100 100

10. CAPITAL COMMITMENTS
30.4.24 28.2.23
£    £   
Contracted but not provided for in the
financial statements - -

11. RELATED PARTY DISCLOSURES

Loans from members of key management personnel are unsecured and interest free with no specific repayment terms and is presented withing creditors due within one year.

In the year under review the company received loans from shareholders and at the balance sheet date the company owed £7,500 in respect of these loans. These loans are unsecured and interest free with no specific repayment terms and are presented within creditors due within one year.