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Company Registration No. 05428721 (England and Wales)
Grow Close Company Limited Unaudited accounts for the year ended 30 April 2024
Grow Close Company Limited Unaudited accounts Contents
Page
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Grow Close Company Limited Company Information for the year ended 30 April 2024
Director
Ian Cook
Company Number
05428721 (England and Wales)
Registered Office
The Natural Health Market Unit 10, Winterbeck Ind Est Orston Lane, Bottsford Leicestershire NG13 0AU
Accountants
Cain Squires 1 UNION STREET SECOND FLOOR LONG EATON NOTTINGHAMSHIRE NG10 1HH
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Grow Close Company Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,952 
65,991 
Current assets
Inventories
17,954 
14,638 
Debtors
18,227 
17,390 
Cash at bank and in hand
22,887 
20,835 
59,068 
52,863 
Creditors: amounts falling due within one year
(27,478)
(23,259)
Net current assets
31,590 
29,604 
Total assets less current liabilities
98,542 
95,595 
Creditors: amounts falling due after more than one year
(61,929)
(80,550)
Net assets
36,613 
15,045 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
36,611 
15,043 
Shareholders' funds
36,613 
15,045 
For the year ending 30 April 2024 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 31 January 2025 and were signed on its behalf by
Ian Cook Director Company Registration No. 05428721
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Grow Close Company Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Grow Close Company Limited is a private company, limited by shares, registered in England and Wales, registration number 05428721. The registered office is The Natural Health Market, Unit 10, Winterbeck Ind Est, Orston Lane, Bottsford, Leicestershire, NG13 0AU.
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.
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
72,609 
43,380 
1,806 
16,412 
134,207 
Additions
3,020 
15,000 
439 
4,513 
22,972 
At 30 April 2024
75,629 
58,380 
2,245 
20,925 
157,179 
Depreciation
At 1 May 2023
46,704 
10,845 
1,044 
9,623 
68,216 
Charge for the year
7,371 
11,884 
300 
2,456 
22,011 
At 30 April 2024
54,075 
22,729 
1,344 
12,079 
90,227 
Net book value
At 30 April 2024
21,554 
35,651 
901 
8,846 
66,952 
At 30 April 2023
25,905 
32,535 
762 
6,789 
65,991 
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Grow Close Company Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
10,771 
9,448 
Trade debtors
7,456 
7,942 
18,227 
17,390 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
55,551 
38,195 
Taxes and social security
7,575 
266 
Other creditors
14,480 
3,924 
Loans from directors
(50,128)
(19,126)
27,478 
23,259 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
59,439 
78,060 
Other creditors
2,490 
2,490 
61,929 
80,550 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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