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
Grow Close Company Limited
Company Information
for the year ended 30 April 2024
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
Grow Close Company Limited
Statement of financial position
as at 30 April 2024
Tangible assets
66,952
65,991
Cash at bank and in hand
22,887
20,835
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)
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
Grow Close Company Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
Grow Close Company Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
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)
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
2,490
2,490
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).