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REGISTERED NUMBER: 10218910 (England and Wales)









Financial Statements

for the Year Ended 31 March 2024

for

Growing Good Limited

Growing Good Limited (Registered number: 10218910)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Growing Good Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J Lyle





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 10218910 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Growing Good Limited (Registered number: 10218910)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 1,309 7,925

CURRENT ASSETS
Inventories - 14,144
Debtors 5 1,707,900 1,864,327
Cash at bank and in hand 45,446 25,486
1,753,346 1,903,957
CREDITORS
Amounts falling due within one year 6 (1,136,867 ) (1,518,326 )
NET CURRENT ASSETS 616,479 385,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,788

393,556

CREDITORS
Amounts falling due after more than one
year

7

(22,620

)

(25,875

)

PROVISIONS FOR LIABILITIES (327 ) (1,981 )
NET ASSETS 594,841 365,700

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 594,741 365,600
SHAREHOLDERS' FUNDS 594,841 365,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2025 and were signed by:





J Lyle - Director


Growing Good Limited (Registered number: 10218910)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Growing Good 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.

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


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 represents net invoiced sales of pre-grown Christmas trees. The company is registered under the Agricultural flat rate scheme and is exempt from VAT on the sale of these items.

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 cost

Stocks
Inventories 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - 5 ).

Growing Good Limited (Registered number: 10218910)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 35,348
DEPRECIATION
At 1 April 2023 27,423
Charge for year 6,616
At 31 March 2024 34,039
NET BOOK VALUE
At 31 March 2024 1,309
At 31 March 2023 7,925

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,000 2,000
Amounts owed by group undertakings 1,684,100 1,835,527
Other debtors 21,800 26,800
1,707,900 1,864,327

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,386 11,500
Trade creditors 10,265 466,720
Amounts owed to group undertakings 1,014,616 771,117
Taxation and social security 104,238 64,622
Other creditors 3,362 204,367
1,136,867 1,518,326

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 22,620 25,875

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 5,076 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 27,006 37,375

The bank loan is secured by a fixed and floating charge over the company's assets.