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REGISTERED NUMBER: 09465009 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

REGROWZ LTD

REGROWZ LTD (REGISTERED NUMBER: 09465009)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REGROWZ LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs B Gill





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH





REGISTERED NUMBER: 09465009 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

REGROWZ LTD (REGISTERED NUMBER: 09465009)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 70,800 -
Tangible assets 5 1 61
Investments 6 399,757 399,757
470,558 399,818

CURRENT ASSETS
Stocks 7 288,783 146,088
Debtors 8 45,208 57,288
Cash at bank 12,414 17,916
346,405 221,292
CREDITORS
Amounts falling due within one year 9 1,875,120 1,464,135
NET CURRENT LIABILITIES (1,528,715 ) (1,242,843 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,058,157

)

(843,025

)

CREDITORS
Amounts falling due after more than one
year

10

1,692,430

1,701,830
NET LIABILITIES (2,750,587 ) (2,544,855 )

CAPITAL AND RESERVES
Called up share capital 118 118
Retained earnings (2,750,705 ) (2,544,973 )
SHAREHOLDERS' FUNDS (2,750,587 ) (2,544,855 )

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 her 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.

REGROWZ LTD (REGISTERED NUMBER: 09465009)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:





Mrs B Gill - Director


REGROWZ LTD (REGISTERED NUMBER: 09465009)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Regrowz 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 represents net sales of goods excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Distribution licence are being amortised evenly over their estimated useful life of five years.

Product development costs are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - Straight line over 5 years
Fixtures and fittings - Straight line over 5 years
Computer equipment - Straight line over 4 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

REGROWZ LTD (REGISTERED NUMBER: 09465009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors and loans from banks.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalent
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Interest income
Interest income is recognised in profit or loss using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Product
Distribution development Computer
licence costs software Totals
£    £    £    £   
COST
At 1 April 2023 50,000 28,467 7,300 85,767
Additions - - 70,800 70,800
At 31 March 2024 50,000 28,467 78,100 156,567
AMORTISATION
At 1 April 2023
and 31 March 2024 50,000 28,467 7,300 85,767
NET BOOK VALUE
At 31 March 2024 - - 70,800 70,800
At 31 March 2023 - - - -

REGROWZ LTD (REGISTERED NUMBER: 09465009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 130,026 425 2,464 132,915
DEPRECIATION
At 1 April 2023 130,025 365 2,464 132,854
Charge for year - 60 - 60
At 31 March 2024 130,025 425 2,464 132,914
NET BOOK VALUE
At 31 March 2024 1 - - 1
At 31 March 2023 1 60 - 61

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 399,757
NET BOOK VALUE
At 31 March 2024 399,757
At 31 March 2023 399,757

7. STOCKS
2024 2023
£    £   
Stocks 288,783 146,088

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 44,821 44,821
Other debtors 317 7,725
VAT - 3,987
Prepayments and accrued income 70 755
45,208 57,288

REGROWZ LTD (REGISTERED NUMBER: 09465009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,400 9,400
Trade creditors 48,883 5,400
VAT 2,092 -
Other creditors 7,339 11,472
Directors' current accounts 1,802,906 1,433,363
Accruals and deferred income 4,500 4,500
1,875,120 1,464,135

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,967 9,400
Bank loans - 2-5 years - 10,967
Other loans - 2-5 years 1,681,463 1,681,463
1,692,430 1,701,830