Company registration number 09012413 (England and Wales)
GROW SOFTWARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
GROW SOFTWARE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
GROW SOFTWARE LIMITED
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
50,000
50,000
Current assets
Debtors
4
14,477
27,004
Cash at bank and in hand
14,750
19,318
29,227
46,322
Creditors: amounts falling due within one year
5
(107,182)
(106,599)
Net current liabilities
(77,955)
(60,277)
Total assets less current liabilities
(27,955)
(10,277)
Creditors: amounts falling due after more than one year
6
(2,385,562)
(2,385,413)
Net liabilities
(2,413,517)
(2,395,690)
Capital and reserves
Called up share capital
7
20
20
Share premium account
3,827
3,827
Other reserves
246,000
246,000
Profit and loss reserves
(2,663,364)
(2,645,537)
Total equity
(2,413,517)
(2,395,690)
GROW SOFTWARE LIMITED
BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 31 July 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 6 March 2025 and are signed on its behalf by:
S Mahdavi
Director
Company registration number 09012413 (England and Wales)
GROW SOFTWARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information
Grow Software Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5a Bear Lane, Southwark, London, United Kingdom, SE1 0UH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The accounts have been prepared on the going concern basis due to the continued financial support of the director.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
GROW SOFTWARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
3
Fixed asset investments
2024
2023
£
£
Other investments other than loans
50,000
50,000
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
12,396
Other debtors
14,477
14,608
14,477
27,004
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
149
Trade creditors
104,800
104,800
Other creditors
2,382
1,650
107,182
106,599
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
2,385,562
2,385,413
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary shares of 1p each
1,996
1,996
20
20
8
Related party transactions
As of the reporting date, the company owed £104,800 (2023 - £104.800) to a company under common control. No guarantees have been given or received.