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REGISTERED NUMBER: 11349338 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Growzz Limited

Growzz Limited (Registered number: 11349338)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Growzz Limited (Registered number: 11349338)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 26,756 38,835
Investments 5 1 1
26,757 38,836

Current assets
Debtors 6 24,953 39,452
Cash at bank 10,812 120,161
35,765 159,613
Creditors
Amounts falling due within one year 7 13,746 37,126
Net current assets 22,019 122,487
Total assets less current liabilities 48,776 161,323

Capital and reserves
Called up share capital 8 201 201
Share premium 49,900 49,900
Retained earnings (1,325 ) 111,222
Shareholders' funds 48,776 161,323

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Growzz Limited (Registered number: 11349338)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:





P E Wenckebach - Director


Growzz Limited (Registered number: 11349338)

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

1. Statutory information

Growzz Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11349338

Registered office: Pound House
62a Highgate High Street
London
N6 5HX

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost
Motor vehicles - 20% on cost

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


Growzz Limited (Registered number: 11349338)

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

2. Accounting policies - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

Growzz Limited (Registered number: 11349338)

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

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 November 2023 2,821 55,990 58,811
Disposals (83 ) - (83 )
At 31 October 2024 2,738 55,990 58,728
Depreciation
At 1 November 2023 1,313 18,663 19,976
Charge for year 560 11,485 12,045
Eliminated on disposal (49 ) - (49 )
At 31 October 2024 1,824 30,148 31,972
Net book value
At 31 October 2024 914 25,842 26,756
At 31 October 2023 1,508 37,327 38,835

5. Fixed asset investments
Shares in
group
undertaking
£   
Cost
At 1 November 2023
and 31 October 2024 1
Net book value
At 31 October 2024 1
At 31 October 2023 1

Growzz Limited (Registered number: 11349338)

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

5. Fixed asset investments - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Growzz Software Limited
Registered office: Pound House, 62a Highgate High Street, London, England, N6 5HX
Nature of business: Software exploitation
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves (40 ) (1,141 )
Profit/(loss) for the year 1,101 (21,074 )

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by participating interests 570 19,035
Other debtors 23,880 3,613
Directors' loan accounts - 15,500
VAT 503 1,304
24,953 39,452

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,222 3,380
Corporation Tax - 18,299
Social security and other taxes 3,182 3,895
Other creditors 4,379 4,690
Directors' current accounts 4,963 6,862
13,746 37,126

Growzz Limited (Registered number: 11349338)

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

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,500 A Ordinary 1p 25 25
5,000 B Ordinary 1p 50 50
2,500 C Ordinary 1p 25 25
1 D Ordinary 1p 1 1
5,000 E Ordinary 1p 50 50
3,000 F Ordinary 1p 30 30
1,000 G Ordinary 1p 10 10
1,000 H Ordinary 1p 10 10
201 201

9. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
A Bocci
Balance outstanding at start of year 15,500 -
Amounts advanced - 15,500
Amounts repaid (15,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 15,500

Interest of £120 (2023: £64) has been charged on this advance.

10. Ultimate controlling party

The ultimate controlling party is is the directors together.