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Company Registration No. 15289009 (England and Wales)
Grow Barbershop Ltd Unaudited accounts for the period from 16 November 2023 to 31 March 2025
Grow Barbershop Ltd Unaudited accounts Contents
Page
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Grow Barbershop Ltd Company Information for the period from 16 November 2023 to 31 March 2025
Director
E Branford
Company Number
15289009 (England and Wales)
Accountants
Accountancy Plus & Payroll People Ltd 9 Langley Street Langley Norwich Norfolk NR14 6DE
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Grow Barbershop Ltd Statement of financial position as at 31 March 2025
2025 
Notes
£ 
Current assets
Inventories
500 
Debtors
3,236 
Cash at bank and in hand
22,906 
26,642 
Creditors: amounts falling due within one year
(22,490)
Net current assets
4,152 
Net assets
4,152 
Capital and reserves
Called up share capital
5 
Profit and loss account
4,147 
Shareholders' funds
4,152 
For the period ending 31 March 2025 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 28 August 2025 and were signed on its behalf by
E Branford Director Company Registration No. 15289009
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Grow Barbershop Ltd Notes to the Accounts for the period from 16 November 2023 to 31 March 2025
1
Statutory information
Grow Barbershop Ltd is a private company, limited by shares, registered in England and Wales, registration number 15289009.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The Directors have considered the Company's position at the time of signing of the financial statements, and based on this, the Directors have concluded that they have a reasonable expectation the Company will have adequate resources to continue in operation existence for the foreseeable future and therefore continue to adopt the going concern basis in preparing these financial statements.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments in ordinary shares.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash & cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable within penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible know amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transactions costs, and are measure subsequently at amortised cost using the effective interest method.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
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Grow Barbershop Ltd Notes to the Accounts for the period from 16 November 2023 to 31 March 2025
Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Dividends
Equity dividends are recognised when they become legally payable. Interim dividends are recognised when paid. Final dividends are recognised when approved by the shareholders.
4
Debtors
2025 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,236 
5
Creditors: amounts falling due within one year
2025 
£ 
Taxes and social security
5,736 
Loans from directors
16,349 
Accruals
405 
22,490 
6
Average number of employees
During the period the average number of employees was 1.
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