REGISTERED NUMBER: 06405269 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

FOR

GROWN AT HOME LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

5

3,843

5,765

Tangible assets

6

12,039

15,928

15,882

21,693

CURRENT ASSETS

Stocks

7

53,835

43,835

Debtors

8

199,101

199,408

Cash at bank

15,771

59,217

268,707

302,460

CREDITORS

Amounts falling due within one year

9

265,032

290,523

NET CURRENT ASSETS

3,675

11,937

TOTAL ASSETS LESS CURRENT LIABILITIES

19,557

33,630

CREDITORS

Amounts falling due after more than one year

10

(71,554

)

(30,093

)

PROVISIONS FOR LIABILITIES

11

-

(3,086

)

NET (LIABILITIES)/ASSETS

(51,997

)

451

CAPITAL AND RESERVES

Called up share capital

12

2

2

Retained earnings

(51,999

)

449

SHAREHOLDERS' FUNDS

(51,997

)

451

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

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

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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr A R A Harper - Director

1.	STATUTORY INFORMATION

Grown At Home 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:

06405269

Registered office:

Unit C, Forstal Farm Business Park

Goudhurst Road

Lamberhurst

Tunbridge Wells

Kent

TN3 8AG

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Website

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.

Website is being amortised evenly over its estimated useful life of four 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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Going concern

The accounts have been prepared on a going concern basis not withstanding the excess of current liabilities over current assets. The directors have confirmed their intention to continue their support to the company for the foreseeable future.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

5.	INTANGIBLE FIXED ASSETS

Website

£

COST

At 1 January 2024

and 31 December 2024

7,687

AMORTISATION

At 1 January 2024

1,922

Amortisation for year

1,922

At 31 December 2024

3,844

NET BOOK VALUE

At 31 December 2024

3,843

At 31 December 2023

5,765

6.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

63,242

26,520

89,762

Additions

-

125

125

At 31 December 2024

63,242

26,645

89,887

DEPRECIATION

At 1 January 2024

49,924

23,910

73,834

Charge for year

3,330

684

4,014

At 31 December 2024

53,254

24,594

77,848

NET BOOK VALUE

At 31 December 2024

9,988

2,051

12,039

At 31 December 2023

13,318

2,610

15,928

7.

STOCKS

2024

2023

£

£

Stocks

53,835

43,835

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

71,242

107,614

Amounts receivable on contracts

-

3,305

Other debtors

90,182

65,793

Tax repayable

29,246

20,733

VAT

895

1,963

Deferred tax asset

7,536

-

199,101

199,408

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,960

5,556

Other loans

14,243

15,464

Trade creditors

203,990

214,710

Corporation tax

17,799

16,872

PAYE and social security

16,194

14,545

Pension payable

792

896

Other creditors

606

2,279

Wages control account

-

12,651

Accruals and deferred income

5,448

7,550

265,032

290,523

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,556

-

Bank loans - 2-5 years

18,982

30,093

Other loans - 1-2 years

3,992

-

Other loans - 2-5 years

43,024

-

71,554

30,093

11.	PROVISIONS FOR LIABILITIES

2023

£

Deferred tax

Accelerated capital allowances

3,086

Deferred

tax

£

Balance at 1 January 2024

3,086

Provided during year

(10,622

)

Balance at 31 December 2024

(7,536

)

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr A R A Harper and Mrs P W R Harper

Balance outstanding at start of year

63,044

43,562

Amounts advanced

24,389

28,306

Amounts repaid

-

(8,824

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

87,433

63,044

Amounts due from directors at the balance sheet date total £87,433 (2023: £63,044). Amounts due are unsecured and repayable on demand. Interest has been charged using HM Revenue and Customs' beneficial loan rate.

14.	FIXED AND FLOATING CHARGE

Lloyds Bank Commercial Finance Ltd holds fixed and floating charges over the assets of the company in respect of an All Assets Debenture.