Company Registration No. 04689904 (England and Wales)
Growth Consulting Limited
Unaudited accounts
for the year ended 31 March 2025
Growth Consulting Limited
Statement of financial position
as at 31 March 2025
Tangible assets
4,570
6,173
Investment property
130,000
130,000
Cash at bank and in hand
1,716
2,734
Creditors: amounts falling due within one year
(30,750)
(29,849)
Net current liabilities
(28,356)
(26,577)
Total assets less current liabilities
106,214
109,596
Creditors: amounts falling due after more than one year
(36,886)
(34,362)
Provisions for liabilities
Deferred tax
(18,240)
(18,240)
Called up share capital
100
100
Profit and loss account
50,988
56,894
Shareholders' funds
51,088
56,994
For the year 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 directors acknowledge their 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 of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
Warren C Griffiths
Director
Company Registration No. 04689904
Growth Consulting Limited
Notes to the Accounts
for the year ended 31 March 2025
Growth Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 04689904. The registered office is 4 Old Dry Lane, Brigstock, Kettering, Northamptonshire, NN14 3HY.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance/over 4 years
Motor vehicles
25% reducing balance
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Growth Consulting Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
8,138
13,000
21,138
At 31 March 2025
8,138
13,000
21,138
At 1 April 2024
6,534
8,431
14,965
Charge for the year
460
1,143
1,603
At 31 March 2025
6,994
9,574
16,568
At 31 March 2025
1,144
3,426
4,570
At 31 March 2024
1,604
4,569
6,173
Fair value at 1 April 2024
130,000
The fair value of investment property was determined by the company director based on fair market value. The historical cost of the property is £34,000.
Amounts falling due within one year
Accrued income and prepayments
585
538
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
3,110
5,352
Trade creditors
3,160
4,524
Taxes and social security
5,087
9,317
Loans from directors
17,587
9,058
Growth Consulting Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
30,000
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).