Company Registration No. SC576674 (Scotland)
Grow and Thrive Limited
Unaudited accounts
for the year ended 31 March 2025
Grow and Thrive Limited
Unaudited accounts
Contents
Grow and Thrive Limited
Company Information
for the year ended 31 March 2025
Directors
Judith Philip
Lois Frances Cameron
James Dearie
Eilidh Macaskill
Company Number
SC576674 (Scotland)
Registered Office
Room 18, Haypark Business Centre
Marchmonth Avenue
Polmont
Falkirk
FK2 0NZ
Accountants
Armet Accounting Ltd
Room 31
Haypark Business Centre
Polmont
FK2 0NZ
Grow and Thrive Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
11,368
9,905
Creditors: amounts falling due within one year
(24,624)
(48,997)
Net current liabilities
(9,074)
(16,929)
Total assets less current liabilities
(8,092)
(14,240)
Provisions for liabilities
Net liabilities
(8,212)
(14,476)
Profit and loss account
(8,212)
(14,476)
Members' funds
(8,212)
(14,476)
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 30 December 2025 and were signed on its behalf by
Judith Philip
Director
Company Registration No. SC576674
Grow and Thrive Limited
Notes to the Accounts
for the year ended 31 March 2025
Grow and Thrive Limited is a private company, limited by guarantee, registered in Scotland, registration number SC576674. The registered office is Room 18, Haypark Business Centre, Marchmonth Avenue, Polmont, Falkirk, FK2 0NZ.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill being the amount paid in acquisition of a business in 2017, has now been amortised in full.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 Years Straight Line
Fixtures & fittings
4 Years Straight Line
Computer equipment
4 Years Straight Line
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Grow and Thrive Limited
Notes to the Accounts
for the year ended 31 March 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
2,286
6,420
11,653
20,359
At 31 March 2025
2,286
6,420
11,653
20,359
At 1 April 2024
2,286
5,543
9,841
17,670
Charge for the year
-
481
1,226
1,707
At 31 March 2025
2,286
6,024
11,067
19,377
At 31 March 2025
-
396
586
982
At 31 March 2024
-
877
1,812
2,689
Amounts falling due within one year
Trade debtors
4,182
22,163
Grow and Thrive Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
650
5,477
Loans from directors
11,321
14,332
Deferred income
9,352
19,401
The director has provided an unsecured, interest free loan to the company of £11,295 (2024: £14,332).
8
Deferred taxation
2025
2024
Accelerated capital allowances
120
236
Provision at start of year
236
684
Credited to the profit and loss account
(116)
(448)
Provision at end of year
120
236
9
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
10
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
6,202
8,769
11
Average number of employees
During the year the average number of employees was 2 (2024: 4).