General Information
The Growth House Ltd is a private company, limited by shares, registered in England and Wales, registration number 11514333, registration address Unit 8 - The Umpires Lodge Remenham Lane, Remenham, Henley-On-Thames, RG9 3DB.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
20% Straight Line |
| Plant and Machinery |
33% Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 4 (2024 : 3).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Land and Buildings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 January 2025 |
61,453 |
|
15,659 |
|
77,112 |
| Additions |
1,412 |
|
- |
|
1,412 |
| Disposals |
- |
|
- |
|
- |
| At 31 December 2025 |
62,865 |
|
15,659 |
|
78,524 |
| Depreciation |
| At 01 January 2025 |
50,594 |
|
9,395 |
|
59,989 |
| Charge for year |
11,164 |
|
3,132 |
|
14,296 |
| On disposals |
- |
|
- |
|
- |
| At 31 December 2025 |
61,758 |
|
12,527 |
|
74,285 |
| Net book values |
| Closing balance as at 31 December 2025 |
1,107 |
|
3,132 |
|
4,239 |
| Opening balance as at 01 January 2025 |
10,859 |
|
6,264 |
|
17,123 |
The net book value of Land and Buildings includes £ 3,132 (2024 £6,264) in respect of assets leased under finance leases or hire purchase contracts.
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
264,337 |
|
362,000 |
| Other Debtors |
129,616 |
|
105,847 |
|
393,953 |
|
467,847 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
39,100 |
|
8,451 |
| Bank Loans & Overdrafts (Secured) |
222 |
|
0 |
| Corporation Tax |
118,497 |
|
111,856 |
| Other Creditors |
90,103 |
|
67,292 |
| VAT |
35,489 |
|
46,754 |
|
283,411 |
|
234,353 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts (secured) |
252 |
|
0 |
|
252 |
|
0 |
|
| 7. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
2
Ordinary shares of £1.00 each |
2 |
|
2 |
|
2 |
|
2 |
|
3
|