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Company Registration No. 14086070 (England and Wales)
Internal Growth Ltd Unaudited accounts for the year ended 31 May 2026
Internal Growth Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Internal Growth Ltd Company Information for the year ended 31 May 2026
Director
N A Merrey
Company Number
14086070 (England and Wales)
Registered Office
PANORAMIC HOUSE THE WATERMARK BANKSIDE GATESHEAD NE11 9SY UNITED KINGDOM
Accountants
Craven Professional Solutions 126 Monkswell House Manse Lane Knaresborough North Yorkshire HG5 8NQ
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Internal Growth Ltd Statement of financial position as at 31 May 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
1,333
-
Current assets
Debtors
5
8,291
2,230
Cash at bank and in hand
2,390
4,214
10,681
6,444
Creditors: amounts falling due within one year
6
(5,189)
(7,468)
Net current assets/(liabilities)
5,492
(1,024)
Net assets/(liabilities)
6,825
(1,024)
Capital and reserves
Called up share capital
100
100
Profit and loss account
6,725
(1,124)
Shareholders' funds
6,825
(1,024)
For the year ending 31 May 2026 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 21 July 2026 and were signed on its behalf by
N A Merrey Director Company Registration No. 14086070
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Internal Growth Ltd Notes to the Accounts for the year ended 31 May 2026
1
Statutory information
Internal Growth Ltd is a private company, limited by shares, registered in England and Wales, registration number 14086070. The registered office is PANORAMIC HOUSE THE WATERMARK, BANKSIDE, GATESHEAD, NE11 9SY, UNITED KINGDOM.
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 remained unchanged from the previous year, and also 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.
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:
Fixtures & fittings
25% p.a. on a reducing balance basis
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 June 2025
-
Additions
1,777
At 31 May 2026
1,777
Depreciation
Charge for the year
444
At 31 May 2026
444
Net book value
At 31 May 2026
1,333
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Other debtors
8,291
2,230
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Internal Growth Ltd Notes to the Accounts for the year ended 31 May 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
1,776
-
Taxes and social security
1,265
-
Other creditors
1,848
7,168
Accruals
300
300
5,189
7,468
7
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
N A Merrey
Director's Loan Account
-
6,174
113
6,061
-
6,174
113
6,061
During the year a director loan was made to N A Merrey with a maximum amount outstanding of £6,174 and a balance owed to the Company at 31 May 2026 of £6,061. This was repaid to the Company on 10 July 2026.
8
Transactions with related parties
Included in other creditors as at 31 May 2026 is £1,848 (2025 £7,168) owed to Twentyco Limited, a company under common control. Included in debtors as at 31 May 2026 is £2,230 (2025 £2,230) due from WHM Investments Limited, a company in which N A Merrey is both a shareholder and director in.
9
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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