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Registered number: 10344679
Grow SRP Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
CJM Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10344679
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 364 442
Tangible Assets 5 4,572 4,705
4,936 5,147
CURRENT ASSETS
Debtors 6 43,504 37,884
Cash at bank and in hand 558,869 677,225
602,373 715,109
Creditors: Amounts Falling Due Within One Year 7 (232,613 ) (149,897 )
NET CURRENT ASSETS (LIABILITIES) 369,760 565,212
TOTAL ASSETS LESS CURRENT LIABILITIES 374,696 570,359
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,142 ) (1,176 )
NET ASSETS 373,554 569,183
CAPITAL AND RESERVES
Called up share capital 9 50 100
Capital redemption reserve 50 -
Profit and Loss Account 373,454 569,083
SHAREHOLDERS' FUNDS 373,554 569,183
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For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ben Phelan
Director
11/06/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Grow SRP Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10344679 . The registered office is 49 Navigation Loop, Stone, ST15 8ZH.
The presentation currency of the financial statements is Pound Sterling (£)
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to nil on a straight line basis over their expected useful economic life, of 10 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% straight line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
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4. Intangible Assets
Development Costs
£
Cost
As at 1 September 2024 780
As at 31 August 2025 780
Amortisation
As at 1 September 2024 338
Impairment losses 78
As at 31 August 2025 416
Net Book Value
As at 31 August 2025 364
As at 1 September 2024 442
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2024 13,552
Additions 3,563
As at 31 August 2025 17,115
Depreciation
As at 1 September 2024 8,847
Provided during the period 3,696
As at 31 August 2025 12,543
Net Book Value
As at 31 August 2025 4,572
As at 1 September 2024 4,705
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 31,080 23,933
Other debtors 12,424 13,951
43,504 37,884
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 417 4,047
Other creditors 5,816 37
Taxation and social security 226,380 145,813
232,613 149,897
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 September 2024 1,176 1,176
Deferred taxation (34 ) (34 )
Balance at 31 August 2025 1,142 1,142
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 50 100
10. Ultimate Controlling Party
The company's ultimate controlling party is Ben Phelan .
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