Registered Number
:
07605029
|
For the year ended 30 April 2018
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2018
Grow Funding Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Grow Funding Ltd
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
161
75
2
161
75
Trade and other receivables
|
20,687
39,057
3
4,570
Cash and cash equivalents
|
1,563
40,620
25,257
Trade and other payables
:
amounts falling due within one
|
year
|
(17,514)
(21,741)
4
7,743
18,879
Net current assets
Total assets less current liabilities
|
19,040
7,818
Trade and other payables
:
amounts falling due after more
|
than one year
|
-
(16,483)
5
2,557
Net assets
7,818
100
100
2,457
7,718
2,557
7,818
Shareholders' funds
For the year ended 30 April 2018 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 of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
|
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
|
394
and
395
and which otherwise comply with the requirements of the Companies Act
2006
relating to financial
|
statements
,
so far as applicable to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mr Julian Stafford Director
|
These financial statements were approved and authorised for issue by the Board on 19 September 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 April 2018
Grow Funding Ltd
Notes to the Financial Statements
Statutory Information
Grow Funding Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
07605029
.
|
27a Goring Road
Worthing
West Sussex
BN12 4AR
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
''
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Property, plant and equipment
Property, plant and equipment, 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:
|
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
2
.
Property
,
plant and equipment
|
112
186
298
Provision for depreciation and impairment
|
37
Charge for year
100
137
161
75
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For the year ended 30 April 2018
Grow Funding Ltd
Notes to the Financial Statements Continued
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
|
Computer equipment
-
33
%
on cost
|
3
.
Trade and other receivables
|
2017
2018
491
(451)
Amounts owed by directors
|
38,128
21,138
438
-
20,687
39,057
4
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
3,493
-
685
(99)
Taxation and social security
|
17,228
17,278
Accruals and deferred income
|
335
335
21,741
17,514
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2017
2018
16,483
-
6
.
Directors advances and guarantees
|
The loans to the Directors, David McCloskey and David Scott were repaid in full within nine months of the year end.
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