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GROWTH IDEA LIMITED |
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Unaudited Financial Statements |
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for the Year Ended 30 September 2019 |
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GROWTH IDEA LIMITED |
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Unaudited Financial Statements |
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for the Year Ended 30 September 2019 |
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GROWTH IDEA LIMITED (REGISTERED NUMBER: 06713079) |
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Contents of the Financial Statements |
for the year ended 30 September 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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GROWTH IDEA LIMITED |
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Company Information |
for the year ended 30 September 2019 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
GROWTH IDEA LIMITED (REGISTERED NUMBER: 06713079) |
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Balance Sheet |
30 September 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Debtors | 5 |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital |
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Retained earnings |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps 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 Sections 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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
signed on its behalf by: |
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GROWTH IDEA LIMITED (REGISTERED NUMBER: 06713079) |
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Notes to the Financial Statements |
for the year ended 30 September 2019 |
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1. | Statutory information |
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Growth Idea Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and |
Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | Employees and directors |
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The average number of employees during the year was
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GROWTH IDEA LIMITED (REGISTERED NUMBER: 06713079) |
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Notes to the Financial Statements - continued |
for the year ended 30 September 2019 |
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4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 October 2018 |
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Additions |
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At 30 September 2019 |
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Depreciation |
At 1 October 2018 |
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Charge for year |
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At 30 September 2019 |
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Net book value |
At 30 September 2019 |
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At 30 September 2018 |
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5. | Debtors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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GROWTH IDEA LIMITED (REGISTERED NUMBER: 06713079) |
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Notes to the Financial Statements - continued |
for the year ended 30 September 2019 |
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7. | Related party disclosures |
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Contribution to Remuneration Trust |
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By a deed dated 9th September 2015 the Company adhered to a remuneration trust. During the accounting |
period the company contributed £1,332,000 (2018: £720,000) |
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As at 30 September 2019 £59,162 (2018: £109,555) was due to the director Ms Shweta Jhajharia and |
£25,000 (2018: £50,000) to Mr Amol Maheshwari . These amounts are included in other creditors. |
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During the year dividend of £25,000 (2018-£25,000) was paid to the each director Ms Shweta Jhajharia |
and Mr Amol Maheshwari respectively. |
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At the year end a sum of £23,100 (2018: £225,211) was due from S J Mann Solutions Ltd a company |
under common control of the directors. |