Company Registration No. 08959035 (England and Wales)
GROWING TOGETHER EXPONENTIALLY LIMITED
Unaudited accounts
for the year ended 31 March 2021
GROWING TOGETHER EXPONENTIALLY LIMITED
Unaudited accounts
Contents
GROWING TOGETHER EXPONENTIALLY LIMITED
Company Information
for the year ended 31 March 2021
Directors
Benjamin Shorter
Simone Vincenzi
Company Number
08959035 (England and Wales)
Registered Office
776-778 BARKING ROAD
INTERNATIONAL HOUSE
LONDON
E13 9PJ
ENGLAND
Accountants
Annette & Co.
28 Kittlegairy Crescent
Peebles
EH45 9NJ
GROWING TOGETHER EXPONENTIALLY LIMITED
Statement of financial position
as at 31 March 2021
Cash at bank and in hand
52,077
1,661
Creditors: amounts falling due within one year
(319,760)
(268,622)
Net current assets/(liabilities)
42,100
(10,761)
Total assets less current liabilities
50,100
(5,761)
Creditors: amounts falling due after more than one year
(50,000)
-
Net assets/(liabilities)
100
(5,761)
Called up share capital
100
100
Profit and loss account
-
(5,861)
Shareholders' funds
100
(5,761)
For the year ending 31 March 2021 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 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 of Directors and authorised for issue on 23 August 2021 and were signed on its behalf by
Benjamin Shorter
Director
Company Registration No. 08959035
GROWING TOGETHER EXPONENTIALLY LIMITED
Notes to the Accounts
for the year ended 31 March 2021
GROWING TOGETHER EXPONENTIALLY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08959035. The registered office is 776-778 BARKING ROAD, INTERNATIONAL HOUSE, LONDON, E13 9PJ, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
25% Straight Line Method
Investments in shares are included at fair value.
4
Tangible fixed assets
Computer equipment
GROWING TOGETHER EXPONENTIALLY LIMITED
Notes to the Accounts
for the year ended 31 March 2021
5
Investments
Other investments
Valuation at 1 April 2020
5,000
Valuation at 31 March 2021
8,000
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
291,704
238,122
Other debtors
18,079
18,078
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
24,207
47,490
Taxes and social security
9,170
13,190
Other creditors
21,332
14,013
Loans from directors
(56,940)
(55,627)
Deferred income
240,556
193,940
8
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
50 Simone Vincenzi of £1 each
50
50
50 Benjamin Shorter of £1 each
50
50
10
Average number of employees
During the year the average number of employees was 2 (2020: 2).
