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Company Registration No. 06247431 (England and Wales)
Banwell Garden Centre Limited Unaudited accounts for the year ended 31 December 2021
Banwell Garden Centre Limited Unaudited accounts Contents
Page
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Banwell Garden Centre Limited Company Information for the year ended 31 December 2021
Director
Mr R G Swatridge
Company Number
06247431 (England and Wales)
Registered Office
BANWELL GARDEN CENTRE BANWELL NURSERIES CASTLE HILL BANWELL SOMERSET BS29 6NX
Accountants
Poolbridge Accountancy Limited Forge Enterprise Centre 3 Church Road, West Huntspill Highbridge Somerset TA9 3RN
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Banwell Garden Centre Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Intangible assets
47,999 
55,999 
Tangible assets
106,501 
94,784 
154,500 
150,783 
Current assets
Inventories
93,255 
90,100 
Debtors
1,111 
21,576 
Cash at bank and in hand
458,453 
414,225 
552,819 
525,901 
Creditors: amounts falling due within one year
(409,385)
(422,836)
Net current assets
143,434 
103,065 
Total assets less current liabilities
297,934 
253,848 
Provisions for liabilities
Deferred tax
(8,157)
(6,243)
Net assets
289,777 
247,605 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
289,776 
247,604 
Shareholders' funds
289,777 
247,605 
For the year ending 31 December 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 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 12 September 2022 and were signed on its behalf by
Mr R G Swatridge Director Company Registration No. 06247431
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Banwell Garden Centre Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Banwell Garden Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 06247431. The registered office is BANWELL GARDEN CENTRE BANWELL NURSERIES, CASTLE HILL, BANWELL, SOMERSET, BS29 6NX.
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.
Turnover
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.
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:
Land & buildings
Nil
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is calculated on a 5% straight line basis.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Banwell Garden Centre Limited Notes to the Accounts for the year ended 31 December 2021
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2021
159,999 
At 31 December 2021
159,999 
Amortisation
At 1 January 2021
104,000 
Charge for the year
8,000 
At 31 December 2021
112,000 
Net book value
At 31 December 2021
47,999 
At 31 December 2020
55,999 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2021
74,184 
127,998 
46,375 
14,109 
2,844 
265,510 
Additions
- 
1,290 
23,990 
- 
749 
26,029 
At 31 December 2021
74,184 
129,288 
70,365 
14,109 
3,593 
291,539 
Depreciation
At 1 January 2021
10,617 
125,242 
24,234 
9,289 
1,344 
170,726 
Charge for the year
- 
1,012 
11,533 
1,205 
562 
14,312 
At 31 December 2021
10,617 
126,254 
35,767 
10,494 
1,906 
185,038 
Net book value
At 31 December 2021
63,567 
3,034 
34,598 
3,615 
1,687 
106,501 
At 31 December 2020
63,567 
2,756 
22,141 
4,820 
1,500 
94,784 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
(95)
19,244 
Accrued income and prepayments
1,206 
2,332 
1,111 
21,576 
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Banwell Garden Centre Limited Notes to the Accounts for the year ended 31 December 2021
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
44,167 
51,002 
VAT
- 
24,921 
Obligations under finance leases and hire purchase contracts
31,353 
- 
Trade creditors
141,030 
175,141 
Taxes and social security
87,304 
41,540 
Loans from directors
104,005 
129,582 
Accruals
1,526 
650 
409,385 
422,836 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr R G Swatridge
Loan to Company
(182,794)
78,789 
- 
(104,005)
(182,794)
78,789 
- 
(104,005)
9
Average number of employees
During the year the average number of employees was 20 (2020: 17).
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