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REGISTERED NUMBER: 05114620 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

EVERY OCCASION CARDSHOP LIMITED

EVERY OCCASION CARDSHOP LIMITED (REGISTERED NUMBER: 05114620)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EVERY OCCASION CARDSHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: G G Ingram
Mrs C Ingram





SECRETARY: Mrs C Ingram





REGISTERED OFFICE: Woodlands Farm
Freasley
Tamworth
Staffordshire
B78 2EY





REGISTERED NUMBER: 05114620 (England and Wales)





AUDITORS: Philip Barnes & Co Limited
Chartered Accountants
Statutory Auditors
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

EVERY OCCASION CARDSHOP LIMITED (REGISTERED NUMBER: 05114620)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,888 1,557
Investment property 6 - 460,000
2,888 461,557

CURRENT ASSETS
Stocks 265,446 271,064
Debtors 7 41,207 42,017
Cash at bank and in hand 72,960 49,042
379,613 362,123
CREDITORS
Amounts falling due within one year 8 158,970 638,186
NET CURRENT ASSETS/(LIABILITIES) 220,643 (276,063 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,531

185,494

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 223,431 185,394
SHAREHOLDERS' FUNDS 223,531 185,494

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:





G G Ingram - Director


EVERY OCCASION CARDSHOP LIMITED (REGISTERED NUMBER: 05114620)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Every Occasion Cardshop Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the basis that the company continues to operate as a going concern and that the company will remain in operational existence for the foreseeable future due to the ongoing support from Planters Garden Centre Ltd, its fellow subsidiary.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Group transactions
In accordance with the provisions of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', disclosure in not required of transactions between group members provided that any subsidiaries that are party to the transaction are wholly owned within the group.

The company's parent undertaking, Ingram Retailing Ltd, includes the company in it's consolidated financial statements, and these are available at its registered office Woodlands Farm, Freasley, Tamworth, Staffordshire, B78 2EY

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost and 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at lower of cost, and estimated selling price less costs to sell.


EVERY OCCASION CARDSHOP LIMITED (REGISTERED NUMBER: 05114620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES

The average number of employees during the year was 18 (2021 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 44,240
AMORTISATION
At 1 January 2022
and 31 December 2022 44,240
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

EVERY OCCASION CARDSHOP LIMITED (REGISTERED NUMBER: 05114620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2022 19,738
Additions 2,370
At 31 December 2022 22,108
DEPRECIATION
At 1 January 2022 18,181
Charge for year 1,039
At 31 December 2022 19,220
NET BOOK VALUE
At 31 December 2022 2,888
At 31 December 2021 1,557

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 460,000
Disposals (460,000 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 460,000


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 560 -
Other debtors 40,647 42,017
41,207 42,017

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 63,693 65,454
Amounts owed to group undertakings 37,262 520,267
Taxation and social security 53,035 46,798
Other creditors 4,980 5,667
158,970 638,186

EVERY OCCASION CARDSHOP LIMITED (REGISTERED NUMBER: 05114620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 20,000 20,000
Between one and five years 41,667 61,667
61,667 81,667

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Humphreys FCA (Senior Statutory Auditor)
for and on behalf of Philip Barnes & Co Limited

12. SECURITIES AND GUARANTEES

The company entered into an unlimited corporate guarantee in favour of the National Westminster Bank Plc in respect of Planters Garden Centre Ltd, a fellow subsidiary. At the year end bank indebtedness amounted to £1.7million (2021 £1.8million) and the net assets of the company at the year end amounted to £6.4million (2021 £5.2million).