Registered number
10872458
N D Garner & Co Ltd
Unaudited Filleted Accounts
31 July 2023
N D Garner & Co Ltd
Registered number: 10872458
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 2,233
Current assets
Debtors 4 261 -
Cash at bank and in hand 41,373 44,769
41,634 44,769
Creditors: amounts falling due within one year 5 (16,734) (15,644)
Net current assets 24,900 29,125
Net assets 24,900 31,358
Capital and reserves
Called up share capital 100 100
Profit and loss account 24,800 31,258
Shareholders' funds 24,900 31,358
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Niall Garner
Director
Approved by the board on 24 September 2023
N D Garner & Co Ltd
Notes to the Accounts
for the period from 1 April 2022 to 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 3,496
Disposals (3,496)
At 31 July 2023 -
Depreciation
At 1 April 2022 1,263
Charge for the period 1,378
On disposals (2,641)
At 31 July 2023 -
Net book value
At 31 July 2023 -
At 31 March 2022 2,233
4 Debtors 2023 2022
£ £
Other debtors 261 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 16,734 15,644
6 Loans from directors
Description and conditions B/fwd Due to director Repaid by the Company C/fwd
£ £ £ £
Niall Garner 15,094 1,197 (1,126) 15,165
Johannes Cronje - 897 - 897
15,094 2,094 (1,126) 16,062
7 Other information
N D Garner & Co Ltd is a private company limited by shares and incorporated in England. Its registered office is:
367 Chester Road
Little Sutton
Ellesmere Port
CH66 3RQ
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