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31/08/2023
2023-08-31
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No description of principal activities is disclosed
2022-09-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
04835061
2022-09-01
2023-08-31
04835061
2023-08-31
04835061
2022-08-31
04835061
2021-09-01
2022-08-31
04835061
2022-08-31
04835061
core:PlantMachinery
2022-09-01
2023-08-31
04835061
core:FurnitureFittingsToolsEquipment
2022-09-01
2023-08-31
04835061
core:MotorVehicles
2022-09-01
2023-08-31
04835061
core:OnerousContractsExcludingVacantProperties
2022-09-01
2023-08-31
04835061
core:NetGoodwill
2022-09-01
2023-08-31
04835061
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2022-09-01
2023-08-31
04835061
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2022-09-01
2023-08-31
04835061
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2022-09-01
2023-08-31
04835061
bus:Director2
2022-09-01
2023-08-31
04835061
bus:Director4
2022-09-01
2023-08-31
04835061
bus:Director5
2022-09-01
2023-08-31
04835061
bus:Director6
2022-09-01
2023-08-31
04835061
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2022-09-01
2023-08-31
04835061
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2022-09-01
2023-08-31
04835061
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2023-08-31
04835061
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-08-31
04835061
core:PlantMachinery
2022-08-31
04835061
core:FurnitureFittingsToolsEquipment
2022-08-31
04835061
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-08-31
04835061
core:PlantMachinery
2023-08-31
04835061
core:FurnitureFittingsToolsEquipment
2023-08-31
04835061
core:WithinOneYear
2023-08-31
04835061
core:WithinOneYear
2022-08-31
04835061
core:AfterOneYear
2023-08-31
04835061
core:AfterOneYear
2022-08-31
04835061
core:ShareCapital
2023-08-31
04835061
core:ShareCapital
2022-08-31
04835061
core:RetainedEarningsAccumulatedLosses
2023-08-31
04835061
core:RetainedEarningsAccumulatedLosses
2022-08-31
04835061
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-09-01
2023-08-31
04835061
core:NetGoodwill
2022-08-31
04835061
core:AcceleratedTaxDepreciationDeferredTax
2023-08-31
04835061
core:AcceleratedTaxDepreciationDeferredTax
2022-08-31
04835061
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-08-31
04835061
core:PlantMachinery
2022-08-31
04835061
core:FurnitureFittingsToolsEquipment
2022-08-31
04835061
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2022-09-01
2023-08-31
04835061
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2022-09-01
2023-08-31
04835061
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2022-09-01
2023-08-31
04835061
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2023-08-31
04835061
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2023-08-31
04835061
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2022-09-01
2023-08-31
Company registration number:
04835061
Carr Farm Garden Centre Limited
Unaudited filleted financial statements
31 August 2023
Carr Farm Garden Centre Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Carr Farm Garden Centre Limited
Directors and other information
|
|
|
|
Directors |
D Jones |
|
|
S Armstrong |
|
|
C Needham |
|
|
K Jordan-Jones |
|
|
B Jones |
|
|
T Jones |
|
|
|
|
|
|
|
Secretary |
B Priestman |
|
|
|
|
|
|
|
Company number |
04835061 |
|
|
|
|
|
|
|
Registered office |
392-394 Hoylake Road |
|
|
Moreton |
|
|
Wirral |
|
|
CH46 6DF |
|
|
|
|
|
|
|
Business address |
Birkenhead Road |
|
|
Meols |
|
|
Wirral |
|
|
CH47 9RE |
|
|
|
|
|
|
|
Accountant |
Hailwood & Co. |
|
|
392-394 Hoylake Road |
|
|
Moreton |
|
|
Wirral |
|
|
CH46 6DF |
|
|
|
Carr Farm Garden Centre Limited
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Carr Farm Garden Centre Limited
Year ended 31 August 2023
As described on the Statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 August 2023, as set out on pages 3 to 8.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Hailwood & Co.
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
5 October 2023
Carr Farm Garden Centre Limited
Statement of financial position
31 August 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
120,000 |
|
|
|
120,000 |
|
|
Tangible assets |
|
6 |
1,571,805 |
|
|
|
1,576,641 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
1,691,805 |
|
|
|
1,696,641 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
390,500 |
|
|
|
405,000 |
|
|
Debtors |
|
7 |
1,612 |
|
|
|
1,485 |
|
|
Cash at bank and in hand |
|
|
250,324 |
|
|
|
134,188 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
642,436 |
|
|
|
540,673 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
580,502) |
|
|
|
(
716,623) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets/(liabilities) |
|
|
|
|
61,934 |
|
|
|
(
175,950) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
1,753,739 |
|
|
|
1,520,691 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
9 |
|
|
(
773,540) |
|
|
|
(
834,759) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
35,956) |
|
|
|
(
40,308) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
944,243 |
|
|
|
645,624 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
200 |
|
|
|
200 |
Profit and loss account |
|
|
|
|
944,043 |
|
|
|
645,424 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
944,243 |
|
|
|
645,624 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
05 October 2023
, and are signed on behalf of the board by:
D Jones
Director
Company registration number:
04835061
Carr Farm Garden Centre Limited
Notes to the financial statements
Year ended 31 August 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 392-394 Hoylake Road, Moreton, Wirral, CH46 6DF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property |
- |
Not depreciated |
|
|
Plant and machinery |
- |
20 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
20 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
Computer equipment |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Inventories are measured at the lower of cost and estimated selling price.
Provisions
Provisions for deferred tax are recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws at the reporting date.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
39
(2022:
38
).
5.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 September 2022 and 31 August 2023 |
120,000 |
120,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 September 2022 and 31 August 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 August 2023 |
120,000 |
120,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 August 2022 |
120,000 |
120,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Freehold property |
Plant and machinery |
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 September 2022 |
1,364,495 |
364,659 |
266,190 |
1,995,344 |
|
|
|
|
Additions |
18,068 |
1,671 |
4,600 |
24,339 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 August 2023 |
1,382,563 |
366,330 |
270,790 |
2,019,683 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 September 2022 |
- |
219,367 |
199,336 |
418,703 |
|
|
|
|
Charge for the year |
- |
14,791 |
14,384 |
29,175 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 August 2023 |
- |
234,158 |
213,720 |
447,878 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 August 2023 |
1,382,563 |
132,172 |
57,070 |
1,571,805 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 August 2022 |
1,364,495 |
145,292 |
66,854 |
1,576,641 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other debtors |
|
1,612 |
1,485 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
52,199 |
83,259 |
|
Trade creditors |
|
335,211 |
548,162 |
|
Corporation tax |
|
113,527 |
10,972 |
|
Social security and other taxes |
|
68,383 |
60,191 |
|
Other creditors |
|
11,182 |
14,039 |
|
|
|
_______ |
_______ |
|
|
|
580,502 |
716,623 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
773,540 |
831,289 |
|
Other creditors |
|
- |
3,470 |
|
|
|
_______ |
_______ |
|
|
|
773,540 |
834,759 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Included in provisions |
|
35,956 |
40,308 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Accelerated capital allowances |
|
(
4,352) |
(
5,667) |
|
|
|
_______ |
_______ |
|
|
|
|
|
11.
Controlling party
The company is controlled by the directors whose names are shown on the directors report.
12.
Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.
Page 8