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REGISTERED NUMBER: 01899562 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Trowell Garden Centre Limited

Trowell Garden Centre Limited (Registered number: 01899562)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trowell Garden Centre Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: D M Henshaw
Mrs B A Henshaw





SECRETARY: Mrs B A Henshaw





REGISTERED OFFICE: 66 Outram Street
Sutton In Ashfield
Nottinghamshire
NG17 4FS





REGISTERED NUMBER: 01899562 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

Trowell Garden Centre Limited (Registered number: 01899562)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 959,916 1,039,368

CURRENT ASSETS
Stocks 1,440,062 1,532,856
Debtors 5 59,880 58,863
Cash at bank and in hand 433,013 493,409
1,932,955 2,085,128
CREDITORS
Amounts falling due within one year 6 (586,943 ) (773,533 )
NET CURRENT ASSETS 1,346,012 1,311,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,305,928

2,350,963

PROVISIONS FOR LIABILITIES (52,622 ) (54,621 )
NET ASSETS 2,253,306 2,296,342

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,253,206 2,296,242
SHAREHOLDERS' FUNDS 2,253,306 2,296,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Trowell Garden Centre Limited (Registered number: 01899562)

Balance Sheet - continued
31 January 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2023 and were signed on its behalf by:





D M Henshaw - Director


Trowell Garden Centre Limited (Registered number: 01899562)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Trowell Garden Centre 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 15% on reducing balance and 5% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Trowell Garden Centre Limited (Registered number: 01899562)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 95 (2022 - 94 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 1,674,399 1,192,678 2,867,077
Additions 7,970 40,109 48,079
At 31 January 2023 1,682,369 1,232,787 2,915,156
DEPRECIATION
At 1 February 2022 924,411 903,298 1,827,709
Charge for year 76,569 50,962 127,531
At 31 January 2023 1,000,980 954,260 1,955,240
NET BOOK VALUE
At 31 January 2023 681,389 278,527 959,916
At 31 January 2022 749,988 289,380 1,039,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 59,880 58,863

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 229,554 402,389
Taxation and social security 209,758 229,455
Other creditors 147,631 141,689
586,943 773,533

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
48 Ordinary A £1 48 48
49 Ordinary B £1 49 49
3 Ordinary C £1 3 3
100 100