Silverfin false 28/02/2023 01/03/2022 28/02/2023 T D Payne 27/02/2019 P Warren 27/02/2019 13 October 2023 The principal activity of the Company during the financial year was Landscape gardeners. 11849503 2023-02-28 11849503 bus:Director1 2023-02-28 11849503 bus:Director2 2023-02-28 11849503 core:CurrentFinancialInstruments 2023-02-28 11849503 core:CurrentFinancialInstruments 2022-02-28 11849503 2022-02-28 11849503 core:Non-currentFinancialInstruments 2023-02-28 11849503 core:Non-currentFinancialInstruments 2022-02-28 11849503 core:ShareCapital 2023-02-28 11849503 core:ShareCapital 2022-02-28 11849503 core:RetainedEarningsAccumulatedLosses 2023-02-28 11849503 core:RetainedEarningsAccumulatedLosses 2022-02-28 11849503 2022-03-01 2023-02-28 11849503 bus:FullAccounts 2022-03-01 2023-02-28 11849503 bus:SmallEntities 2022-03-01 2023-02-28 11849503 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11849503 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11849503 bus:Director1 2022-03-01 2023-02-28 11849503 bus:Director2 2022-03-01 2023-02-28 11849503 2021-03-01 2022-02-28 11849503 core:CurrentFinancialInstruments 2022-03-01 2023-02-28 11849503 core:Non-currentFinancialInstruments 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Company No: 11849503 (England and Wales)

T.P. GARDEN SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

T.P. GARDEN SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

T.P. GARDEN SERVICES LIMITED

BALANCE SHEET

As at 28 February 2023
T.P. GARDEN SERVICES LIMITED

BALANCE SHEET (continued)

As at 28 February 2023
Note 2023 2022
£ £
Current assets
Debtors 4 654 1,225
Cash at bank and in hand 56,690 58,234
57,344 59,459
Creditors: amounts falling due within one year 5 ( 20,982) ( 19,727)
Net current assets 36,362 39,732
Total assets less current liabilities 36,362 39,732
Creditors: amounts falling due after more than one year 6 ( 23,274) ( 33,206)
Net assets 13,088 6,526
Capital and reserves
Called-up share capital 100 100
Profit and loss account 12,988 6,426
Total shareholders' funds 13,088 6,526

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of T.P. Garden Services Limited (registered number: 11849503) were approved and authorised for issue by the Director on 13 October 2023. They were signed on its behalf by:

T D Payne
Director
T.P. GARDEN SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
T.P. GARDEN SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

T.P. Garden Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1st Floor River House, 1 Maidstone Road, Sidcup, DA14 5RH, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the debtors are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historic experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Specifically, judgements and estimates are used in determining the recoverability of debtors.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 0

4. Debtors

2023 2022
£ £
Trade debtors 654 1,225

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 9,932 9,687
Trade creditors 0 1,544
Taxation and social security 2,703 1,163
Other creditors 8,347 7,333
20,982 19,727

There are no amounts included above in respect of which any security has been given by the small entity.

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 23,274 33,206

There are no amounts included above in respect of which any security has been given by the small entity.

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Directors Loan 7,089 5,009

The above amounts are provided interest free, unsecured and repayable on demand.