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REGISTERED NUMBER: 03682869 (England and Wales)















Leigh Park Garden Machinery Ltd

Financial Statements for the Year Ended 31st January 2023






Leigh Park Garden Machinery Ltd (Registered number: 03682869)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leigh Park Garden Machinery Ltd

Company Information
for the Year Ended 31st January 2023







DIRECTOR: D Tucker





REGISTERED OFFICE: Dunkirk Business Park
Southwick
Trowbridge
Wiltshire
BA14 9NJ





REGISTERED NUMBER: 03682869 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
7 East Pallant
Chichester
West Sussex
PO19 1TR

Leigh Park Garden Machinery Ltd (Registered number: 03682869)

Balance Sheet
31st January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,738 13,738
Tangible assets 5 169,799 183,643
183,537 197,381

CURRENT ASSETS
Stocks 183,749 134,169
Debtors 6 32,155 30,849
Cash in hand 790 -
216,694 165,018
CREDITORS
Amounts falling due within one year 7 207,843 148,515
NET CURRENT ASSETS 8,851 16,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,388

213,884

CREDITORS
Amounts falling due after more than one
year

8

54,115

75,861
NET ASSETS 138,273 138,023

CAPITAL AND RESERVES
Called up share capital 10 200 200
Share premium 11 28,122 28,122
Retained earnings 11 109,951 109,701
SHAREHOLDERS' FUNDS 138,273 138,023

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

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

The director acknowledges his 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.

Leigh Park Garden Machinery Ltd (Registered number: 03682869)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th October 2023 and were signed by:





D Tucker - Director


Leigh Park Garden Machinery Ltd (Registered number: 03682869)

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


1. STATUTORY INFORMATION

Leigh Park Garden Machinery Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Relocation expenses are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

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 Income Statement, 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.

Leigh Park Garden Machinery Ltd (Registered number: 03682869)

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


2. ACCOUNTING POLICIES - continued

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 AND DIRECTORS

The average number of employees during the year was 8 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Relocation
Goodwill expenses Totals
£    £    £   
COST
At 1st February 2022
and 31st January 2023 1,000 12,738 13,738
NET BOOK VALUE
At 31st January 2023 1,000 12,738 13,738
At 31st January 2022 1,000 12,738 13,738

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st February 2022
and 31st January 2023 141,102 63,299 46,015 250,416
DEPRECIATION
At 1st February 2022 - 54,008 12,765 66,773
Charge for year - 5,581 8,263 13,844
At 31st January 2023 - 59,589 21,028 80,617
NET BOOK VALUE
At 31st January 2023 141,102 3,710 24,987 169,799
At 31st January 2022 141,102 9,291 33,250 183,643

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,455 26,149
Other debtors 4,700 4,700
32,155 30,849

Leigh Park Garden Machinery Ltd (Registered number: 03682869)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 80,831 25,182
Hire purchase contracts 4,597 7,000
Trade creditors 79,502 93,670
Tax 4,868 3,022
Social security and other taxes 4,964 4,252
VAT 9,420 7,165
Other creditors 861 8,224
Directors' current accounts 21,000 -
Accruals and deferred income 1,800 -
207,843 148,515

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 45,078 62,191
Hire purchase contracts 9,037 13,670
54,115 75,861

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 45,078 62,191

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 61,880 3,468
Bank loans 18,951 21,714
80,831 25,182

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 45,078 62,191

Leigh Park Garden Machinery Ltd (Registered number: 03682869)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 ordinary 1 200 200

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st February 2022 109,701 28,122 137,823
Profit for the year 250 250
At 31st January 2023 109,951 28,122 138,073