Acorn Garden Centre And Builders Merchants Ltd 09950768 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is garden centre and builders merchants. Digita Accounts Production Advanced 6.30.9574.0 true true 09950768 2022-02-01 2023-01-31 09950768 2023-01-31 09950768 core:CurrentFinancialInstruments 2023-01-31 09950768 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 09950768 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 09950768 core:FurnitureFittings 2023-01-31 09950768 core:PlantMachinery 2023-01-31 09950768 bus:SmallEntities 2022-02-01 2023-01-31 09950768 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 09950768 bus:FullAccounts 2022-02-01 2023-01-31 09950768 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 09950768 bus:RegisteredOffice 2022-02-01 2023-01-31 09950768 bus:Director1 2022-02-01 2023-01-31 09950768 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 09950768 core:FurnitureFittings 2022-02-01 2023-01-31 09950768 core:PlantMachinery 2022-02-01 2023-01-31 09950768 countries:AllCountries 2022-02-01 2023-01-31 09950768 2022-01-31 09950768 core:FurnitureFittings 2022-01-31 09950768 core:PlantMachinery 2022-01-31 09950768 2021-02-01 2022-01-31 09950768 2022-01-31 09950768 core:CurrentFinancialInstruments 2022-01-31 09950768 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 09950768 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 09950768 core:FurnitureFittings 2022-01-31 09950768 core:PlantMachinery 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 09950768

Report of the Director and


Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

for
 

Acorn Garden Centre And Builders Merchants Ltd

 

Acorn Garden Centre And Builders Merchants Ltd

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

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Acorn Garden Centre And Builders Merchants Ltd

Company Information
for the Year Ended 31 January 2023

Director:

Mr MI Skehill

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

09950768

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Acorn Garden Centre And Builders Merchants Ltd

(Registration number: 09950768)
Balance Sheet as at 31 January 2023

Note

31.01.23

31.01.22

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

-

 

1,001

CURRENT ASSETS

   

 

Stocks

-

 

600

 

Debtors

5

-

 

169

 

Cash at bank and in hand

 

2,564

 

3,759

 

 

2,564

 

4,528

 

CREDITORS

   

 

Creditors within 1yr

6

61,893

 

45,405

 

Net current liabilities

   

(59,329)

 

(40,877)

Total assets less current liabilities

   

(59,329)

 

(39,876)

Creditors
Amounts falling due after more than one year

6

 

7,681

 

11,061

PROVISIONS FOR LIABILITIES

 

-

 

190

Net liabilities

   

(67,010)

 

(51,127)

CAPITAL AND RESERVES

   

 

Called up share capital

 

1

 

1

Profit and loss account

 

(67,011)

 

(51,128)

Shareholders' deficit

   

(67,010)

 

(51,127)

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Acorn Garden Centre And Builders Merchants Ltd

(Registration number: 09950768)
Balance Sheet as at 31 January 2023 (continued)

Approved and authorised by the director on 25 October 2023
 

.........................................
Mr MI Skehill
Director

 

Acorn Garden Centre And Builders Merchants Ltd

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

1.

General information

The company is a private company limited by share capital, incorporated in England & Wales .

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 25 October 2023.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Acorn Garden Centre And Builders Merchants Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2023 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line basis

Furniture and fittings

25% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3.

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

 

Acorn Garden Centre And Builders Merchants Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2023 (continued)

4.

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2022

16,043

63,000

79,043

Disposals

(16,043)

(63,000)

(79,043)

At 31 January 2023

-

-

-

Depreciation

At 1 February 2022

16,042

62,000

78,042

Eliminated on disposal

(16,042)

(62,000)

(78,042)

At 31 January 2023

-

-

-

Carrying amount

At 31 January 2023

-

-

-

At 31 January 2022

1

1,000

1,001

5.

Debtors

Current

31.01.23
£

31.01.22
£

Other debtors

-

169

 

Acorn Garden Centre And Builders Merchants Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2023 (continued)

6.

Creditors

Creditors: amounts falling due within one year

Note

31.01.23
£

31.01.22
£

Due within one year

 

Loans and borrowings

3,375

3,375

Trade creditors

 

840

840

Taxation and social security

 

6,984

301

Accruals and deferred income

 

6,375

5,000

Other creditors

 

44,319

35,889

 

61,893

45,405

Creditors: amounts falling due after more than one year

Note

31.01.23
£

31.01.22
£

Due after one year

 

Loans and borrowings

7,681

11,061