IRIS Accounts Production v23.2.0.158 SC218259 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2182592022-04-30SC2182592023-04-30SC2182592022-05-012023-04-30SC2182592021-04-30SC2182592021-05-012022-04-30SC2182592022-04-30SC218259ns10:Originalns15:Scotland2022-05-012023-04-30SC218259ns14:PoundSterlingns10:Original2022-05-012023-04-30SC218259ns10:Originalns10:Director12022-05-012023-04-30SC218259ns10:Original2022-05-012023-04-30SC218259ns10:Original2023-04-30SC218259ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-30SC218259ns10:Originalns10:SmallEntities2022-05-012023-04-30SC218259ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-30SC218259ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-30SC218259ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-30SC218259ns10:Originalns10:FullAccounts2022-05-012023-04-30SC218259ns10:Originalns10:Director22022-05-012023-04-30SC218259ns10:Originalns10:RegisteredOffice2022-05-012023-04-30SC218259ns10:Original2022-04-30SC218259ns10:Originalns5:CurrentFinancialInstruments2023-04-30SC218259ns10:Originalns5:CurrentFinancialInstruments2022-04-30SC218259ns10:Originalns5:Non-currentFinancialInstruments2023-04-30SC218259ns10:Originalns5:Non-currentFinancialInstruments2022-04-30SC218259ns5:ShareCapitalns10:Original2023-04-30SC218259ns5:ShareCapitalns10:Original2022-04-30SC218259ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-30SC218259ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-30SC218259ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-05-012023-04-30SC218259ns10:Originalns5:PlantMachinery2022-05-012023-04-30SC218259ns10:Originalns5:FurnitureFittings2022-05-012023-04-30SC218259ns10:Originalns5:ComputerEquipment2022-05-012023-04-30SC218259ns10:Original2021-05-012022-04-30SC218259ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-04-30SC218259ns10:Originalns5:PlantMachinery2022-04-30SC218259ns10:Originalns5:FurnitureFittings2022-04-30SC218259ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2023-04-30SC218259ns10:Originalns5:PlantMachinery2023-04-30SC218259ns10:Originalns5:FurnitureFittings2023-04-30SC218259ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-04-30SC218259ns10:Originalns5:PlantMachinery2022-04-30SC218259ns10:Originalns5:FurnitureFittings2022-04-30SC218259ns10:Originalns5:MotorVehicles2022-04-30SC218259ns10:Originalns5:ComputerEquipment2022-04-30SC218259ns10:Original2022-04-30SC218259ns10:Originalns5:MotorVehicles2022-05-012023-04-30SC218259ns10:Originalns5:MotorVehicles2023-04-30SC218259ns10:Originalns5:ComputerEquipment2023-04-30SC218259ns10:Originalns5:MotorVehicles2022-04-30SC218259ns10:Originalns5:ComputerEquipment2022-04-30SC218259ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30SC218259ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-30SC218259ns10:Original1ns10:Director12022-04-30SC218259ns10:Original1ns10:Director12021-04-30SC218259ns10:Original1ns10:Director12022-05-012023-04-30SC218259ns10:Original1ns10:Director12021-05-012022-04-30SC218259ns10:Original1ns10:Director12023-04-30SC218259ns10:Original1ns10:Director12022-04-30
REGISTERED NUMBER: SC218259 (Scotland)










Unaudited Financial Statements

for the Year Ended 30 April 2023

for

GARRION BRIDGES GARDEN CENTRE LIMITED

GARRION BRIDGES GARDEN CENTRE LIMITED (REGISTERED NUMBER: SC218259)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARRION BRIDGES GARDEN CENTRE LIMITED

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mrs L A Douglas
J M Douglas



REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
ML1 1XA



REGISTERED NUMBER: SC218259 (Scotland)



ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA



BANKERS: Clydesdale Bank
Stewarton Street
Wishaw

GARRION BRIDGES GARDEN CENTRE LIMITED (REGISTERED NUMBER: SC218259)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 969,108 912,705
Investment property 5 83,323 -
1,052,431 912,705

CURRENT ASSETS
Stocks 69,506 62,508
Debtors 6 6,627 3,087
Cash at bank and in hand 285,240 493,113
361,373 558,708
CREDITORS
Amounts falling due within one year 7 298,984 258,855
NET CURRENT ASSETS 62,389 299,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,114,820

1,212,558

CREDITORS
Amounts falling due after more than one
year

8

(7,586

)

(52,586

)

PROVISIONS FOR LIABILITIES (23,049 ) (11,597 )
NET ASSETS 1,084,185 1,148,375

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,084,183 1,148,373
SHAREHOLDERS' FUNDS 1,084,185 1,148,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

GARRION BRIDGES GARDEN CENTRE LIMITED (REGISTERED NUMBER: SC218259)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





Mrs L A Douglas - Director


GARRION BRIDGES GARDEN CENTRE LIMITED (REGISTERED NUMBER: SC218259)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Garrion Bridges Garden Centre Limited is a private company, limited by shares , registered in Scotland. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Long leasehold - not provided
Coffee shop equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.


GARRION BRIDGES GARDEN CENTRE LIMITED (REGISTERED NUMBER: SC218259)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2022 - 51 ) .

4. TANGIBLE FIXED ASSETS
Coffee Fixtures
Long shop and
leasehold equipment fittings
£    £    £   
COST
At 1 May 2022 833,821 152,332 116,587
Additions 820 17,605 40,184
At 30 April 2023 834,641 169,937 156,771
DEPRECIATION
At 1 May 2022 - 109,961 87,068
Charge for year - 6,523 5,225
At 30 April 2023 - 116,484 92,293
NET BOOK VALUE
At 30 April 2023 834,641 53,453 64,478
At 30 April 2022 833,821 42,371 29,519

GARRION BRIDGES GARDEN CENTRE LIMITED (REGISTERED NUMBER: SC218259)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2022 - 24,510 1,127,250
Additions 8,500 3,674 70,783
At 30 April 2023 8,500 28,184 1,198,033
DEPRECIATION
At 1 May 2022 - 17,516 214,545
Charge for year 1,191 1,441 14,380
At 30 April 2023 1,191 18,957 228,925
NET BOOK VALUE
At 30 April 2023 7,309 9,227 969,108
At 30 April 2022 - 6,994 912,705

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 83,323
At 30 April 2023 83,323
NET BOOK VALUE
At 30 April 2023 83,323

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,880 -
Prepayments 3,747 3,087
6,627 3,087

GARRION BRIDGES GARDEN CENTRE LIMITED (REGISTERED NUMBER: SC218259)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 67,921 91,474
Social security and other taxes 5,622 5,474
VAT 98,984 68,178
Antique Dealers 6,790 8,020
Other Creditors 244 -
Accrued expenses 119,423 85,709
298,984 258,855

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Directors' loan accounts 7,586 52,586

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mrs L A Douglas
Balance outstanding at start of year 52,586 52,586
Amounts repaid (45,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,586 52,586

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs L A Douglas through her majority shareholding in Garrion Bridges Holdings Limited.