IRIS Accounts Production v23.3.0.418 04383903 Board of Directors 1.2.22 31.1.23 31.1.23 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure043839032022-01-31043839032023-01-31043839032022-02-012023-01-31043839032021-01-31043839032021-02-012022-01-31043839032022-01-3104383903ns16:EnglandWales2022-02-012023-01-3104383903ns15:PoundSterling2022-02-012023-01-3104383903ns11:Director12022-02-012023-01-3104383903ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3104383903ns11:SmallEntities2022-02-012023-01-3104383903ns11:AuditExemptWithAccountantsReport2022-02-012023-01-3104383903ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3104383903ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3104383903ns11:FullAccounts2022-02-012023-01-310438390312022-02-012023-01-3104383903ns11:Director32022-02-012023-01-3104383903ns11:Director42022-02-012023-01-3104383903ns11:Director52022-02-012023-01-3104383903ns11:CompanySecretary12022-02-012023-01-3104383903ns11:RegisteredOffice2022-02-012023-01-3104383903ns6:CurrentFinancialInstruments2023-01-3104383903ns6:CurrentFinancialInstruments2022-01-3104383903ns6:Non-currentFinancialInstruments2023-01-3104383903ns6:Non-currentFinancialInstruments2022-01-3104383903ns6:ShareCapital2023-01-3104383903ns6:ShareCapital2022-01-3104383903ns6:SharePremium2023-01-3104383903ns6:SharePremium2022-01-3104383903ns6:CapitalRedemptionReserve2023-01-3104383903ns6:CapitalRedemptionReserve2022-01-3104383903ns6:RetainedEarningsAccumulatedLosses2023-01-3104383903ns6:RetainedEarningsAccumulatedLosses2022-01-3104383903ns6:NetGoodwill2022-02-012023-01-3104383903ns6:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3104383903ns6:ComputerSoftware2022-02-012023-01-3104383903ns6:ShortLeaseholdAssetsns6:LandBuildings2022-02-012023-01-3104383903ns6:PlantMachinery2022-02-012023-01-3104383903ns6:FurnitureFittings2022-02-012023-01-3104383903ns6:MotorVehicles2022-02-012023-01-3104383903ns6:NetGoodwill2022-01-3104383903ns6:ComputerSoftware2022-01-3104383903ns6:NetGoodwill2023-01-3104383903ns6:ComputerSoftware2023-01-3104383903ns6:NetGoodwill2022-01-3104383903ns6:ComputerSoftware2022-01-3104383903ns6:ShortLeaseholdAssetsns6:LandBuildings2022-01-3104383903ns6:PlantMachinery2022-01-3104383903ns6:FurnitureFittings2022-01-3104383903ns6:MotorVehicles2022-01-3104383903ns6:ShortLeaseholdAssetsns6:LandBuildings2023-01-3104383903ns6:PlantMachinery2023-01-3104383903ns6:FurnitureFittings2023-01-3104383903ns6:MotorVehicles2023-01-3104383903ns6:ShortLeaseholdAssetsns6:LandBuildings2022-01-3104383903ns6:PlantMachinery2022-01-3104383903ns6:FurnitureFittings2022-01-3104383903ns6:MotorVehicles2022-01-3104383903ns6:CostValuation2022-01-3104383903ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3104383903ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-3104383903ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2023-01-3104383903ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2022-01-3104383903ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2023-01-3104383903ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2022-01-3104383903ns6:HirePurchaseContracts2023-01-3104383903ns6:HirePurchaseContracts2022-01-3104383903ns6:WithinOneYear2023-01-3104383903ns6:WithinOneYear2022-01-3104383903ns6:BetweenOneFiveYears2023-01-3104383903ns6:BetweenOneFiveYears2022-01-3104383903ns6:AllPeriods2023-01-3104383903ns6:AllPeriods2022-01-31
REGISTERED NUMBER: 04383903 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

NORTH ONE GARDEN CENTRE LIMITED

NORTH ONE GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04383903)

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

Chartered Accountants' Report 8

NORTH ONE GARDEN CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: A B Henderson
L Alhadeff
P Holt
M S E Le Prevost





SECRETARY: S J M Le Prevost





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
London
NW3 6LH





REGISTERED NUMBER: 04383903 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

NORTH ONE GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04383903)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 3,611 7,222
Tangible assets 5 43,764 47,828
Investments 6 1 1
47,376 55,051

CURRENT ASSETS
Stocks 7 185,877 180,847
Debtors 8 100,284 87,020
Cash at bank and in hand 463,030 579,020
749,191 846,887
CREDITORS
Amounts falling due within one year 9 364,732 421,657
NET CURRENT ASSETS 384,459 425,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

431,835

480,281

CREDITORS
Amounts falling due after more than one
year

10

-

1,449
NET ASSETS 431,835 478,832

CAPITAL AND RESERVES
Called up share capital 12,500 12,500
Share premium 77,188 77,188
Capital redemption reserve 330 330
Retained earnings 341,817 388,814
SHAREHOLDERS' FUNDS 431,835 478,832

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.

NORTH ONE GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04383903)

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 Profit And Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





L Alhadeff - Director


NORTH ONE GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04383903)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

North One 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, net of discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of six 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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold premises - Over the life of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

NORTH ONE GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04383903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Cash and cash equivalents
Cash includes cash in hand, deposits held with banks. Cash equivalents are highly liquid investments that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditor, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less impairment.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit And Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 46 (2022 - 49 ) .

NORTH ONE GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04383903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£ £ £
COST
At 1 February 2022
and 31 January 2023 365,802 10,833 376,635
AMORTISATION
At 1 February 2022 365,802 3,611 369,413
Amortisation for year - 3,611 3,611
At 31 January 2023 365,802 7,222 373,024
NET BOOK VALUE
At 31 January 2023 - 3,611 3,611
At 31 January 2022 - 7,222 7,222

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
premises machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 February 2022 41,308 142,618 60,984 44,926 289,836
Additions - 11,422 3,705 - 15,127
Disposals - (4,626 ) - - (4,626 )
At 31 January 2023 41,308 149,414 64,689 44,926 300,337
DEPRECIATION
At 1 February 2022 41,308 115,259 49,061 36,380 242,008
Charge for year - 8,351 3,419 6,837 18,607
Eliminated on disposal - (4,042 ) - - (4,042 )
At 31 January 2023 41,308 119,568 52,480 43,217 256,573
NET BOOK VALUE
At 31 January 2023 - 29,846 12,209 1,709 43,764
At 31 January 2022 - 27,359 11,923 8,546 47,828

The net book value of tangible fixed assets includes £ 1,709 (2022 - £ 8,546 ) in respect of assets held under hire purchase contracts.

6. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 February 2022
and 31 January 2023 1
NET BOOK VALUE
At 31 January 2023 1
At 31 January 2022 1

NORTH ONE GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04383903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


7. STOCKS
2023 2022
£ £
Finished goods 185,877 180,847

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 59,837 46,809
Other debtors 13,448 13,448
Prepayments and accrued income 26,999 26,763
100,284 87,020

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts (see note 11) 1,449 5,796
Trade creditors 61,220 101,257
Tax 28,888 64,382
Social security and other taxes 15,278 21,397
VAT 80,998 71,687
Pension 4,647 3,324
Directors' current accounts 153,039 120,076
Accrued expenses 19,213 33,738
364,732 421,657

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Hire purchase contracts (see note 11) - 1,449

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 1,449 5,796
Between one and five years - 1,449
1,449 7,245

Non-cancellable
operating leases
2023 2022
£ £
Within one year 75,000 75,000
Between one and five years 7,913 68,750
82,913 143,750

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NORTH ONE GARDEN CENTRE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of North One Garden Centre Limited for the year ended 31 January 2023 which comprise the Profit And Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of North One Garden Centre Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of North One Garden Centre Limited and state those matters that we have agreed to state to the Board of Directors of North One Garden Centre Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than North One Garden Centre Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that North One Garden Centre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of North One Garden Centre Limited. You consider that North One Garden Centre Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of North One Garden Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


27 October 2023