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REGISTERED NUMBER: 06932982 (England and Wales)














Financial Statements for the Year Ended 31 January 2023

for

The Hertfordshire Garden Centre Limited

The Hertfordshire Garden Centre Limited (Registered number: 06932982)






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


The Hertfordshire Garden Centre Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: G D Armstrong
Mrs K E Armstrong





SECRETARY: G D Armstrong





REGISTERED OFFICE: 1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP





REGISTERED NUMBER: 06932982 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

The Hertfordshire Garden Centre Limited (Registered number: 06932982)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 51,502 -
Tangible assets 5 134,298 162,538
185,800 162,538

CURRENT ASSETS
Stocks 311,905 284,059
Debtors 6 64,282 35,142
Cash at bank and in hand 56,633 292,180
432,820 611,381
CREDITORS
Amounts falling due within one year 7 253,690 332,141
NET CURRENT ASSETS 179,130 279,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,930

441,778

CREDITORS
Amounts falling due after more than one
year

8

(193,126

)

(251,760

)

PROVISIONS FOR LIABILITIES (20,532 ) (24,236 )
NET ASSETS 151,272 165,782

CAPITAL AND RESERVES
Called up share capital 9 140 140
Retained earnings 10 151,132 165,642
SHAREHOLDERS' FUNDS 151,272 165,782

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.

The Hertfordshire Garden Centre Limited (Registered number: 06932982)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:





G D Armstrong - Director


The Hertfordshire Garden Centre Limited (Registered number: 06932982)

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

1. STATUTORY INFORMATION

The Hertfordshire 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, 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 2022, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


The Hertfordshire Garden Centre Limited (Registered number: 06932982)

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

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 17 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 57,224
At 31 January 2023 57,224
AMORTISATION
Charge for year 5,722
At 31 January 2023 5,722
NET BOOK VALUE
At 31 January 2023 51,502

The Hertfordshire Garden Centre Limited (Registered number: 06932982)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 February 2022 25,000 100,034 65,995
Additions - - 7,103
At 31 January 2023 25,000 100,034 73,098
DEPRECIATION
At 1 February 2022 - 47,861 18,487
Charge for year - 13,043 13,652
At 31 January 2023 - 60,904 32,139
NET BOOK VALUE
At 31 January 2023 25,000 39,130 40,959
At 31 January 2022 25,000 52,173 47,508

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 32,143 42,745 24,768 290,685
Additions 1,090 - - 8,193
At 31 January 2023 33,233 42,745 24,768 298,878
DEPRECIATION
At 1 February 2022 20,558 27,472 13,769 128,147
Charge for year 3,169 3,819 2,750 36,433
At 31 January 2023 23,727 31,291 16,519 164,580
NET BOOK VALUE
At 31 January 2023 9,506 11,454 8,249 134,298
At 31 January 2022 11,585 15,273 10,999 162,538

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 4,183 2,875
Amounts owed by associates 60,099 32,267
64,282 35,142

The Hertfordshire Garden Centre Limited (Registered number: 06932982)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 58,507 58,039
Trade creditors 76,194 133,535
Amounts owed to associates 34,258 35,279
Taxation and social security 20,973 41,288
Other creditors 63,758 64,000
253,690 332,141

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 193,126 251,760

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
140 Ordinary £1 140 140

10. RESERVES
Retained
earnings
£   

At 1 February 2022 165,642
Deficit for the year (14,510 )
At 31 January 2023 151,132