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REGISTERED NUMBER: 06849571 (England and Wales)















The Mower Shop (Northampton) Limited

Unaudited Financial Statements

for the Year Ended 31st March 2023






The Mower Shop (Northampton) Limited (Registered number: 06849571)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


The Mower Shop (Northampton) Limited

Company Information
for the year ended 31st March 2023







DIRECTOR: S Bartle





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: Northampton Road
West Haddon
Northamptonshire
NN6 7AS





REGISTERED NUMBER: 06849571 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

The Mower Shop (Northampton) Limited (Registered number: 06849571)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 13,500 15,750
Tangible assets 6 34,979 39,625
48,479 55,375

CURRENT ASSETS
Stocks 205,273 202,341
Debtors 7 85,984 39,012
Cash at bank and in hand 38,401 71,579
329,658 312,932
CREDITORS
Amounts falling due within one year 8 283,779 268,903
NET CURRENT ASSETS 45,879 44,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,358

99,404

CREDITORS
Amounts falling due after more than one
year

9

(36,612

)

(53,747

)

PROVISIONS FOR LIABILITIES 12 (1,300 ) (1,700 )
NET ASSETS 56,446 43,957

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 56,346 43,857
SHAREHOLDERS' FUNDS 56,446 43,957

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

The Mower Shop (Northampton) Limited (Registered number: 06849571)

Balance Sheet - continued
31st March 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 29th September 2023 and were signed by:





S Bartle - Director


The Mower Shop (Northampton) Limited (Registered number: 06849571)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

The Mower Shop (Northampton) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of the sale and servicing of garden machinery.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

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 2010, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 4% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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 Mower Shop (Northampton) Limited (Registered number: 06849571)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

3. 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
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 45,000
AMORTISATION
At 1st April 2022 29,250
Charge for year 2,250
At 31st March 2023 31,500
NET BOOK VALUE
At 31st March 2023 13,500
At 31st March 2022 15,750

The Mower Shop (Northampton) Limited (Registered number: 06849571)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

6. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st April 2022 58,095 2,542 12,873
Additions - - -
At 31st March 2023 58,095 2,542 12,873
DEPRECIATION
At 1st April 2022 30,193 2,542 10,685
Charge for year 2,323 - 326
At 31st March 2023 32,516 2,542 11,011
NET BOOK VALUE
At 31st March 2023 25,579 - 1,862
At 31st March 2022 27,902 - 2,188

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2022 23,817 9,897 107,224
Additions - 661 661
At 31st March 2023 23,817 10,558 107,885
DEPRECIATION
At 1st April 2022 14,707 9,472 67,599
Charge for year 2,279 379 5,307
At 31st March 2023 16,986 9,851 72,906
NET BOOK VALUE
At 31st March 2023 6,831 707 34,979
At 31st March 2022 9,110 425 39,625

The net book value of tangible fixed assets includes £ 6,412 (2022 - £ 8,550 ) in respect of assets held under hire purchase contracts.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 85,984 39,012

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 19,862 17,046
Hire purchase contracts 2,316 5,778
Trade creditors 204,977 199,774
Taxation and social security 43,643 39,680
Other creditors 12,981 6,625
283,779 268,903

The Mower Shop (Northampton) Limited (Registered number: 06849571)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 36,612 51,431
Hire purchase contracts - 2,316
36,612 53,747

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 19,862 17,046

Amounts falling due between one and two years:
Bank loans - 1-2 years 21,250 26,778

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,362 24,653

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 56,474 68,477

The director has given personal security for the bank overdraft and the bank loan.

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,300 1,700

Deferred
tax
£   
Balance at 1st April 2022 1,700
Credit to Income Statement during year (400 )
Balance at 31st March 2023 1,300

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

14. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st March 2023 or at 31st March 2022.

The Mower Shop (Northampton) Limited (Registered number: 06849571)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

15. CAPITAL COMMITMENTS

There were no capital commitments as at 31st March 2023 or at 31st March 2022.