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REGISTERED NUMBER: 07706117 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

TIME TO GARDEN LTD

TIME TO GARDEN LTD (REGISTERED NUMBER: 07706117)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


TIME TO GARDEN LTD (REGISTERED NUMBER: 07706117)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,618 17,535

CURRENT ASSETS
Debtors 5 12,911 19,283
Cash at bank 623 5,475
13,534 24,758
CREDITORS
Amounts falling due within one year 6 27,651 42,147
NET CURRENT LIABILITIES (14,117 ) (17,389 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,499

)

146

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,599 ) 46
(3,499 ) 146

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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 22 September 2023 and were signed by:



Mr I Fletcher - Director


TIME TO GARDEN LTD (REGISTERED NUMBER: 07706117)

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

1. STATUTORY INFORMATION

Time To Garden Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07706117

Registered office: 2 Warton Lane
Grendon
Atherstone
CV9 3DT

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.

Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on 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.

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.

TIME TO GARDEN LTD (REGISTERED NUMBER: 07706117)

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

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 17,968 32,427 50,395
Additions 2,780 - 2,780
Disposals (1,543 ) - (1,543 )
At 31 March 2023 19,205 32,427 51,632
DEPRECIATION
At 1 April 2022 13,110 19,750 32,860
Charge for year 1,818 6,336 8,154
At 31 March 2023 14,928 26,086 41,014
NET BOOK VALUE
At 31 March 2023 4,277 6,341 10,618
At 31 March 2022 4,858 12,677 17,535

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 8,576 13,517
Other debtors 4,335 -
12,911 13,517

Amounts falling due after more than one year:
Other debtors - 5,766

Aggregate amounts 12,911 19,283

TIME TO GARDEN LTD (REGISTERED NUMBER: 07706117)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 17,458 22,500
Trade creditors 1,423 8,040
Taxation and social security 7,546 10,239
Other creditors 1,224 1,368
27,651 42,147