Registered number
11894862
Raglan Garden Company Limited
Filleted Accounts
31 March 2023
Raglan Garden Company Limited
Registered number: 11894862
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 173,370 200,216
Current assets
Stocks 932,858 813,326
Debtors 4 132,349 -
Cash at bank and in hand 251,975 472,753
1,317,182 1,286,079
Creditors: amounts falling due within one year 5 (502,806) (801,964)
Net current assets 814,376 484,115
Total assets less current liabilities 987,746 684,331
Creditors: amounts falling due after more than one year 6 (325,253) (326,503)
Net assets 662,493 357,828
Capital and reserves
Called up share capital 100 100
Profit and loss account 662,393 357,728
Shareholder's funds 662,493 357,828
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christopher Martin Davies
Director
Approved by the board on 27 June 2023
Raglan Garden Company Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the sale of goods is recognised when goods are delivered and title has passed. Concession income and rental are accrued on a time basis and are recognised within 'other operating income'.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Straight line
Motor Vehicles 20% Straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Leased assets
Rental payable under operating leases are charged against income on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 37 37
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 313,123 15,500 328,623
Additions 26,976 - 26,976
At 31 March 2023 340,099 15,500 355,599
Depreciation
At 1 April 2022 120,399 8,008 128,407
Charge for the year 50,722 3,100 53,822
At 31 March 2023 171,121 11,108 182,229
Net book value
At 31 March 2023 168,978 4,392 173,370
At 31 March 2022 192,724 7,492 200,216
4 Debtors 2023 2022
£ £
Trade debtors 6,546 -
Other debtors 125,803 -
132,349 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 1,250 3,750
Trade creditors 376,246 650,856
Taxation and social security costs 96,717 94,587
Other creditors 28,593 52,771
502,806 801,964
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 1,250
Amounts owed to group undertakings and undertakings in which the company has a participating interest 325,253 325,253
325,253 326,503
7 Other information
Raglan Garden Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Raglan Garden Centre, Croes Bychan
Abergavenny Road
Raglan
Gwent
NP15 2BH
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