Registered number
12810703
Gardenius Nursery Ltd
Filleted Accounts
31 August 2023
Gardenius Nursery Ltd
Registered number: 12810703
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,222 768
Current assets
Stocks 14,600 20,600
Debtors 4 6,874 1,632
Cash at bank and in hand 69,591 53,641
91,065 75,873
Creditors: amounts falling due within one year 5 (83,779) (59,621)
Net current assets 7,286 16,252
Total assets less current liabilities 8,508 17,020
Creditors: amounts falling due after more than one year 6 - (10,073)
Net assets 8,508 6,947
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,408 6,847
Shareholders' funds 8,508 6,947
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 members have 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.
D Elsender
Director
Approved by the board on 26 October 2023
Gardenius Nursery Ltd
Notes to the Accounts
for the year ended 31 August 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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, other than freehold land, 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 over 5 years
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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 880
Additions 788
At 31 August 2023 1,668
Depreciation
At 1 September 2022 112
Charge for the year 334
At 31 August 2023 446
Net book value
At 31 August 2023 1,222
At 31 August 2022 768
4 Debtors 2023 2022
£ £
Trade debtors 6,709 1,407
Other debtors 165 225
6,874 1,632
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 9,136 11,005
Taxation and social security costs 21,027 9,641
Other creditors 53,616 38,975
83,779 59,621
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 10,073
7 Other information
Gardenius Nursery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Upper Land Green
Rocks Lane
Ogden
Halifax
HX2 8XP
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