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REGISTERED NUMBER: 07943733 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Garden Store Direct Limited

Garden Store Direct Limited (Registered number: 07943733)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Garden Store Direct Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: P Dawson





REGISTERED OFFICE: Layton House
3/5 Westcliffe Drive
Layton
Blackpool
Lancashire
FY3 7BJ





REGISTERED NUMBER: 07943733 (England and Wales)





ACCOUNTANTS: Mills & Burns Limited
T/A NPM Accounting Services
Layton House
3-5 Westcliffe Drive
Layton
Blackpool
Lancashire
FY3 7BJ

Garden Store Direct Limited (Registered number: 07943733)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,625 122,790

CURRENT ASSETS
Stocks 4,060,899 5,035,687
Debtors 5 435,791 449,384
Cash at bank 222,538 128,122
4,719,228 5,613,193
CREDITORS
Amounts falling due within one year 6 2,461,629 2,262,113
NET CURRENT ASSETS 2,257,599 3,351,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,362,224

3,473,870

CREDITORS
Amounts falling due after more than one
year

7

56

1,186
NET ASSETS 2,362,168 3,472,684

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 2,362,165 3,472,681
SHAREHOLDERS' FUNDS 2,362,168 3,472,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Garden Store Direct Limited (Registered number: 07943733)

Balance Sheet - continued
28 February 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 28 May 2023 and were signed by:





P Dawson - Director


Garden Store Direct Limited (Registered number: 07943733)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Garden Store Direct 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.

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 - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

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 20 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February 2023 21,738 82,007 36,480 20,174 160,399
DEPRECIATION
At 1 March 2022 9,217 9,605 7,026 11,761 37,609
Charge for year 1,878 7,240 7,364 1,683 18,165
At 28 February 2023 11,095 16,845 14,390 13,444 55,774
NET BOOK VALUE
At 28 February 2023 10,643 65,162 22,090 6,730 104,625
At 28 February 2022 12,521 72,402 29,454 8,413 122,790

Garden Store Direct Limited (Registered number: 07943733)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 152,869 96,224
Other debtors 282,922 353,160
435,791 449,384

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 197,564 78,203
Trade creditors 804,203 1,196,037
Taxation and social security 785,433 712,585
Other creditors 674,429 275,288
2,461,629 2,262,113

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Other creditors 56 1,186

Garden Store Direct Limited

Report of the Accountants to the Director of
Garden Store Direct Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Mills & Burns Limited
T/A NPM Accounting Services
Layton House
3-5 Westcliffe Drive
Layton
Blackpool
Lancashire
FY3 7BJ


28 May 2023