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REGISTERED NUMBER: 07665183















Financial Statements for the Year Ended 27 February 2023

for

LEEDS GARDEN CENTRE LIMITED

LEEDS GARDEN CENTRE LIMITED (Registered number: 07665183)






Contents of the Financial Statements
for the Year Ended 27 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEEDS GARDEN CENTRE LIMITED

Company Information
for the Year Ended 27 February 2023







DIRECTOR: Mr Sam Sykes





REGISTERED OFFICE: 46 Houghton place
Bradford
BD1 3RG





REGISTERED NUMBER: 07665183





ACCOUNTANTS: Abraham Accountants
Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG

LEEDS GARDEN CENTRE LIMITED (Registered number: 07665183)

Balance Sheet
27 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 66,166 77,917

CURRENT ASSETS
Stocks 228,750 375,000
Debtors 5 71,250 -
Cash at bank and in hand 4,780 54,249
304,780 429,249
CREDITORS
Amounts falling due within one year 6 (54,832 ) (103,309 )
NET CURRENT ASSETS 249,948 325,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,114

403,857

CREDITORS
Amounts falling due after more than
one year

7

-

(46,635

)

PROVISIONS FOR LIABILITIES 8 (12,572 ) (14,804 )
NET ASSETS 303,542 342,418

LEEDS GARDEN CENTRE LIMITED (Registered number: 07665183)

Balance Sheet - continued
27 February 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 303,442 342,318
SHAREHOLDERS' FUNDS 303,542 342,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 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.

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 23 November 2023 and were signed by:





Mr Sam Sykes - Director


LEEDS GARDEN CENTRE LIMITED (Registered number: 07665183)

Notes to the Financial Statements
for the Year Ended 27 February 2023

1. STATUTORY INFORMATION

LEEDS GARDEN CENTRE LIMITED is a private company, limited by shares , registered in Not specified/Other. 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 etc - 25% on cost and 15% 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.


LEEDS GARDEN CENTRE LIMITED (Registered number: 07665183)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

2. 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
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 4 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 February 2022
and 27 February 2023 191,335
DEPRECIATION
At 28 February 2022 113,418
Charge for year 11,751
At 27 February 2023 125,169
NET BOOK VALUE
At 27 February 2023 66,166
At 27 February 2022 77,917

LEEDS GARDEN CENTRE LIMITED (Registered number: 07665183)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Other debtors 71,250 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade creditors 10,709 48,695
Taxation and social security 30,199 34,692
Other creditors 13,924 19,922
54,832 103,309

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Other creditors - 46,635

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 12,572 14,804

Deferred
tax
£   
Balance at 28 February 2022 14,804
Utilised during year (2,232 )
Balance at 27 February 2023 12,572

LEEDS GARDEN CENTRE LIMITED (Registered number: 07665183)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 27 February 2023 and 27 February 2022:

2023 2022
£    £   
Mr Sam Sykes
Balance outstanding at start of year 19,922 19,922
Amounts repaid (5,998 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,924 19,922