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REGISTERED NUMBER: 07456632 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Holton Road Garden Centre Limited

Holton Road Garden Centre Limited (Registered number: 07456632)






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


Holton Road Garden Centre Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: N J Kerridge
Mrs N S Kerridge





REGISTERED OFFICE: 36 Holton Road
Halesworth
Suffolk
IP19 8HG





REGISTERED NUMBER: 07456632 (England and Wales)





ACCOUNTANTS: Mark Carter Accountancy Services Ltd
65 Kennedy Avenue
Halesworth
Suffolk
IP19 8EQ

Holton Road Garden Centre Limited (Registered number: 07456632)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,000 33,000
Tangible assets 5 71,396 88,171
98,396 121,171

CURRENT ASSETS
Stocks 238,312 233,534
Debtors 6 94,688 87,036
Cash at bank and in hand 110,653 154,092
443,653 474,662
CREDITORS
Amounts falling due within one year 7 111,026 153,234
NET CURRENT ASSETS 332,627 321,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

431,023

442,599

PROVISIONS FOR LIABILITIES 8,537 11,166
NET ASSETS 422,486 431,433

Holton Road Garden Centre Limited (Registered number: 07456632)

Balance Sheet - continued
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 422,286 431,233
SHAREHOLDERS' FUNDS 422,486 431,433

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 directors acknowledge their 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 Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Mrs N S Kerridge - Director


Holton Road Garden Centre Limited (Registered number: 07456632)

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

1. STATUTORY INFORMATION

Holton Road Garden Centre 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period and also have been consistently applied within the same accounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Equipment - 15% on reducing balance
Motor vehicles - 25% 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.

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.

Holton Road Garden Centre Limited (Registered number: 07456632)

Notes to the Financial Statements - continued
for the Year Ended 28 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.

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.

Turnover
The company's turnover represents the value, excluding value added tax, of goods supplied to customers during the year. All sales took place in the UK.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 90,000
AMORTISATION
At 1 March 2022 57,000
Charge for year 6,000
At 28 February 2023 63,000
NET BOOK VALUE
At 28 February 2023 27,000
At 28 February 2022 33,000

Holton Road Garden Centre Limited (Registered number: 07456632)

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

5. TANGIBLE FIXED ASSETS
Improvements
to Motor
property Equipment vehicles Totals
£    £    £    £   
COST
At 1 March 2022 66,671 104,140 24,809 195,620
Additions - 3,039 - 3,039
Disposals - - (13,995 ) (13,995 )
At 28 February 2023 66,671 107,179 10,814 184,664
DEPRECIATION
At 1 March 2022 37,266 62,354 7,829 107,449
Charge for year 2,941 6,724 2,277 11,942
Eliminated on disposal - - (6,123 ) (6,123 )
At 28 February 2023 40,207 69,078 3,983 113,268
NET BOOK VALUE
At 28 February 2023 26,464 38,101 6,831 71,396
At 28 February 2022 29,405 41,786 16,980 88,171

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 94,688 87,036

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 85,501 121,403
Taxation and social security 23,534 24,819
Other creditors 1,991 7,012
111,026 153,234

Holton Road Garden Centre Limited (Registered number: 07456632)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 28 February 2023:

N J Kerridge

Balance due from director at start of the year 16,717
Amounts advanced 718
Balance due from director at end of the year 17,435


Mrs N S Kerridge

Balance due from director at start of the year 16,718,
Amounts advanced 717
Balance due from director at end of the year 17,435

The loans outstanding at 28 February 2023 are included in other debtors.

The loans are unsecured and repayable on demand.

Beneficial loan interest of £ 719 was charged by the company to the directors at HM Revenue and Customs' official rate of interest on overdrawn balances.