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Company Registration No. 02594716 (England and Wales)
Garside Development Co. Limited Unaudited accounts for the year ended 31 March 2023
Garside Development Co. Limited Unaudited accounts Contents
Page
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Garside Development Co. Limited Company Information for the year ended 31 March 2023
Directors
JAMES RICHARD GARSIDE JOHN TIMOTHY GARSIDE
Company Number
02594716 (England and Wales)
Registered Office
HIGHFIELD FARM SLAITHWAITE HUDDERSFIELD WEST YORKSHIRE HD7 5UT
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Garside Development Co. Limited Accountants' report
Accountants' report to the board of directors of Garside Development Co. Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Garside Development Co. Limited for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Garside Development Co. Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Garside Development Co. Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Garside Development Co. Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Garside Development Co. Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Garside Development Co. Limited. You consider that Garside Development Co. Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Garside Development Co. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
19 December 2023
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Garside Development Co. Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
1 
Tangible assets
600,113 
563,951 
600,114 
563,952 
Current assets
Inventories
910,000 
262,604 
Debtors
94,486 
99,236 
Cash at bank and in hand
5 
24,236 
1,004,491 
386,076 
Creditors: amounts falling due within one year
(946,958)
(369,187)
Net current assets
57,533 
16,889 
Net assets
657,647 
580,841 
Capital and reserves
Called up share capital
107 
107 
Profit and loss account
657,540 
580,734 
Shareholders' funds
657,647 
580,841 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by
JAMES RICHARD GARSIDE Director Company Registration No. 02594716
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Garside Development Co. Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Garside Development Co. Limited is a private company, limited by shares, registered in England and Wales, registration number 02594716. The registered office is HIGHFIELD FARM, SLAITHWAITE, HUDDERSFIELD, WEST YORKSHIRE, HD7 5UT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
1 
At 31 March 2023
1 
Amortisation
At 1 April 2022
- 
At 31 March 2023
- 
Net book value
At 31 March 2023
1 
At 31 March 2022
1 
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Garside Development Co. Limited Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
567,049 
125,777 
17,763 
710,589 
Additions
- 
74,000 
- 
74,000 
Disposals
- 
(19,000)
- 
(19,000)
At 31 March 2023
567,049 
180,777 
17,763 
765,589 
Depreciation
At 1 April 2022
20,823 
115,157 
10,658 
146,638 
Charge for the year
6,941 
18,500 
1,776 
27,217 
On disposals
- 
(8,379)
- 
(8,379)
At 31 March 2023
27,764 
125,278 
12,434 
165,476 
Net book value
At 31 March 2023
539,285 
55,499 
5,329 
600,113 
At 31 March 2022
546,226 
10,620 
7,105 
563,951 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,225 
36,917 
Trade debtors
19,894 
1,000 
Amounts due from group undertakings etc.
70,867 
58,819 
Other debtors
2,500 
2,500 
94,486 
99,236 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
189,566 
41,667 
Obligations under finance leases and hire purchase contracts
58,577 
- 
Trade creditors
25,036 
49,604 
Amounts owed to group undertakings and other participating interests
618,442 
246,216 
Taxes and social security
4,247 
21,708 
Loans from directors
48,790 
2,000 
Accruals
2,300 
7,992 
946,958 
369,187 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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