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REGISTERED NUMBER: 03538351 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Boma Garden Centre Ltd

The Boma Garden Centre Ltd (Registered number: 03538351)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


The Boma Garden Centre Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S C Dunn
D Mathew





SECRETARY: D Mathew





REGISTERED OFFICE: 51-53 Islip Street
London
NW5 2DL





REGISTERED NUMBER: 03538351 (England and Wales)





ACCOUNTANTS: Roberts York Limited
York House
4A Highfield Gardens
Liss
Hampshire
GU33 7NQ

The Boma Garden Centre Ltd (Registered number: 03538351)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,158 16,520
Tangible assets 5 95,858 77,967
101,016 94,487

CURRENT ASSETS
Stocks 128,709 155,221
Debtors 39,089 44,620
Cash at bank and in hand 614,556 620,358
782,354 820,199
CREDITORS
Amounts falling due within one year 88,884 75,285
NET CURRENT ASSETS 693,470 744,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

794,486

839,401

CREDITORS
Amounts falling due after more than one
year

(2,439

)

(4,721

)

PROVISIONS FOR LIABILITIES (12,607 ) (13,341 )
NET ASSETS 779,440 821,339

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 779,438 821,337
779,440 821,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Boma Garden Centre Ltd (Registered number: 03538351)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:





D Mathew - Director


The Boma Garden Centre Ltd (Registered number: 03538351)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Boma Garden Centre Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten 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.

Leasehold premium are being amortised evenly over their estimated useful life of sixteen years.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Financial instruments
The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.


The Boma Garden Centre Ltd (Registered number: 03538351)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 22 (2022 - 26 ) .

The Boma Garden Centre Ltd (Registered number: 03538351)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 83,588
AMORTISATION
At 1 January 2023 67,068
Amortisation for year 11,362
At 31 December 2023 78,430
NET BOOK VALUE

At 31 December 2023 5,158
At 31 December 2022 16,520

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 257,599
Additions 42,306
Disposals (13,489 )
At 31 December 2023 286,416
DEPRECIATION
At 1 January 2023 179,632
Charge for year 20,906
Eliminated on disposal (9,980 )
At 31 December 2023 190,558
NET BOOK VALUE
At 31 December 2023 95,858
At 31 December 2022 77,967

The Boma Garden Centre Ltd (Registered number: 03538351)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2023
and 31 December 2023 26,000
DEPRECIATION
At 1 January 2023 11,680
Charge for year 3,580
At 31 December 2023 15,260
NET BOOK VALUE
At 31 December 2023 10,740
At 31 December 2022 14,320

6. COMMITMENTS, GUARANTEES AND CONTINGENCIES

At the year end the company has commitments, guarantees and contingencies totalling £241,751 (2022 - £292,175)