Steve Garwood Bedrooms Limited 09337977 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of bedroom fitting. Digita Accounts Production Advanced 6.30.9574.0 true 09337977 2023-01-01 2023-12-31 09337977 2023-12-31 09337977 core:CurrentFinancialInstruments 2023-12-31 09337977 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09337977 core:FurnitureFittings 2023-12-31 09337977 core:MotorVehicles 2023-12-31 09337977 core:OfficeEquipment 2023-12-31 09337977 bus:SmallEntities 2023-01-01 2023-12-31 09337977 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09337977 bus:FullAccounts 2023-01-01 2023-12-31 09337977 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09337977 bus:RegisteredOffice 2023-01-01 2023-12-31 09337977 bus:Director1 2023-01-01 2023-12-31 09337977 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09337977 core:FurnitureFittings 2023-01-01 2023-12-31 09337977 core:MotorVehicles 2023-01-01 2023-12-31 09337977 core:OfficeEquipment 2023-01-01 2023-12-31 09337977 countries:EnglandWales 2023-01-01 2023-12-31 09337977 2022-12-31 09337977 core:FurnitureFittings 2022-12-31 09337977 core:MotorVehicles 2022-12-31 09337977 core:OfficeEquipment 2022-12-31 09337977 2022-01-01 2022-12-31 09337977 2022-12-31 09337977 core:CurrentFinancialInstruments 2022-12-31 09337977 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 09337977 core:FurnitureFittings 2022-12-31 09337977 core:MotorVehicles 2022-12-31 09337977 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 09337977

Steve Garwood Bedrooms Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Steve Garwood Bedrooms Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 6

 

Steve Garwood Bedrooms Limited

(Registration number: 09337977)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

6,488

12,306

Current assets

 

Stocks

3,689

2,311

Debtors

-

5,123

Cash at bank and in hand

 

156,478

198,539

 

160,167

205,973

Creditors: Amounts falling due within one year

6

(39,730)

(50,421)

Net current assets

 

120,437

155,552

Total assets less current liabilities

 

126,925

167,858

Provisions for liabilities

(1,233)

(2,338)

Net assets

 

125,692

165,520

Capital and reserves

 

Called up share capital

2

2

Retained earnings

125,690

165,518

Shareholders' funds

 

125,692

165,520

 

Steve Garwood Bedrooms Limited

(Registration number: 09337977)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 April 2024 and signed on its behalf by:
 

.........................................
S P Garwood
Director

 

Steve Garwood Bedrooms Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Steve Garwood Bedrooms Limited

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

Asset class

Depreciation method and rate

Motor vehicles

25% straight line basis

Office equipment

20% straight line basis

Fixtures and fittings

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Steve Garwood Bedrooms Limited

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

3

Taxation

2023

2022

£

£

Corporation tax

437

9,545

Deferred tax

(1,105)

(777)

(668)

8,768

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 3).

 

Steve Garwood Bedrooms Limited

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

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

1,750

2,363

21,990

26,103

Additions

253

279

-

532

At 31 December 2023

2,003

2,642

21,990

26,635

Depreciation

At 1 January 2023

428

997

12,372

13,797

Charge for the year

396

456

5,498

6,350

At 31 December 2023

824

1,453

17,870

20,147

Carrying amount

At 31 December 2023

1,179

1,189

4,120

6,488

At 31 December 2022

1,322

1,366

9,618

12,306

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,938

13

Taxation and social security

2,325

14,262

Other creditors

33,467

36,146

39,730

50,421