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
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
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.
Garside Development Co. Limited
Statement of financial position
as at 31 March 2023
Tangible assets
600,113
563,951
Inventories
910,000
262,604
Cash at bank and in hand
5
24,236
Creditors: amounts falling due within one year
(946,958)
(369,187)
Net current assets
57,533
16,889
Net assets
657,647
580,841
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
Garside Development Co. Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
At 31 March 2023
539,285
55,499
5,329
600,113
At 31 March 2022
546,226
10,620
7,105
563,951
Amounts falling due within one year
Trade debtors
19,894
1,000
Amounts due from group undertakings etc.
70,867
58,819
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
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).