IRIS Accounts Production v24.1.0.578 00328346 Board of Directors Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh003283462022-09-30003283462023-09-30003283462022-10-012023-09-30003283462021-09-30003283462021-10-012022-09-30003283462022-09-3000328346ns15:EnglandWales2022-10-012023-09-3000328346ns14:PoundSterling2022-10-012023-09-3000328346ns10:Director12022-10-012023-09-3000328346ns10:Director22022-10-012023-09-3000328346ns10:Director32022-10-012023-09-3000328346ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3000328346ns10:SmallEntities2022-10-012023-09-3000328346ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3000328346ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3000328346ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3000328346ns10:FullAccounts2022-10-012023-09-3000328346ns10:CompanySecretary12022-10-012023-09-3000328346ns10:RegisteredOffice2022-10-012023-09-3000328346ns5:CurrentFinancialInstruments2023-09-3000328346ns5:CurrentFinancialInstruments2022-09-3000328346ns5:Non-currentFinancialInstruments2023-09-3000328346ns5:Non-currentFinancialInstruments2022-09-3000328346ns5:ShareCapital2023-09-3000328346ns5:ShareCapital2022-09-3000328346ns5:RevaluationReserve2023-09-3000328346ns5:RevaluationReserve2022-09-3000328346ns5:RetainedEarningsAccumulatedLosses2023-09-3000328346ns5:RetainedEarningsAccumulatedLosses2022-09-3000328346ns5:LandBuildings2022-10-012023-09-3000328346ns5:PlantMachinery2022-10-012023-09-3000328346ns5:LandBuildings2022-09-3000328346ns5:PlantMachinery2022-09-3000328346ns5:LandBuildings2023-09-3000328346ns5:PlantMachinery2023-09-3000328346ns5:LandBuildings2022-09-3000328346ns5:PlantMachinery2022-09-3000328346ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-3000328346ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-10-012023-09-3000328346ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3000328346ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-3000328346ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3000328346ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3000328346ns5:RevaluationReserve2022-09-30
REGISTERED NUMBER: 00328346 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Garners (Newcastle Staffs) Limited

Garners (Newcastle Staffs) Limited (Registered number: 00328346)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Garners (Newcastle Staffs) Limited

Company Information
for the year ended 30 September 2023







DIRECTORS: Mrs M R Barlow
Mr D G Barlow
Mr T G B Barlow





SECRETARY: Mr D G Barlow





REGISTERED OFFICE: Garners Garden Centre
Cemetery Road
Silverdale
Newcastle-under-Lyme
Staffordshire
ST5 6SH





REGISTERED NUMBER: 00328346 (England and Wales)





ACCOUNTANTS: Bennett Brooks (Leek) Ltd
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

Garners (Newcastle Staffs) Limited (Registered number: 00328346)

Balance Sheet
30 September 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 343,033 355,110
Investment property 5 717,257 717,257
1,060,290 1,072,367

CURRENT ASSETS
Stocks 260,097 253,896
Debtors 6 23,859 24,873
Investments 7 113,747 185,823
Cash at bank and in hand 130,716 105,144
528,419 569,736
CREDITORS
Amounts falling due within one year 8 (358,175 ) (381,948 )
NET CURRENT ASSETS 170,244 187,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,230,534

1,260,155

CREDITORS
Amounts falling due after more than one year 9 (42,222 ) (87,223 )

PROVISIONS FOR LIABILITIES (6,593 ) (11,439 )
NET ASSETS 1,181,719 1,161,493

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 10 222,113 222,113
Retained earnings 949,606 929,380
1,181,719 1,161,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Garners (Newcastle Staffs) Limited (Registered number: 00328346)

Balance Sheet - continued
30 September 2023


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 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 11 March 2024 and were signed on its behalf by:




Mr D G Barlow - Director Mrs M R Barlow - Director




Mr T G B Barlow - Director


Garners (Newcastle Staffs) Limited (Registered number: 00328346)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Garners (Newcastle Staffs) 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.

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 as modified by the revaluation of certain assets.

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

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.
Land and buildings - at varying rates on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

Garners (Newcastle Staffs) Limited (Registered number: 00328346)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 October 2022 491,871 320,778 812,649
Additions - 16,900 16,900
At 30 September 2023 491,871 337,678 829,549
DEPRECIATION
At 1 October 2022 201,374 256,165 457,539
Charge for year 9,781 19,196 28,977
At 30 September 2023 211,155 275,361 486,516
NET BOOK VALUE
At 30 September 2023 280,716 62,317 343,033
At 30 September 2022 290,497 64,613 355,110

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

Plant and
machinery
etc
£
COST
At 1 October 2022
and 30 September 2023 22,690
DEPRECIATION
At 1 October 2022 5,673
Charge for year 4,254
At 30 September 2023 9,927
NET BOOK VALUE
At 30 September 2023 12,763
At 30 September 2022 17,017

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 October 2022
and 30 September 2023 717,257
NET BOOK VALUE
At 30 September 2023 717,257
At 30 September 2022 717,257

Garners (Newcastle Staffs) Limited (Registered number: 00328346)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

5. INVESTMENT PROPERTY - continued

Fair value at 30 September 2023 is represented by:
£
Valuation in 2023 717,257

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 13,440 6,162
Other debtors 10,419 18,711
23,859 24,873

7. CURRENT ASSET INVESTMENTS
2023 2022
£ £
Unlisted investments 113,747 185,823

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts 1,799 5,000
Trade creditors 134,804 109,284
Taxation and social security 29,779 28,800
Other creditors 191,793 238,864
358,175 381,948

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Hire purchase contracts - 1,667
Other creditors 42,222 85,556
42,222 87,223

10. RESERVES
Revaluation
reserve
£
At 1 October 2022
and 30 September 2023 222,113