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REGISTERED NUMBER: SC459362 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

The Secret Garden (Aboyne) Limited

The Secret Garden (Aboyne) Limited (Registered number: SC459362)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Secret Garden (Aboyne) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mrs E E McVean





REGISTERED OFFICE: Ballater Road
Aboyne
Aberdeenshire
AB34 5HN





REGISTERED NUMBER: SC459362 (Scotland)





ACCOUNTANTS: The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

The Secret Garden (Aboyne) Limited (Registered number: SC459362)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 3,000
Tangible assets 6 2,938 3,958
2,938 6,958

CURRENT ASSETS
Stocks 9,965 8,657
Debtors 7 2,150 876
Cash at bank and in hand 5,182 14,483
17,297 24,016
CREDITORS
Amounts falling due within one year 8 10,388 14,285
NET CURRENT ASSETS 6,909 9,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,847

16,689

PROVISIONS FOR LIABILITIES 595 1,193
NET ASSETS 9,252 15,496

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,152 15,396
SHAREHOLDERS' FUNDS 9,252 15,496

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Secret Garden (Aboyne) Limited (Registered number: SC459362)

Statement of Financial Position - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2024 and were signed by:





Mrs E E McVean - Director


The Secret Garden (Aboyne) Limited (Registered number: SC459362)

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

1. STATUTORY INFORMATION

The Secret Garden (Aboyne) Limited is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when the service has been provided, when the amount of revenue can be measured reliably and when its probable that future economic benefits will flow to the entity. If a customer has not been invoiced for services provided during the period the income is accrued and included in debtors under prepayments and accrued income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Depreciation is charged at the following rates:-

Improvements to Property - 10% straight line
Plant & Machinery - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 50% on reducing balance
Fixtures & Fittings - 15% on reducing balance

Inventories
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 following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.


The Secret Garden (Aboyne) Limited (Registered number: SC459362)

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

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 30,000
AMORTISATION
At 1 November 2022 27,000
Charge for year 3,000
At 31 October 2023 30,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 3,000

The Secret Garden (Aboyne) Limited (Registered number: SC459362)

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

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 12,113
DEPRECIATION
At 1 November 2022 8,155
Charge for year 1,020
At 31 October 2023 9,175
NET BOOK VALUE
At 31 October 2023 2,938
At 31 October 2022 3,958

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 846 232
Other debtors 1,304 644
2,150 876

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,987 2,298
Taxation and social security 4,672 3,350
Other creditors 3,729 8,637
10,388 14,285