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REGISTERED NUMBER: 14539452 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 13 DECEMBER 2022 TO 31 DECEMBER 2023

FOR

Prime Garden Services Ltd

Prime Garden Services Ltd (Registered number: 14539452)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 13 December 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Prime Garden Services Ltd

COMPANY INFORMATION
for the period 13 December 2022 to 31 December 2023







Directors: C M Barnes
W Giffen





Registered office: 22 Malborough Park
Kingsbridge
United Kingdom
Devon
TQ7 3SR





Registered number: 14539452 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Prime Garden Services Ltd (Registered number: 14539452)

BALANCE SHEET
31 December 2023

Notes £    £   
Fixed assets
Tangible assets 4 15,548

Current assets
Debtors 5 1,698
Cash at bank 1,001
2,699
Creditors
Amounts falling due within one year 6 1,279
Net current assets 1,420
Total assets less current liabilities 16,968

Capital and reserves
Called up share capital 7 2
Retained earnings 16,966
Shareholders' funds 16,968

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

The members have not required the company to obtain an audit of its financial statements for the period 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 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2024 and were signed on its behalf by:



W Giffen - Director


Prime Garden Services Ltd (Registered number: 14539452)

NOTES TO THE FINANCIAL STATEMENTS
for the period 13 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

Prime Garden Services 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.

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 receivable. Turnover includes revenue earned from the goods and from the rendering of services. Turnover is recognised by the reference to the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicle - 25%
Plant and Machinery - 25%

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 period 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.

Prime Garden Services Ltd (Registered number: 14539452)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 13 December 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
Additions 5,186 15,400 20,586
At 31 December 2023 5,186 15,400 20,586
Depreciation
Charge for period 1,188 3,850 5,038
At 31 December 2023 1,188 3,850 5,038
Net book value
At 31 December 2023 3,998 11,550 15,548

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,698

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 199
Other creditors 1,080
1,279

Prime Garden Services Ltd (Registered number: 14539452)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 13 December 2022 to 31 December 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary £1 2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed the following by the directors and shareholders. This amount is interest free, unsecured and carries no fixed term of repayment.

C Barnes £ 888
W Giffen £ 684