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REGISTERED NUMBER: 05317916 (England and Wales)















Garston Inns Limited

Financial Statements for the Year Ended 31 December 2023






Garston Inns Limited (Registered number: 05317916)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


Garston Inns Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs M Eccles
Mr B W Eccles





SECRETARY: Mr B W Eccles





REGISTERED OFFICE: 14 Jordans Way
Bricket Wood
St. Albans
Hertfordshire
AL2 3SL





REGISTERED NUMBER: 05317916 (England and Wales)

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Garston Inns Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Garston Inns Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Garston Inns Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Garston Inns Limited and state those matters that we have agreed to state to the Board of Directors of Garston Inns Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Garston Inns Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Garston Inns Limited. You consider that Garston Inns 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 financial statements of Garston Inns 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 financial statements.






APS Accountancy Ltd
4 Cromwell Court
New Street
Aylesbury
Buckinghamshire
HP20 2PB


30 July 2024

Garston Inns Limited (Registered number: 05317916)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 700 1,400
Tangible assets 5 6,245 4,772
6,945 6,172

CURRENT ASSETS
Stocks 7,306 11,263
Debtors 6 14,857 14,741
Cash at bank and in hand 7,628 12,413
29,791 38,417
CREDITORS
Amounts falling due within one year 7 (162,592 ) (159,508 )
NET CURRENT LIABILITIES (132,801 ) (121,091 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(125,856

)

(114,919

)

CREDITORS
Amounts falling due after more than one
year

8

(7,083

)

(12,083

)

PROVISIONS FOR LIABILITIES (1,320 ) (968 )
NET LIABILITIES (134,259 ) (127,970 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (134,261 ) (127,972 )
SHAREHOLDERS' FUNDS (134,259 ) (127,970 )

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

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

Garston Inns Limited (Registered number: 05317916)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Mr B W Eccles - Director


Garston Inns Limited (Registered number: 05317916)

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

1. STATUTORY INFORMATION

Garston Inns 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

Garston Inns Limited (Registered number: 05317916)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 14,000
AMORTISATION
At 1 January 2023 12,600
Charge for year 700
At 31 December 2023 13,300
NET BOOK VALUE
At 31 December 2023 700
At 31 December 2022 1,400

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 8,845 16,478 33,377 58,700
Additions - 4,294 - 4,294
At 31 December 2023 8,845 20,772 33,377 62,994
DEPRECIATION
At 1 January 2023 8,845 12,687 32,396 53,928
Charge for year - 2,367 454 2,821
At 31 December 2023 8,845 15,054 32,850 56,749
NET BOOK VALUE
At 31 December 2023 - 5,718 527 6,245
At 31 December 2022 - 3,791 981 4,772

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 14,857 14,741

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,352 9,488
Trade creditors 18,558 11,895
Taxation and social security 4,718 7,661
Other creditors 127,964 130,464
162,592 159,508

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 7,083 12,083

Garston Inns Limited (Registered number: 05317916)

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

9. ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate controlling parties are the directors by virtue of their ownership of all of the issued share capital of the company.

10. GOING CONCERN

The directors have confirmed that they will continue to give financial support to the company until such time as its position improves.