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REGISTERED NUMBER: 01650759 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2023

for

LINTEN GARDEN PRODUCTS LIMITED

LINTEN GARDEN PRODUCTS LIMITED (REGISTERED NUMBER: 01650759)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINTEN GARDEN PRODUCTS LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







Directors: Mr S Evans
Mr L S Evans





Secretary: Ms C A Evans





Registered office: Golden Days Garden Centre Back Lane
Appley Bridge
Wigan
Lancashire
WN6 8RS





Registered number: 01650759 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

LINTEN GARDEN PRODUCTS LIMITED (REGISTERED NUMBER: 01650759)

Balance Sheet
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 686,806 583,698
Tangible assets 5 4,091,928 4,122,730
4,778,734 4,706,428

CURRENT ASSETS
Stocks 1,751,494 2,050,000
Debtors 6 294,191 480,943
Investments 7 1 -
Cash at bank and in hand 104,420 65,451
2,150,106 2,596,394
CREDITORS
Amounts falling due within one year 8 2,533,323 2,280,669
NET CURRENT (LIABILITIES)/ASSETS (383,217 ) 315,725
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,395,517

5,022,153

CREDITORS
Amounts falling due after more than one year 9 (219,672 ) (868,242 )

PROVISIONS FOR LIABILITIES 11 (151,844 ) (109,602 )
NET ASSETS 4,024,001 4,044,309

CAPITAL AND RESERVES
Called up share capital 12 225,000 225,000
Reserves 1,225,407 1,225,407
Retained earnings 2,573,594 2,593,902
SHAREHOLDERS' FUNDS 4,024,001 4,044,309

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 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.

LINTEN GARDEN PRODUCTS LIMITED (REGISTERED NUMBER: 01650759)

Balance Sheet - 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 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 31 July 2024 and were signed on its behalf by:





Mr S Evans - Director


LINTEN GARDEN PRODUCTS LIMITED (REGISTERED NUMBER: 01650759)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Linten Garden Products 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.

Preparation of consolidated financial statements
The financial statements contain information about Linten Garden Products Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less the residual value of 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 - 1% on cost
Improvements to property - 15% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Website development - Straight line over 3 years

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.


LINTEN GARDEN PRODUCTS LIMITED (REGISTERED NUMBER: 01650759)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 49 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 November 2022 768,918
Additions 200,000
At 31 October 2023 968,918
AMORTISATION
At 1 November 2022 185,220
Amortisation for year 96,892
At 31 October 2023 282,112
NET BOOK VALUE
At 31 October 2023 686,806
At 31 October 2022 583,698


LINTEN GARDEN PRODUCTS LIMITED (REGISTERED NUMBER: 01650759)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 November 2022 3,738,500 930,416 813,564
Additions - 4,917 3,651
Disposals - - -
At 31 October 2023 3,738,500 935,333 817,215
DEPRECIATION
At 1 November 2022 220,464 381,024 782,426
Charge for year 36,997 80,056 8,569
Eliminated on disposal - - -
At 31 October 2023 257,461 461,080 790,995
NET BOOK VALUE
At 31 October 2023 3,481,039 474,253 26,220
At 31 October 2022 3,518,036 549,392 31,138

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 November 2022 45,678 83,722 82,349 5,694,229
Additions 114,888 33,110 - 156,566
Disposals - (21,360 ) - (21,360 )
At 31 October 2023 160,566 95,472 82,349 5,829,435
DEPRECIATION
At 1 November 2022 35,752 69,484 82,349 1,571,499
Charge for year 35,130 10,596 - 171,348
Eliminated on disposal - (5,340 ) - (5,340 )
At 31 October 2023 70,882 74,740 82,349 1,737,507
NET BOOK VALUE
At 31 October 2023 89,684 20,732 - 4,091,928
At 31 October 2022 9,926 14,238 - 4,122,730

Tangible fixed assets are recognised at cost.

Cost or valuation at 31 October 2023 is represented by:
Freehold Property £
Valuation in 20103,738,500
Aggregate depreciation257,461
Value at 31 October 20233,481,039

LINTEN GARDEN PRODUCTS LIMITED (REGISTERED NUMBER: 01650759)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 9,411 88,340
Amounts owed by group undertakings 224,143 -
Other debtors 60,637 392,603
294,191 480,943

7. CURRENT ASSET INVESTMENTS
31.10.23 31.10.22
£    £   
Shares in group undertakings 1 -

Investment relates to share purchased in Christmas Tree World Limited.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 574,893 362,359
Hire purchase contracts 108,927 111,082
Trade creditors 817,794 1,040,857
Amounts owed to group undertakings 13,809 -
Taxation and social security 445,825 519,136
Other creditors 572,075 247,235
2,533,323 2,280,669

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans - 530,779
Hire purchase contracts 219,672 337,463
219,672 868,242

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank overdrafts 574,893 170,864
Bank loans - 722,274
Hire purchase contracts 328,599 448,545
903,492 1,341,683

The company assets are secured by fixed and floating charges, dated 04 August, 2023 in favour of Handelsbanken PLC. Further charges exist in favour of Handelsbanken PLC which are secured against specific company assets.

Hire purchase liabilities and loans are secured against the specific assets to which they relate.

11. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 151,844 109,602

LINTEN GARDEN PRODUCTS LIMITED (REGISTERED NUMBER: 01650759)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 109,602
Provided during year 42,242
Balance at 31 October 2023 151,844

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
135,000 Ordinary A share £1 135,000 135,000
11,250 Ordinary B share £1 11,250 11,250
56,250 Ordinary C share £1 56,250 56,250
22,500 Ordinary D share £1 22,500 22,500
225,000 225,000