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DARVILLS PETS AND GARDENS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






DARVILLS PETS AND GARDENS LIMITED (REGISTERED NUMBER: 01173391)

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


DARVILLS PETS AND GARDENS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: R C Darvill
S P Darvill
Mrs C Darvill





REGISTERED OFFICE: 2 Cemetery Road
Four Lane Ends
BRADFORD
West Yorkshire
BD8 9RY





REGISTERED NUMBER: 01173391 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

DARVILLS PETS AND GARDENS LIMITED (REGISTERED NUMBER: 01173391)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,117 37,117
Tangible assets 5 194,276 196,653
231,393 233,770

CURRENT ASSETS
Stocks 25,403 24,047
Debtors 6 10,116 7,208
35,519 31,255
CREDITORS
Amounts falling due within one year 7 51,556 43,386
NET CURRENT LIABILITIES (16,037 ) (12,131 )
TOTAL ASSETS LESS CURRENT LIABILITIES 215,356 221,639

CREDITORS
Amounts falling due after more than one
year

8

-

(1,028

)

PROVISIONS FOR LIABILITIES 9 (813 ) (1,255 )
NET ASSETS 214,543 219,356

CAPITAL AND RESERVES
Called up share capital 10 8,000 8,000
Retained earnings 206,543 211,356
SHAREHOLDERS' FUNDS 214,543 219,356

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.

DARVILLS PETS AND GARDENS LIMITED (REGISTERED NUMBER: 01173391)

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:





R C Darvill - Director


DARVILLS PETS AND GARDENS LIMITED (REGISTERED NUMBER: 01173391)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Darvills Pets and Gardens 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.

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

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 is the amount paid in connection with the acquisition of the business in 1983.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.


DARVILLS PETS AND GARDENS LIMITED (REGISTERED NUMBER: 01173391)

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
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.

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 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 37,117
NET BOOK VALUE
At 31 October 2023 37,117
At 31 October 2022 37,117

5. TANGIBLE FIXED ASSETS

The freehold property is not depreciated, as the Directors consider the current market value to be greater than the historic cost as shown in the balance sheet.

The net book value of tangible fixed assets includes £ 4,278 (2022 - £ 6,417 ) in respect of assets held under hire purchase contracts.

DARVILLS PETS AND GARDENS LIMITED (REGISTERED NUMBER: 01173391)

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
£    £   
Tax 3,375 3,375
VAT 3,432 2,315
Prepayments 3,309 1,518
10,116 7,208

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 5,124 497
Hire purchase contracts 1,028 3,080
Trade creditors 28,496 26,388
Tax - 134
Social security and other taxes 944 734
Other creditors 150 193
Directors' current accounts 13,417 10,120
Accrued expenses 2,397 2,240
51,556 43,386

The directors' loan account balance is interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts - 1,028

9. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 813 1,255

Deferred
tax
£   
Balance at 1 November 2022 1,255
Accelerated Capital Allowances (442 )
Balance at 31 October 2023 813

The entire provision for deferred tax relates to accelerated capital allowances.

DARVILLS PETS AND GARDENS LIMITED (REGISTERED NUMBER: 01173391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
7,900 Ordinary £1 7,900 7,900
100 Class A £1 100 100
8,000 8,000