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REGISTERED NUMBER: 02046922 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

TOWNSEND NURSERY AND GARDEN EQUIPMENT
CENTRE LIMITED

TOWNSEND NURSERY AND GARDEN EQUIPMENT
CENTRE LIMITED (REGISTERED NUMBER: 02046922)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWNSEND NURSERY AND GARDEN EQUIPMENT
CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: P G Taylor





REGISTERED OFFICE: 155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 02046922 (England and Wales)





ACCOUNTANTS: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

TOWNSEND NURSERY AND GARDEN EQUIPMENT
CENTRE LIMITED (REGISTERED NUMBER: 02046922)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231,116 230,576

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 7,176 2,706
Cash at bank 145,224 135,609
154,400 140,315
CREDITORS
Amounts falling due within one year 6 82,102 88,925
NET CURRENT ASSETS 72,298 51,390
TOTAL ASSETS LESS CURRENT LIABILITIES 303,414 281,966

CREDITORS
Amounts falling due after more than one
year

7

(10,497

)

(13,669

)

PROVISIONS FOR LIABILITIES (43,912 ) (43,809 )
NET ASSETS 249,005 224,488

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Retained earnings 244,005 219,488
SHAREHOLDERS' FUNDS 249,005 224,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TOWNSEND NURSERY AND GARDEN EQUIPMENT
CENTRE LIMITED (REGISTERED NUMBER: 02046922)

BALANCE SHEET - continued
31ST JANUARY 2024


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 director and authorised for issue on 8th August 2024 and were signed by:





P G Taylor - Director


TOWNSEND NURSERY AND GARDEN EQUIPMENT
CENTRE LIMITED (REGISTERED NUMBER: 02046922)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Townsend Nursery And Garden Equipment Centre 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.

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.
Freehold property - Straight line over 20 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 5% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

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.

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.

TOWNSEND NURSERY AND GARDEN EQUIPMENT
CENTRE LIMITED (REGISTERED NUMBER: 02046922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st February 2023 214,213 81,809 15,516
Additions - 9,278 -
At 31st January 2024 214,213 91,087 15,516
DEPRECIATION
At 1st February 2023 12,649 59,856 12,537
Charge for year - 7,807 149
At 31st January 2024 12,649 67,663 12,686
NET BOOK VALUE
At 31st January 2024 201,564 23,424 2,830
At 31st January 2023 201,564 21,953 2,979

TOWNSEND NURSERY AND GARDEN EQUIPMENT
CENTRE LIMITED (REGISTERED NUMBER: 02046922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st February 2023 24,810 - 336,348
Additions - 317 9,595
At 31st January 2024 24,810 317 345,943
DEPRECIATION
At 1st February 2023 20,730 - 105,772
Charge for year 1,020 79 9,055
At 31st January 2024 21,750 79 114,827
NET BOOK VALUE
At 31st January 2024 3,060 238 231,116
At 31st January 2023 4,080 - 230,576

The net book value of tangible fixed assets includes £ 10,896 (2023 - £ 14,527 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,888 2,096
Other debtors 4,288 610
7,176 2,706

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,926 -
Hire purchase contracts 3,172 2,768
Trade creditors 1,501 906
Taxation and social security 1,429 5,355
Other creditors 65,074 79,896
82,102 88,925

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,497 13,669

TOWNSEND NURSERY AND GARDEN EQUIPMENT
CENTRE LIMITED (REGISTERED NUMBER: 02046922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary 1 5,000 5,000