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Company No: 01800822 (England and Wales)

D.A. GARNHAM AND SON LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

D.A. GARNHAM AND SON LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

D.A. GARNHAM AND SON LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2024
D.A. GARNHAM AND SON LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTORS Andrew John Corbyn
Wendy Anne Corbyn
David Garnham
Helga Rosalie Garnham
SECRETARY Wendy Anne Corbyn
REGISTERED OFFICE Gascoyne House Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
IP28 6JY
United Kingdom
COMPANY NUMBER 01800822 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
D.A. GARNHAM AND SON LIMITED

BALANCE SHEET

As at 30 April 2024
D.A. GARNHAM AND SON LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 2 2
Tangible assets 4 378,301 376,394
378,303 376,396
Current assets
Stocks 15,000 15,000
Debtors 485,600 416,324
Cash at bank and in hand 81,625 146,477
582,225 577,801
Creditors: amounts falling due within one year ( 901,520) ( 900,445)
Net current liabilities (319,295) (322,644)
Total assets less current liabilities 59,008 53,752
Creditors: amounts falling due after more than one year 5 0 ( 19,656)
Net assets 59,008 34,096
Capital and reserves
Called-up share capital 2,400 2,400
Capital redemption reserve 500 500
Profit and loss account 56,108 31,196
Total shareholders' funds 59,008 34,096

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of D.A. Garnham And Son Limited (registered number: 01800822) were approved and authorised for issue by the Board of Directors on 15 August 2024. They were signed on its behalf by:

Andrew John Corbyn
Director
D.A. GARNHAM AND SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
D.A. GARNHAM AND SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

D.A. Garnham And Son Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House Moseleys Farm Business Centre, Fornham All Saints, Bury St Edmunds, IP28 6JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 May 2023 2 2
At 30 April 2024 2 2
Accumulated amortisation
At 01 May 2023 0 0
At 30 April 2024 0 0
Net book value
At 30 April 2024 2 2
At 30 April 2023 2 2

4. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 01 May 2023 609,482 3,302 612,784
Additions 218,055 0 218,055
Disposals ( 255,019) 0 ( 255,019)
At 30 April 2024 572,518 3,302 575,820
Accumulated depreciation
At 01 May 2023 233,496 2,894 236,390
Charge for the financial year 44,087 61 44,148
Disposals ( 83,019) 0 ( 83,019)
At 30 April 2024 194,564 2,955 197,519
Net book value
At 30 April 2024 377,954 347 378,301
At 30 April 2023 375,986 408 376,394

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 0 19,656

There are no amounts included above in respect of which any security has been given by the small entity.