Registered number
11894862
Raglan Garden Company Limited
Filleted Accounts
31 March 2024
Raglan Garden Company Limited
Registered number: 11894862
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 156,900 173,370
Current assets
Stocks 838,302 932,858
Debtors 4 12,286 132,349
Cash at bank and in hand 391,270 251,975
1,241,858 1,317,182
Creditors: amounts falling due within one year 5 (467,173) (502,806)
Net current assets 774,685 814,376
Total assets less current liabilities 931,585 987,746
Creditors: amounts falling due after more than one year 6 (94,329) (325,253)
Net assets 837,256 662,493
Capital and reserves
Called up share capital 100 100
Profit and loss account 837,156 662,393
Shareholder's funds 837,256 662,493
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christopher Martin Davies
Director
Approved by the board on 29 July 2024
Raglan Garden Company Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the sale of goods is recognised when goods are delivered and title has passed. Concession income and rental are accrued on a time basis and are recognised within 'other operating income'.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Straight line
Motor Vehicles 15% Straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
Rental payable under operating leases are charged against income on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 44 37
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 340,099 15,500 355,599
Additions 44,288 - 44,288
At 31 March 2024 384,387 15,500 399,887
Depreciation
At 1 April 2023 171,121 11,108 182,229
Charge for the year 57,658 3,100 60,758
At 31 March 2024 228,779 14,208 242,987
Net book value
At 31 March 2024 155,608 1,292 156,900
At 31 March 2023 168,978 4,392 173,370
4 Debtors 2024 2023
£ £
Trade debtors 12,286 6,546
Other debtors - 125,803
12,286 132,349
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 1,250
Trade creditors 326,289 376,246
Taxation and social security costs 105,379 96,717
Other creditors 35,505 28,593
467,173 502,806
6 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 94,329 325,253
7 Other information
Raglan Garden Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Raglan Garden Centre, Croes Bychan
Abergavenny Road
Raglan
Gwent
NP15 2BH
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