Registered number
08063729
Garton Projects Limited
Unaudited Filleted Accounts
31 May 2024
Garton Projects Limited
Registered number: 08063729
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 31,882 53,331
Current assets
Debtors 4 8,184 4,662
Cash at bank and in hand 625,397 620,240
633,581 624,902
Creditors: amounts falling due within one year 5 (126,754) (236,312)
Net current assets 506,827 388,590
Total assets less current liabilities 538,709 441,921
Provisions for liabilities (7,970) (13,232)
Net assets 530,739 428,689
Capital and reserves
Called up share capital 2 2
Profit and loss account 530,737 428,687
Shareholder's funds 530,739 428,689
The director is 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 director acknowledges his 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.
D Garton
Director
Approved by the board on 8 August 2024
Garton Projects Limited
Notes to the Accounts
for the year ended 31 May 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 includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, machinery and office equipment 33% straight line
Motor vehicles (including vans) 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 18,480 75,757 94,237
Additions 11,856 - 11,856
Disposals (2,590) (31,377) (33,967)
At 31 May 2024 27,746 44,380 72,126
Depreciation
At 1 June 2023 14,124 26,782 40,906
Charge for the year 6,520 11,096 17,616
On disposals (2,590) (15,688) (18,278)
At 31 May 2024 18,054 22,190 40,244
Net book value
At 31 May 2024 9,692 22,190 31,882
At 31 May 2023 4,356 48,975 53,331
4 Debtors 2024 2023
£ £
Trade debtors 478 -
Other debtors 7,706 4,662
8,184 4,662
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 23,474 2,508
Taxation and social security costs 81,134 116,393
Other creditors 22,146 117,411
126,754 236,312
6 Other information
Garton Projects Limited is a private company limited by shares and incorporated in England. Its registered office is:
22 Forest Close
Baughurst
Tadley
Hampshire
RG26 5PB
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