Acorah Software Products - Accounts Production 15.0.600 false true false 1 December 2022 30 November 2023 30 November 2023 10504150 Mr Matthew Waghorn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10504150 2022-11-30 10504150 2023-11-30 10504150 2022-12-01 2023-11-30 10504150 frs-core:CurrentFinancialInstruments 2023-11-30 10504150 frs-core:Non-currentFinancialInstruments 2023-11-30 10504150 frs-core:BetweenOneFiveYears 2023-11-30 10504150 frs-core:ComputerEquipment 2022-12-01 2023-11-30 10504150 frs-core:FurnitureFittings 2022-12-01 2023-11-30 10504150 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 10504150 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 10504150 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 10504150 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 10504150 frs-core:MotorVehicles 2023-11-30 10504150 frs-core:MotorVehicles 2022-12-01 2023-11-30 10504150 frs-core:MotorVehicles 2022-11-30 10504150 frs-core:PlantMachinery 2023-11-30 10504150 frs-core:PlantMachinery 2022-12-01 2023-11-30 10504150 frs-core:PlantMachinery 2022-11-30 10504150 frs-core:ShareCapital 2023-11-30 10504150 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10504150 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10504150 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10504150 frs-bus:SmallEntities 2022-12-01 2023-11-30 10504150 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10504150 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10504150 frs-bus:Director1 2022-12-01 2023-11-30 10504150 frs-countries:EnglandWales 2022-12-01 2023-11-30
Registered number: 10504150
Stones Garden Centre Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Billing & Co Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10504150
2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 863,032
863,032
CURRENT ASSETS
Stocks 5 295,725
Debtors 6 119,479
Cash at bank and in hand 56,472
471,676
Creditors: Amounts Falling Due Within One Year 7 (328,129 )
NET CURRENT ASSETS (LIABILITIES) 143,547
TOTAL ASSETS LESS CURRENT LIABILITIES 1,006,579
Creditors: Amounts Falling Due After More Than One Year 8 (732,081 )
NET ASSETS 274,498
CAPITAL AND RESERVES
Called up share capital 10 100
Profit and Loss Account 274,398
SHAREHOLDERS' FUNDS 274,498
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Waghorn
Director
20 March 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Stones Garden Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10504150 . The registered office is Tudor Lodge, Augustine road, Minster on Sea, Sheerness, Kent, ME12 2LZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Leasehold Dependant on Leashold terms
Plant & Machinery 20% per annum
Motor Vehicles 25% per annum
Fixtures & Fittings 20% per annum
Computer Equipment 20% per annum
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9
9
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 December 2022 762,856 111,767 81,995 956,618
Additions 66,819 - - 66,819
As at 30 November 2023 829,675 111,767 81,995 1,023,437
Depreciation
As at 1 December 2022 25,752 66,573 51,390 143,715
Provided during the period - 9,039 7,651 16,690
As at 30 November 2023 25,752 75,612 59,041 160,405
Net Book Value
As at 30 November 2023 803,923 36,155 22,954 863,032
As at 1 December 2022 737,104 45,194 30,605 812,903
5. Stocks
2023
£
Stock 295,725
6. Debtors
2023
£
Due within one year
Trade debtors 119,479
119,479
7. Creditors: Amounts Falling Due Within One Year
2023
£
Trade creditors 323,241
Other taxes and social security 4,888
328,129
8. Creditors: Amounts Falling Due After More Than One Year
2023
£
Net obligations under finance lease and hire purchase contracts 14,019
Bank loans 468,062
Other creditors 250,000
732,081
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9. Obligations Under Finance Leases and Hire Purchase
2023
£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 14,019
10. Share Capital
2023
£
Allotted, Called up and fully paid 100
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