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REGISTERED NUMBER: 07382872 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

The Good Gardening Company Limited

The Good Gardening Company Limited (Registered number: 07382872)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Good Gardening Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G Goldfinch
K Goldfinch





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Rusthall
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 07382872 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

The Good Gardening Company Limited (Registered number: 07382872)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 57,592 53,000

CURRENT ASSETS
Debtors 5 6,431 2,417
Cash at bank 7,673 6,243
14,104 8,660
CREDITORS
Amounts falling due within one year 6 14,433 9,996
NET CURRENT LIABILITIES (329 ) (1,336 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,263

51,664

CREDITORS
Amounts falling due after more than one
year

7

(17,391

)

(10,306

)

PROVISIONS FOR LIABILITIES 8 (10,942 ) (10,070 )
NET ASSETS 28,930 31,288

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 28,830 31,188
SHAREHOLDERS' FUNDS 28,930 31,288

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

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

The directors acknowledge their 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.

The Good Gardening Company Limited (Registered number: 07382872)

Statement of Financial Position - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:




G Goldfinch - Director



K Goldfinch - Director


The Good Gardening Company Limited (Registered number: 07382872)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Good Gardening Company 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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts.

Turnover
Revenue 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.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Functional currency
The company's functional currency is £ Sterling.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

The Good Gardening Company Limited (Registered number: 07382872)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 11,083 54,997 50,561 4,784 121,425
Additions - 2,125 18,485 190 20,800
At 31 March 2024 11,083 57,122 69,046 4,974 142,225
DEPRECIATION
At 1 April 2023 6,927 39,346 19,123 3,029 68,425
Charge for year 1,108 4,444 10,170 486 16,208
At 31 March 2024 8,035 43,790 29,293 3,515 84,633
NET BOOK VALUE
At 31 March 2024 3,048 13,332 39,753 1,459 57,592
At 31 March 2023 4,156 15,651 31,438 1,755 53,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,362 1,842
Prepayments 1,069 575
6,431 2,417

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 6,720 3,720
Trade creditors 1,072 647
Social security and other taxes 79 -
VAT 5,012 3,944
Accrued expenses 1,550 1,685
14,433 9,996

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,285 9,706
Directors' loan accounts 1,106 600
17,391 10,306

The Good Gardening Company Limited (Registered number: 07382872)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,942 10,070

Deferred
tax
£   
Balance at 1 April 2023 10,070
Provided during year 872
Balance at 31 March 2024 10,942

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 31,188
Profit for the year 1,742
Dividends (4,100 )
At 31 March 2024 28,830