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REGISTERED NUMBER: 04379180 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

M R Garland Limited

M R Garland Limited (Registered number: 04379180)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M R Garland Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr M R Garland





SECRETARY: Mrs K M H Garland





REGISTERED OFFICE: Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS





REGISTERED NUMBER: 04379180 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

M R Garland Limited (Registered number: 04379180)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,047 2,503

CURRENT ASSETS
Debtors 5 6,870 5,455
Cash at bank 11,619 13,993
18,489 19,448
CREDITORS
Amounts falling due within one year 6 (18,755 ) (17,377 )
NET CURRENT (LIABILITIES)/ASSETS (266 ) 2,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

781

4,574

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 681 4,474
SHAREHOLDERS' FUNDS 781 4,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 27 June 2024 and were signed by:





Mr M R Garland - Director


M R Garland Limited (Registered number: 04379180)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

M R Garland 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

TURNOVER
Turnover 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.
Plant & equipment - 20% on reducing balance
Computer equipment - 33% on cost

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant & Computer
equipment equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 2,334 11,602 13,936
DEPRECIATION
At 1 March 2023 1,546 9,887 11,433
Charge for year 158 1,298 1,456
At 29 February 2024 1,704 11,185 12,889
NET BOOK VALUE
At 29 February 2024 630 417 1,047
At 28 February 2023 788 1,715 2,503

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,616 5,455
Directors' current accounts 4,254 -
6,870 5,455

M R Garland Limited (Registered number: 04379180)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 9,988 8,101
Social security and other tax (34 ) (34 )
VAT 5,788 5,906
Other creditors 3,013 3,171
Directors' current accounts - 233
18,755 17,377

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. RESERVES
Retained
earnings
£   

At 1 March 2023 4,474
Profit for the year 40,360
Dividends (44,153 )
At 29 February 2024 681

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr M R Garland
Balance outstanding at start of year (233 ) (210 )
Amounts advanced 12,841 7,100
Amounts repaid (8,354 ) (7,123 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,254 (233 )

The Directors loan account will be fully repaid within 9 months.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £19,746.65 (Year 2023 - £20,173.22) were paid to the director.