Registered number
06636033
S.R.W. Garden Care Limited
Filleted Accounts
31 July 2023
S.R.W. Garden Care Limited
Registered number: 06636033
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 49,736 20,561
Current assets
Debtors 4 45,141 8,977
Cash at bank and in hand 162,125 241,485
207,266 250,462
Creditors: amounts falling due within one year 5 (67,426) (67,143)
Net current assets 139,840 183,319
Total assets less current liabilities 189,576 203,880
Creditors: amounts falling due after more than one year 6 - (35,000)
Net assets 189,576 168,880
Capital and reserves
Called up share capital 100 100
Profit and loss account 189,476 168,780
Shareholder's funds 189,576 168,880
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.
S Wardman
Director
Approved by the board on 8 September 2024
S.R.W. Garden Care Limited
Notes to the Accounts
for the year ended 31 July 2023
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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 20% reducing balance
Motor vehicles 25% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 22,290 75,546 97,836
Additions - 45,371 45,371
At 31 July 2023 22,290 120,917 143,207
Depreciation
At 1 August 2022 17,960 59,315 77,275
Charge for the year 920 15,276 16,196
At 31 July 2023 18,880 74,591 93,471
Net book value
At 31 July 2023 3,410 46,326 49,736
At 31 July 2022 4,330 16,231 20,561
4 Debtors 2023 2022
£ £
Trade debtors 8,977 8,977
Other debtors 36,164 -
45,141 8,977
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 10,000
Obligations under finance lease and hire purchase contracts 14,018 16,094
Trade creditors 45,821 850
Taxation and social security costs 7,272 32,605
Other creditors 315 7,594
67,426 67,143
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 35,000
7 Related party transactions
Included in other debtors is an amount of £36,164 due from S Waterman ltd, 50% of the share capital is owned by S Wardman (director).
8 Controlling party
The controlling party is S Wardman, due to his 100% ownership of the issued share capital.
9 Other information
S.R.W. Garden Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
52 Mossgrove Road
Timperley
Altrincham
Cheshire
WA15 6LF
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