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REGISTERED NUMBER: 05034884 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

N W Turf & Garden Supplies Ltd

N W Turf & Garden Supplies Ltd (Registered number: 05034884)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N W Turf & Garden Supplies Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A E Ratcliffe





SECRETARY: Mrs L Ratcliffe





REGISTERED OFFICE: 40 Kirklands
Bolton
Lancashire
BL2 4LU





REGISTERED NUMBER: 05034884 (England and Wales)





ACCOUNTANTS: Campbells Professional Partnership Limited
Chartered Accountants
Intermart House
76 Church Street
Horwich
Bolton
Lancashire
BL6 6AB

N W Turf & Garden Supplies Ltd (Registered number: 05034884)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 64,166 91,446

CURRENT ASSETS
Inventories 39,934 50,000
Debtors 5 55,703 102,438
Cash at bank 11,266 68,175
106,903 220,613
CREDITORS
Amounts falling due within one year 6 45,744 75,912
NET CURRENT ASSETS 61,159 144,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,325

236,147

PROVISIONS FOR LIABILITIES 13,906 17,387
NET ASSETS 111,419 218,760

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,319 218,660
SHAREHOLDERS' FUNDS 111,419 218,760

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.

N W Turf & Garden Supplies Ltd (Registered number: 05034884)

Balance Sheet - continued
29 February 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 director and authorised for issue on 10 September 2024 and were signed by:





A E Ratcliffe - Director


N W Turf & Garden Supplies Ltd (Registered number: 05034884)

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

1. STATUTORY INFORMATION

N W Turf & Garden Supplies Ltd 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.

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:
Plant and machinery -20% on cost
Motor vehicles - 15% on cost
Computer equipment - 20% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

N W Turf & Garden Supplies Ltd (Registered number: 05034884)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 64,794 148,163 1,915 214,872
Additions - 41,500 - 41,500
Disposals - (59,750 ) - (59,750 )
At 29 February 2024 64,794 129,913 1,915 196,622
DEPRECIATION
At 1 March 2023 48,490 74,170 766 123,426
Charge for year 4,484 13,125 384 17,993
Eliminated on disposal - (8,963 ) - (8,963 )
At 29 February 2024 52,974 78,332 1,150 132,456
NET BOOK VALUE
At 29 February 2024 11,820 51,581 765 64,166
At 28 February 2023 16,304 73,993 1,149 91,446

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 6,333 3,349
Other debtors 49,370 99,089
55,703 102,438

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 7,190 8,354
Taxation and social security 22,538 59,573
Other creditors 16,016 7,985
45,744 75,912

7. 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:

29.2.24 28.2.23
£    £   
A E Ratcliffe
Balance outstanding at start of year 90,469 (184 )
Amounts advanced 44,606 210,153
Amounts repaid (94,245 ) (119,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,830 90,469

N W Turf & Garden Supplies Ltd (Registered number: 05034884)

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

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Other debtors includes an amount of £40830 (2023:£90469 ) due from the director A E Ratcliffe and Mrs L Ratcliffe on their joint loan account,which is repayable on demand.Interest on the loan of £1460 (2023:£1202) was charged by the Company during the year..

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £45,235 (2023 - £59,750) were paid to the director .

9. ULTIMATE CONTROLLING PARTY

The director Mr A E Ratcliffe and his spouse Mrs L Ratcliffe are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.