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REGISTERED NUMBER: 12818951 (England and Wales)















Aylsham Garden Centre Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Aylsham Garden Centre Limited (Registered number: 12818951)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Aylsham Garden Centre Limited

Company Information
for the Year Ended 31 December 2023







Directors: H Groucott
G S Groucott
C T Groucott
Mrs B M Groucott





Registered office: Bradford House
Yarmouth Road
Stalham
Norfolk
NR12 9PD





Registered number: 12818951 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Aylsham Garden Centre Limited (Registered number: 12818951)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 545,847 316,199

Current assets
Stocks 266,361 254,060
Debtors 5 19,932 16,574
Cash at bank and in hand 150,116 130,395
436,409 401,029
Creditors
Amounts falling due within one year 6 279,648 182,597
Net current assets 156,761 218,432
Total assets less current liabilities 702,608 534,631

Creditors
Amounts falling due after more than one
year

7

(659,138

)

(477,750

)

Provisions for liabilities (19,554 ) (14,489 )
Net assets 23,916 42,392

Capital and reserves
Called up share capital 100 100
Retained earnings 23,816 42,292
Shareholders' funds 23,916 42,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Aylsham Garden Centre Limited (Registered number: 12818951)

Statement of Financial Position - continued
31 December 2023


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 30 August 2024 and were signed on its behalf by:




Mrs B M Groucott - Director



G S Groucott - Director


Aylsham Garden Centre Limited (Registered number: 12818951)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Aylsham Garden Centre 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.
Freehold property - 10% on reducing balance
Short leasehold - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

Aylsham Garden Centre Limited (Registered number: 12818951)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 27 (2022 - 24 ) .

4. Tangible fixed assets
Freehold Short Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
Cost
At 1 January 2023 239,941 - 116,029 15,833 371,803
Additions 269,874 12,000 28,027 - 309,901
At 31 December 2023 509,815 12,000 144,056 15,833 681,704
Depreciation
At 1 January 2023 - - 48,677 6,927 55,604
Charge for year 50,982 3,200 23,845 2,226 80,253
At 31 December 2023 50,982 3,200 72,522 9,153 135,857
Net book value
At 31 December 2023 458,833 8,800 71,534 6,680 545,847
At 31 December 2022 239,941 - 67,352 8,906 316,199

5. Debtors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Trade debtors 9,204 2,332
Other debtors 10,728 14,242
19,932 16,574

6. Creditors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Trade creditors 255,652 173,146
Taxation and social security 15,521 4,265
Other creditors 8,475 5,186
279,648 182,597

7. Creditors: amounts falling due after more than one year
31/12/23 31/12/22
£    £   
Other creditors 659,138 477,750

Aylsham Garden Centre Limited (Registered number: 12818951)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. Related party disclosures

Included in other creditors is a loan from a company that the Directors control charging a commercial rate of interest on its year end balance.