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REGISTERED NUMBER: 05388651 (England and Wales)















Wymondham Garden Centre Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






Wymondham Garden Centre Ltd (Registered number: 05388651)






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 3


Wymondham Garden Centre Ltd

Company Information
for the Year Ended 31 December 2023







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





Secretary: G S Groucott





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





Registered number: 05388651 (England and Wales)





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

Wymondham Garden Centre Ltd (Registered number: 05388651)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 243,420 274,716

Current assets
Stocks 354,818 331,448
Debtors 5 733,070 552,507
Cash at bank and in hand 444,788 295,200
1,532,676 1,179,155
Creditors
Amounts falling due within one year 6 443,791 347,608
Net current assets 1,088,885 831,547
Total assets less current liabilities 1,332,305 1,106,263

Provisions for liabilities 37,615 37,769
Net assets 1,294,690 1,068,494

Capital and reserves
Called up share capital 7 100 100
Retained earnings 1,294,590 1,068,394
Shareholders' funds 1,294,690 1,068,494

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:



Mrs B M Groucott - Director


Wymondham Garden Centre Ltd (Registered number: 05388651)

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

1. Statutory information

Wymondham Garden Centre 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.

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.
Leasehold Improvements - 10% on reducing balance
Plant and machinery - 15% 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 Statement of Income and Retained Earnings, 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.

Wymondham Garden Centre Ltd (Registered number: 05388651)

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.

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 43 (2022 - 43 ) .

4. Tangible fixed assets
Leasehold Plant and Motor
Improvements machinery vehicles Totals
£    £    £    £   
Cost
At 1 January 2023 137,834 354,007 53,390 545,231
Additions - 15,444 2,320 17,764
Disposals - (17,971 ) - (17,971 )
At 31 December 2023 137,834 351,480 55,710 545,024
Depreciation
At 1 January 2023 61,906 174,052 34,557 270,515
Charge for year 7,593 28,098 5,289 40,980
Eliminated on disposal - (9,891 ) - (9,891 )
At 31 December 2023 69,499 192,259 39,846 301,604
Net book value
At 31 December 2023 68,335 159,221 15,864 243,420
At 31 December 2022 75,928 179,955 18,833 274,716

5. Debtors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Trade debtors 63,444 64,173
Other debtors 669,626 488,334
733,070 552,507

6. Creditors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Trade creditors 234,016 233,659
Taxation and social security 122,530 69,609
Other creditors 87,245 44,340
443,791 347,608

Wymondham Garden Centre Ltd (Registered number: 05388651)

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

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
100 Ordinary 1 100 100

8. Related party disclosures

Included in other debtors is a loan to a company that the directors control. a commercial rate of Interest is charged on this

9. Ultimate controlling party

The controlling party is Mr G and Mrs B Groucott by owning all the company shares..