IRIS Accounts Production v24.1.0.578 04651455 Board of Directors Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046514552023-01-31046514552024-01-31046514552023-02-012024-01-31046514552022-01-31046514552022-02-012023-01-31046514552023-01-3104651455ns15:EnglandWales2023-02-012024-01-3104651455ns14:PoundSterling2023-02-012024-01-3104651455ns10:Director12023-02-012024-01-3104651455ns10:Director22023-02-012024-01-3104651455ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104651455ns10:SmallEntities2023-02-012024-01-3104651455ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3104651455ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104651455ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104651455ns10:FullAccounts2023-02-012024-01-3104651455ns10:CompanySecretary12023-02-012024-01-3104651455ns10:RegisteredOffice2023-02-012024-01-3104651455ns5:CurrentFinancialInstruments2024-01-3104651455ns5:CurrentFinancialInstruments2023-01-3104651455ns5:ShareCapital2024-01-3104651455ns5:ShareCapital2023-01-3104651455ns5:RetainedEarningsAccumulatedLosses2024-01-3104651455ns5:RetainedEarningsAccumulatedLosses2023-01-3104651455ns5:PlantMachinery2023-02-012024-01-3104651455ns5:LandBuildings2023-01-3104651455ns5:PlantMachinery2023-01-3104651455ns5:LandBuildings2023-02-012024-01-3104651455ns5:LandBuildings2024-01-3104651455ns5:PlantMachinery2024-01-3104651455ns5:LandBuildings2023-01-3104651455ns5:PlantMachinery2023-01-3104651455ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3104651455ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 04651455 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Garden Requisites Ltd

Garden Requisites Ltd (Registered number: 04651455)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Garden Requisites Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J D Thurman
Mrs H Thurman





SECRETARY: J D Thurman





REGISTERED OFFICE: 286 High Street
Batheaston
Bath
Somerset
BA1 7RA





REGISTERED NUMBER: 04651455 (England and Wales)





ACCOUNTANTS: OCL Accountancy
141 Englishcombe Lane
Bath
BA2 2EL

Garden Requisites Ltd (Registered number: 04651455)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 193,378 187,527

CURRENT ASSETS
Stocks 24,674 33,200
Debtors 5 38,146 93,794
Cash at bank 578,879 639,317
641,699 766,311
CREDITORS
Amounts falling due within one year 6 91,776 229,635
NET CURRENT ASSETS 549,923 536,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

743,301

724,203

PROVISIONS FOR LIABILITIES 2,577 1,866
NET ASSETS 740,724 722,337

CAPITAL AND RESERVES
Called up share capital 69 69
Retained earnings 740,655 722,268
SHAREHOLDERS' FUNDS 740,724 722,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by:




J D Thurman - Director



Mrs H Thurman - Director


Garden Requisites Ltd (Registered number: 04651455)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Garden Requisites 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
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 and machinery etc - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 7 (2023 - 7 ) .

Garden Requisites Ltd (Registered number: 04651455)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 162,584 97,558 260,142
Additions - 11,122 11,122
At 31 January 2024 162,584 108,680 271,264
DEPRECIATION
At 1 February 2023 - 72,615 72,615
Charge for year - 5,271 5,271
At 31 January 2024 - 77,886 77,886
NET BOOK VALUE
At 31 January 2024 162,584 30,794 193,378
At 31 January 2023 162,584 24,943 187,527

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 486 11,616
Other debtors 37,660 82,178
38,146 93,794

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 7,627 10,984
Taxation and social security 41,741 75,625
Other creditors 42,408 143,026
91,776 229,635