Registered number
08333222
C C Garden Design and Construction Limited
Unaudited Filleted Accounts
31 December 2023
C C Garden Design and Construction Limited
Registered number: 08333222
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 16,317 19,756
Tangible assets 4 28,664 39,139
44,981 58,895
Current assets
Stocks 3,000 5,000
Debtors 5 347 10,977
Cash at bank and in hand 1,013 1,504
4,360 17,481
Creditors: amounts falling due within one year 6 (32,748) (47,167)
Net current liabilities (28,388) (29,686)
Total assets less current liabilities 16,593 29,209
Creditors: amounts falling due after more than one year 7 (1,350) (2,700)
Provisions for liabilities (3,474) (5,338)
Net assets 11,769 21,171
Capital and reserves
Called up share capital 2 2
Profit and loss account 11,767 21,169
Shareholders' funds 11,769 21,171
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Christopher Carpenter
Director
Approved by the board on 31 July 2024
C C Garden Design and Construction Limited
Notes to the Accounts
for the year ended 31 December 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Goodwill 5% Straight line
Website 5 years
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:
Motor Vehicles 25% reducing balance
Plant and machinery 25% reducing balance
Plant and machinery - grant funding 20% Straight line
Fixtures, fittings, tools and office equipment 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 Intangible fixed assets £
Website Goodwill Total
£ £ £
Cost
At 1 January 2023 12,195 20,000 32,195
At 31 December 2023 12,195 20,000 32,195
Amortisation
At 1 January 2023 2,439 10,000 12,439
Provided during the year 2,439 1,000 3,439
At 31 December 2023 4,878 11,000 15,878
Net book value
At 31 December 2023 7,317 9,000 16,317
At 31 December 2022 9,756 10,000 19,756
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years and the website is being written off in equal annual instalments over its estimated economic life of 3 years.
4 Tangible fixed assets
Office Equipment, Fixtures and Fittings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 7,114 45,774 50,250 103,138
Additions - 2,198 - 2,198
Disposals - - (4,900) (4,900)
At 31 December 2023 7,114 47,972 45,350 100,436
Depreciation
At 1 January 2023 5,380 27,016 31,603 63,999
Charge for the year 434 6,027 4,145 10,606
On disposals - - (2,833) (2,833)
At 31 December 2023 5,814 33,043 32,915 71,772
Net book value
At 31 December 2023 1,300 14,929 12,435 28,664
At 31 December 2022 1,734 18,758 18,647 39,139
5 Debtors 2023 2022
£ £
Trade debtors - 6,292
Corporation Tax debtor - 4,022
Other debtors 347 663
347 10,977
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 17,744 23,535
Barclaycard 330 -
Trade creditors 3,840 3,892
Taxation and social security costs 7,384 6,361
Grant Due within 1yr 1,350 1,350
Income in advance - 4,594
Pension 204 280
Other creditors 1,896 7,155
32,748 47,167
7 Creditors: amounts falling due after one year 2023 2022
£ £
Grant due after 1 yr 1,350 2,700
8 Related party transactions
None noted.
9 Transactions with Directors
During the year Mr Chris Carpenter and Mrs Beth Carpenter, director and shareholders, used current accounts with the company to record amounts due to them and amounts drawn by them. The amounts owed to Mr Chris Carpenter, and included in other creditors as at 31st December 2023 was £11.55 (2022:£138.75). The amount owed to Mrs Beth Carpenter and included in other creditors as at 31st December 2023 was £NIL. (2022: £NIL). The amount is repayable on demand and does not carry interest.
9 Controlling party
Mr C Carpenter owns 50% & Mrs B Carpenter owns 50% of the share capital of the company and therefore they are jointly the company's ultimate controlling party.
10 Other information
C C Garden Design and Construction Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
13 Pencommin
Llangynidr
Crickhowell
NP8 1LT
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