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REGISTERED NUMBER: 04595486 (England and Wales)















PENRALLT GARDEN CENTRE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






PENRALLT GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04595486)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENRALLT GARDEN CENTRE LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2024







DIRECTORS: Mr P F Fletcher
Mrs L J Fletcher





SECRETARY: Mrs L J Fletcher





REGISTERED OFFICE: Erwlan
Moylegrove
Cardigan
Pembrokeshire
SA43 3BY





REGISTERED NUMBER: 04595486 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

PENRALLT GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04595486)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 282,789 289,324
282,789 289,324

CURRENT ASSETS
Stocks 335,100 305,600
Debtors 6 3,046 -
Cash at bank and in hand 188,360 111,574
526,506 417,174
CREDITORS
Amounts falling due within one year 7 235,279 130,303
NET CURRENT ASSETS 291,227 286,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

574,016

576,195

PROVISIONS FOR LIABILITIES 18,511 21,458
NET ASSETS 555,505 554,737

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 555,503 554,735
SHAREHOLDERS' FUNDS 555,505 554,737

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.

PENRALLT GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04595486)

BALANCE SHEET - continued
31 JANUARY 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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





Mr P F Fletcher - Director


PENRALLT GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04595486)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024


1. STATUTORY INFORMATION

Penrallt 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 20% on reducing balance and 15% 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.

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.

PENRALLT GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04595486)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

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 15 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 40,000
AMORTISATION
At 1 February 2023
and 31 January 2024 40,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 February 2023 158,675 47,579 212,225
Additions - - 12,484
At 31 January 2024 158,675 47,579 224,709
DEPRECIATION
At 1 February 2023 23,688 3,806 146,215
Charge for year 1,238 1,903 11,774
At 31 January 2024 24,926 5,709 157,989
NET BOOK VALUE
At 31 January 2024 133,749 41,870 66,720
At 31 January 2023 134,987 43,773 66,010

PENRALLT GARDEN CENTRE LIMITED (REGISTERED NUMBER: 04595486)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 17,451 117,629 6,290 559,849
Additions - 7,995 - 20,479
At 31 January 2024 17,451 125,624 6,290 580,328
DEPRECIATION
At 1 February 2023 8,517 83,460 4,839 270,525
Charge for year 1,340 10,541 218 27,014
At 31 January 2024 9,857 94,001 5,057 297,539
NET BOOK VALUE
At 31 January 2024 7,594 31,623 1,233 282,789
At 31 January 2023 8,934 34,169 1,451 289,324

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,046 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 109,043 110,275
Taxation and social security 19,991 12,195
Other creditors 106,245 7,833
235,279 130,303

8. RELATED PARTY DISCLOSURES

According to the directors, there were no other material related party transactions during the year.

9. ULTIMATE CONTROLLING PARTY

Ultimate control of the Company is exercised by Mr P J Fletcher and Mrs L J Fletcher, the directors and shareholders of the Company.