2023-01-01 2023-12-31 false Capium Accounts Production 1.1 06802727 bus:FullAccounts 2023-01-01 2023-12-31 06802727 bus:FRS102 2023-01-01 2023-12-31 06802727 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06802727 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06802727 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06802727 2023-01-01 2023-12-31 06802727 2023-12-31 06802727 bus:RegisteredOffice 2023-01-01 2023-12-31 06802727 core:WithinOneYear 2023-12-31 06802727 core:AfterOneYear 2023-12-31 06802727 bus:Director1 2023-01-01 2023-12-31 06802727 bus:Director1 2023-12-31 06802727 bus:Director1 2022-01-01 2022-12-31 06802727 bus:Director2 2023-01-01 2023-12-31 06802727 bus:Director2 2023-12-31 06802727 bus:Director2 2022-01-01 2022-12-31 06802727 2022-01-01 06802727 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 06802727 2022-01-01 2022-12-31 06802727 2022-12-31 06802727 core:WithinOneYear 2022-12-31 06802727 core:AfterOneYear 2022-12-31 06802727 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 06802727 core:LandBuildings 2023-01-01 2023-12-31 06802727 core:LandBuildings 2023-12-31 06802727 core:LandBuildings 2022-12-31 06802727 core:PlantMachinery 2023-01-01 2023-12-31 06802727 core:PlantMachinery 2023-12-31 06802727 core:PlantMachinery 2022-12-31 06802727 core:MotorCars 2023-01-01 2023-12-31 06802727 core:MotorCars 2023-12-31 06802727 core:MotorCars 2022-12-31 06802727 core:ComputerEquipment 2023-01-01 2023-12-31 06802727 core:ComputerEquipment 2023-12-31 06802727 core:ComputerEquipment 2022-12-31 06802727 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 06802727 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 06802727 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 06802727 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 06802727 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 06802727 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 06802727 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 06802727 core:Non-currentFinancialInstruments 2023-12-31 06802727 core:Non-currentFinancialInstruments 2022-12-31 06802727 core:ShareCapital 2023-12-31 06802727 core:ShareCapital 2022-12-31 06802727 core:RetainedEarningsAccumulatedLosses 2023-12-31 06802727 core:RetainedEarningsAccumulatedLosses 2022-12-31 06802727 dpl:Item1 2023-01-01 06802727 dpl:Item1 2023-12-31 06802727 dpl:Item1 2022-01-01 06802727 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 06802727
England and Wales

 

 

 

WOODCREST GARDEN CENTRE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2023
Principal activities
The companys principal activity during the year continued to be the supply of garden products and feeds as well as landscaping and construction
Directors
The directors who served the company throughout the year were as follows:
JULIE WALKER
CRAIG WALKER
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
JULIE WALKER
Director

Date approved: 17 September 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 5,229    7,870 
5,229    7,870 
Current assets      
Stocks 4 22,323    16,000 
Debtors 5 29,121    26,381 
Cash at bank and in hand 7,399    14,531 
58,843    56,912 
Creditors: amount falling due within one year 6 (73,165)   (82,605)
Net current assets (14,322)   (25,693)
 
Total assets less current liabilities (9,093)   (17,823)
Creditors: amount falling due after more than one year 7 (12,242)   (20,042)
Net assets (21,335)   (37,865)
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account (21,337)   (37,867)
Shareholders' funds (21,335)   (37,865)
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 17 September 2024 and were signed on its behalf by:


-------------------------------
CRAIG WALKER
Director
2
General Information
Woodcrest Garden Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 06802727, registration address Greenlands Farm Village, Tewitfield, Carnforth, Lancashire, LA6 1JH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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.
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.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 10 Years Straight Line
Plant and Machinery 5 Years Straight Line
Motor Vehicles 25% Reducing Balance
Computer Equipment 5 Years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 4 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £   £
At 01 January 2023 5,481    19,058    2,392    756    27,687 
Additions       425    425 
Disposals        
At 31 December 2023 5,481    19,058    2,392    1,181    28,112 
Depreciation
At 01 January 2023 5,481    12,725    1,325    286    19,817 
Charge for year   2,548    267    251    3,066 
On disposals        
At 31 December 2023 5,481    15,273    1,592    537    22,883 
Net book values
Closing balance as at 31 December 2023   3,785    800    644    5,229 
Opening balance as at 01 January 2023   6,333    1,067    470    7,870 


4.

Stocks

2023
£
  2022
£
Work in Progress 6,323   
Stocks 16,000    16,000 
22,323    16,000 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 23,156    17,159 
Provision for Deferred Tax 3,258    7,199 
Other Debtors 197   
Taxation & Social Security 2,510    2,023 
29,121    26,381 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 11,368    14,018 
Bank Loans & Overdrafts 8,424    8,624 
Barclaycard 553   
Taxation & Social Security 415    28,685 
Other Creditors 52,405    31,278 
73,165    82,605 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 12,242    20,042 
12,242    20,042 

3