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REGISTERED NUMBER: 06005307 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

OLD RAILWAY LINE GARDEN CENTRE LIMITED

OLD RAILWAY LINE GARDEN CENTRE LIMITED (REGISTERED NUMBER: 06005307)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OLD RAILWAY LINE GARDEN CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: L A Cleary
H B Lewis
Miss S K Cleary
J D Aldworth
Mrs K J Eckley





SECRETARY:





REGISTERED OFFICE: Old Railway Line
Three Cocks
Brecon
Powys
LD3 0SG





REGISTERED NUMBER: 06005307 (England and Wales)





ACCOUNTANTS: The Dewan Partnership
Chartered Certified Accountants
8 Wheat Street
Brecon
Powys
LD3 7DG

OLD RAILWAY LINE GARDEN CENTRE LIMITED (REGISTERED NUMBER: 06005307)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,434,569 1,628,633

CURRENT ASSETS
Stocks 998,250 998,250
Debtors 5 44,324 93,117
Cash at bank and in hand 1,233,174 892,750
2,275,748 1,984,117
CREDITORS
Amounts falling due within one year 6 958,115 1,004,514
NET CURRENT ASSETS 1,317,633 979,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,752,202

2,608,236

CREDITORS
Amounts falling due after more than one
year

7

-

36,261
NET ASSETS 2,752,202 2,571,975

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 2,752,200 2,571,973
SHAREHOLDERS' FUNDS 2,752,202 2,571,975

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

OLD RAILWAY LINE GARDEN CENTRE LIMITED (REGISTERED NUMBER: 06005307)

BALANCE SHEET - continued
31 MARCH 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 20 September 2024 and were signed on its behalf by:





H B Lewis - Director


OLD RAILWAY LINE GARDEN CENTRE LIMITED (REGISTERED NUMBER: 06005307)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Old Railway Line 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.

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

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 54 (2023 - 53 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 1,516,478 947,687 432,201 17,690 2,914,056
Additions 22,366 84,642 16,371 26,490 149,869
Disposals - - - (13,290 ) (13,290 )
At 31 March 2024 1,538,844 1,032,329 448,572 30,890 3,050,635
DEPRECIATION
At 1 April 2023 - 921,435 348,112 15,876 1,285,423
Charge for year - 27,724 25,115 6,522 59,361
Eliminated on disposal - - - 271,282 271,282
At 31 March 2024 - 949,159 373,227 293,680 1,616,066
NET BOOK VALUE
At 31 March 2024 1,538,844 83,170 75,345 (262,790 ) 1,434,569
At 31 March 2023 1,516,478 26,252 84,089 1,814 1,628,633

OLD RAILWAY LINE GARDEN CENTRE LIMITED (REGISTERED NUMBER: 06005307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 19,969 93,117
Other debtors 24,355 -
44,324 93,117

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 39,009 100,504
Trade creditors 642,499 628,774
Taxation and social security 253,607 267,086
Other creditors 23,000 8,150
958,115 1,004,514

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 36,261

8. RESERVES
Retained
earnings
£   

At 1 April 2023 2,571,973
Profit for the year 513,977
Dividends (333,750 )
At 31 March 2024 2,752,200