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REGISTERED NUMBER: 09507508 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Garden Buildings Cornwall Limited

Garden Buildings Cornwall Limited (Registered number: 09507508)






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


Garden Buildings Cornwall Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: K G Briley





REGISTERED OFFICE: Melingey Cottage
Penwartha
Perranporth
Cornwall
TR6 0AY





REGISTERED NUMBER: 09507508 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

Garden Buildings Cornwall Limited (Registered number: 09507508)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 416,697 286,400

CURRENT ASSETS
Stocks 208,000 208,000
Debtors 5 119,064 142,312
Cash at bank 37,018 28,849
364,082 379,161
CREDITORS
Amounts falling due within one year 6 321,482 252,473
NET CURRENT ASSETS 42,600 126,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,297

413,088

CREDITORS
Amounts falling due after more than one
year

7

(207,230

)

(155,483

)

PROVISIONS FOR LIABILITIES (57,832 ) (40,871 )
NET ASSETS 194,235 216,734

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 194,135 216,634
SHAREHOLDERS' FUNDS 194,235 216,734

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 director acknowledges his 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.

Garden Buildings Cornwall Limited (Registered number: 09507508)

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 director and authorised for issue on 18 September 2024 and were signed by:





K G Briley - Director


Garden Buildings Cornwall Limited (Registered number: 09507508)

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

1. STATUTORY INFORMATION

Garden Buildings Cornwall 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 4% on cost and Straight line over the life of the lease
Plant and machinery etc - 20% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Garden Buildings Cornwall Limited (Registered number: 09507508)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 75,928 353,164 429,092
Additions 44,104 187,928 232,032
Disposals - (58,953 ) (58,953 )
At 31 March 2024 120,032 482,139 602,171
DEPRECIATION
At 1 April 2023 4,638 138,054 142,692
Charge for year 3,076 76,095 79,171
Eliminated on disposal - (36,389 ) (36,389 )
At 31 March 2024 7,714 177,760 185,474
NET BOOK VALUE
At 31 March 2024 112,318 304,379 416,697
At 31 March 2023 71,290 215,110 286,400

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 277,875
Additions 174,763
Disposals (58,953 )
Transfer to ownership (4,869 )
At 31 March 2024 388,816
DEPRECIATION
At 1 April 2023 97,216
Charge for year 67,215
Eliminated on disposal (36,389 )
Transfer to ownership (1,753 )
At 31 March 2024 126,289
NET BOOK VALUE
At 31 March 2024 262,527
At 31 March 2023 180,659

Garden Buildings Cornwall Limited (Registered number: 09507508)

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 5,169 4,391
Other debtors 113,895 137,921
119,064 142,312

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 81,810 53,945
Trade creditors 104,965 53,612
Taxation and social security 31,231 70,557
Other creditors 103,476 74,359
321,482 252,473

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 179,069 121,546
Other creditors 28,161 33,937
207,230 155,483

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,112 8,070

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 260,879 175,491