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REGISTERED NUMBER: 04488830 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Trefhedyn Garden Centre Limited

Trefhedyn Garden Centre Limited (Registered number: 04488830)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trefhedyn Garden Centre Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R A Spencer





SECRETARY: Mrs E M Spencer





REGISTERED OFFICE: The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN





REGISTERED NUMBER: 04488830 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

Trefhedyn Garden Centre Limited (Registered number: 04488830)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 98,000 98,000
Tangible assets 5 192,173 203,954
290,173 301,954

CURRENT ASSETS
Stocks 107,500 109,775
Debtors 6 6,318 30,100
Cash at bank and in hand 408,762 313,411
522,580 453,286
CREDITORS
Amounts falling due within one year 7 177,430 176,939
NET CURRENT ASSETS 345,150 276,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,323

578,301

CREDITORS
Amounts falling due after more than one
year

8

21,701

30,023
NET ASSETS 613,622 548,278

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 613,619 548,275
SHAREHOLDERS' FUNDS 613,622 548,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Trefhedyn Garden Centre Limited (Registered number: 04488830)

Balance Sheet - continued
31 December 2023


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 26 September 2024 and were signed by:





R A Spencer - Director


Trefhedyn Garden Centre Limited (Registered number: 04488830)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Trefhedyn 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.

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.
Freehold property - 2% on cost
Plant and machinery - 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.

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.

Goodwill
The Company acquired goodwill of £98,000 in 2002. The goodwill is not being amortised, as the Director believes that the carrying value of the goodwill equals its residual value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 98,000
NET BOOK VALUE
At 31 December 2023 98,000
At 31 December 2022 98,000

Trefhedyn Garden Centre Limited (Registered number: 04488830)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 260,000 23,291 193,811
Additions - - -
Disposals - - -
At 31 December 2023 260,000 23,291 193,811
DEPRECIATION
At 1 January 2023 130,000 - 167,103
Charge for year 6,500 - 5,342
Eliminated on disposal - - -
At 31 December 2023 136,500 - 172,445
NET BOOK VALUE
At 31 December 2023 123,500 23,291 21,366
At 31 December 2022 130,000 23,291 26,708

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 40,649 4,811 522,562
Additions 23,995 797 24,792
Disposals (26,349 ) - (26,349 )
At 31 December 2023 38,295 5,608 521,005
DEPRECIATION
At 1 January 2023 16,719 4,786 318,608
Charge for year 5,320 88 17,250
Eliminated on disposal (7,026 ) - (7,026 )
At 31 December 2023 15,013 4,874 328,832
NET BOOK VALUE
At 31 December 2023 23,282 734 192,173
At 31 December 2022 23,930 25 203,954

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 6,318 7,994
Other debtors - 22,106
6,318 30,100

Trefhedyn Garden Centre Limited (Registered number: 04488830)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,156 9,989
Trade creditors 107,457 128,236
Taxation and social security 58,996 38,714
Other creditors 1,821 -
177,430 176,939

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 21,701 30,023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
R A Spencer
Balance outstanding at start of year 22,107 51,899
Amounts advanced 59,199 78,325
Amounts repaid (83,126 ) (108,117 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,820 ) 22,107

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R A Spencer.