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REGISTERED NUMBER: 13952289 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Joe Savage Garden Design Ltd

Joe Savage Garden Design Ltd (Registered number: 13952289)






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


Joe Savage Garden Design Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J Savage
Mrs S Savage





REGISTERED OFFICE: 10 Desborough Road
Eastleigh
Hampshire
SO50 5NX





REGISTERED NUMBER: 13952289 (England and Wales)





ACCOUNTANTS: Don Roper Accountant Limited
Linden Lea
Allington Lane
West End
Southampton
Hampshire
SO30 3HQ

Joe Savage Garden Design Ltd (Registered number: 13952289)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,000 16,000
Tangible assets 5 9,431 13,126
21,431 29,126

CURRENT ASSETS
Stocks 6 22,675 27,848
Debtors 7 755 2,883
Cash at bank 18,109 8,610
41,539 39,341
CREDITORS
Amounts falling due within one year 8 62,505 67,615
NET CURRENT LIABILITIES (20,966 ) (28,274 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

465

852

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 10 455 842
SHAREHOLDERS' FUNDS 465 852

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.

Joe Savage Garden Design Ltd (Registered number: 13952289)

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 7 October 2024 and were signed on its behalf by:





Mr J Savage - Director


Joe Savage Garden Design Ltd (Registered number: 13952289)

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

1. STATUTORY INFORMATION

Joe Savage Garden Design Ltd 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 2022, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Joe Savage Garden Design Ltd (Registered number: 13952289)

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

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023 4,000
Amortisation for year 4,000
At 31 March 2024 8,000
NET BOOK VALUE
At 31 March 2024 12,000
At 31 March 2023 16,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,832 9,819 4,416 16,067
DEPRECIATION
At 1 April 2023 243 2,455 243 2,941
Charge for year 397 1,841 1,457 3,695
At 31 March 2024 640 4,296 1,700 6,636
NET BOOK VALUE
At 31 March 2024 1,192 5,523 2,716 9,431
At 31 March 2023 1,589 7,364 4,173 13,126

Joe Savage Garden Design Ltd (Registered number: 13952289)

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

6. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 22,675 27,848

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments 755 2,883

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,063 6,785
Corporation tax 6,541 7,049
VAT 5,061 4,547
Directors' current accounts 45,640 48,034
Accrued expenses 1,200 1,200
62,505 67,615

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10 Ordinary A £1 10 10

10. RESERVES
Retained
earnings
£   

At 1 April 2023 842
Profit for the year 21,613
Dividends (22,000 )
At 31 March 2024 455

Joe Savage Garden Design Ltd (Registered number: 13952289)

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

11. RELATED PARTY DISCLOSURES

The company was under the control of Mr J and Mrs S Savage throughout the current period. Mr J Savage is the managing director and majority shareholder.

No transactions with related parties were undertaken such as are required to be disclosed under Section 1a (Small Entities) for Financial Reporting Standard 102.