Company Registration No. 13258363 (England and Wales)
SecretGardenNewquay Ltd
Unaudited accounts
for the year ended 31 March 2024
SecretGardenNewquay Ltd
Unaudited accounts
Contents
SecretGardenNewquay Ltd
Company Information
for the year ended 31 March 2024
Directors
Rachel Ogden
Daniel Rollerson
Joseph Viner
Jamie Wigg
Company Number
13258363 (England and Wales)
Registered Office
21 Cliff Road
Newquay
TR7 2NE
Accountants
Linggard and Thomas
Kew an Lergh
Stret Myghtern Arthur
Nansledan
Cornwall
TR8 4UX
SecretGardenNewquay Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
27,999
31,999
Tangible assets
19,996
21,211
Cash at bank and in hand
11,968
20,617
Creditors: amounts falling due within one year
(57,806)
(54,469)
Net current liabilities
(40,298)
(27,229)
Total assets less current liabilities
7,697
25,981
Provisions for liabilities
Deferred tax
(4,998)
(4,030)
Profit and loss account
2,695
21,947
Shareholders' funds
2,699
21,951
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by
Daniel Rollerson
Director
Company Registration No. 13258363
SecretGardenNewquay Ltd
Notes to the Accounts
for the year ended 31 March 2024
SecretGardenNewquay Ltd is a private company, limited by shares, registered in England and Wales, registration number 13258363. The registered office is 21 Cliff Road, Newquay, TR7 2NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
SecretGardenNewquay Ltd
Notes to the Accounts
for the year ended 31 March 2024
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
1
10,763
18,352
2,327
31,443
Additions
-
2,485
871
-
3,356
At 31 March 2024
1
13,248
19,223
2,327
34,799
At 1 April 2023
-
3,168
6,428
636
10,232
Charge for the year
-
1,708
2,525
338
4,571
At 31 March 2024
-
4,876
8,953
974
14,803
At 31 March 2024
1
8,372
10,270
1,353
19,996
At 31 March 2023
1
7,595
11,924
1,691
21,211
Amounts falling due within one year
Accrued income and prepayments
320
-
SecretGardenNewquay Ltd
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,977
2,434
Taxes and social security
22,508
18,337
Loans from directors
12,754
16,761
8
Average number of employees
During the year the average number of employees was 15 (2023: 10).