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Company Registration No. 13258363 (England and Wales)
SecretGardenNewquay Ltd Unaudited accounts for the year ended 31 March 2024
SecretGardenNewquay Ltd Unaudited accounts Contents
Page
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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
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SecretGardenNewquay Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
27,999 
31,999 
Tangible assets
19,996 
21,211 
47,995 
53,210 
Current assets
Inventories
2,650 
4,000 
Debtors
2,890 
2,623 
Cash at bank and in hand
11,968 
20,617 
17,508 
27,240 
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)
Net assets
2,699 
21,951 
Capital and reserves
Share premium
4 
4 
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
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SecretGardenNewquay Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
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.
Pension costs
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.
Financial instruments
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
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SecretGardenNewquay Ltd Notes to the Accounts for the year ended 31 March 2024
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
39,999 
At 31 March 2024
39,999 
Amortisation
At 1 April 2023
8,000 
Charge for the year
4,000 
At 31 March 2024
12,000 
Net book value
At 31 March 2024
27,999 
At 31 March 2023
31,999 
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
320 
- 
Other debtors
2,570 
2,623 
2,890 
2,623 
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SecretGardenNewquay Ltd Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
16,983 
14,988 
Trade creditors
3,977 
2,434 
Taxes and social security
22,508 
18,337 
Other creditors
684 
1,099 
Loans from directors
12,754 
16,761 
Accruals
900 
850 
57,806 
54,469 
8
Average number of employees
During the year the average number of employees was 15 (2023: 10).
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