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REGISTERED NUMBER: 02716978 (England and Wales)












Financial Statements

for the Year Ended 31 March 2024

for

HAMPSHIRE GARDENCRAFT LIMITED

HAMPSHIRE GARDENCRAFT LIMITED (REGISTERED NUMBER: 02716978)






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


HAMPSHIRE GARDENCRAFT LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P V Gadsden
L J Toth





SECRETARY: P V Gadsden





REGISTERED OFFICE: Rake Industries
Rake
Petersfield
Hampshire
GU31 5DR





REGISTERED NUMBER: 02716978 (England and Wales)





ACCOUNTANTS: Hunter Simmons Ltd
EMP Building
Unit 1, 4 Solent Road
Havant
Portsmouth
Hampshire
PO9 1JH

HAMPSHIRE GARDENCRAFT LIMITED (REGISTERED NUMBER: 02716978)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,563 28,718
21,563 28,718

CURRENT ASSETS
Stocks 42,910 27,572
Debtors 6 74,306 56,540
Cash at bank and in hand 558 54,144
117,774 138,256
CREDITORS
Amounts falling due within one year 7 65,246 80,183
NET CURRENT ASSETS 52,528 58,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,091

86,791

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 73,091 85,791
SHAREHOLDERS' FUNDS 74,091 86,791

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.

HAMPSHIRE GARDENCRAFT LIMITED (REGISTERED NUMBER: 02716978)

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 11 October 2024 and were signed on its behalf by:





L J Toth - Director


HAMPSHIRE GARDENCRAFT LIMITED (REGISTERED NUMBER: 02716978)

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

1. STATUTORY INFORMATION

Hampshire Gardencraft 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 etc - 25% 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.

HAMPSHIRE GARDENCRAFT LIMITED (REGISTERED NUMBER: 02716978)

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 11 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 12,500 569 13,069
AMORTISATION
At 1 April 2023
and 31 March 2024 12,500 569 13,069
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 52,552 666,842 719,394
Additions - 250 250
At 31 March 2024 52,552 667,092 719,644
DEPRECIATION
At 1 April 2023 52,552 638,124 690,676
Charge for year - 7,405 7,405
At 31 March 2024 52,552 645,529 698,081
NET BOOK VALUE
At 31 March 2024 - 21,563 21,563
At 31 March 2023 - 28,718 28,718

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,063 52,219
Other debtors 5,243 4,321
74,306 56,540

HAMPSHIRE GARDENCRAFT LIMITED (REGISTERED NUMBER: 02716978)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 2,868
Trade creditors 29,361 23,912
Taxation and social security 13,325 11,464
Other creditors 22,560 41,939
65,246 80,183