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REGISTERED NUMBER: 03682869 (England and Wales)















Leigh Park Garden Machinery Ltd

Financial Statements for the Year Ended 31st January 2024






Leigh Park Garden Machinery Ltd (Registered number: 03682869)

Contents of the Financial Statements
for the Year Ended 31st January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leigh Park Garden Machinery Ltd

Company Information
for the Year Ended 31st January 2024







DIRECTOR: D Tucker





REGISTERED OFFICE: Dunkirk Business Park
Southwick
Trowbridge
Wiltshire
BA14 9NJ





REGISTERED NUMBER: 03682869 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
7 East Pallant
Chichester
West Sussex
PO19 1TR

Leigh Park Garden Machinery Ltd (Registered number: 03682869)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 13,738
Tangible assets 5 164,404 169,799
165,404 183,537

CURRENT ASSETS
Stocks 203,580 183,749
Debtors 6 28,693 32,155
Cash in hand 2,500 790
234,773 216,694
CREDITORS
Amounts falling due within one year 7 229,416 207,843
NET CURRENT ASSETS 5,357 8,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,761

192,388

CREDITORS
Amounts falling due after more than one
year

8

27,287

54,115
NET ASSETS 143,474 138,273

CAPITAL AND RESERVES
Called up share capital 10 200 200
Share premium 11 28,122 28,122
Retained earnings 11 115,152 109,951
SHAREHOLDERS' FUNDS 143,474 138,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

Leigh Park Garden Machinery Ltd (Registered number: 03682869)

Balance Sheet - continued
31st January 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 director and authorised for issue on 16th August 2024 and were signed by:





D Tucker - Director


Leigh Park Garden Machinery Ltd (Registered number: 03682869)

Notes to the Financial Statements
for the Year Ended 31st January 2024


1. STATUTORY INFORMATION

Leigh Park Garden Machinery 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 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.

Relocation expenses 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.
Freehold property - 2% on cost

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.

Leigh Park Garden Machinery Ltd (Registered number: 03682869)

Notes to the Financial Statements - continued
for the Year Ended 31st January 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Relocation
Goodwill expenses Totals
£    £    £   
COST
At 1st February 2023 1,000 12,738 13,738
Disposals - (12,738 ) (12,738 )
At 31st January 2024 1,000 - 1,000
NET BOOK VALUE
At 31st January 2024 1,000 - 1,000
At 31st January 2023 1,000 12,738 13,738

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st February 2023 141,102 63,299 46,015 250,416
Additions - 4,679 - 4,679
At 31st January 2024 141,102 67,978 46,015 255,095
DEPRECIATION
At 1st February 2023 - 59,589 21,028 80,617
Charge for year - 3,828 6,246 10,074
At 31st January 2024 - 63,417 27,274 90,691
NET BOOK VALUE
At 31st January 2024 141,102 4,561 18,741 164,404
At 31st January 2023 141,102 3,710 24,987 169,799

Leigh Park Garden Machinery Ltd (Registered number: 03682869)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,209 27,455
Other debtors 6,484 4,700
28,693 32,155

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 89,081 80,831
Hire purchase contracts 4,597 4,597
Trade creditors 107,425 79,502
Tax 1,382 4,868
Social security and other taxes 6,133 4,964
VAT 9,658 9,420
Other creditors 1,000 861
Directors' current accounts 8,040 21,000
Accruals and deferred income 2,100 1,800
229,416 207,843

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 22,847 45,078
Hire purchase contracts 4,440 9,037
27,287 54,115

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,847 45,078

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 68,490 61,880
Bank loans 20,591 18,951
89,081 80,831

Amounts falling due in more than five years:

Leigh Park Garden Machinery Ltd (Registered number: 03682869)

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


9. LOANS - continued
2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 22,847 45,078

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 ordinary 1 200 200

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st February 2023 109,951 28,122 138,073
Profit for the year 5,201 5,201
At 31st January 2024 115,152 28,122 143,274