Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Sally Jane ffitch 03/03/2022 Simon Kenneth ffitch 03/03/2022 17 October 2024 The principal activity of the Company during the period was that of landscape gardening services 13952764 2024-03-31 13952764 bus:Director1 2024-03-31 13952764 bus:Director2 2024-03-31 13952764 2023-03-31 13952764 core:CurrentFinancialInstruments 2024-03-31 13952764 core:CurrentFinancialInstruments 2023-03-31 13952764 core:ShareCapital 2024-03-31 13952764 core:ShareCapital 2023-03-31 13952764 core:RetainedEarningsAccumulatedLosses 2024-03-31 13952764 core:RetainedEarningsAccumulatedLosses 2023-03-31 13952764 core:PlantMachinery 2023-03-31 13952764 core:ComputerEquipment 2023-03-31 13952764 core:PlantMachinery 2024-03-31 13952764 core:ComputerEquipment 2024-03-31 13952764 bus:OrdinaryShareClass1 2024-03-31 13952764 2023-04-01 2024-03-31 13952764 bus:FilletedAccounts 2023-04-01 2024-03-31 13952764 bus:SmallEntities 2023-04-01 2024-03-31 13952764 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13952764 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13952764 bus:Director1 2023-04-01 2024-03-31 13952764 bus:Director2 2023-04-01 2024-03-31 13952764 core:PlantMachinery core:TopRangeValue 2023-04-01 2024-03-31 13952764 core:ComputerEquipment core:TopRangeValue 2023-04-01 2024-03-31 13952764 2022-03-03 2023-03-31 13952764 core:PlantMachinery 2023-04-01 2024-03-31 13952764 core:ComputerEquipment 2023-04-01 2024-03-31 13952764 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13952764 bus:OrdinaryShareClass1 2022-03-03 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13952764 (England and Wales)

SALLY FFITCH GARDEN DESIGN LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

SALLY FFITCH GARDEN DESIGN LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

SALLY FFITCH GARDEN DESIGN LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
SALLY FFITCH GARDEN DESIGN LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 31.03.2024 31.03.2023
£ £
Fixed assets
Tangible assets 3 1,015 1,521
1,015 1,521
Current assets
Debtors 4 168 0
Cash at bank and in hand 13,403 17,788
13,571 17,788
Creditors: amounts falling due within one year 5 ( 27,552) ( 27,989)
Net current liabilities (13,981) (10,201)
Total assets less current liabilities (12,966) (8,680)
Net liabilities ( 12,966) ( 8,680)
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account ( 12,968 ) ( 8,682 )
Total shareholders' deficit ( 12,966) ( 8,680)

For the financial 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.

Directors' responsibilities:

The financial statements of Sally ffitch Garden Design Limited (registered number: 13952764) were approved and authorised for issue by the Board of Directors on 17 October 2024. They were signed on its behalf by:

Sally Jane ffitch
Director
SALLY FFITCH GARDEN DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
SALLY FFITCH GARDEN DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Sally ffitch Garden Design Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor Stratus House Emperor Way, Exeter Business Park, Exeter, EX1 3QS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Year ended
31.03.2024
Period from
03.03.2022 to
31.03.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Computer equipment Total
£ £ £
Cost
At 01 April 2023 1,733 289 2,022
At 31 March 2024 1,733 289 2,022
Accumulated depreciation
At 01 April 2023 433 68 501
Charge for the financial year 434 72 506
At 31 March 2024 867 140 1,007
Net book value
At 31 March 2024 866 149 1,015
At 31 March 2023 1,300 221 1,521

4. Debtors

31.03.2024 31.03.2023
£ £
Other debtors 168 0

5. Creditors: amounts falling due within one year

31.03.2024 31.03.2023
£ £
Trade creditors 228 0
Amounts owed to directors 25,179 24,326
Accruals 2,145 1,950
Other taxation and social security 0 1,713
27,552 27,989

6. Called-up share capital

31.03.2024 31.03.2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

7. Related party transactions

Transactions with the entity's directors

31.03.2024 31.03.2023
£ £
Amounts owed to directors 25,179 24,326

Interest has not been charged on the above amount and there is no fixed date for repayment.