IRIS Accounts Production v24.3.0.553 02545860 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025458602023-01-31025458602024-01-31025458602023-02-012024-01-31025458602022-01-31025458602022-02-012023-01-31025458602023-01-3102545860ns15:EnglandWales2023-02-012024-01-3102545860ns14:PoundSterling2023-02-012024-01-3102545860ns10:Director12023-02-012024-01-3102545860ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3102545860ns10:SmallEntities2023-02-012024-01-3102545860ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3102545860ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3102545860ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3102545860ns10:FullAccounts2023-02-012024-01-3102545860ns10:Director22023-02-012024-01-3102545860ns10:RegisteredOffice2023-02-012024-01-3102545860ns5:CurrentFinancialInstruments2024-01-3102545860ns5:CurrentFinancialInstruments2023-01-3102545860ns5:Non-currentFinancialInstruments2024-01-3102545860ns5:Non-currentFinancialInstruments2023-01-3102545860ns5:ShareCapital2024-01-3102545860ns5:ShareCapital2023-01-3102545860ns5:RetainedEarningsAccumulatedLosses2024-01-3102545860ns5:RetainedEarningsAccumulatedLosses2023-01-3102545860ns5:LongLeaseholdAssetsns5:LandBuildings2023-02-012024-01-3102545860ns5:PlantMachinery2023-02-012024-01-3102545860ns5:FurnitureFittings2023-02-012024-01-3102545860ns5:MotorVehicles2023-02-012024-01-3102545860ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-3102545860ns5:PlantMachinery2023-01-3102545860ns5:FurnitureFittings2023-01-3102545860ns5:MotorVehicles2023-01-3102545860ns5:LongLeaseholdAssetsns5:LandBuildings2024-01-3102545860ns5:PlantMachinery2024-01-3102545860ns5:FurnitureFittings2024-01-3102545860ns5:MotorVehicles2024-01-3102545860ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-3102545860ns5:PlantMachinery2023-01-3102545860ns5:FurnitureFittings2023-01-3102545860ns5:MotorVehicles2023-01-3102545860ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3102545860ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3102545860ns5:Secured2024-01-3102545860ns5:Secured2023-01-31
REGISTERED NUMBER: 02545860 (England and Wales)












HAMPSHIRE GARDEN MACHINERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






HAMPSHIRE GARDEN MACHINERY LIMITED (REGISTERED NUMBER: 02545860)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAMPSHIRE GARDEN MACHINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M N Offer
Mrs V K Offer



REGISTERED OFFICE: Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR



REGISTERED NUMBER: 02545860 (England and Wales)



BANKERS: National Westminster Bank plc
Southampton Customer Service Centre
Brunswick Gate
23 Brunswick Place
Southampton
Hampshire
SO15 2AQ

HAMPSHIRE GARDEN MACHINERY LIMITED (REGISTERED NUMBER: 02545860)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 15,973 21,102

CURRENT ASSETS
Stocks 384,912 372,875
Debtors 5 24,553 16,820
Cash in hand - 868
409,465 390,563
CREDITORS
Amounts falling due within one year 6 (252,757 ) (263,423 )
NET CURRENT ASSETS 156,708 127,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,681

148,242

CREDITORS
Amounts falling due after more than one
year

7

(12,744

)

(22,093

)

PROVISIONS FOR LIABILITIES (3,994 ) (5,276 )
NET ASSETS 155,943 120,873

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 55,943 20,873
SHAREHOLDERS' FUNDS 155,943 120,873

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 GARDEN MACHINERY LIMITED (REGISTERED NUMBER: 02545860)

BALANCE SHEET - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





M N Offer - Director


HAMPSHIRE GARDEN MACHINERY LIMITED (REGISTERED NUMBER: 02545860)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Hampshire Garden Machinery 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 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due and the sale of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically dispatched to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - 25% Reducing balance
Plant and machinery - 25% Reducing balance
Fixtures and fittings - 15% Reducing balance
Motor vehicles - 25% Reducing balance

The profit or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

HAMPSHIRE GARDEN MACHINERY LIMITED (REGISTERED NUMBER: 02545860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 February 2023
and 31 January 2024 3,590 23,238 4,451 17,975 49,254
DEPRECIATION
At 1 February 2023 3,588 10,967 2,976 10,621 28,152
Charge for year 2 3,068 221 1,838 5,129
At 31 January 2024 3,590 14,035 3,197 12,459 33,281
NET BOOK VALUE
At 31 January 2024 - 9,203 1,254 5,516 15,973
At 31 January 2023 2 12,271 1,475 7,354 21,102

HAMPSHIRE GARDEN MACHINERY LIMITED (REGISTERED NUMBER: 02545860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 24,553 15,010
Other debtors - 1,810
24,553 16,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 37,533 23,853
Trade creditors 10,846 89,019
Taxation and social security 25,244 2,716
Other creditors 179,134 147,835
252,757 263,423

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 12,744 22,093

8. LEASING AGREEMENTS
At the balance sheet date, the company had future commitments under operating leases totalling £9,000 (2023: £27,000).

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdrafts 28,184 14,734

The above debt is secured by a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.