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REGISTERED NUMBER: 06524774 (England and Wales)










Redcliffe Gardeners Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Redcliffe Gardeners Ltd (Registered number: 06524774)






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


Redcliffe Gardeners Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P W Redcliffe
R J Redcliffe





REGISTERED OFFICE: Redcliffe
Bashley Road
New Milton
BH25 5RY





REGISTERED NUMBER: 06524774 (England and Wales)

Redcliffe Gardeners Ltd (Registered number: 06524774)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 68,750 82,500
Tangible assets 6 171,434 160,962
240,184 243,462

CURRENT ASSETS
Stocks 7 1,200 709
Debtors 8 22,232 58,248
Cash at bank 93,627 196,977
117,059 255,934
CREDITORS
Amounts falling due within one year 9 (166,085 ) (184,189 )
NET CURRENT (LIABILITIES)/ASSETS (49,026 ) 71,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,158

315,207

CREDITORS
Amounts falling due after more than one year 10 (85,716 ) (88,053 )

PROVISIONS FOR LIABILITIES (40,659 ) (40,241 )
NET ASSETS 64,783 186,913

CAPITAL AND RESERVES
Called up share capital 12 60 60
Retained earnings 64,723 186,853
SHAREHOLDERS' FUNDS 64,783 186,913

Redcliffe Gardeners Ltd (Registered number: 06524774)

Balance Sheet - continued
31 March 2024


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.

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 11 November 2024 and were signed on its behalf by:





R J Redcliffe - Director


Redcliffe Gardeners Ltd (Registered number: 06524774)

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

1. STATUTORY INFORMATION

Redcliffe Gardeners 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

3. ACCOUNTING POLICIES

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentational currency is pound sterling.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

GOING CONCERN
The financial statements have been prepared on a going concern basis.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognizes revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

GOODWILL
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset classAmortisation method and rate
Goodwill Straight line over 20 years

Redcliffe Gardeners Ltd (Registered number: 06524774)

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

3. ACCOUNTING POLICIES - continued

TANGIBLE ASSETS
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and
installation.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class Depreciation method and rate
Leasehold improvements 20% straight line basis
Plant and machinery 25% reducing balance basis
Fixtures and fittings 25% reducing balance basis
Motor vehicles 25% reducing balance basis
Office equipment 25% reducing balance basis

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Redcliffe Gardeners Ltd (Registered number: 06524774)

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

3. ACCOUNTING POLICIES - continued

LEASING
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

DEFINED CONTRIBUTION PENSION OBLIGATION
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary
course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade
debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost
using the effective interest method.

BORROWINGS
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing
borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of
transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Redcliffe Gardeners Ltd (Registered number: 06524774)

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

3. ACCOUNTING POLICIES - continued

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 275,000
AMORTISATION
At 1 April 2023 192,500
Amortisation for year 13,750
At 31 March 2024 206,250
NET BOOK VALUE
At 31 March 2024 68,750
At 31 March 2023 82,500

Redcliffe Gardeners Ltd (Registered number: 06524774)

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

6. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 April 2023 49,674 114,268 5,168
Additions - - -
Disposals - - -
At 31 March 2024 49,674 114,268 5,168
DEPRECIATION
At 1 April 2023 49,674 107,477 3,405
Charge for year - 5,717 174
Eliminated on disposal - - -
At 31 March 2024 49,674 113,194 3,579
NET BOOK VALUE
At 31 March 2024 - 1,074 1,589
At 31 March 2023 - 6,791 1,763

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 281,241 20,033 470,384
Additions 102,475 105 102,580
Disposals (52,594 ) - (52,594 )
At 31 March 2024 331,122 20,138 520,370
DEPRECIATION
At 1 April 2023 130,314 18,552 309,422
Charge for year 37,326 649 43,866
Eliminated on disposal (4,352 ) - (4,352 )
At 31 March 2024 163,288 19,201 348,936
NET BOOK VALUE
At 31 March 2024 167,834 937 171,434
At 31 March 2023 150,927 1,481 160,962

7. STOCKS
2024 2023
£    £   
Raw materials and consumables 1,200 709

Redcliffe Gardeners Ltd (Registered number: 06524774)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (60,108 ) (38,772 )
Deposit paid for Vehicle pur. 2,083 6,250
Other debtors 80,257 90,770
22,232 58,248

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 11) 11,019 10,013
Trade creditors 99,143 100,783
Corporation tax liability 5,478 17,404
Social security and other taxes 45,921 49,180
Directors' current accounts 984 3,537
Accruals and deferred income 3,540 3,272
166,085 184,189

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 11) 85,716 88,053

11. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 11,019 10,013

Amounts falling due between one and two years:
Bank loans - 1-2 years 85,716 88,053

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary shares 1 60 60

Redcliffe Gardeners Ltd (Registered number: 06524774)

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

13. RELATED PARTY TRANSACTIONS

At the balance sheet date the balance owed to Redcliffe Gardeners Ltd from the connected parties was £28,112 (2023: £28,112).