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REGISTERED NUMBER: 07706117 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

TIME TO GARDEN LTD

TIME TO GARDEN LTD (REGISTERED NUMBER: 07706117)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


TIME TO GARDEN LTD (REGISTERED NUMBER: 07706117)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,265 10,618

CURRENT ASSETS
Debtors 5 8,882 12,911
Cash at bank 6,725 623
15,607 13,534
CREDITORS
Amounts falling due within one year 6 25,995 27,651
NET CURRENT LIABILITIES (10,388 ) (14,117 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,877

(3,499

)

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 27,683 -
Retained earnings (5,906 ) (3,599 )
21,877 (3,499 )

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 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.

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 27 November 2024 and were signed by:





Mr I Fletcher - Director


TIME TO GARDEN LTD (REGISTERED NUMBER: 07706117)

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

1. STATUTORY INFORMATION

Time To Garden Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07706117

Registered office: 2 Warton Lane
Grendon
Atherstone
CV9 3DT

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

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 - 20% on cost
Motor vehicles - 25% on cost

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.

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.

TIME TO GARDEN LTD (REGISTERED NUMBER: 07706117)

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

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 19,205 32,427 51,632
Additions 2,653 - 2,653
Revaluations 12,683 15,000 27,683
At 31 March 2024 34,541 47,427 81,968
DEPRECIATION
At 1 April 2023 14,928 26,086 41,014
Charge for year 2,348 6,341 8,689
At 31 March 2024 17,276 32,427 49,703
NET BOOK VALUE
At 31 March 2024 17,265 15,000 32,265
At 31 March 2023 4,277 6,341 10,618

Cost or valuation at 31 March 2024 is represented by:

Plant and Motor
machinery vehicles Totals
£    £    £   
Valuation in 2024 12,683 15,000 27,683
Cost 21,858 32,427 54,285
34,541 47,427 81,968

If tangible assets had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 51,629 -
Aggregate depreciation 49,701 -

Tangible assets were valued on market value basis on 20 November 2024 by the director .

TIME TO GARDEN LTD (REGISTERED NUMBER: 07706117)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,185 8,576
Other debtors 1,697 4,335
8,882 12,911

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 12,076 17,458
Trade creditors 3,468 1,423
Taxation and social security 8,910 7,546
Other creditors 1,541 1,224
25,995 27,651

7. RESERVES
Fair
value
reserve
£   
Revaluation 27,683

At 31 March 2024 27,683