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REGISTERED NUMBER: 07943733 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Garden Store Direct Limited

Garden Store Direct Limited (Registered number: 07943733)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Garden Store Direct Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: P Dawson





REGISTERED OFFICE: Layton House
3/5 Westcliffe Drive
Layton
Blackpool
Lancashire
FY3 7BJ





REGISTERED NUMBER: 07943733 (England and Wales)





ACCOUNTANTS: Mills & Burns Limited
T/A NPM Accounting Services
Layton House
3-5 Westcliffe Drive
Layton
Blackpool
Lancashire
FY3 7BJ

Garden Store Direct Limited (Registered number: 07943733)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,092 104,625

CURRENT ASSETS
Stocks 3,004,640 4,060,899
Debtors 5 258,363 435,791
Cash at bank 60,544 222,538
3,323,547 4,719,228
CREDITORS
Amounts falling due within one year 6 1,871,422 2,461,629
NET CURRENT ASSETS 1,452,125 2,257,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,543,217

2,362,224

CREDITORS
Amounts falling due after more than one
year

7

24,586

56
NET ASSETS 1,518,631 2,362,168

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,518,628 2,362,165
SHAREHOLDERS' FUNDS 1,518,631 2,362,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Garden Store Direct Limited (Registered number: 07943733)

Balance Sheet - continued
29 February 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 29 November 2024 and were signed by:





P Dawson - Director


Garden Store Direct Limited (Registered number: 07943733)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Garden Store Direct 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 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.

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 - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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

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 20 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 21,738 82,007 36,480 20,174 160,399
Additions - - - 1,809 1,809
At 29 February 2024 21,738 82,007 36,480 21,983 162,208
DEPRECIATION
At 1 March 2023 11,095 16,845 14,390 13,444 55,774
Charge for year 1,596 6,516 5,522 1,708 15,342
At 29 February 2024 12,691 23,361 19,912 15,152 71,116
NET BOOK VALUE
At 29 February 2024 9,047 58,646 16,568 6,831 91,092
At 28 February 2023 10,643 65,162 22,090 6,730 104,625

Garden Store Direct Limited (Registered number: 07943733)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 71,167 152,869
Other debtors 187,196 282,922
258,363 435,791

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 181 197,564
Trade creditors 410,746 804,203
Taxation and social security 1,288,986 785,433
Other creditors 171,509 674,429
1,871,422 2,461,629

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 24,586 56