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REGISTERED NUMBER: 07456632 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Holton Road Garden Centre Limited

Holton Road Garden Centre Limited (Registered number: 07456632)






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


Holton Road Garden Centre Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: N J Kerridge
Mrs N S Kerridge





REGISTERED OFFICE: 36 Holton Road
Halesworth
Suffolk
IP19 8HG





REGISTERED NUMBER: 07456632 (England and Wales)





ACCOUNTANTS: Mark Carter Accountancy Services Ltd
65 Kennedy Avenue
Halesworth
Suffolk
IP19 8EQ

Holton Road Garden Centre Limited (Registered number: 07456632)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,000 27,000
Tangible assets 5 62,196 71,396
83,196 98,396

CURRENT ASSETS
Stocks 277,130 238,312
Debtors 6 146,497 94,688
Cash at bank and in hand 61,540 110,653
485,167 443,653
CREDITORS
Amounts falling due within one year 7 124,839 111,026
NET CURRENT ASSETS 360,328 332,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,524

431,023

PROVISIONS FOR LIABILITIES 9,595 8,537
NET ASSETS 433,929 422,486

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 433,729 422,286
SHAREHOLDERS' FUNDS 433,929 422,486

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 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.

Holton Road Garden Centre Limited (Registered number: 07456632)

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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Mrs N S Kerridge - Director


Holton Road Garden Centre Limited (Registered number: 07456632)

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

1. STATUTORY INFORMATION

Holton Road Garden Centre 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period and also have been consistently applied within the same accounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Equipment - 15% on reducing balance
Motor vehicles - 25% 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.

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.


Holton Road Garden Centre Limited (Registered number: 07456632)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Turnover
The company's turnover represents the value, excluding value added tax, of goods supplied to customers during the year. All sales took place in the UK.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 90,000
AMORTISATION
At 1 March 2023 63,000
Charge for year 6,000
At 29 February 2024 69,000
NET BOOK VALUE
At 29 February 2024 21,000
At 28 February 2023 27,000

Holton Road Garden Centre Limited (Registered number: 07456632)

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

5. TANGIBLE FIXED ASSETS
Improvements
to Motor
property Equipment vehicles Totals
£    £    £    £   
COST
At 1 March 2023 66,671 107,179 10,814 184,664
Additions - 1,022 - 1,022
At 29 February 2024 66,671 108,201 10,814 185,686
DEPRECIATION
At 1 March 2023 40,207 69,078 3,983 113,268
Charge for year 2,646 5,868 1,708 10,222
At 29 February 2024 42,853 74,946 5,691 123,490
NET BOOK VALUE
At 29 February 2024 23,818 33,255 5,123 62,196
At 28 February 2023 26,464 38,101 6,831 71,396

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 146,497 94,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 84,116 85,501
Taxation and social security 37,518 23,534
Other creditors 3,205 1,991
124,839 111,026

Holton Road Garden Centre Limited (Registered number: 07456632)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 29 February 2024:

N J Kerridge

Balance due from director at start of the year 17,435
Amounts advanced 895
Balance due from director at end of the year 18,330


Mrs N S Kerridge

Balance due from director at start of the year 17,435
Amounts advanced 895
Balance due from director at end of the year 18,330

The loans outstanding at 29 February 2024 are included in other debtors.

The loans are unsecured and repayable on demand.

Beneficial loan interest of £ 767 was charged by the company to the directors at HM Revenue and Customs' official rate of interest on overdrawn balances.