Company Registration No. 09285632 (England and Wales)
A Place In The Garden Limited
Unaudited accounts
for the year ended 30 March 2024
A Place In The Garden Limited
Unaudited accounts
Contents
A Place In The Garden Limited
Company Information
for the year ended 30 March 2024
Directors
Richard Jonathan Clifford
Samuel Laurence Clifford
Jane Clifford
Company Number
09285632 (England and Wales)
Registered Office
Averys Bolney Road
Cowfold
Horsham
West Sussex
RH13 8AZ
A Place In The Garden Limited
Statement of financial position
as at 30 March 2024
Tangible assets
39,216
49,285
Investments
118,606
20,381
Inventories
184,048
136,389
Cash at bank and in hand
55,550
32,356
Creditors: amounts falling due within one year
(130,596)
(64,165)
Net current assets
213,351
184,416
Total assets less current liabilities
371,173
254,082
Creditors: amounts falling due after more than one year
(12,460)
(22,651)
Provisions for liabilities
Deferred tax
(30,151)
(8,956)
Net assets
328,562
222,475
Called up share capital
10
10
Profit and loss account
328,552
222,465
Shareholders' funds
328,562
222,475
For the year ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by
Samuel Laurence Clifford
Director
Company Registration No. 09285632
A Place In The Garden Limited
Notes to the Accounts
for the year ended 30 March 2024
A Place In The Garden Limited is a private company, limited by shares, registered in England and Wales, registration number 09285632. The registered office is Averys Bolney Road, Cowfold, Horsham, West Sussex, RH13 8AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% on Reducing value
Motor vehicles
20% on Reducing value
Fixtures & fittings
25% on Reducing value
Computer equipment
25% on Reducing value
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
A Place In The Garden Limited
Notes to the Accounts
for the year ended 30 March 2024
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in shares are included at fair value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 31 March 2023
9,242
53,028
2,606
7,910
72,786
At 30 March 2024
9,242
53,028
2,606
7,910
72,786
At 31 March 2023
3,930
13,757
2,345
3,469
23,501
Charge for the year
1,238
7,855
65
911
10,069
At 30 March 2024
5,168
21,612
2,410
4,380
33,570
At 30 March 2024
4,074
31,416
196
3,530
39,216
At 30 March 2023
5,312
39,271
261
4,441
49,285
5
Investments
Other investments
Valuation at 31 March 2023
20,381
Fair value adjustments
79,668
Valuation at 30 March 2024
118,606
Amounts falling due within one year
Trade debtors
104,349
76,862
A Place In The Garden Limited
Notes to the Accounts
for the year ended 30 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,948
9,704
Trade creditors
10,436
5,629
Taxes and social security
32,372
7,516
Loans from directors
6,217
304
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 6 (2023: 5).