IRIS Accounts Production v24.3.2.46 12606483 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh126064832023-05-31126064832024-05-31126064832023-06-012024-05-31126064832022-05-31126064832022-06-012023-05-31126064832023-05-3112606483ns15:EnglandWales2023-06-012024-05-3112606483ns14:PoundSterling2023-06-012024-05-3112606483ns10:Director12023-06-012024-05-3112606483ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3112606483ns10:SmallEntities2023-06-012024-05-3112606483ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3112606483ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3112606483ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3112606483ns10:FullAccounts2023-06-012024-05-3112606483ns10:OrdinaryShareClass12023-06-012024-05-3112606483ns5:CurrentFinancialInstruments2024-05-3112606483ns5:CurrentFinancialInstruments2023-05-3112606483ns5:Non-currentFinancialInstruments2024-05-3112606483ns5:Non-currentFinancialInstruments2023-05-3112606483ns5:ShareCapital2024-05-3112606483ns5:ShareCapital2023-05-3112606483ns5:RetainedEarningsAccumulatedLosses2024-05-3112606483ns5:RetainedEarningsAccumulatedLosses2023-05-3112606483ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-06-012024-05-3112606483ns5:PlantMachinery2023-06-012024-05-3112606483ns5:MotorVehicles2023-06-012024-05-3112606483ns5:LandBuildings2023-05-3112606483ns5:PlantMachinery2023-05-3112606483ns5:MotorVehicles2023-05-3112606483ns5:LandBuildings2023-06-012024-05-3112606483ns5:LandBuildings2024-05-3112606483ns5:PlantMachinery2024-05-3112606483ns5:MotorVehicles2024-05-3112606483ns5:LandBuildings2023-05-3112606483ns5:PlantMachinery2023-05-3112606483ns5:MotorVehicles2023-05-3112606483ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-3112606483ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-06-012024-05-3112606483ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-05-3112606483ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-3112606483ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-05-3112606483ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3112606483ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3112606483ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3112606483ns5:DeferredTaxation2023-05-3112606483ns5:DeferredTaxation2023-06-012024-05-3112606483ns5:DeferredTaxation2024-05-3112606483ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 12606483 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

GARDEN ROOM SOLUTIONS LTD

GARDEN ROOM SOLUTIONS LTD (REGISTERED NUMBER: 12606483)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance sheet 1

Notes to the financial statements 2


GARDEN ROOM SOLUTIONS LTD (REGISTERED NUMBER: 12606483)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 50,497 43,103

Current assets
Stocks 5 59,830 30,983
Debtors 6 16,407 4,660
Cash at bank 37,613 30,103
113,850 65,746
Creditors
Amounts falling due within one year 7 122,506 70,088
Net current liabilities (8,656 ) (4,342 )
Total assets less current liabilities 41,841 38,761

Creditors
Amounts falling due after more than one year 8 (31,387 ) (23,634 )

Provisions for liabilities 10 (7,281 ) (5,511 )
Net assets 3,173 9,616

Capital and reserves
Called up share capital 11 100 100
Retained earnings 3,073 9,516
Shareholders' funds 3,173 9,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2024 and were signed on its behalf by:



Mr T Warner-Sharp - Director


GARDEN ROOM SOLUTIONS LTD (REGISTERED NUMBER: 12606483)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. Statutory information

Garden Room Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12606483. The registered office is 7 & 8 Church Street, Wimborne, Dorset, England, BH21 1JH and business address is 39 Hayes Close, Wimborne, BH21 2JJ.

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 represents invoiced sales, services and installations of garden rooms and buildings excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

GARDEN ROOM SOLUTIONS LTD (REGISTERED NUMBER: 12606483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 4 ) .

4. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 June 2023 15,000 3,550 43,017 61,567
Additions - 133 33,542 33,675
Disposals - - (13,750 ) (13,750 )
At 31 May 2024 15,000 3,683 62,809 81,492
Depreciation
At 1 June 2023 900 2,053 15,511 18,464
Charge for year 300 407 11,824 12,531
At 31 May 2024 1,200 2,460 27,335 30,995
Net book value
At 31 May 2024 13,800 1,223 35,474 50,497
At 31 May 2023 14,100 1,497 27,506 43,103

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 June 2023 25,367
Additions 19,792
At 31 May 2024 45,159
Depreciation
At 1 June 2023 11,098
Charge for year 8,515
At 31 May 2024 19,613
Net book value
At 31 May 2024 25,546
At 31 May 2023 14,269

GARDEN ROOM SOLUTIONS LTD (REGISTERED NUMBER: 12606483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. Stocks
2024 2023
£    £   
Stocks 5,000 5,000
Work-in-progress 54,830 25,983
59,830 30,983

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 16,407 4,660

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 2,915 2,553
Hire purchase contracts 6,759 4,125
Trade creditors 7,515 2,636
Tax 16,251 17,790
Social security and other taxes 16,635 6,832
Pension 478 290
VAT 14,121 16,040
Directors' current accounts 55,237 17,347
Accruals and deferred income 2,595 2,475
122,506 70,088

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 3,277 2,915
Bank loans - 2-5 years 2,386 5,664
Hire purchase contracts 25,724 15,055
31,387 23,634

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 32,483 19,180

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 7,281 5,511

GARDEN ROOM SOLUTIONS LTD (REGISTERED NUMBER: 12606483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


10. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 June 2023 5,511
Provided during year 1,770
Balance at 31 May 2024 7,281

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. Ultimate controlling party

The Company is under the control of the Directors, by virtue of their combined 100% holding of the issued voting share capital of the Company.