Registered number
05884486
GG - Gardening Ltd
Filleted Accounts
31 July 2024
GG - Gardening Ltd
Registered number: 05884486
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 240 2,721
Current assets
Debtors 4 5,021 7,829
Cash at bank and in hand 4,222 4,815
9,243 12,644
Creditors: amounts falling due within one year 5 (3,328) (2,235)
Net current assets 5,915 10,409
Total assets less current liabilities 6,155 13,130
Provisions for liabilities (46) (517)
Net assets 6,109 12,613
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,009 12,513
Shareholders' funds 6,109 12,613
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Grzegorz Grabowski
Director
Approved by the board on 17 December 2024
GG - Gardening Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to stakeholder pension plans are expensed when processed through payroll on monthly basis.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 - 14,840 14,840
Additions 250 - 250
At 31 July 2024 250 14,840 15,090
Depreciation
At 1 August 2023 - 12,119 12,119
Charge for the year 10 2,721 2,731
At 31 July 2024 10 14,840 14,850
Net book value
At 31 July 2024 240 - 240
At 31 July 2023 - 2,721 2,721
4 Debtors 2024 2023
£ £
Trade debtors 5,021 7,829
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 875 875
Taxation and social security costs 2,404 1,240
Other creditors, loans from shareholder 49 120
3,328 2,235
6 Other information
GG - Gardening Ltd is a private company limited by shares and incorporated in England. Its registered office is:
112 Seaton Road
Hemel Hempstead
Hertfordshire
HP3 9HU
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