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REGISTERED NUMBER: 03796458 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SHIPWAY GARDEN CONTRACTORS LTD

SHIPWAY GARDEN CONTRACTORS LTD (REGISTERED NUMBER: 03796458)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHIPWAY GARDEN CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 June 2024







DIRECTORS: G Shipway
M Shipway





SECRETARY: Mrs S Pinder





REGISTERED OFFICE: Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX





REGISTERED NUMBER: 03796458 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

SHIPWAY GARDEN CONTRACTORS LTD (REGISTERED NUMBER: 03796458)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,005 114,784

CURRENT ASSETS
Debtors 5 138,028 164,718
Cash at bank and in hand 101,237 36,700
239,265 201,418
CREDITORS
Amounts falling due within one year 6 88,548 80,921
NET CURRENT ASSETS 150,717 120,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,722

235,281

CREDITORS
Amounts falling due after more than one
year

7

18,327

35,281
NET ASSETS 203,395 200,000

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 198,395 195,000
SHAREHOLDERS' FUNDS 203,395 200,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SHIPWAY GARDEN CONTRACTORS LTD (REGISTERED NUMBER: 03796458)

BALANCE SHEET - continued
30 June 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 19 December 2024 and were signed on its behalf by:





G Shipway - Director


SHIPWAY GARDEN CONTRACTORS LTD (REGISTERED NUMBER: 03796458)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2024


1. STATUTORY INFORMATION

Shipway Garden Contractors Ltd 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 represents net invoiced sales of wood, landscaping materials and labour, excluding value added tax.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company contributes to the money purchase schemes of the directors and certain employees.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

SHIPWAY GARDEN CONTRACTORS LTD (REGISTERED NUMBER: 03796458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 June 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 113,997 1,054 156,732 2,530 274,313
Additions 12,759 - - 400 13,159
Disposals (49,906 ) - - - (49,906 )
At 30 June 2024 76,850 1,054 156,732 2,930 237,566
DEPRECIATION
At 1 July 2023 52,611 1,035 103,843 2,040 159,529
Charge for year 6,060 5 13,222 222 19,509
Eliminated on disposal (12,477 ) - - - (12,477 )
At 30 June 2024 46,194 1,040 117,065 2,262 166,561
NET BOOK VALUE
At 30 June 2024 30,656 14 39,667 668 71,005
At 30 June 2023 61,386 19 52,889 490 114,784

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 27,247
DEPRECIATION
At 1 July 2023
and 30 June 2024 6,811
NET BOOK VALUE
At 30 June 2024 20,436
At 30 June 2023 20,436

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 106,931 161,543
Other debtors 31,097 3,175
138,028 164,718

SHIPWAY GARDEN CONTRACTORS LTD (REGISTERED NUMBER: 03796458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 June 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 7,557 6,761
Trade creditors 19,965 20,925
Taxation and social security 39,756 30,006
Other creditors 10,622 12,581
88,548 80,921

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,107 20,098
Hire purchase contracts 8,220 15,183
18,327 35,281

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 20,755 30,746
Hire purchase contracts 15,777 21,944
36,532 52,690