Registered number
09102792
THE NATURAL GARDENING COMPANY LIMITED
Filleted Accounts
31 August 2024
THE NATURAL GARDENING COMPANY LIMITED
Registered number: 09102792
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,589 10,119
Current assets
Debtors 4 45,399 57,583
Cash at bank and in hand 888 111
46,287 57,694
Creditors: amounts falling due within one year 5 (45,176) (52,603)
Net current assets 1,111 5,091
Total assets less current liabilities 8,700 15,210
Creditors: amounts falling due after more than one year 6 (4,950) (12,799)
Provisions for liabilities (1,442) (1,923)
Net assets 2,308 488
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,208 388
Shareholder's funds 2,308 488
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Miss C Evans
Director
Approved by the board on 10 December 2024
THE NATURAL GARDENING COMPANY LIMITED
Notes to the Accounts
for the period from 31 October 2023 to 31 August 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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 over its expected useful life, as follows:
Equipment 33% per annum on cost
Motor vehicles 25% per annum on a reducing balance basis
Going concern
The company is reliant upon the continuing support of Miss C Evans who is the company's sole director and only shareholder. Miss Evans has indicated that she intends to support the company on an ongoing basis. The going concern basis of accounting has therefore been adopted.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 31 October 2023 541 17,990 18,531
At 31 August 2024 541 17,990 18,531
Depreciation
At 31 October 2023 541 7,871 8,412
Charge for the period - 2,530 2,530
At 31 August 2024 541 10,401 10,942
Net book value
At 31 August 2024 - 7,589 7,589
At 30 October 2023 - 10,119 10,119
4 Debtors 2024 2023
£ £
Trade debtors 9,017 6,621
Other debtors 36,382 50,962
45,399 57,583
Amounts due after more than one year included above 10,556 10,556
Included in other debtors are amounts due from directors of £30,060 (2023: £32,026) as disclosed in note 7.
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,400 10,821
Obligations under finance lease and hire purchase contracts 4,061 4,112
Trade creditors - 1,800
Taxation and social security costs 35,715 35,870
45,176 52,603
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,950 9,450
Obligations under finance lease and hire purchase contracts - 3,349
4,950 12,799
7 Loans to directors
Description and conditions B/fwd Advances Repaid C/fwd
£ £ £ £
Miss C Evans
Loan no.1, unsecured, interest bearing 20,254 - - 20,254
Loan no.2, unsecured, interest bearing 11,772 38,674 (40,640) 9,806
32,026 38,674 (40,640) 30,060
8 Other information
THE NATURAL GARDENING COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
113 Altwood Road
Maidenhead
Berks
SL6 4QD
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