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REGISTERED NUMBER: 07280626 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Mill View Garden Centre Limited

Mill View Garden Centre Limited (Registered number: 07280626)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Mill View Garden Centre Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs L J Collins
Mrs K Cook
Mr C J Dallimore





SECRETARY: Mrs K Cook





REGISTERED OFFICE: Mill View Garden Centre Ltd
Ladder Hill
Wheatley
Oxford
OX33 1HY





REGISTERED NUMBER: 07280626 (England and Wales)

Mill View Garden Centre Limited (Registered number: 07280626)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 4,000
Tangible assets 5 218,589 212,524
218,589 216,524

CURRENT ASSETS
Stocks 32,476 31,798
Debtors 6 1,026 3,457
Cash at bank and in hand 42,364 78,500
75,866 113,755
CREDITORS
Amounts falling due within one year 7 (124,973 ) (138,409 )
NET CURRENT LIABILITIES (49,107 ) (24,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,482

191,870

CREDITORS
Amounts falling due after more than one year 8 (116,351 ) (136,059 )

PROVISIONS FOR LIABILITIES (5,356 ) (4,197 )
NET ASSETS 47,775 51,614

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,675 51,514
47,775 51,614

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Mill View Garden Centre Limited (Registered number: 07280626)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





Mrs K Cook - Director


Mill View Garden Centre Limited (Registered number: 07280626)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Mill View Garden Centre Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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
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 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.

Mill View Garden Centre Limited (Registered number: 07280626)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 40,000
AMORTISATION
At 1 August 2023 36,000
Charge for year 4,000
At 31 July 2024 40,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 4,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 190,254 61,130 251,384
Additions - 11,174 11,174
At 31 July 2024 190,254 72,304 262,558
DEPRECIATION
At 1 August 2023 - 38,860 38,860
Charge for year - 5,109 5,109
At 31 July 2024 - 43,969 43,969
NET BOOK VALUE
At 31 July 2024 190,254 28,335 218,589
At 31 July 2023 190,254 22,270 212,524

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,026 3,457

Mill View Garden Centre Limited (Registered number: 07280626)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,490 21,272
Trade creditors 18,401 24,962
Taxation and social security 25,193 31,788
Other creditors 60,889 60,387
124,973 138,409

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 116,351 136,059