IRIS Accounts Production v24.1.4.33 12587009 director 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125870092023-04-30125870092024-04-30125870092023-05-012024-04-30125870092022-04-30125870092022-05-012023-04-30125870092023-04-3012587009ns15:EnglandWales2023-05-012024-04-3012587009ns14:PoundSterling2023-05-012024-04-3012587009ns10:Director12023-05-012024-04-3012587009ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3012587009ns10:SmallEntities2023-05-012024-04-3012587009ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3012587009ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3012587009ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3012587009ns10:FullAccounts2023-05-012024-04-301258700912023-05-012024-04-3012587009ns10:OrdinaryShareClass12023-05-012024-04-3012587009ns10:RegisteredOffice2023-05-012024-04-3012587009ns5:CurrentFinancialInstruments2024-04-3012587009ns5:CurrentFinancialInstruments2023-04-3012587009ns5:Non-currentFinancialInstruments2024-04-3012587009ns5:Non-currentFinancialInstruments2023-04-3012587009ns5:ShareCapital2024-04-3012587009ns5:ShareCapital2023-04-3012587009ns5:RetainedEarningsAccumulatedLosses2024-04-3012587009ns5:RetainedEarningsAccumulatedLosses2023-04-3012587009ns5:NetGoodwill2023-05-012024-04-3012587009ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3012587009ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-012024-04-3012587009ns5:FurnitureFittings2023-05-012024-04-3012587009ns5:MotorVehicles2023-05-012024-04-3012587009ns5:ComputerEquipment2023-05-012024-04-3012587009ns5:NetGoodwill2023-04-3012587009ns5:IntangibleAssetsOtherThanGoodwill2023-04-3012587009ns5:NetGoodwill2024-04-3012587009ns5:IntangibleAssetsOtherThanGoodwill2024-04-3012587009ns5:NetGoodwill2023-04-3012587009ns5:IntangibleAssetsOtherThanGoodwill2023-04-3012587009ns5:PlantMachinery2023-04-3012587009ns5:PlantMachinery2023-05-012024-04-3012587009ns5:PlantMachinery2024-04-3012587009ns5:PlantMachinery2023-04-3012587009ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3012587009ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3012587009ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-3012587009ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3012587009ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3012587009ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3012587009ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3012587009ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3012587009ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-04-3012587009ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-04-3012587009ns5:HirePurchaseContracts2024-04-3012587009ns5:HirePurchaseContracts2023-04-3012587009ns5:Secured2024-04-3012587009ns5:Secured2023-04-3012587009ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 12587009 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

GARDINERS HOLIDAYS LTD

GARDINERS HOLIDAYS LTD (REGISTERED NUMBER: 12587009)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARDINERS HOLIDAYS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: A G Smith





REGISTERED OFFICE: Unit 18, Coopies Haugh
Coopies Lane
Morpeth
NE61 6JN





REGISTERED NUMBER: 12587009 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

GARDINERS HOLIDAYS LTD (REGISTERED NUMBER: 12587009)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 117,094 312,289
117,094 312,289

CURRENT ASSETS
Stocks 226,300 223,000
Debtors 6 111,382 25,168
Cash at bank and in hand 2,551 52,139
340,233 300,307
CREDITORS
Amounts falling due within one year 7 472,161 703,810
NET CURRENT LIABILITIES (131,928 ) (403,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,834

)

(91,214

)

CREDITORS
Amounts falling due after more than one
year

8

310,875

224,038
NET LIABILITIES (325,709 ) (315,252 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (325,809 ) (315,352 )
SHAREHOLDERS' FUNDS (325,709 ) (315,252 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GARDINERS HOLIDAYS LTD (REGISTERED NUMBER: 12587009)

BALANCE SHEET - continued
30 APRIL 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 director and authorised for issue on 15 January 2025 and were signed by:





A G Smith - Director


GARDINERS HOLIDAYS LTD (REGISTERED NUMBER: 12587009)

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

1. STATUTORY INFORMATION

Gardiners Holidays 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
The company has two principal activities. Income from tour operator activities is recognised on the date that the tours are provided. Income from vehicle sales is recognised on delivery of the vehicle to the end customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, has now been fully amortised

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.

Intellectual Property are being amortised evenly over their estimated useful life of five years.

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.
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
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.

Financial instruments
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


GARDINERS HOLIDAYS LTD (REGISTERED NUMBER: 12587009)

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

2. ACCOUNTING POLICIES - continued
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
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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,500 500 2,000
AMORTISATION
At 1 May 2023
and 30 April 2024 1,500 500 2,000
NET BOOK VALUE
At 30 April 2024 - - -
At 30 April 2023 - - -

GARDINERS HOLIDAYS LTD (REGISTERED NUMBER: 12587009)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 354,077
Additions 96,184
Disposals (298,445 )
At 30 April 2024 151,816
DEPRECIATION
At 1 May 2023 41,788
Charge for year 29,099
Eliminated on disposal (36,165 )
At 30 April 2024 34,722
NET BOOK VALUE
At 30 April 2024 117,094
At 30 April 2023 312,289

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 324,899
DEPRECIATION
At 1 May 2023 38,020
Charge for year 5,354
At 30 April 2024 43,374
NET BOOK VALUE
At 30 April 2024 281,525
At 30 April 2023 286,879

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 86,920 7,752
Other debtors 24,462 17,416
111,382 25,168

GARDINERS HOLIDAYS LTD (REGISTERED NUMBER: 12587009)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,926 -
Hire purchase contracts (see note 9) 154,089 148,282
Trade creditors 76,520 57,809
Taxation and social security 89,794 37,222
Other creditors 125,832 460,497
472,161 703,810

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 205,169 224,038
Other creditors 105,706 -
310,875 224,038

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 154,089 148,282
Between one and five years 205,169 224,038
359,258 372,320

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 137,303 -
Hire purchase contracts 359,258 372,320
496,561 372,320

Debts under hire purchase contracts are secured on the assets to which they relate.

11. CALLED UP SHARE CAPITAL

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

GARDINERS HOLIDAYS LTD (REGISTERED NUMBER: 12587009)

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

12. RELATED PARTY DISCLOSURES

During the year the company maintained an interest free loan to companies related by way of the director also being a director of this company. The balance outstanding at the year-end is £24,402, is interest free and repayable on demand. (2023: £4,916)