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REGISTERED NUMBER: 08032674 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Cotswold Garden Tea Rooms Ltd

Cotswold Garden Tea Rooms Ltd (Registered number: 08032674)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Cotswold Garden Tea Rooms Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr C R J Terblanche





REGISTERED OFFICE: 22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB





REGISTERED NUMBER: 08032674 (England and Wales)





ACCOUNTANTS: Somerset Accountancy Services Ltd
22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB

Cotswold Garden Tea Rooms Ltd (Registered number: 08032674)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,751 32,235

CURRENT ASSETS
Debtors 239,509 665
Cash at bank and in hand 3,559 137
243,068 802
CREDITORS
Amounts falling due within one year 72,434 36,232
NET CURRENT ASSETS/(LIABILITIES) 170,634 (35,430 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,385

(3,195

)

CREDITORS
Amounts falling due after more than one
year

(30,999

)

-

PROVISIONS FOR LIABILITIES (4,793 ) (3,752 )
NET ASSETS/(LIABILITIES) 165,593 (6,947 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 165,493 (7,047 )
SHAREHOLDERS' FUNDS 165,593 (6,947 )

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

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

Cotswold Garden Tea Rooms Ltd (Registered number: 08032674)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:





Mr C R J Terblanche - Director


Cotswold Garden Tea Rooms Ltd (Registered number: 08032674)

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


1. STATUTORY INFORMATION

Cotswold Garden Tea Rooms 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.

Changes in accounting policies
During the current year, the company has adopted a new accounting policy to recognise deferred tax in accordance with FRS 102 Section 29: Income Tax. Previously, the company did not account for deferred tax.

The adoption of this policy ensures compliance with FRS 102 and provides a more accurate reflection of the company’s financial position and performance by recognising temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their corresponding tax bases.

This change in accounting policy has been applied retrospectively, as required by FRS 102 Section 10: Accounting Policies, Estimates and Errors as described in note 6.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% on reducing balance

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

Cotswold Garden Tea Rooms Ltd (Registered number: 08032674)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 80,073
Additions 3,750
At 31 March 2024 83,823
DEPRECIATION
At 1 April 2023 47,838
Charge for year 5,234
At 31 March 2024 53,072
NET BOOK VALUE
At 31 March 2024 30,751
At 31 March 2023 32,235