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REGISTERED NUMBER: 09674522 (England and Wales)


Financial Statements for the Year Ended 31 July 2024

for

Garden Village Stores Limited

Garden Village Stores Limited (Registered number: 09674522)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Garden Village Stores Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr Sukhdev Singh
Mrs Baljit Kaur





REGISTERED OFFICE: 94 Swansea Road
Garden Village
Goresinon
Swansea
SA4 4HQ





REGISTERED NUMBER: 09674522 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Garden Village Stores Limited (Registered number: 09674522)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 6,460 8,614

CURRENT ASSETS
Inventories 45,250 47,218
Debtors 5 512 382
Cash at bank and in hand 58,894 61,050
104,656 108,650
CREDITORS
Amounts falling due within one year 6 64,823 67,419
NET CURRENT ASSETS 39,833 41,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,293

49,845

CREDITORS
Amounts falling due after more than one
year

7

18,297

28,312
NET ASSETS 27,996 21,533

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 27,896 21,433
SHAREHOLDERS' FUNDS 27,996 21,533

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.

Garden Village Stores Limited (Registered number: 09674522)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





Mr Sukhdev Singh - Director


Garden Village Stores Limited (Registered number: 09674522)

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

1. STATUTORY INFORMATION

Garden Village Stores 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
Revenue 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 - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 27,084
DEPRECIATION
At 1 August 2023 18,470
Charge for year 2,154
At 31 July 2024 20,624
NET BOOK VALUE
At 31 July 2024 6,460
At 31 July 2023 8,614

Garden Village Stores Limited (Registered number: 09674522)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 512 382

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 16,788 6,694
Taxation and social security 13,323 10,907
Other creditors 34,712 49,818
64,823 67,419

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 18,297 28,312

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £18,000 (2023 - £18,000) in respect of use of business property owned by the Directors.