Cobweb Gardenworks Ltd 14974694 false 2023-07-03 2024-07-31 2024-07-31 The principal activity of the company is Landscaping Digita Accounts Production Advanced 6.30.9574.0 true true 14974694 2023-07-03 2024-07-31 14974694 2024-07-31 14974694 core:RetainedEarningsAccumulatedLosses 2024-07-31 14974694 core:ShareCapital 2024-07-31 14974694 core:CurrentFinancialInstruments 2024-07-31 14974694 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14974694 core:MotorVehicles 2024-07-31 14974694 core:OtherPropertyPlantEquipment 2024-07-31 14974694 bus:SmallEntities 2023-07-03 2024-07-31 14974694 bus:AuditExemptWithAccountantsReport 2023-07-03 2024-07-31 14974694 bus:FilletedAccounts 2023-07-03 2024-07-31 14974694 bus:SmallCompaniesRegimeForAccounts 2023-07-03 2024-07-31 14974694 bus:RegisteredOffice 2023-07-03 2024-07-31 14974694 bus:Director1 2023-07-03 2024-07-31 14974694 bus:PrivateLimitedCompanyLtd 2023-07-03 2024-07-31 14974694 core:MotorVehicles 2023-07-03 2024-07-31 14974694 core:OtherPropertyPlantEquipment 2023-07-03 2024-07-31 14974694 countries:EnglandWales 2023-07-03 2024-07-31 iso4217:GBP xbrli:pure

Registration number: 14974694

Cobweb Gardenworks Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Period from 3 July 2023 to 31 July 2024

 

Cobweb Gardenworks Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Cobweb Gardenworks Ltd

Company Information

Directors

R Dickinson

Catharine Kilby

Company secretary

Catharine Kilby

Registered office

Criss Cross
Newick Lane
Mayfield
East Sussex
TN20 6RB

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Cobweb Gardenworks Ltd

(Registration number: 14974694)
Balance Sheet as at 31 July 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

16,079

Current assets

 

Debtors

5

4,983

Cash at bank and in hand

 

15,699

 

20,682

Creditors: Amounts falling due within one year

6

(36,966)

Net current liabilities

 

(16,284)

Net liabilities

 

(205)

Capital and reserves

 

Called up share capital

100

Retained earnings

(305)

Shareholders' deficit

 

(205)

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 April 2025 and signed on its behalf by:
 

.........................................
R Dickinson
Director

 

Cobweb Gardenworks Ltd

Notes to the Unaudited Financial Statements for the Period from 3 July 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Criss Cross
Newick Lane
Mayfield
East Sussex
TN20 6RB
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Cobweb Gardenworks Ltd

Notes to the Unaudited Financial Statements for the Period from 3 July 2023 to 31 July 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

 

Cobweb Gardenworks Ltd

Notes to the Unaudited Financial Statements for the Period from 3 July 2023 to 31 July 2024

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

13,037

7,001

20,038

At 31 July 2024

13,037

7,001

20,038

Depreciation

Charge for the period

3,259

700

3,959

At 31 July 2024

3,259

700

3,959

Carrying amount

At 31 July 2024

9,778

6,301

16,079

5

Debtors

2024
£

Trade debtors

4,583

Prepayments

400

4,983

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

5,260

Accruals and deferred income

800

Other creditors

168

Director loan account

30,738

36,966