Steve Garwood Bedrooms Limited 09337977 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of bedroom fitting. Digita Accounts Production Advanced 6.30.9574.0 true 09337977 2024-01-01 2024-12-31 09337977 2024-12-31 09337977 core:CurrentFinancialInstruments 2024-12-31 09337977 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09337977 core:FurnitureFittings 2024-12-31 09337977 core:MotorVehicles 2024-12-31 09337977 core:OfficeEquipment 2024-12-31 09337977 bus:SmallEntities 2024-01-01 2024-12-31 09337977 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09337977 bus:FilletedAccounts 2024-01-01 2024-12-31 09337977 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09337977 bus:RegisteredOffice 2024-01-01 2024-12-31 09337977 bus:Director1 2024-01-01 2024-12-31 09337977 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09337977 core:FurnitureFittings 2024-01-01 2024-12-31 09337977 core:MotorVehicles 2024-01-01 2024-12-31 09337977 core:OfficeEquipment 2024-01-01 2024-12-31 09337977 countries:EnglandWales 2024-01-01 2024-12-31 09337977 2023-12-31 09337977 core:FurnitureFittings 2023-12-31 09337977 core:MotorVehicles 2023-12-31 09337977 core:OfficeEquipment 2023-12-31 09337977 2023-01-01 2023-12-31 09337977 2023-12-31 09337977 core:CurrentFinancialInstruments 2023-12-31 09337977 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09337977 core:FurnitureFittings 2023-12-31 09337977 core:MotorVehicles 2023-12-31 09337977 core:OfficeEquipment 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 09337977

Steve Garwood Bedrooms Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Steve Garwood Bedrooms Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 6

 

Steve Garwood Bedrooms Limited

(Registration number: 09337977)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,525

6,488

Current assets

 

Stocks

1,386

3,689

Debtors

5

225

-

Cash at bank and in hand

 

116,226

156,478

 

117,837

160,167

Creditors: Amounts falling due within one year

6

(35,357)

(39,730)

Net current assets

 

82,480

120,437

Total assets less current liabilities

 

84,005

126,925

Provisions for liabilities

(290)

(1,233)

Net assets

 

83,715

125,692

Capital and reserves

 

Called up share capital

2

2

Retained earnings

83,713

125,690

Shareholders' funds

 

83,715

125,692

 

Steve Garwood Bedrooms Limited

(Registration number: 09337977)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 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 year 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 and 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 17 April 2025 and signed on its behalf by:
 

.........................................
S P Garwood
Director

 

Steve Garwood Bedrooms Limited

Notes to the Financial Statements for the Year Ended 31 December 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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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:

 

Steve Garwood Bedrooms Limited

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

Asset class

Depreciation method and rate

Motor vehicles

25% straight line basis

Office equipment

20% straight line basis

Fixtures and fittings

20% straight line basis

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Steve Garwood Bedrooms Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Steve Garwood Bedrooms Limited

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

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

2,003

2,642

21,990

26,635

At 31 December 2024

2,003

2,642

21,990

26,635

Depreciation

At 1 January 2024

824

1,453

17,870

20,147

Charge for the year

401

441

4,121

4,963

At 31 December 2024

1,225

1,894

21,991

25,110

Carrying amount

At 31 December 2024

778

748

(1)

1,525

At 31 December 2023

1,179

1,189

4,120

6,488

5

Debtors

Current

2024
£

2023
£

Other debtors

225

-

 

225

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

240

3,938

Taxation and social security

517

2,325

Other creditors

34,600

33,467

35,357

39,730