Company Registration No. 12497814 (England and Wales)
GARNER COMMERCIALS LTD
Unaudited accounts
for the year ended 31 March 2025
GARNER COMMERCIALS LTD
Unaudited accounts
Contents
GARNER COMMERCIALS LTD
Company Information
for the year ended 31 March 2025
Director
Christopher Garner
Company Number
12497814 (England and Wales)
Registered Office
MANCHETTS YARD HEATH ROAD
WARBOYS
HUNTINGDON
CAMBRIDGESHIRE
PE28 2UU
ENGLAND
Accountants
LeeP Accountants
Unit 3F Forward Hs, Aston Business Park
Shrewsbury Avenue, Woodston
Peterborough
Cambridgeshire
PE2 7EY
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GARNER COMMERCIALS LTD for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
GARNER COMMERCIALS LTD for the year ended
31 March 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of GARNER COMMERCIALS LTD, as a body, in accordance with the terms of our engagement letter dated 11 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of GARNER COMMERCIALS LTD and state those matters that we have agreed to state to the Board of Directors of GARNER COMMERCIALS LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GARNER COMMERCIALS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GARNER COMMERCIALS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GARNER COMMERCIALS LTD. You consider that GARNER COMMERCIALS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GARNER COMMERCIALS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
LeeP Accountants
Chartered Accountants
Unit 3F Forward Hs, Aston Business Park
Shrewsbury Avenue, Woodston
Peterborough
Cambridgeshire
PE2 7EY
7 May 2025
GARNER COMMERCIALS LTD
Statement of financial position
as at 31 March 2025
Intangible assets
12,000
14,000
Tangible assets
55,831
65,778
Cash at bank and in hand
28,950
88,590
Creditors: amounts falling due within one year
(115,496)
(93,120)
Net current assets
121,182
145,834
Total assets less current liabilities
189,013
225,612
Provisions for liabilities
Deferred tax
(16,957)
(12,498)
Net assets
172,056
213,114
Called up share capital
103
-
Profit and loss account
171,953
213,114
Shareholders' funds
172,056
213,114
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 May 2025 and were signed on its behalf by
Christopher Garner
Director
Company Registration No. 12497814
GARNER COMMERCIALS LTD
Notes to the Accounts
for the year ended 31 March 2025
GARNER COMMERCIALS LTD is a private company, limited by shares, registered in England and Wales, registration number 12497814. The registered office is MANCHETTS YARD HEATH ROAD, WARBOYS, HUNTINGDON, CAMBRIDGESHIRE, PE28 2UU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
24-48 months
Computer equipment
36 Months
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
GARNER COMMERCIALS LTD
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
97,015
50,067
2,697
149,779
Additions
7,133
18,717
1,185
27,035
At 31 March 2025
104,148
68,784
3,882
176,814
At 1 April 2024
68,586
14,627
788
84,001
Charge for the year
22,366
13,731
885
36,982
At 31 March 2025
90,952
28,358
1,673
120,983
At 31 March 2025
13,196
40,426
2,209
55,831
At 31 March 2024
28,429
35,440
1,909
65,778
Amounts falling due within one year
Trade debtors
203,316
128,380
Accrued income and prepayments
1,912
20,545
GARNER COMMERCIALS LTD
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
(185)
1,307
Taxes and social security
34,711
25,264
Loans from directors
641
372
8
Average number of employees
During the year the average number of employees was 11 (2024: 15).