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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
Page
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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
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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
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GARNER COMMERCIALS LTD Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,000 
14,000 
Tangible assets
55,831 
65,778 
67,831 
79,778 
Current assets
Inventories
2,500 
1,439 
Debtors
205,228 
148,925 
Cash at bank and in hand
28,950 
88,590 
236,678 
238,954 
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 
Capital and reserves
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
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GARNER COMMERCIALS LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Motor vehicles
48 months
Computer equipment
36 Months
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
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
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 taxation
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.
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GARNER COMMERCIALS LTD Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2024
20,000 
At 31 March 2025
20,000 
Amortisation
At 1 April 2024
6,000 
Charge for the year
2,000 
At 31 March 2025
8,000 
Net book value
At 31 March 2025
12,000 
At 31 March 2024
14,000 
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 
Depreciation
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 
Net book value
At 31 March 2025
13,196 
40,426 
2,209 
55,831 
At 31 March 2024
28,429 
35,440 
1,909 
65,778 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
203,316 
128,380 
Accrued income and prepayments
1,912 
20,545 
205,228 
148,925 
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GARNER COMMERCIALS LTD Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
55,817 
52,423 
Trade creditors
(185)
1,307 
Taxes and social security
34,711 
25,264 
Other creditors
646 
185 
Loans from directors
641 
372 
Accruals
23,866 
13,569 
115,496 
93,120 
8
Average number of employees
During the year the average number of employees was 11 (2024: 15).
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