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Registration number: 02066240

Birch Grove Garden Centre Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Birch Grove Garden Centre Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Birch Grove Garden Centre Limited

Company Information

Directors

Mr S Slinger

Mr G F Slinger

Mrs E C Slinger

Company secretary

Mr G F Slinger

Registered office

Albion House
32 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD

Accountants

Cannon Williamson
Chartered Certified AccountantsAlbion House
32 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD

 

Birch Grove Garden Centre Limited

(Registration number: 02066240)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed Assets

 

Tangible Assets

6

638,811

653,901

Current assets

 

Debtors

7

-

28

Cash at bank and in hand

 

90,047

88,184

 

90,047

88,212

Creditors: Amounts falling due within one year

8

(77,082)

(85,069)

Net current assets

 

12,965

3,143

Total assets less current liabilities

 

651,776

657,044

Provisions for liabilities

(78,794)

(78,795)

Net assets

 

572,982

578,249

Capital and Reserves

 

Called up share capital

9

20

20

Revaluation reserve

371,492

371,492

Retained Earnings

201,470

206,737

Shareholders' funds

 

572,982

578,249

For the financial year ending 31 January 2025 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 20 May 2025 and signed on its behalf by:
 

.........................................
Mr G F Slinger
Company secretary and director

 

Birch Grove Garden Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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:
Albion House
32 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD
United Kingdom

These financial statements were authorised for issue by the Board on 20 May 2025.

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.

Departure from requirements of FRS 102

No depreciation has been charged on freehold land, included within freehold land and buildings.

Management have concluded that the above departure does not affect the accounts from showing a true and fair view. Apart from this departure the company has complied with the relevant accounting standards and legislation.

Revenue recognition

Income 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. Income 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Birch Grove Garden Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2

Accounting policies (continued)

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.

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:

Asset class

Depreciation method and rate

Freehold property

0% - 4% straight line

Plant and machinery

10% straight line

Fixtures and fittings

33% straight line

Motor vehicles

20% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

 

Birch Grove Garden Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2

Accounting policies (continued)

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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 year, was 1 (2024 - 1).

 

Birch Grove Garden Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

15,090

16,818

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2024

40,000

40,000

At 31 January 2025

40,000

40,000

Amortisation

At 1 February 2024

40,000

40,000

At 31 January 2025

40,000

40,000

Carrying amount

At 31 January 2025

-

-

6

Tangible Assets

Land and buildings
£

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2024

928,631

43,495

194,288

1,166,414

At 31 January 2025

928,631

43,495

194,288

1,166,414

Depreciation

At 1 February 2024

285,161

43,179

184,173

512,513

Charge for the year

13,004

224

1,862

15,090

At 31 January 2025

298,165

43,403

186,035

527,603

Carrying amount

At 31 January 2025

630,466

92

8,253

638,811

At 31 January 2024

643,470

316

10,115

653,901

 

Birch Grove Garden Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

6

Tangible Assets (continued)

Included within the net book value of land and buildings above is £630,466 (2024 - £643,470) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Land was revalued on 1 February 2015. An independent valuer was not involved.
The basis of this valuation was open market value.
This class of assets has a current value of £567,627.00 (2022 - £567,627.00).
The directors have reviewed this valuation as at 31 January 2023 and feel that it is still appropriate
.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2024 - £Nil).

7

Debtors

Current

2025
£

2024
£

Other debtors

-

28

 

-

28

 

Birch Grove Garden Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade Creditors

-

1,211

Taxation and social security

9,479

10,475

Accruals and deferred income

1,600

1,500

Other creditors

66,003

71,883

77,082

85,069

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A of £0.10 each

70

7

70

7

Ordinary B of £1 each

10

10

10

10

Ordinary D of £0.10 each

10

1

10

1

Ordinary E of £0.10 each

10

1

10

1

Ordinary C of £0.10 each

10

1

10

1

110

20

110

20

10

Related party transactions

 

Birch Grove Garden Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

10

Related party transactions (continued)

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

12,570

11,380

Contributions paid to money purchase schemes

21,000

15,000

33,570

26,380