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REGISTERED NUMBER: 04999384 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Durston Garden Products Ltd

Durston Garden Products Ltd (Registered number: 04999384)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Durston Garden Products Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S A Durston
C G Durston
D J Durston





SECRETARY: C G Durston





REGISTERED OFFICE: Avalon Farm
Sharpham
Street
Somerset
BA16 9SE





REGISTERED NUMBER: 04999384 (England and Wales)

Durston Garden Products Ltd (Registered number: 04999384)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,693,896 1,874,720
Investment property 6 601,507 725,000
5,295,403 2,599,720

CURRENT ASSETS
Stocks 3,258,722 2,092,806
Debtors 7 951,662 865,781
Cash at bank and in hand 956,786 2,539,216
5,167,170 5,497,803
CREDITORS
Amounts falling due within one year 8 3,726,253 3,299,518
NET CURRENT ASSETS 1,440,917 2,198,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,736,320

4,798,005

CREDITORS
Amounts falling due after more than one
year

9

(1,892,065

)

(218,735

)

PROVISIONS FOR LIABILITIES (483,626 ) (280,573 )
NET ASSETS 4,360,629 4,298,697

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 12 68,068 206,634
Retained earnings 4,291,561 4,091,063
SHAREHOLDERS' FUNDS 4,360,629 4,298,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Durston Garden Products Ltd (Registered number: 04999384)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by:




S A Durston - Director C G Durston - Director




D J Durston - Director


Durston Garden Products Ltd (Registered number: 04999384)

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

1. STATUTORY INFORMATION

Durston Garden Products Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property- 2% on straight line basis, for land based on tonnage of peat extracted
Plant and machinery- 20% on reducing balance basis
Fixtures and fittings- 33% on straight line basis, 25% on reducing balance basis
Motor vehicles- 20% on reducing balance basis

Depreciation is charged from when asset is bought into use.

Repairs and maintenance costs are expensed as incurred.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Durston Garden Products Ltd (Registered number: 04999384)

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

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Finance costs
Finance costs are charged to the Statement of Profit or Loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Interest income
Interest income is recognised in the Statement of Profit or Loss using the effective interest method.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 20,000
AMORTISATION
At 1 January 2024
and 31 December 2024 20,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Durston Garden Products Ltd (Registered number: 04999384)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 1,169,561 2,730,661 71,885 53,450 4,025,557
Additions 2,185,385 976,795 1,170 23,949 3,187,299
Disposals - - - (11,333 ) (11,333 )
At 31 December 2024 3,354,946 3,707,456 73,055 66,066 7,201,523
DEPRECIATION
At 1 January 2024 422,468 1,624,395 62,194 41,780 2,150,837
Charge for year 26,706 326,527 5,316 6,127 364,676
Eliminated on disposal - - - (7,886 ) (7,886 )
At 31 December 2024 449,174 1,950,922 67,510 40,021 2,507,627
NET BOOK VALUE
At 31 December 2024 2,905,772 1,756,534 5,545 26,045 4,693,896
At 31 December 2023 747,093 1,106,266 9,691 11,670 1,874,720

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 725,000
Revaluations (123,493 )
At 31 December 2024 601,507
NET BOOK VALUE
At 31 December 2024 601,507
At 31 December 2023 725,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2021 (117,051 )
Valuation in 2022 348,493
Valuation in 2024 (123,493 )
Cost 493,558
601,507

If Investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 493,558 493,558

Investment properties were valued on an open market basis on 31 December 2024 by the Directors. .

Durston Garden Products Ltd (Registered number: 04999384)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 164,707 216,586
Other debtors 1,089 1,152
Provision for Bad Debts - (5,861 )
Tax 383,271 -
VAT 341,106 140,563
Prepayments and accrued income 61,489 513,341
951,662 865,781

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 109,252 -
Hire purchase contracts (see note 10) 380,016 257,127
Trade creditors 1,021,708 323,632
Tax - 771,705
Social security and other taxes 16,054 12,028
Other creditors - (237 )
Directors' current accounts 1,687,929 1,702,071
Accrued expenses 511,294 233,192
3,726,253 3,299,518

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 117,429 -
Bank loans - 2-5 years 409,090 -
Bank loans more 5 yr by instal 811,459 -
Hire purchase contracts (see note 10) 554,087 218,735
1,892,065 218,735

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 811,459 -

Durston Garden Products Ltd (Registered number: 04999384)

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

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Gross obligations repayable:
Within one year 429,966 281,488
Between one and five years 585,515 229,741
1,015,481 511,229

Finance charges repayable:
Within one year 49,950 24,361
Between one and five years 31,428 11,006
81,378 35,367

Net obligations repayable:
Within one year 380,016 257,127
Between one and five years 554,087 218,735
934,103 475,862

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,447,230 -
Hire purchase contracts 934,103 475,862
2,381,333 475,862

Bank borrowings are secured by an all assets debenture giving a fixed and floating charge on all property and assets, present and future, including freehold and leasehold land and buildings and attached fixtures and fittings, plant and machinery, goodwill, uncalled share capital, stocks and shares, intellectual property, the benefit of any hedging arrangements and all debts which fail to vest to the lender under the debt purchase facility.

The net obligations under hire purchase contracts are secured on the fixed assets to which they relate.

12. RESERVES
Revaluation
reserve
£   
At 1 January 2024 206,634
Revaluation (138,566 )

At 31 December 2024 68,068