The Garden Industry Manufacturers' Association (1999) Limited 03734025 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of the provision of services to manufacturers of garden products to provide an organised structure to help them to discuss common interests and ideas. Digita Accounts Production Advanced 6.30.9574.0 true true 03734025 2024-01-01 2024-12-31 03734025 2024-12-31 03734025 core:CurrentFinancialInstruments 2024-12-31 03734025 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03734025 core:FurnitureFittingsToolsEquipment 2024-12-31 03734025 bus:SmallEntities 2024-01-01 2024-12-31 03734025 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03734025 bus:FilletedAccounts 2024-01-01 2024-12-31 03734025 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03734025 bus:RegisteredOffice 2024-01-01 2024-12-31 03734025 bus:Director1 2024-01-01 2024-12-31 03734025 bus:Director9 2024-01-01 2024-12-31 03734025 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 03734025 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 03734025 core:OfficeEquipment 2024-01-01 2024-12-31 03734025 countries:EnglandWales 2024-01-01 2024-12-31 03734025 2023-12-31 03734025 core:FurnitureFittingsToolsEquipment 2023-12-31 03734025 2023-01-01 2023-12-31 03734025 2023-12-31 03734025 core:CurrentFinancialInstruments 2023-12-31 03734025 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03734025 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-12-31 03734025 core:FurnitureFittingsToolsEquipment 2023-12-31 03734025 core:PreviouslyStatedAmount 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 03734025

The Garden Industry Manufacturers' Association (1999) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Brebners
Chartered Accountants
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

The Garden Industry Manufacturers' Association (1999) Limited

Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

104

445

Current assets

 

Debtors

5

77,095

97,291

Cash at bank and in hand

 

349,823

331,509

 

426,918

428,800

Creditors: Amounts falling due within one year

6

(130,493)

(135,363)

Net current assets

 

296,425

293,437

Net assets

 

296,529

293,882

Reserves

 

Retained earnings

296,529

293,882

Surplus

 

296,529

293,882

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

 

The Garden Industry Manufacturers' Association (1999) Limited

Statement of Financial Position as at 31 December 2024

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

.........................................

K E Ebbens (President)

Director

.........................................

V Nuttall

Director

Company registration number: 03734025

 

The Garden Industry Manufacturers' Association (1999) Limited

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

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £5 towards the assets of the company in the event of liquidation.

The address of its registered office is:
c/o Brebners
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of the provision of services to manufacturers of garden products to provide an organised structure to help them to discuss common interests and ideas.

2

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a surplus for the year ended 31 December 2024 and had net assets at that date amounting to £296,529, including cash at bank of £349,823.

The company's cash flow forecasts indicate that the company has sufficient working capital for a period of at least twelve months from the date of approval of the financial statements.

The company continues to trade profitably and the directors do not believe economic conditions will have a material effect on the company.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

 

The Garden Industry Manufacturers' Association (1999) Limited

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

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 value added tax, returns, rebates and discounts.

Membership income is recognised evenly over the period of membership. Exhibition and events income is recognised on the date of the event.

Tax

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

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 statement of financial position 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, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% 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.

Directors' indemnities

As permitted by the Articles of Association, the Directors have the benefit of an indemnity which is a qualifying third party indemnity provision as defined by Section 234 of the Companies Act 2006. The indemnity was in force throughout the last financial year and is currently in force.

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.

 

The Garden Industry Manufacturers' Association (1999) Limited

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

3

Staff numbers

The average number of persons employed by the company during the year was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

1,545

1,545

At 31 December 2024

1,545

1,545

Depreciation

At 1 January 2024

1,100

1,100

Charge for the year

341

341

At 31 December 2024

1,441

1,441

Carrying amount

At 31 December 2024

104

104

At 31 December 2023

445

445

5

Debtors

2024
£

2023
£

Trade debtors

58,263

82,629

Other debtors

18,832

14,662

77,095

97,291

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

 

14,491

7,759

Taxation and social security

 

6,378

18,394

Other creditors

 

109,624

109,210

 

130,493

135,363