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REGISTERED NUMBER: 09270274 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GARDEN TRENDS LTD

GARDEN TRENDS LTD (REGISTERED NUMBER: 09270274)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARDEN TRENDS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: G Parry





REGISTERED OFFICE: Unit 6A, Lys Mill
Howe Road
Watlington
Oxfordshire
OX49 5EQ





REGISTERED NUMBER: 09270274 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

GARDEN TRENDS LTD (REGISTERED NUMBER: 09270274)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 27,553 22,262
Tangible assets 5 319,812 286,876
347,365 309,138

CURRENT ASSETS
Stocks 2,277,306 1,715,221
Debtors 6 426,690 289,041
Cash at bank and in hand 122,124 111,862
2,826,120 2,116,124
CREDITORS
Amounts falling due within one year 7 (2,508,537 ) (1,811,754 )
NET CURRENT ASSETS 317,583 304,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

664,948

613,508

CREDITORS
Amounts falling due after more than one
year

8

(73,940

)

(36,954

)

PROVISIONS FOR LIABILITIES (52,141 ) (41,381 )
NET ASSETS 538,867 535,173

GARDEN TRENDS LTD (REGISTERED NUMBER: 09270274)

BALANCE SHEET - continued
30 SEPTEMBER 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 45 45
Share premium 74,965 74,965
Retained earnings 463,857 460,163
SHAREHOLDERS' FUNDS 538,867 535,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:





G Parry - Director


GARDEN TRENDS LTD (REGISTERED NUMBER: 09270274)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Garden Trends 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.

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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

GARDEN TRENDS LTD (REGISTERED NUMBER: 09270274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

GARDEN TRENDS LTD (REGISTERED NUMBER: 09270274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 October 2023 79,488
Additions 9,634
At 30 September 2024 89,122
AMORTISATION
At 1 October 2023 57,226
Amortisation for year 4,343
At 30 September 2024 61,569
NET BOOK VALUE
At 30 September 2024 27,553
At 30 September 2023 22,262

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 239,993 35,927 147,475
Additions 4,922 400 37,762
At 30 September 2024 244,915 36,327 185,237
DEPRECIATION
At 1 October 2023 80,227 18,837 69,221
Charge for year 24,571 2,567 11,974
At 30 September 2024 104,798 21,404 81,195
NET BOOK VALUE
At 30 September 2024 140,117 14,923 104,042
At 30 September 2023 159,766 17,090 78,254

GARDEN TRENDS LTD (REGISTERED NUMBER: 09270274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 9,200 91,205 523,800
Additions 46,433 1,812 91,329
At 30 September 2024 55,633 93,017 615,129
DEPRECIATION
At 1 October 2023 9,200 59,439 236,924
Charge for year 1,451 17,830 58,393
At 30 September 2024 10,651 77,269 295,317
NET BOOK VALUE
At 30 September 2024 44,982 15,748 319,812
At 30 September 2023 - 31,766 286,876

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 34,850 26,357 - 61,207
Additions - 37,762 46,433 84,195
At 30 September 2024 34,850 64,119 46,433 145,402
DEPRECIATION
At 1 October 2023 18,557 8,061 - 26,618
Charge for year 2,444 2,980 1,451 6,875
At 30 September 2024 21,001 11,041 1,451 33,493
NET BOOK VALUE
At 30 September 2024 13,849 53,078 44,982 111,909
At 30 September 2023 16,293 18,296 - 34,589

GARDEN TRENDS LTD (REGISTERED NUMBER: 09270274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 143,385 201,168
Amounts owed by group undertakings 12,500 -
Other debtors 120,336 29,413
Payments in advance 87,563 39,918
Prepayments 62,906 18,542
426,690 289,041

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,139,678 725,257
Hire purchase contracts (see note 9) 31,372 11,740
Trade creditors 556,756 509,827
Tax - 8,598
Social security and other taxes 16,643 68,530
VAT 667,856 423,477
Other creditors 2,890 1,829
Directors' current accounts 42,634 43,487
Accrued expenses 50,708 19,009
2,508,537 1,811,754

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,904 10,311
Bank loans - 2-5 years - 7,904
Hire purchase contracts (see note 9) 66,036 18,739
73,940 36,954

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 31,372 11,740
Between one and five years 66,036 18,739
97,408 30,479

GARDEN TRENDS LTD (REGISTERED NUMBER: 09270274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 222,531 140,049
Between one and five years 287,157 118,200
509,688 258,249

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary A 1p 20 20
2,000 Ordinary C 1p 5 5
500 Ordinary B 1p 20 20
45 45