IRIS Accounts Production v25.1.4.42 07055300 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070553002023-10-31070553002024-10-31070553002023-11-012024-10-31070553002022-10-31070553002022-11-012023-10-31070553002023-10-3107055300ns15:EnglandWales2023-11-012024-10-3107055300ns14:PoundSterling2023-11-012024-10-3107055300ns10:Director12023-11-012024-10-3107055300ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3107055300ns10:SmallEntities2023-11-012024-10-3107055300ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3107055300ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3107055300ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3107055300ns10:FullAccounts2023-11-012024-10-3107055300ns10:Director22023-11-012024-10-3107055300ns10:RegisteredOffice2023-11-012024-10-3107055300ns5:CurrentFinancialInstruments2024-10-3107055300ns5:CurrentFinancialInstruments2023-10-3107055300ns5:ShareCapital2024-10-3107055300ns5:ShareCapital2023-10-3107055300ns5:RetainedEarningsAccumulatedLosses2024-10-3107055300ns5:RetainedEarningsAccumulatedLosses2023-10-3107055300ns5:PlantMachinery2023-11-012024-10-3107055300ns5:MotorVehicles2023-11-012024-10-3107055300ns5:ComputerEquipment2023-11-012024-10-3107055300ns5:PlantMachinery2023-10-3107055300ns5:MotorVehicles2023-10-3107055300ns5:ComputerEquipment2023-10-3107055300ns5:PlantMachinery2024-10-3107055300ns5:MotorVehicles2024-10-3107055300ns5:ComputerEquipment2024-10-3107055300ns5:PlantMachinery2023-10-3107055300ns5:MotorVehicles2023-10-3107055300ns5:ComputerEquipment2023-10-3107055300ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3107055300ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3107055300ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-10-3107055300ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3107055300ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3107055300ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31070553001ns10:Director12023-10-31070553001ns10:Director12022-10-31070553001ns10:Director12023-11-012024-10-31070553001ns10:Director12022-11-012023-10-31070553001ns10:Director12024-10-31070553001ns10:Director12023-10-3107055300ns10:Director222023-10-3107055300ns10:Director222022-10-3107055300ns10:Director222023-11-012024-10-3107055300ns10:Director222022-11-012023-10-3107055300ns10:Director222024-10-3107055300ns10:Director222023-10-31
REGISTERED NUMBER: 07055300 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

QUALITY GARDEN SUPPLIES
LIMITED

QUALITY GARDEN SUPPLIES
LIMITED (REGISTERED NUMBER: 07055300)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUALITY GARDEN SUPPLIES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: B M W Jackson
V Whitehead





REGISTERED OFFICE: 1st Floor, 12 Stafford Street
Eccleshall
ST21 6BH





REGISTERED NUMBER: 07055300 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

QUALITY GARDEN SUPPLIES
LIMITED (REGISTERED NUMBER: 07055300)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,692 95,246

CURRENT ASSETS
Stocks 9,700 12,800
Debtors 5 38,659 45,132
Cash at bank 481,398 1,305,493
529,757 1,363,425
CREDITORS
Amounts falling due within one year 6 443,825 341,069
NET CURRENT ASSETS 85,932 1,022,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,624

1,117,602

PROVISIONS FOR LIABILITIES 13,206 5,811
NET ASSETS 195,418 1,111,791

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 195,417 1,111,790
SHAREHOLDERS' FUNDS 195,418 1,111,791

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

QUALITY GARDEN SUPPLIES
LIMITED (REGISTERED NUMBER: 07055300)

BALANCE SHEET - continued
31 OCTOBER 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 17 July 2025 and were signed on its behalf by:





B M W Jackson - Director


QUALITY GARDEN SUPPLIES
LIMITED (REGISTERED NUMBER: 07055300)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Quality Garden Supplies Limited 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.

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

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33.33% 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.

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.

QUALITY GARDEN SUPPLIES
LIMITED (REGISTERED NUMBER: 07055300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

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.

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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 59,717 66,859 63,510 190,086
Additions - 64,488 3,747 68,235
At 31 October 2024 59,717 131,347 67,257 258,321
DEPRECIATION
At 1 November 2023 30,488 12,255 52,097 94,840
Charge for year 4,385 28,429 7,975 40,789
At 31 October 2024 34,873 40,684 60,072 135,629
NET BOOK VALUE
At 31 October 2024 24,844 90,663 7,185 122,692
At 31 October 2023 29,229 54,604 11,413 95,246

QUALITY GARDEN SUPPLIES
LIMITED (REGISTERED NUMBER: 07055300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 November 2023
and 31 October 2024 26,026
DEPRECIATION
At 1 November 2023 15,681
Charge for year 1,552
At 31 October 2024 17,233
NET BOOK VALUE
At 31 October 2024 8,793
At 31 October 2023 10,345

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,659 45,132

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 239,461 204,542
Taxation and social security 201,787 134,863
Other creditors 2,577 1,664
443,825 341,069

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
B M W Jackson
Balance outstanding at start of year (1,097 ) (349 )
Amounts advanced 13,390 -
Amounts repaid (12,293 ) (748 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (1,097 )

QUALITY GARDEN SUPPLIES
LIMITED (REGISTERED NUMBER: 07055300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

V Whitehead
Balance outstanding at start of year (62 ) (62 )
Amounts advanced 62 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (62 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is Hornbeam Green Limited.