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Company Registration No. 10863568 (England and Wales)
Garlands of Llandaff Ltd Unaudited accounts for the year ended 31 July 2024
Garlands of Llandaff Ltd Unaudited accounts Contents
Page
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Garlands of Llandaff Ltd Company Information for the year ended 31 July 2024
Directors
S Thomas A Thomas
Company Number
10863568 (England and Wales)
Registered Office
9 HIGH STREET LLANDAFF CARDIFF CF5 2DX UNITED KINGDOM
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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Garlands of Llandaff Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,523 
33,409 
Current assets
Inventories
32,000 
32,000 
Debtors
6,421 
7,302 
Cash at bank and in hand
4,952 
1,500 
43,373 
40,802 
Creditors: amounts falling due within one year
(46,353)
(53,575)
Net current liabilities
(2,980)
(12,773)
Total assets less current liabilities
18,543 
20,636 
Creditors: amounts falling due after more than one year
(18,332)
(36,666)
Net assets/(liabilities)
211 
(16,030)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
210 
(16,031)
Shareholders' funds
211 
(16,030)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by
S Thomas Director Company Registration No. 10863568
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Garlands of Llandaff Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Garlands of Llandaff Ltd is a private company, limited by shares, registered in England and Wales, registration number 10863568. The registered office is 9 HIGH STREET, LLANDAFF, CARDIFF, CF5 2DX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
5 years
Fixtures & fittings
5 years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Garlands of Llandaff Ltd Notes to the Accounts for the year ended 31 July 2024
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
36,490 
18,932 
1,896 
57,318 
Additions
- 
- 
312 
312 
Disposals
(2,500)
- 
- 
(2,500)
At 31 July 2024
33,990 
18,932 
2,208 
55,130 
Depreciation
At 1 August 2023
13,022 
10,345 
542 
23,909 
Charge for the year
7,798 
3,012 
513 
11,323 
On disposals
(1,625)
- 
- 
(1,625)
At 31 July 2024
19,195 
13,357 
1,055 
33,607 
Net book value
At 31 July 2024
14,795 
5,575 
1,153 
21,523 
At 31 July 2023
23,468 
8,587 
1,354 
33,409 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
6,421 
7,302 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
20,000 
20,000 
VAT
7,892 
6,095 
Trade creditors
16,894 
19,969 
Taxes and social security
796 
841 
Other creditors
21 
939 
Loans from directors
- 
4,981 
Accruals
750 
750 
46,353 
53,575 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,332 
36,666 
8
Average number of employees
During the year the average number of employees was 8 (2023: 10).
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