Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.7sale and hire of garden machinery and machine parts2024-01-01false8truetruefalse 06728119 2024-01-01 2024-12-31 06728119 2023-01-01 2023-12-31 06728119 2024-12-31 06728119 2023-12-31 06728119 c:Director1 2024-01-01 2024-12-31 06728119 d:PlantMachinery 2024-01-01 2024-12-31 06728119 d:PlantMachinery 2024-12-31 06728119 d:PlantMachinery 2023-12-31 06728119 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06728119 d:MotorVehicles 2024-01-01 2024-12-31 06728119 d:MotorVehicles 2024-12-31 06728119 d:MotorVehicles 2023-12-31 06728119 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06728119 d:FurnitureFittings 2024-01-01 2024-12-31 06728119 d:FurnitureFittings 2024-12-31 06728119 d:FurnitureFittings 2023-12-31 06728119 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06728119 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06728119 d:Goodwill 2024-12-31 06728119 d:Goodwill 2023-12-31 06728119 d:CurrentFinancialInstruments 2024-12-31 06728119 d:CurrentFinancialInstruments 2023-12-31 06728119 d:Non-currentFinancialInstruments 2024-12-31 06728119 d:Non-currentFinancialInstruments 2023-12-31 06728119 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06728119 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06728119 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 06728119 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06728119 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 06728119 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 06728119 d:ShareCapital 2024-12-31 06728119 d:ShareCapital 2023-12-31 06728119 d:RetainedEarningsAccumulatedLosses 2024-12-31 06728119 d:RetainedEarningsAccumulatedLosses 2023-12-31 06728119 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-31 06728119 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 06728119 c:FRS102 2024-01-01 2024-12-31 06728119 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06728119 c:FullAccounts 2024-01-01 2024-12-31 06728119 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06728119 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 06728119 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 06728119 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 06728119 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 06728119 2 2024-01-01 2024-12-31 06728119 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-12-31 06728119 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 06728119 d:LeasedAssetsHeldAsLessee 2024-12-31 06728119 d:LeasedAssetsHeldAsLessee 2023-12-31 06728119 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 06728119









SALISBURY GARDEN MACHINERY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
SALISBURY GARDEN MACHINERY LIMITED
REGISTERED NUMBER: 06728119

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
32,650
19,367

  
32,650
19,367

Current assets
  

Stocks
 6 
165,484
170,517

Debtors: amounts falling due within one year
 7 
27,581
25,991

Cash at bank and in hand
 8 
9,079
26,447

  
202,144
222,955

Creditors: amounts falling due within one year
 9 
(157,437)
(186,448)

Net current assets
  
 
 
44,707
 
 
36,507

Total assets less current liabilities
  
77,357
55,874

Creditors: amounts falling due after more than one year
 10 
(34,799)
(30,963)

  

Net assets
  
42,558
24,911


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
42,556
24,909

  
42,558
24,911


Page 1

 
SALISBURY GARDEN MACHINERY LIMITED
REGISTERED NUMBER: 06728119
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2025.




................................................
Roger Rendell
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
SALISBURY GARDEN MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Salisbury Garden Machinery Limited is a private company limited by its share capital, incorporated in England. The principal activity of the Company throughout the year was that of the sale and hire of garden machinery and machine parts.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
SALISBURY GARDEN MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to 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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SALISBURY GARDEN MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% Reducing balance
Motor vehicles
-
25% Reducing balance
Fixtures and fittings
-
15% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

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.

Page 5

 
SALISBURY GARDEN MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 8).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
46,090



At 31 December 2024

46,090



Amortisation


At 1 January 2024
46,090



At 31 December 2024

46,090



Net book value



At 31 December 2024
-



At 31 December 2023
-



Page 6

 
SALISBURY GARDEN MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2024
16,668
62,434
14,072
93,174


Additions
-
17,645
-
17,645



At 31 December 2024

16,668
80,079
14,072
110,819



Depreciation


At 1 January 2024
16,117
48,132
9,558
73,807


Charge for the year on owned assets
111
3,575
676
4,362



At 31 December 2024

16,228
51,707
10,234
78,169



Net book value



At 31 December 2024
440
28,372
3,838
32,650



At 31 December 2023
551
14,302
4,514
19,367

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
17,645
5,593

17,645
5,593


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
165,484
170,517

165,484
170,517


Page 7

 
SALISBURY GARDEN MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
15,526
20,167

Amounts owed by related party
1,787
1,483

Other debtors
2,477
303

Prepayments and accrued income
7,791
4,038

27,581
25,991



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
9,079
26,447

9,079
26,447


Page 8

 
SALISBURY GARDEN MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,520
5,580

Trade creditors
112,845
148,971

Corporation tax
18,638
19,355

Other taxation and social security
2,157
2,442

Obligations under finance lease and hire purchase contracts
4,882
4,776

Other creditors
8,868
1,631

Accruals and deferred income
4,527
3,693

157,437
186,448


The following liabilities were secured:

2024
2023
£
£


Obligations under finance lease and hire purchase contracts
4,882
4,776

Bank loan
5,520
5,580

10,402
10,356

Details of security provided:

The bank overdraft and bank loan are secured. The hire purchase contracts are secured on the assets concerned.

Page 9

 
SALISBURY GARDEN MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
25,036
30,535

Net obligations under finance leases and hire purchase contracts
9,763
428

34,799
30,963


The following liabilities were secured:

2024
2023
£
£



Bank loans
25,036
30,535

Obligations under finance lease and hire purchase contracts
9,763
2,059

34,799
32,594

Details of security provided:

The bank loan is secured. The hire purchase contracts are secured on the asset concerned.








11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,520
5,580


5,520
5,580


Amounts falling due 2-5 years

Bank loans
25,036
30,535


30,556
36,115


Page 10

 
SALISBURY GARDEN MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
4,882
12,691

Between 1-5 years
9,763
37,361

14,645
50,052


13.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
9,079
26,447




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,005 (2023 - £9,649). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date.


15.


Controlling party

The Company is controlled by the directors, Roger and Melissa Rendell, by virtue of their shareholding as described in the directors' report.

 
Page 11