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
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
Garlands of Llandaff Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
21,523
33,409
Cash at bank and in hand
4,952
1,500
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)
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
Garlands of Llandaff Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
5 years
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.
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.
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.
Garlands of Llandaff Ltd
Notes to the Accounts
for the year ended 31 July 2024
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
Disposals
(2,500)
-
-
(2,500)
At 31 July 2024
33,990
18,932
2,208
55,130
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
At 31 July 2024
14,795
5,575
1,153
21,523
At 31 July 2023
23,468
8,587
1,354
33,409
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,000
20,000
Trade creditors
16,894
19,969
Taxes and social security
796
841
Loans from directors
-
4,981
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 8 (2023: 10).