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Company No: 03922215 (England and Wales)

HAMBROOK GARDEN SUPPLIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

HAMBROOK GARDEN SUPPLIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

HAMBROOK GARDEN SUPPLIES LIMITED

BALANCE SHEET

As at 31 January 2025
HAMBROOK GARDEN SUPPLIES LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 38,319 47,386
38,319 47,386
Current assets
Stocks 4 243,231 237,734
Debtors 5 784,879 617,865
Cash at bank and in hand 33,935 54,793
1,062,045 910,392
Creditors: amounts falling due within one year 6 ( 1,326,124) ( 1,161,335)
Net current liabilities (264,079) (250,943)
Total assets less current liabilities (225,760) (203,557)
Net liabilities ( 225,760) ( 203,557)
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account ( 225,762 ) ( 203,559 )
Total shareholder's deficit ( 225,760) ( 203,557)

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Hambrook Garden Supplies Limited (registered number: 03922215) were approved and authorised for issue by the Director on 01 August 2025. They were signed on its behalf by:

N Hambrook
Director
HAMBROOK GARDEN SUPPLIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
HAMBROOK GARDEN SUPPLIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hambrook Garden Supplies Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wangfield Lane, Curdridge, Southampton, SO32 2DA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £225,760. The Company is supported through loans from the Parent Company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 20 % reducing balance
Office equipment 20 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable value, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 14 13

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Office equipment Computer equipment Total
£ £ £ £ £ £ £
Cost
At 01 February 2024 87,130 100,201 20,000 40,756 29,121 59,859 337,067
Additions 0 0 0 0 994 0 994
At 31 January 2025 87,130 100,201 20,000 40,756 30,115 59,859 338,061
Accumulated depreciation
At 01 February 2024 74,872 81,688 7,049 38,647 27,566 59,859 289,681
Charge for the financial year 2,216 3,703 3,238 411 493 0 10,061
At 31 January 2025 77,088 85,391 10,287 39,058 28,059 59,859 299,742
Net book value
At 31 January 2025 10,042 14,810 9,713 1,698 2,056 0 38,319
At 31 January 2024 12,258 18,513 12,951 2,109 1,555 0 47,386

4. Stocks

2025 2024
£ £
Stocks 243,231 237,734

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

2025 2024
£ £
Trade debtors 1,324 28,324
Amounts owed by Group undertakings 783,555 589,541
784,879 617,865

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 50,981 43,715
Amounts owed to Group undertakings 1,247,385 1,082,789
Other taxation and social security 3,347 11,322
Other creditors 24,411 23,509
1,326,124 1,161,335

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2