ABC Garden Ltd 12744596 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the retail of timber products such as garden buildings and those used in recreational activities. Digita Accounts Production Advanced 6.30.9574.0 true true 12744596 2023-01-01 2023-12-31 12744596 2023-12-31 12744596 core:CurrentFinancialInstruments 2023-12-31 12744596 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12744596 core:FurnitureFittings 2023-12-31 12744596 core:OfficeEquipment 2023-12-31 12744596 bus:SmallEntities 2023-01-01 2023-12-31 12744596 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12744596 bus:FilletedAccounts 2023-01-01 2023-12-31 12744596 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12744596 bus:RegisteredOffice 2023-01-01 2023-12-31 12744596 bus:Director3 2023-01-01 2023-12-31 12744596 bus:Director4 2023-01-01 2023-12-31 12744596 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12744596 core:ComputerEquipment 2023-01-01 2023-12-31 12744596 core:FurnitureFittings 2023-01-01 2023-12-31 12744596 core:OfficeEquipment 2023-01-01 2023-12-31 12744596 countries:England 2023-01-01 2023-12-31 12744596 2022-12-31 12744596 core:FurnitureFittings 2022-12-31 12744596 core:OfficeEquipment 2022-12-31 12744596 2022-01-01 2022-12-31 12744596 2022-12-31 12744596 core:CurrentFinancialInstruments 2022-12-31 12744596 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12744596 core:FurnitureFittings 2022-12-31 12744596 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 12744596

ABC Garden Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

ABC Garden Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

ABC Garden Ltd

Company Information

Directors

Mr Raul KINKS

Mr Keith Anthony ATTAWAY

Registered office

65 London Wall
London
EC2M 5TU

Accountants

1Office Group Ltd

 

ABC Garden Ltd

(Registration number: 12744596)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

138,949

100,185

Current assets

 

Stocks

5

58,920

72,344

Debtors

6

53,580

85,596

Cash at bank and in hand

 

18,660

21,474

 

131,160

179,414

Creditors: Amounts falling due within one year

7

(493,679)

(325,908)

Net current liabilities

 

(362,519)

(146,494)

Net liabilities

 

(223,570)

(46,309)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(223,670)

(46,409)

Shareholders' deficit

 

(223,570)

(46,309)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

ABC Garden Ltd

(Registration number: 12744596)
Balance Sheet as at 31 December 2023

Approved and authorised by the Board on 6 August 2025 and signed on its behalf by:
 

.........................................
Mr Keith Anthony ATTAWAY
Director

 

ABC Garden Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
65 London Wall
London
EC2M 5TU

These financial statements were authorised for issue by the Board on 6 August 2025.

2

Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 Section 1A - ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006.

The presentational currency of the financial statements is pound sterling (£).

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
 

Covid-19
Covid-19 is not expected to have a significant impact on the entity. Management has determined that there is no material uncertainty that casts doubt on the entity’s ability to continue as a going concern. It expects that Covid-19 might have some impact, though not significant, for example, in relation to expected future performance, or the effects on some future asset valuations.
 

Going concern

The financial statements have been prepared on a going concern basis.

Related Party Exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with wholly owned subsidiaries within the group.
 

 

ABC Garden Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

ABC Garden Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Asset class

Depreciation method and rate

Computer equipment

Straight line over 3 years

Display units

Straight line over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 1).

 

ABC Garden Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 January 2023

99,021

2,409

101,430

Additions

48,906

-

48,906

At 31 December 2023

147,927

2,409

150,336

Depreciation

At 1 January 2023

321

923

1,244

Charge for the year

9,661

482

10,143

At 31 December 2023

9,982

1,405

11,387

Carrying amount

At 31 December 2023

137,945

1,004

138,949

At 31 December 2022

98,700

1,485

100,185

5

Stocks

2023
£

2022
£

Other inventories

58,920

72,344

6

Debtors

Amounts owed by group undertakings are unsecured, repayable on demand and carry an interest in accordance with the groups intercompany finance agreement.

Current

2023
£

2022
£

Trade debtors

33,709

71,710

Prepayments

(42,933)

-

Other debtors

62,804

13,886

 

53,580

85,596

 

ABC Garden Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10

3,043

-

Trade creditors

 

447,995

94,959

Amounts owed to group undertakings and undertakings in which the company has a participating interest

-

119,590

Taxation and social security

 

41,141

38,070

Accruals and deferred income

 

1,500

73,289

 

493,679

325,908

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

9

Ultimate Controlling Party

The company is a wholly owned subsidiary of ABC Garden OÜ, a company incorporated in Estonia. At 31 December 2023 ABC Garden OÜ held 100% total ordinary shares of ABC Garden Ltd.

10

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Other borrowings

3,043

-