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Registration number: 10826645

Gloss 'N' Gardens Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2025

 

Gloss 'N' Gardens Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

Gloss 'N' Gardens Limited

Company Information

Director

Mrs Harriet Joan Munro

Registered office

The Lodge Broadbrodge
Broadbridge Lane
Smallfield
Horley
Surrey
RH6 9RF

Accountants

DF Accountants Limited
23 Hansom Way,
Pease Pottage
Crawley
West Sussex
RH119GQ

 

Gloss 'N' Gardens Limited

(Registration number: 10826645)
Balance Sheet as at 30 June 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

8,428

11,376

Current assets

 

Stocks

6

1,150

1,150

Debtors

7

10,090

4,635

Cash at bank and in hand

 

12,772

6,380

 

24,012

12,165

Creditors: Amounts falling due within one year

8

(14,150)

(1,501)

Net current assets

 

9,862

10,664

Total assets less current liabilities

 

18,290

22,040

Creditors: Amounts falling due after more than one year

8

(18,089)

(22,041)

Provisions for liabilities

-

49

Net assets

 

201

48

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

101

(52)

Shareholders' funds

 

201

48

For the financial year ending 30 June 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 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 director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 August 2025
 

 

Gloss 'N' Gardens Limited

(Registration number: 10826645)
Balance Sheet as at 30 June 2025

.........................................
Mrs Harriet Joan Munro
Director

 

Gloss 'N' Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1

General information

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

The address of its registered office is:
The Lodge Broadbrodge
Broadbridge Lane
Smallfield
Horley
Surrey
RH6 9RF

These financial statements were authorised for issue by the director on 15 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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

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.

Tax

The tax expense for the period comprises current 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.

 

Gloss 'N' Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

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:

Asset class

Depreciation method and rate

Motor vehicles

25% Straight line

Plant and machinery

25% Straight line

Computer equipment

50% Straight line

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 stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

Gloss 'N' Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Gloss 'N' Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

4

Taxation

Tax charged/(credited) in the profit and loss account

2025
£

2024
£

Current taxation

UK corporation tax

3,938

-

Deferred taxation

Arising from origination and reversal of timing differences

-

(26)

Tax expense/(receipt) in the income statement

3,938

(26)

 

Gloss 'N' Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Deferred tax

Deferred tax assets and liabilities

 

Gloss 'N' Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2024

10,334

210

16,500

27,044

At 30 June 2025

10,334

210

16,500

27,044

Depreciation

At 1 July 2024

3,364

210

12,094

15,668

Charge for the year

1,823

-

1,125

2,948

At 30 June 2025

5,187

210

13,219

18,616

Carrying amount

At 30 June 2025

5,147

-

3,281

8,428

At 30 June 2024

6,970

-

4,406

11,376

6

Stocks

2025
£

2024
£

Other inventories

1,150

1,150

7

Debtors

Current

2025
£

2024
£

Trade debtors

-

180

Other debtors

10,090

4,455

 

10,090

4,635

8

Creditors

Creditors: amounts falling due within one year

 

Gloss 'N' Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

7,047

90

Taxation and social security

 

5,744

1,411

Other creditors

 

1,359

-

 

14,150

1,501

 

Gloss 'N' Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

18,089

22,041

9

Share capital

10

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

18,089

22,041

Current loans and borrowings

2025
£

2024
£

Bank borrowings

7,047

90

11

Dividends

Final dividends paid

2025
£

2024
£

Final dividend of Nil per each NewRow_0

-

-

 

 

Interim dividends paid

2025
£

2024
£

Interim dividend of £118.33 per each Share

16,566

5,500

 

 

12

Related party transactions

 

Gloss 'N' Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

25,140

23,045