REGISTERED NUMBER: 05986013 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

HERTS GARDEN BUILDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Monk

Mrs J M Monk

SECRETARY:

G Monk

REGISTERED OFFICE:

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

05986013 (England and Wales)

ACCOUNTANTS:

Cook & Partners Limited

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Intangible assets

4

250,000

300,000

Tangible assets

5

127,304

135,537

377,304

435,537

CURRENT ASSETS

Stocks

10,178

8,657

Debtors

6

17,438

30,693

Cash at bank and in hand

90,556

71,507

118,172

110,857

CREDITORS

Amounts falling due within one year

7

139,164

114,330

NET CURRENT LIABILITIES

(20,992

)

(3,473

)

TOTAL ASSETS LESS CURRENT LIABILITIES

356,312

432,064

CREDITORS

Amounts falling due after more than one year

8

(2,500

)

(12,500

)

PROVISIONS FOR LIABILITIES

(3,777

)

(5,474

)

NET ASSETS

350,035

414,090

CAPITAL AND RESERVES

Called up share capital

7

7

Retained earnings

350,028

414,083

SHAREHOLDERS' FUNDS

350,035

414,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st August 2025 and were signed on its behalf by:

G Monk - Director

1.	STATUTORY INFORMATION

Herts Garden Buildings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Accounting convention

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern justification

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could effect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31st March 2024 have been prepared using the going concern basis of accounting.

Revenue

Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services once completed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Display Equipment

-

33% on cost

Motor vehicles

-

25% on reducing balance

Office Equipment

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

510,000

AMORTISATION

At 1st April 2024

210,000

Charge for year

50,000

At 31st March 2025

260,000

NET BOOK VALUE

At 31st March 2025

250,000

At 31st March 2024

300,000

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Display

property

machinery

Equipment

£

£

£

COST

At 1st April 2024

107,179

21,910

19,980

Additions

-

398

-

At 31st March 2025

107,179

22,308

19,980

DEPRECIATION

At 1st April 2024

-

19,163

16,207

Charge for year

-

1,314

1,858

At 31st March 2025

-

20,477

18,065

NET BOOK VALUE

At 31st March 2025

107,179

1,831

1,915

At 31st March 2024

107,179

2,747

3,773

Motor

Office

vehicles

Equipment

Totals

£

£

£

COST

At 1st April 2024

70,524

12,531

232,124

Additions

-

-

398

At 31st March 2025

70,524

12,531

232,522

DEPRECIATION

At 1st April 2024

51,848

9,369

96,587

Charge for year

4,669

790

8,631

At 31st March 2025

56,517

10,159

105,218

NET BOOK VALUE

At 31st March 2025

14,007

2,372

127,304

At 31st March 2024

18,676

3,162

135,537

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,733

1,529

Other debtors

12,705

29,164

17,438

30,693

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

65,291

34,072

Taxation and social security

55,289

63,280

Other creditors

8,584

6,978

139,164

114,330

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,500

12,500

9.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the year end of £64,426(2024: £64,426).