IRIS Accounts Production v25.1.4.42 03874618 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03874618 2023-12-31 03874618 2024-12-31 03874618 2024-01-01 2024-12-31 03874618 2022-12-31 03874618 2023-01-01 2023-12-31 03874618 2023-12-31 03874618 ns15:EnglandWales 2024-01-01 2024-12-31 03874618 ns14:PoundSterling 2024-01-01 2024-12-31 03874618 ns10:Director1 2024-01-01 2024-12-31 03874618 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03874618 ns10:SmallEntities 2024-01-01 2024-12-31 03874618 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03874618 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 03874618 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03874618 ns10:FullAccounts 2024-01-01 2024-12-31 03874618 ns10:Director3 2024-01-01 2024-12-31 03874618 ns10:RegisteredOffice 2024-01-01 2024-12-31 03874618 ns5:CurrentFinancialInstruments 2024-12-31 03874618 ns5:CurrentFinancialInstruments 2023-12-31 03874618 ns5:ShareCapital 2024-12-31 03874618 ns5:ShareCapital 2023-12-31 03874618 ns5:SharePremium 2024-12-31 03874618 ns5:SharePremium 2023-12-31 03874618 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 03874618 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 03874618 ns5:PlantMachinery 2024-01-01 2024-12-31 03874618 ns5:PlantMachinery 2023-12-31 03874618 ns5:PlantMachinery 2024-12-31 03874618 ns5:PlantMachinery 2023-12-31 03874618 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 03874618 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 03874618 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 03874618 ns5:SharePremium 2023-12-31 03874618 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31

REGISTERED NUMBER: 03874618 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| THE MODERN GARDEN COMPANY LIMITED |

THE MODERN GARDEN COMPANY LIMITED (REGISTERED NUMBER: 03874618) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| THE MODERN GARDEN COMPANY LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | A Gerard

| Ms S Perry

| REGISTERED OFFICE: | Cambridge House

| 16 High Street

| Saffron Walden

| Essex

| CB10 1AX

| REGISTERED NUMBER: | 03874618 (England and Wales)

| ACCOUNTANTS: | Barker Wilkinson Limited

| 19-21 Middle Row

| Stevenage

| Hertfordshire

| SG1 3AW

THE MODERN GARDEN COMPANY LIMITED (REGISTERED NUMBER: 03874618) |

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 3,143 |  |

CURRENT ASSETS

Stocks | 4,125 |  | 5,875 |  |

Debtors | 5 | 1,579 |  | 16,921 |  |

Cash at bank | 34,161 |  | 183,776 |  |

39,865 |  | 206,572 |  |

CREDITORS

Amounts falling due within one year | 6 | 26,870 |  | 145,434 |  |

NET CURRENT ASSETS | 12,995 |  | 61,138 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 12,995 |  | 64,281 |  |

PROVISIONS FOR LIABILITIES | - |  | 704 |  |

NET ASSETS | 12,995 |  | 63,577 |  |

CAPITAL AND RESERVES

Called up share capital | 327 |  | 327 |  |

Share premium | 7 | 938 |  | 938 |  |

Retained earnings | 7 | 11,730 |  | 62,312 |  |

SHAREHOLDERS' FUNDS | 12,995 |  | 63,577 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 MODERN GARDEN COMPANY LIMITED (REGISTERED NUMBER: 03874618) |

BALANCE SHEET - continued

31 DECEMBER 2024

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 19 August 2025 and were signed on its behalf by:

Ms S Perry - Director

THE MODERN GARDEN COMPANY LIMITED (REGISTERED NUMBER: 03874618) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| The Modern Garden Company 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

| Basis of preparing the financial statements

| 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.

| The director has necessarily assessed various factors and risks affecting the company and its ability in these difficult social and economic times to continue to trade as a going concern.

| The director has not identified any material uncertainties or risks related to events or conditions that could affect 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 December 2024 have been prepared using the going concern basis of accounting.

| Significant judgements and estimates

| In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| 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.

THE MODERN GARDEN COMPANY LIMITED (REGISTERED NUMBER: 03874618) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The director considers all financial instruments to be basic financial instruments in accordance with paragraph 11 of FRS102. All basic financial instruments including trade and other debtors, cash and cash equivalents, and trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost if materially different if at all.

| Trade and other receivables and payables

| Trade and other receivables and payables are measured at amortised cost which approximates to fair value given the short term nature of these assets and liabilities.

| Trade receivables are valued at original invoice amount less an allowance for potentially un-collectable debts. Provision is made where this is objective evidence to suggest that the company will not be in a position to collect receivables as they fall due. Bad and Doubtful debts are written off in the profit and loss account on identification.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash balances held for the purposes of meeting short-term cash commitments.

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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 4 (2023 - 3 ) .

THE MODERN GARDEN COMPANY LIMITED (REGISTERED NUMBER: 03874618) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | TANGIBLE FIXED ASSETS

| Office

| equipment

£ |

| COST

| At 1 January 2024 | 50,002 |  |

| Disposals | (50,002 | ) |

| At 31 December 2024 | - |  |

| DEPRECIATION

| At 1 January 2024 | 46,859 |  |

| Charge for year | 655 |  |

| Eliminated on disposal | (47,514 | ) |

| At 31 December 2024 | - |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | 3,143 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | - |  | 14,831 |  |

| Other debtors | 1,079 |  | 1,690 |  |

| Prepayments and accrued income | 500 |  | 400 |  |

1,579 |  | 16,921 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 1,168 |  | 82,627 |  |

| Tax | 3,503 |  | 26,995 |  |

| Social security and other taxes | - |  | (661 | ) |

| VAT | 8,126 |  | 10,685 |  |

| Other creditors and deferred

| income | 55 |  | 19,388 |  |

| Directors' current accounts | 10,096 |  | - |  |

| Accruals | 3,922 |  | 6,400 |  |

26,870 |  | 145,434 |  |

THE MODERN GARDEN COMPANY LIMITED (REGISTERED NUMBER: 03874618) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

7. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 January 2024 | 62,312 |  | 938 |  | 63,250 |  |

| Profit for the year | 12,418 |  | - |  | 12,418 |  |

| Dividends | (63,000 | ) | - |  | (63,000 | ) |

| At 31 December 2024 | 11,730 |  | 938 |  | 12,668 |  |

8. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Ms S Perry.

| As the sole shareholder of The Curious Group Ltd, which company is the parent company of this company, Ms Perry is the ultimate controlling party.