IRIS Accounts Production v25.2.0.378 00403938 director 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 00403938 2023-12-31 00403938 2024-12-31 00403938 2024-01-01 2024-12-31 00403938 2022-12-31 00403938 2023-01-01 2023-12-31 00403938 2023-12-31 00403938 ns15:EnglandWales 2024-01-01 2024-12-31 00403938 ns14:PoundSterling 2024-01-01 2024-12-31 00403938 ns10:Director1 2024-01-01 2024-12-31 00403938 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00403938 ns10:SmallEntities 2024-01-01 2024-12-31 00403938 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00403938 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 00403938 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00403938 ns10:FullAccounts 2024-01-01 2024-12-31 00403938 ns10:CompanySecretary1 2024-01-01 2024-12-31 00403938 ns10:RegisteredOffice 2024-01-01 2024-12-31 00403938 ns5:CurrentFinancialInstruments 2024-12-31 00403938 ns5:CurrentFinancialInstruments 2023-12-31 00403938 ns5:Non-currentFinancialInstruments 2024-12-31 00403938 ns5:Non-currentFinancialInstruments 2023-12-31 00403938 ns5:ShareCapital 2024-12-31 00403938 ns5:ShareCapital 2023-12-31 00403938 ns5:SharePremium 2024-12-31 00403938 ns5:SharePremium 2023-12-31 00403938 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 00403938 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 00403938 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-01-01 2024-12-31 00403938 ns5:LeaseholdImprovements 2024-01-01 2024-12-31 00403938 ns5:PlantMachinery 2024-01-01 2024-12-31 00403938 ns5:FurnitureFittings 2024-01-01 2024-12-31 00403938 ns5:MotorVehicles 2024-01-01 2024-12-31 00403938 ns5:ComputerEquipment 2024-01-01 2024-12-31 00403938 ns5:LandBuildings ns5:ShortLeaseholdAssets 2023-12-31 00403938 ns5:LeaseholdImprovements 2023-12-31 00403938 ns5:PlantMachinery 2023-12-31 00403938 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-12-31 00403938 ns5:LeaseholdImprovements 2024-12-31 00403938 ns5:PlantMachinery 2024-12-31 00403938 ns5:LandBuildings ns5:ShortLeaseholdAssets 2023-12-31 00403938 ns5:LeaseholdImprovements 2023-12-31 00403938 ns5:PlantMachinery 2023-12-31 00403938 ns5:FurnitureFittings 2023-12-31 00403938 ns5:MotorVehicles 2023-12-31 00403938 ns5:ComputerEquipment 2023-12-31 00403938 ns5:FurnitureFittings 2024-12-31 00403938 ns5:MotorVehicles 2024-12-31 00403938 ns5:ComputerEquipment 2024-12-31 00403938 ns5:FurnitureFittings 2023-12-31 00403938 ns5:MotorVehicles 2023-12-31 00403938 ns5:ComputerEquipment 2023-12-31 00403938 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 00403938 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31

REGISTERED NUMBER: 00403938 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RUSSELLS GARDEN CENTRE LTD

RUSSELLS GARDEN CENTRE LTD (REGISTERED NUMBER: 00403938) |

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 |

| RUSSELLS GARDEN CENTRE LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTOR: | R J Phillips

| SECRETARY: | R J Phillips

| REGISTERED OFFICE: | Main Road

| Birdham

| Chichester

| West Sussex

| PO20 7BY

| REGISTERED NUMBER: | 00403938 (England and Wales)

| ACCOUNTANTS: | Lewis Brownlee (Chichester) Limited

| Chartered Accountants

| Appledram Barns

| Birdham Road

| Chichester

| West Sussex

| PO20 7EQ

| BANKERS: | National Westminster Bank plc

| 5 East Street

| Chichester

| West Sussex

| PO19 1HH

RUSSELLS GARDEN CENTRE LTD (REGISTERED NUMBER: 00403938) |

BALANCE SHEET

31 DECEMBER 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 4 | 699 |  | 13,623 |  |

CURRENT ASSETS

Stocks | 94,212 |  | 118,371 |  |

Debtors | 5 | 4,989 |  | 11,342 |  |

Cash at bank and in hand | 38,110 |  | 63,930 |  |

137,311 |  | 193,643 |  |

CREDITORS

Amounts falling due within one year | 6 | 140,380 |  | 131,657 |  |

NET CURRENT (LIABILITIES)/ASSETS | (3,069 | ) | 61,986 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (2,370 | ) | 75,609 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 5,286 |  | 14,167 |  |

NET (LIABILITIES)/ASSETS | (7,656 | ) | 61,442 |  |

CAPITAL AND RESERVES

Called up share capital | 8,913 |  | 8,913 |  |

Share premium | 32,887 |  | 32,887 |  |

Retained earnings | (49,456 | ) | 19,642 |  |

SHAREHOLDERS' FUNDS | (7,656 | ) | 61,442 |  |

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 director acknowledges his 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.

RUSSELLS GARDEN CENTRE LTD (REGISTERED NUMBER: 00403938) |

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2025 and were signed by:

R J Phillips - Director

RUSSELLS GARDEN CENTRE LTD (REGISTERED NUMBER: 00403938) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Russells Garden Centre Ltd 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 financial statements are presented in sterling (£), which is rounded to the nearest pound (£).

| Going Concern

| The company ceased trading on the 19 June 2025, the directors intention is to maintain the company as a non-trading or dormant entity for the time being. Therefore these financial statements have been prepared on a basis other than that of a going concern. No provisions for the future costs of terminating the business have been made other than those relating to costs committed to as at the year end.

| Turnover

| Revenue is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer and the amount of revenue can be measured reliably. Revenue is recorded net of returns, discounts, offers and value added tax.

| Tangible fixed assets

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

| Short leasehold | - | in accordance with the property lease

| Improvements to property | - | 10% on reducing balance

| Plant and machinery | - | 10% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 25% on cost

| Tangible fixed assets are initially measured at cost and are subsequently measured at cost net of depreciation and any impairment losses.

| Stocks

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

| Financial instruments

| Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognized at amortized cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

RUSSELLS GARDEN CENTRE LTD (REGISTERED NUMBER: 00403938) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 11 (2023 - 11 ) .

4. | TANGIBLE FIXED ASSETS

Short | Improvements | Plant and |

leasehold | to property | machinery |

| £ | £ | £

| COST

| At 1 January 2024 | 75,241 |  | 70,422 |  | 6,588 |  |

| Disposals | - |  | - |  | (5,956 | ) |

| At 31 December 2024 | 75,241 |  | 70,422 |  | 632 |  |

| DEPRECIATION

| At 1 January 2024 | 75,241 |  | 61,049 |  | 4,080 |  |

| Charge for year | - |  | 9,373 |  | 251 |  |

| Eliminated on disposal | - |  | - |  | (4,133 | ) |

| At 31 December 2024 | 75,241 |  | 70,422 |  | 198 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  | - |  | 434 |  |

| At 31 December 2023 | - |  | 9,373 |  | 2,508 |  |

RUSSELLS GARDEN CENTRE LTD (REGISTERED NUMBER: 00403938) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | TANGIBLE FIXED ASSETS - continued

Fixtures |

and | Motor | Computer |

fittings | vehicles | equipment | Totals |

| £ | £ | £ | £

| COST

| At 1 January 2024 | 6,634 |  | 13,450 |  | 5,883 |  | 178,218 |  |

| Disposals | (6,634 | ) | - |  | (5,209 | ) | (17,799 | ) |

| At 31 December 2024 | - |  | 13,450 |  | 674 |  | 160,419 |  |

| DEPRECIATION

| At 1 January 2024 | 6,477 |  | 13,450 |  | 4,298 |  | 164,595 |  |

| Charge for year | 40 |  | - |  | 726 |  | 10,390 |  |

| Eliminated on disposal | (6,517 | ) | - |  | (4,615 | ) | (15,265 | ) |

| At 31 December 2024 | - |  | 13,450 |  | 409 |  | 159,720 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  | - |  | 265 |  | 699 |  |

| At 31 December 2023 | 157 |  | - |  | 1,585 |  | 13,623 |  |

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

2024 | 2023 |

| £ | £

| Other debtors | 4,989 |  | 11,342 |  |

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

2024 | 2023 |

| £ | £

| Bank loans and overdrafts | 10,369 |  | 10,059 |  |

| Trade creditors | 102,266 |  | 95,754 |  |

| Taxation and social security | 14,624 |  | 9,185 |  |

| Other creditors | 13,121 |  | 16,659 |  |

140,380 |  | 131,657 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

| £ | £

| Bank loans | 5,286 |  | 14,167 |  |

8. | OTHER FINANCIAL COMMITMENTS

| At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £7,141 (2023: £15,710)

9. | RELATED PARTY DISCLOSURES

| The company occupies property which sits on land owned by the directors. There is no formal lease agreement in place. During the year under review the company paid £Nil (2023: £3,000) in respect of rent.