Registration number: 01970230

Gardeners Kitchen Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Gardeners Kitchen Limited

(Registration number: 01970230)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	-	2,583
Tangible assets	5	296,572	335,261
		296,572	337,844
Current assets
Stocks	6	180,822	218,897
Debtors	7	46,968	13,043
Cash at bank and in hand		520,093	366,096
		747,883	598,036
Creditors: Amounts falling due within one year	8	(408,068)	(357,999)
Net current assets		339,815	240,037
Total assets less current liabilities		636,387	577,881
Provisions for liabilities		(51,301)	(58,227)
Net assets		585,086	519,654
Capital and reserves
Called up share capital	9	1,000	1,000
Retained earnings		584,086	518,654
Shareholders' funds		585,086	519,654

For the financial year ending 31 December 2024 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 and 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.

Approved and authorised by the Board on 29 August 2025 and signed on its behalf by:
 

Gardeners Kitchen Limited

(Registration number: 01970230)
Balance Sheet as at 31 December 2024

......................................... Mrs S Boers Company secretary and director

Gardeners Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
Mill Farm
Anchor Lane
Harvington, Evesham
Worcestershire
WR11 8PA
United Kingdom

These financial statements were authorised for issue by the Board on 29 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

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 and 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.

Gardeners Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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
Property improvements	5% straight line
Plant and machinery	25% reducing balance
Motor vehicles	20% reducing balance
Glasshouses	Straight line over 15 years

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software development	20% straight line

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.

Gardeners Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2023 - 19).

Gardeners Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
At 1 January 2024	62,801	62,801
At 31 December 2024	62,801	62,801
Amortisation
At 1 January 2024	60,218	60,218
Amortisation charge	2,583	2,583
At 31 December 2024	62,801	62,801
Carrying amount
At 31 December 2024	-	-
At 31 December 2023	2,583	2,583

5	Tangible assets

	Property improvements £	Glasshouses  £	Plant and machinery £	Motor vehicles  £
Cost or valuation
At 1 January 2024	19,207	499,408	522,940	99,053
Additions	-	-	33,820	-
Disposals	-	-	(69,425)	(36,770)
At 31 December 2024	19,207	499,408	487,335	62,283
Depreciation
At 1 January 2024	7,850	285,116	464,057	48,324
Charge for the year	710	33,294	23,139	8,878
Eliminated on disposal	-	-	(69,278)	(30,429)
At 31 December 2024	8,560	318,410	417,918	26,773
Carrying amount
At 31 December 2024	10,647	180,998	69,417	35,510
At 31 December 2023	11,357	214,292	58,883	50,729

Gardeners Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

	Total £
Cost or valuation
At 1 January 2024	1,140,608
Additions	33,820
Disposals	(106,195)
At 31 December 2024	1,068,233
Depreciation
At 1 January 2024	805,347
Charge for the year	66,021
Eliminated on disposal	(99,707)
At 31 December 2024	771,661
Carrying amount
At 31 December 2024	296,572
At 31 December 2023	335,261

Gardeners Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Stocks

	2024 £	2023 £
Raw materials and consumables	180,822	218,897

7

Debtors

Current	2024 £	2023 £
Trade debtors	13,495	2,710
Prepayments	19,703	5,352
Other debtors	13,770	4,981
	46,968	13,043

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		30,606	42,657
Amounts due to related parties		306,796	273,157
Social security and other taxes		4,300	3,992
Other payables		29,140	29,112
Accruals		6,215	6,035
Income tax liability		31,011	3,046
		408,068	357,999

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000