REGISTERED NUMBER: 04488830 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Trefhedyn Garden Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R A Spencer

SECRETARY:

Mrs E M Spencer

REGISTERED OFFICE:

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

REGISTERED NUMBER:

04488830 (England and Wales)

ACCOUNTANTS:

Ashmole & Co.

Chartered Certified Accountants

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

FIXED ASSETS

Intangible assets

4

98,000

98,000

Tangible assets

5

186,968

192,173

284,968

290,173

CURRENT ASSETS

Stocks

108,325

107,500

Debtors

6

6,936

6,318

Cash at bank and in hand

493,886

408,762

609,147

522,580

CREDITORS

Amounts falling due within one year

7

259,083

177,430

NET CURRENT ASSETS

350,064

345,150

TOTAL ASSETS LESS CURRENT LIABILITIES

635,032

635,323

CREDITORS

Amounts falling due after more than one year

8

9,042

21,701

NET ASSETS

625,990

613,622

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

625,987

613,619

SHAREHOLDERS' FUNDS

625,990

613,622

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.

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 23 September 2025 and were signed by:

R A Spencer - Director

1.	STATUTORY INFORMATION

Trefhedyn Garden Centre 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.

Turnover

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

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.

Freehold property

-

2% on cost

Plant and machinery

-

20% 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.

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.

Goodwill

The Company acquired goodwill of £98,000 in 2002. The goodwill is not being amortised, as the Director believes that the carrying value of the goodwill equals its residual value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

98,000

NET BOOK VALUE

At 31 December 2024

98,000

At 31 December 2023

98,000

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2024

260,000

23,291

193,811

Additions

-

-

3,850

At 31 December 2024

260,000

23,291

197,661

DEPRECIATION

At 1 January 2024

136,500

-

172,445

Charge for year

-

-

4,658

At 31 December 2024

136,500

-

177,103

NET BOOK VALUE

At 31 December 2024

123,500

23,291

20,558

At 31 December 2023

123,500

23,291

21,366

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

38,295

5,608

521,005

Additions

-

524

4,374

At 31 December 2024

38,295

6,132

525,379

DEPRECIATION

At 1 January 2024

15,013

4,874

328,832

Charge for year

4,656

265

9,579

At 31 December 2024

19,669

5,139

338,411

NET BOOK VALUE

At 31 December 2024

18,626

993

186,968

At 31 December 2023

23,282

734

192,173

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

6,936

6,318

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,907

9,156

Trade creditors

141,041

107,457

Taxation and social security

47,041

58,996

Other creditors

60,094

1,821

259,083

177,430

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

9,042

21,701

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

R A Spencer

Balance outstanding at start of year

(1,820

)

22,107

Amounts advanced

80,098

59,199

Amounts repaid

(138,371

)

(83,126

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(60,093

)

(1,820

)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R A Spencer.