Worth Gardening Limited Filleted accounts for Companies House (small and micro)

STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS

All of the members of Worth Gardening Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 07887338

WORTH GARDENING LIMITED

FILLETED ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2024

WORTH GARDENING LIMITED

DIRECTORS' RESPONSIBILITIES STATEMENT

YEAR ENDED 31 DECEMBER 2024

The directors are responsible for preparing the directors' report and the abridged financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare abridged financial statements for each financial year. Under that law the directors have elected to prepare the abridged financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the abridged financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these abridged financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the abridged financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the abridged financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

WORTH GARDENING LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		9,156		10,320

Current assets

Stocks	1,370,125	1,413,748
Debtors	12,165	13,943
Cash at bank and in hand	4,392	22,946
	--------------	--------------
	1,386,682	1,450,637

Creditors: amounts falling due within one year	453,571		541,437
	--------------		--------------
Net current assets		933,111		909,200
		------------		------------
Total assets less current liabilities		942,267		919,520
		------------		------------
Net assets		942,267		919,520
		------------		------------

Capital and reserves

Called up share capital	1,400	1,400
Profit and loss account	940,867	918,120
	------------	------------
Shareholders funds	942,267	919,520
	------------	------------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

These abridged financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

H M Glendenning

Director

Company registration number: 07887338

WORTH GARDENING LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 First Avenue, Pensnett Estate, Kingswinford, DY6 7TZ.

2. Statement of Compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The key judgements and estimates that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: - Provision for stock The company has included provisions for damaged stock ranging from 5% - 50% across the classifications of stock held based on managements experience and historical trends which indicate that a proportion of stock is consistently damaged through handling, storage or transport. The provision is on average 7.9% (2023 7.4%) of the total stock held.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	15% reducing balance
Fixtures & Fittings	-	15% reducing balance
Computer Equipment	-	33% 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. Cost includes shipping and import duty and payments for orders that had not been delivered at the year end.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 35 (2023: 31 ).

5. Tangible Assets

	£
Cost
At 1 January 2024	60,586
Additions	869
	------------
At 31 December 2024	61,455
	------------
Depreciation
At 1 January 2024	50,266
Charge for the year	2,033
	------------
At 31 December 2024	52,299
	------------
Carrying amount
At 31 December 2024	9,156
	------------
At 31 December 2023	10,320
	------------

6. Operating Leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	14,401	131,703
Later than 1 year and not later than 5 years	–	10,483
	------------	------------
	14,401	142,186
	------------	------------

7. Contingencies

A debenture dated 25 May 2012 has been created for securing all monies due or to become due from the company to Garland Products Limited on certain assets of the company.

8. Summary Audit Opinion

The auditor's report dated 26 September 2025 was unqualified .

The senior statutory auditor was David J Hanby , for and on behalf of Langard Lifford Hall Limited .

9. Related Party Transactions

Garland Products Limited owns 75% of the issued share capital of the company. During the year, the company sold goods for a value of £2,867,552 (2023: £3,137,803) to Garland Products Limited and purchased goods of a value of £1,918,292 (2023: £2,009,499) and fixed assets of a value of £869 (2023: £831). Included within creditors are amounts owed to the parent company, Garland Products Limited of £395,399 (2023: £446,726).

10. Controlling Party

The company's ultimate parent company is Garland Products Limited , a company incorporated in the United Kingdom whose registered office is 27 First Avenue, Pensnett Estate, Kingswinford, DY6 7TZ. The financial statements of Garland Products Limited can be obtained from Companies House.