The Secret Garden (Wales) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08014349

The Secret Garden (Wales) Limited

Filleted Unaudited Financial Statements

31 December 2024

The Secret Garden (Wales) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	82,394	77,086

Current assets

Stocks		45,000	40,000
Debtors	6	76,448	106,363
Cash at bank and in hand		332,881	308,560
		---------	---------
		454,329	454,923

Creditors: amounts falling due within one year	7	111,307	93,979
		---------	---------
Net current assets		343,022	360,944
		---------	---------
Total assets less current liabilities		425,416	438,030

Creditors: amounts falling due after more than one year	8	15,103	22,450
		---------	---------
Net assets		410,313	415,580
		---------	---------

The Secret Garden (Wales) Limited

Statement of Financial Position (continued)

31 December 2024

	2024	2023
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	410,213	415,480
	---------	---------
Shareholders funds	410,313	415,580
	---------	---------

These 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 income statement has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Ms K Williams	Mr R Williams
Director	Director

Company registration number: 08014349

The Secret Garden (Wales) Limited

Notes to the 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 Summit House, 10 Waterside Court, Newport, NP20 5NT.

2. Statement of compliance

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

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.

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:

Freehold property	-	5% straight line
Plant and machinery	-	15% straight line
Fixtures and fittings	-	15% straight line
Motor vehicles	-	20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2023: 20 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	141,276	39,762	12,580	52,950	246,568
Additions	–	15,220	–	–	15,220
	---------	--------	--------	--------	---------
At 31 December 2024	141,276	54,982	12,580	52,950	261,788
	---------	--------	--------	--------	---------
Depreciation
At 1 January 2024	67,821	39,461	10,080	52,120	169,482
Charge for the year	6,890	1,442	750	830	9,912
	---------	--------	--------	--------	---------
At 31 December 2024	74,711	40,903	10,830	52,950	179,394
	---------	--------	--------	--------	---------
Carrying amount
At 31 December 2024	66,565	14,079	1,750	–	82,394
	---------	--------	--------	--------	---------
At 31 December 2023	73,455	301	2,500	830	77,086
	---------	--------	--------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	8,087	15,735
Other debtors	68,361	90,628
	--------	---------
	76,448	106,363
	--------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,213	11,375
Trade creditors	70,203	46,730
Corporation tax	18,883	28,289
Social security and other taxes	7,762	3,395
Other creditors	4,246	4,190
	---------	--------
	111,307	93,979
	---------	--------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	15,103	22,450
	--------	--------

9. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2024	2023
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	409,330	409,607
	---------	---------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	99,767	84,743
	--------	--------

10. Directors' advances, credits and guarantees

The director operates a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director's fees. At the year end, the amount outstanding from the director was £45,196 this amount being included in debtors: amounts falling within one year (2023: £62,147).