Garant Plus (LND) Ltd - Filleted accounts

Registered number

10683967

Garant Plus (LND) Ltd

Filleted Accounts

28 February 2025

Garant Plus (LND) Ltd
Registered number:		10683967
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		20,561			28,556

Current assets
Debtors	4	700,085			578,212
Cash at bank and in hand		199,749			190,918
		899,834			769,130

Creditors: amounts falling due within one year	5	(394,469)			(367,111)

Net current assets			505,365			402,019

Total assets less current liabilities			525,926			430,575

Creditors: amounts falling due after more than one year	6		(4,782)			(14,532)

Provisions for liabilities			(5,140)			(7,139)


Net assets			516,004			408,904

Capital and reserves
Called up share capital			100			100
Profit and loss account			515,904			408,804

Shareholders' funds			516,004			408,904

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Oleg Gaiduc
Director
Approved by the board on 6 October 2025

Garant Plus (LND) Ltd
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	50% on straight line basis
	Motor vehicles	18% on straight line basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2024	23,133		61,590		84,723
	Additions	6,856		-		6,856
	At 28 February 2025	29,989		61,590		91,579

	Depreciation
	At 1 March 2024	22,907		33,259		56,166
	Charge for the year	3,766		11,086		14,852
	At 28 February 2025	26,673		44,345		71,018

	Net book value
	At 28 February 2025	3,316		17,245		20,561
	At 29 February 2024	226		28,331		28,557


4	Debtors			2025		2024
£					£

	Trade debtors			177,762		176,970
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			520,000		395,000
	Other debtors			2,323		6,242
				700,085		578,212


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			9,563		9,688
	Trade creditors			181,556		127,594
	Taxation and social security costs			90,229		87,824
	Directors' current account			83,214		81,464
	Other creditors			29,907		60,541
				394,469		367,111


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			4,782		14,532


7	Other information

	Garant Plus (LND) Ltd is a private company limited by shares and incorporated in England. Its registered office is at:
	The Grange, 1 Central Road, Morden, Surrey, SM4 5PQ