Company registration number 06023500 (England and Wales)
GRACEFUL GARDENS (HEVER) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
GRACEFUL GARDENS (HEVER) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
GRACEFUL GARDENS (HEVER) LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
45,437
49,555
Current assets
Stocks
44,623
31,859
Debtors
5
471
8,381
Cash at bank and in hand
5,034
2
50,128
40,242
Creditors: amounts falling due within one year
6
(103,766)
(132,716)
Net current liabilities
(53,638)
(92,474)
Total assets less current liabilities
(8,201)
(42,919)
Creditors: amounts falling due after more than one year
7
(33,476)
(48,793)
Provisions for liabilities
(5,732)
(8,185)
Net liabilities
(47,409)
(99,897)
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
(57,409)
(109,897)
Total equity
(47,409)
(99,897)
GRACEFUL GARDENS (HEVER) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
page 2

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 24 October 2025
M. Agate
Director
Company registration number 06023500 (England and Wales)
GRACEFUL GARDENS (HEVER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
page 3
1
Accounting policies
Company information

Graceful Gardens (Hever) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Gabriel's Farm, Marsh Green Road, Edenbridge, Kent, TN8 5PP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company relies on an overdraft facility and the support of its director to provide day to day working capital. As there is no indication that this support will be withdrawn, the director considers it appropriate to prepare the accounts on the basis that the company is a going concern.true

1.3
Turnover
Turnover, which is shown net of VAT, represents amounts receivable for the company's landscaping services, which are billed upon completion of each project or stage of a project.
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
10% straight line
Computer equipment
25% straight line
Motor vehicles
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stock comprises plants and other nursery supplies used in the company's principal activity. Work in progress comprises the cost of work incurred to date which will be billed upon completion of each project. Stock and work in progress are valued at the lower of cost and net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

GRACEFUL GARDENS (HEVER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
page 4
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank overdrafts, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. The deferred tax balance has not been discounted.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

GRACEFUL GARDENS (HEVER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
page 5
1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Provision for slow moving or obsolete stock

Inventories are valued at the lower cost and net realisable value. Ne t realisable value includes, where necessary, provisions for slow moving and obsolete stocks. Calculation of these provisions requires judgements to be made, which include forecast consumer demand, the promotional, competitive and economic environment and inventory loss trends.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
7
GRACEFUL GARDENS (HEVER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
page 6
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024
118,615
Additions
15,954
Disposals
(25,255)
At 31 January 2025
109,314
Depreciation and impairment
At 1 February 2024
69,060
Depreciation charged in the year
13,759
Eliminated in respect of disposals
(18,942)
At 31 January 2025
63,877
Carrying amount
At 31 January 2025
45,437
At 31 January 2024
49,555
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
4,847
Other debtors
471
3,534
471
8,381
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
49,377
52,378
Trade creditors
-
0
4,630
Taxation and social security
43,564
62,313
Other creditors
10,825
13,395
103,766
132,716

Included in other creditors are o bligations under finance lease contracts which are secured against the assets financed.

The company has a Bounce Back Loan which is 100% guaranteed by the government. Interest is charged at a fixed annual rate of 2.5%. Interest for the first 12 months wa s paid by the government and no capital repayments were due for the first 12 months.

GRACEFUL GARDENS (HEVER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
page 7
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
16,715
26,940
Obligations under finance leases
16,761
21,853
33,476
48,793

Included in other creditors are o bligations under finance lease contracts which are secured against the assets financed.

The company has a Bounce Back Loan which is 100% guaranteed by the government. Interest is charged at a fixed annual rate of 2.5%. Interest for the first 12 months wa s paid by the government and no capital repayments were due for the first 12 months.

8
Directors' transactions

During the year the company entered into the following transactions with related parties:

The company paid for expenses on behalf of the director totalling £352. This balance was outstanding at the year end, the loan was interest free and repa yable on demand.

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