R Preston Garden Design Limited


Director	Richard Preston


Registered Address	2 The Croft Stirton Lane
	Stirton
	Skipton
	BD23 3LN


Registered Number	08330169 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		2,039,875		1,691,692
Investments	4		130,000		310,000
			2,169,875		2,001,692
Current assets
Debtors		785,958		349,052
Cash at bank and on hand		1,699,592		1,239,463
		2,485,550		1,588,515
Creditors amounts falling due within one year	5	(853,127)		(775,011)
Net current assets (liabilities)			1,632,423		813,504
Total assets less current liabilities			3,802,298		2,815,196
Creditors amounts falling due after one year	6		(12,649)		(23,201)
Provisions for liabilities	7		(40,793)		(40,793)
Net assets			3,748,856		2,751,202
Capital and reserves
Called up share capital			100		100
Profit and loss account			3,748,756		2,751,102
Shareholders' funds			3,748,856		2,751,202

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 17 July 2025, and are signed on its behalf by:

Richard Preston
Director
Registered Company No. 08330169

R Preston Garden Design Limited

Notes to the Financial Statements
for the period ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 29 February 24	1,147,110	772,682	158,768	10,143	34,024	2,122,727
Additions	217,229	237,963	-	29,078	3,377	487,647
At 28 February 25	1,364,339	1,010,645	158,768	39,221	37,401	2,610,374
Depreciation and impairment
At 29 February 24	-	317,695	95,996	544	16,800	431,035
Charge for year	-	107,839	15,693	751	3,924	128,207
Other adjustments	-	-	-	-	11,257	11,257
At 28 February 25	-	425,534	111,689	1,295	31,981	570,499
Net book value
At 28 February 25	1,364,339	585,111	47,079	37,926	5,420	2,039,875
At 28 February 24	1,147,110	454,987	62,772	9,599	17,224	1,691,692

4.	Fixed asset investments

	Other loans¹	Total
	£	£
Cost or valuation
At 29 February 24	310,000	310,000
Additions	120,000	120,000
Disposals	(300,000)	(300,000)
At 28 February 25	130,000	130,000
Net book value
At 28 February 25	130,000	130,000
At 28 February 24	310,000	310,000

	Notes
	¹Other loans classified under investments

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	202,260	124,107
Bank borrowings and overdrafts	313,179	338,189
Taxation and social security	292,681	289,059
Other creditors	8,825	-
Accrued liabilities and deferred income	36,182	23,656
Total	853,127	775,011

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	12,649	23,201
Total	12,649	23,201

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	40,793	40,793
Total	40,793	40,793