REGISTERED NUMBER: 06449195 (England and Wales)

Financial Statements for the Year Ended 31st March 2025

for

Garnash Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A L Nash

P M Gardner

SECRETARY:

A L Nash

REGISTERED OFFICE:

213-215 Upper Street

London

N1 1RL

REGISTERED NUMBER:

06449195 (England and Wales)

FIXED ASSETS

Intangible assets

4

750,440

800,170

Tangible assets

5

274,113

421,093

1,024,553

1,221,263

CURRENT ASSETS

Stocks and work in progress

287,893

266,528

Debtors

6

330,664

384,805

Cash at bank and in hand

337,018

355,688

955,575

1,007,021

CREDITORS

Amounts falling due within one year

7

901,142

900,015

NET CURRENT ASSETS

54,433

107,006

TOTAL ASSETS LESS CURRENT LIABILITIES

1,078,986

1,328,269

CREDITORS

Amounts falling due after more than one year

8

99,551

297,020

NET ASSETS

979,435

1,031,249

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

979,335

1,031,149

979,435

1,031,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th November 2025 and were signed on its behalf by:

P M Gardner - Director

A L Nash - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amounts paid in connection with the acquisition of businesses in 2008 and 2018, are being amortised evenly over their estimated useful life of twenty years and twenty four years respectively.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - at varying rates on cost

Motor vehicles - at 25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2024 - 65 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

1,189,600

AMORTISATION

At 1st April 2024

389,430

Charge for year

49,730

At 31st March 2025

439,160

NET BOOK VALUE

At 31st March 2025

750,440

At 31st March 2024

800,170

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

1,469,853

Additions

4,837

At 31st March 2025

1,474,690

DEPRECIATION

At 1st April 2024

1,048,760

Charge for year

151,817

At 31st March 2025

1,200,577

NET BOOK VALUE

At 31st March 2025

274,113

At 31st March 2024

421,093

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

64,364

147,858

Other debtors

266,300

236,947

330,664

384,805

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

657,980

643,971

Taxation and social security

92,113

55,821

Other creditors

151,049

200,223

901,142

900,015

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

88,728

129,238

Hire purchase contracts

10,823

17,782

Other creditors

-

150,000

99,551

297,020

9.	ULTIMATE CONTROLLING PARTY

The company was under the control of the directors who, between them, own 100% of the company's issued share capital.