REGISTERED NUMBER: 02989133 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Garland Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E J Butler

D E Butler

SECRETARY:

D E Butler

REGISTERED OFFICE:

10a Aldermans Hill

Palmers Green

London

N13 4PJ

REGISTERED NUMBER:

02989133 (England and Wales)

ACCOUNTANTS:

Chris Pantazis Ltd T/A CPS & Co

Chartered Accountants

10A Aldermans Hill

Palmers Green

London

N13 4PJ

FIXED ASSETS

Tangible assets

4

52,323

69,571

CURRENT ASSETS

Stocks

424,208

509,314

Debtors

5

-

98,614

Cash at bank

4,399

288

428,607

608,216

CREDITORS

Amounts falling due within one year

6

432,243

512,110

NET CURRENT (LIABILITIES)/ASSETS

(3,636

)

96,106

TOTAL ASSETS LESS CURRENT LIABILITIES

48,687

165,677

CREDITORS

Amounts falling due after more than one year

7

(18,912

)

(93,208

)

PROVISIONS FOR LIABILITIES

(15,623

)

(15,623

)

NET ASSETS

14,152

56,846

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

14,150

56,844

SHAREHOLDERS' FUNDS

14,152

56,846

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

D E Butler - Director

1.	STATUTORY INFORMATION

Garland Enterprises 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.

Tangible fixed assets

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

Stocks

Stocks 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 Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

168,061

Additions

7,500

Disposals

(32,875

)

At 31 March 2025

142,686

DEPRECIATION

At 1 April 2024

98,490

Charge for year

11,598

Eliminated on disposal

(19,725

)

At 31 March 2025

90,363

NET BOOK VALUE

At 31 March 2025

52,323

At 31 March 2024

69,571

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

13,565

Other debtors

-

85,049

-

98,614

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

163,545

248,690

Trade creditors

20,375

37,480

Taxation and social security

48,950

11,296

Other creditors

199,373

214,644

432,243

512,110

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

18,912

80,823

Hire purchase contracts

-

12,385

18,912

93,208