Newbank Garden Centre Limited Company accounts

COMPANY REGISTRATION NUMBER: 01555210

Newbank Garden Centre Limited

Financial Statements

31 July 2025

Newbank Garden Centre Limited

Financial Statements

Period from 1 March 2024 to 31 July 2025

Contents	Page

Strategic report	1

Directors' report	3

Independent auditor's report to the members	5

Statement of income and retained earnings	9

Statement of financial position	10

Notes to the financial statements	11

Newbank Garden Centre Limited

Strategic Report

Period from 1 March 2024 to 31 July 2025

Business Review The board considers the results to be satisfactory considering the inclement weather during Spring 2024 which resulted in a marked decline in turnover for that period. However a comparison of turnover for the years ended 28 February 2024 and 28 February 2025 concluded they were at similar levels. Furthermore the five months period to the end of July 2025 shows an increase in turnover on the two previous years as a result of much improved weather conditions. Gross margins increased slightly from 21.56% to 21.85% which reflects a return to pre-covid levels. The Statement of Financial Position on page 10 of the financial statements remains healthy with net assets of the company of £4,109,068 and cash reserves of £5,340,554. The board monitors progress on overall strategy and the individual strategic elements by reference to key performance indicators. These include revenue, gross margins, staff costs, adjusted EBITDA and cash positions.

Future Developments The board advises plans have been submitted for a new restaurant to be constructed at its Bury site. Additionally discussions are currently under way regarding significant investment in sustainable solar energy. This will greatly assist in our aim of reducing the business's emissions to net zero in the foreseeable future. Principal Risks and Uncertainties The main risk and uncertainty facing the business is from inflationary pressure and the resulting impact on customer behaviour and spending habits. Christmas continues to be a critical period for many in this sector and the directors have prudently planned well in advance based on their previous years' experiences. Going Concern At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

This report was approved by the board of directors on 10 December 2025 and signed on behalf of the board by:

Mr C J Hartle

Director

Registered office:

Prince of Wales House

18-19 Salmon Fields Business Village

Royton

Oldham

OL2 6HT

Newbank Garden Centre Limited

Directors' Report

Period from 1 March 2024 to 31 July 2025

The directors present their report and the financial statements of the company for the period ended 31 July 2025 .

Principal activities

The principal activity of the company during the period continued to be that of a retail garden centre.

Directors

The directors who served the company during the period were as follows:

Mr C J Hartle
Mr J L Hartle
Mrs F M Bottomley

Dividends

Particulars of paid dividends are detailed in note 15 to the financial statements. No further dividends have been paid up to the date of signing the accounts. Disclosure of information in the strategic report The Company has chosen, in accordance with section 414C (11) of the Companies Act 2006 to include certain matters in its Strategic Report that would otherwise be required to be disclosed in this Directors' Report. The Strategic Report can be found on page 1 of these accounts.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 10 December 2025 and signed on behalf of the board by:

Mr C J Hartle

Director

Registered office:

Prince of Wales House

18-19 Salmon Fields Business Village

Royton

Oldham

OL2 6HT

Newbank Garden Centre Limited

Independent Auditor's Report to the Members of Newbank Garden Centre Limited

Period from 1 March 2024 to 31 July 2025

Opinion

We have audited the financial statements of Newbank Garden Centre Ltd (the 'company') for the period ended 31 July 2025 which comprise the statement of income and retained earnings, statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 July 2025 and of its profit for the period then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the strategic report and directors' report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (i.e. gives a true and fair view). We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Rachel Davis BA FCA

(Senior Statutory Auditor)

For and on behalf of

Just Audit Limited

Chartered Accountants & Statutory Auditors

Strelley Hall

Main Street

Strelley

Nottingham

NG8 6PE

10 December 2025

Newbank Garden Centre Limited

Statement of Income and Retained Earnings

Period from 1 March 2024 to 31 July 2025

		Period from
		1 Mar 24 to	Year to
		31 Jul 25	29 Feb 24
Note		£	£
Turnover	4	23,878,810	15,348,555

Cost of sales	18,660,245	12,039,015
	-------------	-------------
Gross profit	5,218,565	3,309,540

Administrative expenses		5,146,240	3,794,326
Other operating income	5	307,050	180,862
		------------	------------
Operating profit/(loss)	6	379,375	( 303,924)

Other interest receivable and similar income	10	169,918	86,370
Interest payable and similar expenses	11	22,664	8,404
		------------	------------
Profit/(loss) before taxation		526,629	( 225,958)

Tax on profit/(loss)	12	149,793	43,066
		---------	---------
Profit/(loss) for the financial period and total comprehensive income		376,836	( 269,024)
		---------	---------

Dividends paid and payable	13	( 693,000)	( 462,000)

Retained earnings at the start of the period	4,075,132	4,806,156
	------------	------------
Retained earnings at the end of the period	3,758,968	4,075,132
	------------	------------

All the activities of the company are from continuing operations.

Newbank Garden Centre Limited

Statement of Financial Position

31 July 2025

	31 Jul 25		29 Feb 24
Note	£	£	£

Fixed assets

Intangible assets	14	166,000	228,250
Tangible assets	15	601,034	782,507
		---------	------------
		767,034	1,010,757

Current assets

Stocks	16	2,766,866	3,956,793
Debtors	17	338,599	454,256
Cash at bank and in hand		5,340,554	2,703,522
		------------	------------
		8,446,019	7,114,571

Creditors: amounts falling due within one year	18	4,858,365		3,391,012
		------------		------------
Net current assets			3,587,654	3,723,559
			------------	------------
Total assets less current liabilities			4,354,688	4,734,316

Creditors: amounts falling due after more than one year	19		127,317	154,474

Provisions

Taxation including deferred tax	21	118,303	154,610
		------------	------------
Net assets		4,109,068	4,425,232
		------------	------------

Capital and reserves

Called up share capital	24	110	110
Share premium account	25	349,990	349,990
Profit and loss account	25	3,758,968	4,075,132
		------------	------------
Shareholders funds		4,109,068	4,425,232
		------------	------------

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

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Mr C J Hartle

Director

Company registration number: 01555210

Newbank Garden Centre Limited

Notes to the Financial Statements

Period from 1 March 2024 to 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Prince of Wales House, 18/19 Salmon Fields Business Village, Royton, Oldham, OL2 6HT and the registered number is 01555210 .

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure of long or short period

The end of the company's reporting period was changed to 31 July, resulting in the financial statements covering a period longer than one year. This was done to better reflect the seasonal nature of the business as 31 July typically represents the end of the busiest season for the company.

Going concern

At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cashflows.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There is significant estimation uncertainty in respect of depreciation and obsolescence provision for stock. Management reviews inventory on a regular basis to identify items at risk of becoming obsolete. Higher-risk stock is assessed weekly, and where necessary, selling prices are adjusted to facilitate timely disposal. In determining whether inventory is impaired, management consider factors such as current market demand and seasonality. These assessments involve judgement and may require estimation of future sales trends and recoverable amounts. Tangible fixed assets are depreciated over their estimated useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, (usually on despatch or retail sale of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating lease income

Rental income from property leased from the parent company and leased out under operating leases is recognised in the Statement of Income and Retained Earnings on a straight line basis over the term of the lease.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the Statement of Income and Retained Earnings.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	Period from
	1 Mar 24 to	Year to
	31 Jul 25	29 Feb 24
	£	£
Sale of goods	23,878,810	15,348,555
	-------------	-------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Other operating income

	Period from
	1 Mar 24 to	Year to
	31 Jul 25	29 Feb 24
	£	£
Rental income	304,671	175,396
Other operating income	2,379	5,466
	---------	---------
	307,050	180,862
	---------	---------

6. Operating profit/(loss)

Operating profit or loss is stated after charging/crediting:

	Period from
	1 Mar 24 to	Year to
	31 Jul 25	29 Feb 24
	£	£
Amortisation of intangible assets	62,250	42,911
Depreciation of tangible assets	241,664	184,790
Gains on disposal of tangible assets	( 757)	( 6,613)
Impairment of trade debtors	–	(142)
Operating lease rentals	41,243	33,097
Foreign exchange differences	141	114,062
Operating lease property	802,683	566,600
	---------	---------

7. Auditor's remuneration

	Period from
	1 Mar 24 to	Year to
	31 Jul 25	29 Feb 24
	£	£
Fees payable for the audit of the financial statements	21,112	18,112
	--------	--------

8. Staff costs

The average number of persons employed by the company during the period, including the directors, amounted to:

	31 Jul 25	29 Feb 24
	No.	No.
Administrative staff	4	3
Management staff	16	17
Number of other permanent staff	130	123
Number of other temporary staff	38	35
	----	----
	188	178
	----	----

The aggregate payroll costs incurred during the period, relating to the above, were:

	Period from
	1 Mar 24 to	Year to
	31 Jul 25	29 Feb 24
	£	£
Wages and salaries	6,306,808	4,316,421
Social security costs	613,650	394,089
Other pension costs	76,179	48,285
	------------	------------
	6,996,637	4,758,795
	------------	------------

Along with directors' remuneration the company has incurred remuneration costs for key management personnel totalling £639,530 (2024: £344,220).

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	Period from
	1 Mar 24 to	Year to
	31 Jul 25	29 Feb 24
	£	£
Remuneration	1,336,640	1,064,000
	------------	------------

Remuneration of the highest paid director in respect of qualifying services:

	Period from
	1 Mar 24 to	Year to
	31 Jul 25	29 Feb 24
	£	£
Aggregate remuneration	685,440	544,000
	---------	---------

Directors are also remunerated by dividends paid by the parent company totalling £693,000 during the period (2024: £462,000).

10. Other interest receivable and similar income

	Period from
	1 Mar 24 to	Year to
	31 Jul 25	29 Feb 24
	£	£
Interest on cash and cash equivalents	149,817	86,370
Other interest receivable and similar income	20,101	–
	---------	--------
	169,918	86,370
	---------	--------

11. Interest payable and similar expenses

	Period from
	1 Mar 24 to	Year to
	31 Jul 25	29 Feb 24
	£	£
Interest on banks loans and overdrafts	–	16
Interest on obligations under finance leases and hire purchase contracts	22,664	8,334
Other interest payable and similar charges	–	54
	--------	-------
	22,664	8,404
	--------	-------

12. Tax on profit/(loss)

Major components of tax expense

	Period from
	1 Mar 24 to	Year to
	31 Jul 25	29 Feb 24
	£	£

Current tax:

UK current tax expense	186,100	–
Adjustments in respect of prior periods	–	( 1,060)
	---------	-------
Total current tax	186,100	( 1,060)
	---------	-------

Deferred tax:

Origination and reversal of timing differences	( 36,307)	44,126
	---------	--------
Tax on profit/(loss)	149,793	43,066
	---------	--------

Reconciliation of tax expense

The tax assessed on the profit/(loss) on ordinary activities for the period is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 24.50 %).

	Period from
	1 Mar 24 to	Year to
	31 Jul 25	29 Feb 24
	£	£
Profit/(loss) on ordinary activities before taxation	526,629	( 225,958)
	---------	---------
Profit/(loss) on ordinary activities by rate of tax	131,657	( 55,360)
Adjustment to tax charge in respect of prior periods	–	( 1,060)
Effect of capital allowances and depreciation	–	( 9,029)
Utilisation of tax losses	–	64,389
Effect of timing differences	18,136	44,126
	---------	---------
Tax on profit/(loss)	149,793	43,066
	---------	---------

13. Dividends

Dividends paid during the period (excluding those for which a liability existed at the end of the prior period):

	31 Jul 25	29 Feb 24
	£	£
Dividends on equity shares	693,000	462,000
	---------	---------

14. Intangible assets

	Goodwill
	£
Cost
At 1 March 2024 and 31 July 2025	1,172,349
	------------
Amortisation
At 1 March 2024	944,099
Charge for the period	62,250
	------------
At 31 July 2025	1,006,349
	------------
Carrying amount
At 31 July 2025	166,000
	------------
At 29 February 2024	228,250
	------------

15. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 March 2024	1,116,096	643,626	516,275	2,275,997
Additions	2,834	7,600	52,000	62,434
Disposals	–	–	( 17,282)	( 17,282)
	------------	---------	---------	------------
At 31 July 2025	1,118,930	651,226	550,993	2,321,149
	------------	---------	---------	------------
Depreciation
At 1 March 2024	806,529	468,401	218,560	1,493,490
Charge for the period	70,226	41,136	130,302	241,664
Disposals	–	–	( 15,039)	( 15,039)
	------------	---------	---------	------------
At 31 July 2025	876,755	509,537	333,823	1,720,115
	------------	---------	---------	------------
Carrying amount
At 31 July 2025	242,175	141,689	217,170	601,034
	------------	---------	---------	------------
At 29 February 2024	309,567	175,225	297,715	782,507
	------------	---------	---------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31 July 2025	143,138
	---------
At 29 February 2024	229,022
	---------

16. Stocks

	31 Jul 25	29 Feb 24
	£	£
Finished goods and goods for resale	2,766,866	3,956,793
	------------	------------

17. Debtors

	31 Jul 25	29 Feb 24
	£	£
Prepayments and accrued income	317,644	45,039
Corporation tax repayable	–	234,130
Other debtors	20,955	175,087
	---------	---------
	338,599	454,256
	---------	---------

18. Creditors: amounts falling due within one year

	31 Jul 25	29 Feb 24
	£	£
Bank loans and overdrafts	56,516	144,274
Trade creditors	1,290,169	1,323,090
Amounts owed to group undertakings	2,479,809	1,257,431
Accruals and deferred income	132,707	436,666
Corporation tax	186,100	–
Social security and other taxes	633,278	198,035
Obligations under finance leases and hire purchase contracts	19,170	19,170
Director loan accounts	55,306	–
Other creditors	5,310	12,346
	------------	------------
	4,858,365	3,391,012
	------------	------------

19. Creditors: amounts falling due after more than one year

	31 Jul 25	29 Feb 24
	£	£
Obligations under finance leases and hire purchase contracts	127,317	154,474
	---------	---------

20. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	31 Jul 25	29 Feb 24
	£	£
Not later than 1 year	19,170	19,170
Later than 1 year and not later than 5 years	127,317	154,474
	---------	---------
	146,487	173,644
	---------	---------

The hire purchase liability is secured on the assets acquired.

21. Provisions

	Deferred tax (note 22)
	£
At 1 March 2024	154,610
Charge against provision	( 36,307)
	---------
At 31 July 2025	118,303
	---------

22. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	31 Jul 25	29 Feb 24
	£	£
Included in provisions (note 21)	118,303	154,610
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	31 Jul 25	29 Feb 24
	£	£
Accelerated capital allowances	118,303	154,610
	---------	---------

23. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 76,179 (2024: £ 48,285 ).

24. Called up share capital

Issued, called up and fully paid

	31 Jul 25		29 Feb 24
	No.	£	No.	£
Ordinary shares of £ 1 each	110	110	110	110
	----	----	----	----

25. Reserves

Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs. Profit and loss account - This reserve records retained earnings and accumulated losses.

26. Operating leases

As lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:

	31 Jul 25	29 Feb 24
	£	£
Not later than 1 year	561,100	561,100
Later than 1 year and not later than 5 years	2,244,400	2,244,400
Later than 5 years	140,275	935,167
	------------	------------
	2,945,775	3,740,667
	------------	------------

As lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:

	31 Jul 25	29 Feb 24
	£	£
Not later than 1 year	220,139	195,657
Later than 1 year and not later than 5 years	236,704	338,783
	---------	---------
	456,843	534,440
	---------	---------

27. Directors' advances, credits and guarantees

During the period the total amounts paid by the directors to the company totalled £1,281,823 (2024: £108,605) and the total amount advanced to the directors totalled £1,226,517 (2024: £1,417,151). The overall credit balance on these loan accounts was £55,306 at the period end (2024: £nil - £1,308,546 overdrawn balance transferred to parent company at 29 February 2024). No interest has been charged and the loans were repayable in full or in part on demand throughout the current period and the prior year. As at the period end one of the directors' loan accounts was overdrawn £109,395 (2024: £nil). The balance brought forward was £nil. During the period the amounts paid by the director to the company totalled £457,927 and the total amounts advanced to the director by the company totalled £567,322. The terms for this loan are the same as those stated above.

28. Related party transactions

A director and majority shareholder of the parent company wholly owns the majority of the land and buildings at the Bury and Royton branches. No rent has been charged to the company by the director during the period (2024: £nil). During the period the company advanced a member of key management personnel £nil (2024: £82,546). The balance of the loan at the period end is £7,242 (2024: £163,546). The loan is interest free and repayable on demand.

29. Controlling party

Hartle Garden Centre Holdings Limited is the parent company. The results of the company are included within the consolidated accounts of the parent company and the consolidated accounts can be obtained from Companies House. The ultimate controlling party of the company continues to be John Lees Hartle.