Custom Garden Rooms Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12433269

CUSTOM GARDEN ROOMS LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 January 2025

CUSTOM GARDEN ROOMS LTD

STATEMENT OF FINANCIAL POSITION

30 January 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		61,468		67,918

CURRENT ASSETS

Stocks		15,000	5,000
Debtors	7	231,654	196,350
Cash at bank and in hand		6,563	3,807
		---------	---------
		253,217	205,157

CREDITORS: amounts falling due within one year	8	( 216,081)		( 229,608)
		---------		---------
NET CURRENT ASSETS/(LIABILITIES)			37,136		( 24,451)
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			98,604		43,467

CREDITORS: amounts falling due after more than one year	9		( 15,000)		( 25,000)

PROVISIONS	( 15,367)	( 9,959)
	--------	--------
NET ASSETS	68,237	8,508
	--------	--------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	68,236	8,507
	--------	-------
SHAREHOLDER FUNDS	68,237	8,508
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 30 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

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

CUSTOM GARDEN ROOMS LTD

STATEMENT OF FINANCIAL POSITION (continued)

30 January 2025

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:

P P Cafferty
Director

Company registration number: 12433269

CUSTOM GARDEN ROOMS LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD ENDED 30 JANUARY 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 Unit 4, Felton, Eshott Heugh Farm, Morpeth, NE65 9QH.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

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.

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.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of services provided, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

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 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 .

Tangible assets

Tangible assets are initially recorded at cost.

Depreciation

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

Showroom	-	25% reducing balance
Plant and machinery	-	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.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

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.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 5 (2024: 7 ).

5. TAX ON PROFIT

Major components of tax expense/(income)

	2025	2024
	£	£

Current tax:

UK current tax expense	25,334	1,090

Deferred tax:

Origination and reversal of timing differences	5,408	( 1,167)
	--------	-------
Tax on profit	30,742	( 77)
	--------	-------

Reconciliation of tax expense/(income)

The tax assessed on the profit on ordinary activities for the period is higher than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 19 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	90,471	2,363
	--------	-------
Profit on ordinary activities by rate of tax	22,618	448
Effect of expenses not deductible for tax purposes	1,103	1,309
Effect of capital allowances and depreciation	1,613	4,184
Utilisation of tax losses	–	( 4,851)
Deferred taxation	5,408	( 1,167)
	--------	-------
Tax on profit	30,742	( 77)
	--------	-------

6. TANGIBLE ASSETS

	Showroom	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 February 2024	125,253	6,583	31,500	163,336
Additions	–	–	10,600	10,600
	---------	-------	--------	---------
At 30 January 2025	125,253	6,583	42,100	173,936
	---------	-------	--------	---------
Depreciation
At 1 February 2024	77,660	2,541	15,217	95,418
Charge for the period	11,898	606	4,546	17,050
	---------	-------	--------	---------
At 30 January 2025	89,558	3,147	19,763	112,468
	---------	-------	--------	---------
Carrying amount
At 30 January 2025	35,695	3,436	22,337	61,468
	---------	-------	--------	---------
At 31 January 2024	47,593	4,042	16,283	67,918
	---------	-------	--------	---------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	24,608	20,533
Other debtors	207,046	175,817
	---------	---------
	231,654	196,350
	---------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	61,236	58,064
Corporation tax	44,305	17,489
Social security and other taxes	89,153	126,126
Other creditors	11,387	17,929
	---------	---------
	216,081	229,608
	---------	---------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	15,000	25,000
	--------	--------