Your Local Garden Centre Group Ltd

Registered number

09112017

Report and Financial Statements

31 December 2024

Your Local Garden Centre Group Ltd
Report and accounts
Contents




Page

Company information	1
Directors' report	2
Strategic report	3
Independent auditor's report	4
Income statement	7
Statement of comprehensive income	8
Statement of financial position	9
Statement of changes in equity	10
Notes to the financial statements	11

Your Local Garden Centre Group Ltd

Company Information

Directors

Mr P O Richards

Ms C A Richards

Secretaries

Mr D A Thomas

Mr G J Marsh (appointed 9th Dec 2025)

Auditors

TC Group

10 Bridge Street

Christchurch

Dorset

BH23 1EF

Bankers

Lloyds Bank plc

25 Gresham Street

London

EC2V 7HN

Registered office

397 Christchurch Road

West Parley

Ferndown

Dorset

BH22 8SJ

Registered number

09112017

Your Local Garden Centre Group Ltd
Registered number:		09112017
Directors' Report

The directors present their report and financial statements for the year ended 31 December 2024.
Principal activities
The company's principal activity during the year continued to be operation of garden centres, including retail of gardening, leisure and related products, coffee shops and concession tenants.

Information included in the Strategic Report In accordance with S414C certain matters which are required to be disclosed in the Reports of the Directors have been omitted as they are included in the Strategic Report. These matters relate to the review of the business and financial performance, principal risks and uncertainties and future developments.
Future developments
we look to expand

Dividends
During the year the directors declared an interim dividend of £30 000. This was paid in equal monthly installments through the year. No final dividend is proposed.

Directors
The following persons served as directors during the year:

	Mr P O Richards
	Ms C A Richards
Directors' responsibilities

The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 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 of 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 judgements and estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
●	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.


Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:
●	so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
●	he has taken all the steps that he ought to have taken as a director in order to make himself 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 on 22 December 2025 and signed on its behalf.


Paul Richards
Director

Your Local Garden Centre Group Ltd
Strategic Report

The directors present their strategic report for the company for the year ended 31 December 2024. Review of the Business The company operates 3 garden centres – Alver Valley (Gosport, Hampshire), Findon Vale (Worthing, West Sussex) and Mappleborough Green (Redditch, Warwickshire) - with a small head office located in West Parley, Bournemouth. The garden centres retail a selection of gardening and leisure products, plants and operate coffee shops, and include a number of concessions offering a range of related products and services. Trading through the period was strong. Although impacted by the cool, wet spring, which held back sales through the key trading period for the garden centres, the business has a very robust model that mitigates the impact of uncertain weather patterns through the widening of the retail offer, strong catering/hospitality offer and concession tenants. Margins were impacted by the increasing cost base, particularly statutory payroll increases, and a customer base impacted by economic uncertainty. Turnover for the year was £10.0M (2023 £7.5M), with growth generated of 33%. Operating Profit before exceptional costs (relating to the Findon Vale GC development) for the company was £358k (2023: £116k). The board considers these to be the key performance indicators for the year.
The board continues to be confident in the future demand for garden centre offerings, and has further invested in the operations during the year. In particular, a significant redevelopment of the Findon Vale centre (acquired at the end of 2023 and reopened in March 2024), progressed through the year. £1,062k of costs incurred as part of the Findon Vale development were expensed in the year, and presented as Exceptional Costs on the Income Statement. As part of its focus on minimising the environmental impact of its operations, the company has continued to invest in pv cells to generate electricity for its garden centres, with a new installation at Findon Vale as part of the redevelopment. All the garden centres of the group now have such installations. Other measure taken include a switch to EVs for its car fleet. Future Developments The recent investment at Findon Garden Centre, combined with the strengthening of the team at the centre has driven significant revenue growth in 2025, and it is expected to continue to grow strongly in the coming years. Supported by a strong head office team, the board continues to review potential acquisition and other future investment opportunities on an ongoing basis. Principal Risks and Uncertainties The board considers and assesses the key risks to the business, and works to mitigate risks as far as practicable. Impacts of the weather and economy on demand for gardening and leisure products are key risks and uncertainties facing the business, which, as mentioned, the board has worked to mitigate throught the broadening of its offering. Additionally, economic and political stability can impact input prices. Cyber attack and its potential consequences could significantly impact the company's operations, and the company takes steps to minimise the likelihood and impact of a successful attack.

This report was approved by the board on 22 December 2025 and signed on its behalf.



Paul Richards
Director

Your Local Garden Centre Group Ltd
Independent auditor's report
to the members of Your Local Garden Centre Group Ltd

Qualified Opinion

We have audited the financial statements of Your Local Garden Centre Group Ltd (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements:
●	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year 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 qualified opinion
We were not appointed as auditor of the company until after 31 December 2024 and thus did not observe the counting of physical inventories at the end of the year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 December 2024, which are included in the balance sheet at £1,528,542, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary. In addition, were any adjustment to the inventory balance to be required, the strategic report would also need to be amended.

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 qualified opinion.

Key audit matters
Except for the matter described in the basis for qualified opinion section, we have determined that there are no key audit matters to be communicated in our report.

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 annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. 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.
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 course of 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 this gives rise to 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. As described in the basis for qualified opinion section of our report, we were unable to satisfy ourselves concerning the inventory quantities of £1,528,542 held at 31 December 2024. We have concluded that where the other information refers to the inventory balance or related balances such as operating profit, it may be materially misstated for the same reason.

Opinions on other matters prescribed by the Companies Act 2006
Except for the possible effects of the matter described in the basis for qualified opinion section of our report, 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 year 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

Except for the matter described in the basis for qualified opinion section of our report, 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.

Arising solely from the limitation on the scope of our work relating to inventory, referred to above:
●	we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and
●	we were unable to determine whether adequate accounting records have been kept.

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:

●

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.

Other Matters
The comparative financial statements are unaudited.

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. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud
The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.
Our approach was as follows:
• We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors and other management (as required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations;
• We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations in the UK;
• We considered the nature of the industry, the control environment and business performance, including the key drivers for management’s remuneration;
• We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit;
• We considered the procedures and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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.


I M Rodd BSc FCA FCCA (Senior Statutory Auditor)
for and on behalf of TC Group, Statutory Auditor

10 Bridge Street
Christchurch
Dorset
BH23 1EF

Date:	22 December 2025

Your Local Garden Centre Group Ltd
Income Statement
for the year ended 31 December 2024


Notes		2024		2023
Restated
£			£

Turnover	2	9,997,181		7,473,431

Cost of sales		(4,797,264)		(3,671,904)

Gross profit		5,199,917		3,801,527

Administrative expenses		(5,244,121)		(4,037,023)
Other operating income		401,866		351,863

Operating profit before exceptionals	3	357,662		116,367

Exceptional costs	3	(1,062,180)		(229,295)

Operating loss		(704,518)		(112,928)

Loss on sale of fixed assets		-		(456)
Interest receivable		1,723		4
Interest payable	6	(67,233)		(53,519)

Loss on ordinary activities before taxation		(770,028)		(166,899)

Tax on loss on ordinary activities	7	57,566		-

Loss for the financial year		(712,462)		(166,899)

Your Local Garden Centre Group Ltd
Statement of Comprehensive Income
for the year ended 31 December 2024


Notes	2024		2023
Restated
£		£

Loss for the financial year	(712,462)		(166,899)

Other comprehensive income	-		-

Total comprehensive income for the year	(712,462)		(166,899)

Your Local Garden Centre Group Ltd
Registered number:		09112017
Statement of Financial Position
as at 31 December 2024

Notes			2024			2023
Restated
£				£
Fixed assets
Tangible assets	9		8,002,496			7,764,435

Current assets
Stocks	10	1,528,542			1,257,844
Debtors	11	161,532			480,922
Cash at bank and in hand	12	166,758			390,879
		1,856,832			2,129,645

Creditors: amounts falling due within one year	13	(1,988,223)			(1,366,778)

Net current (liabilities)/assets			(131,391)			762,867

Total assets less current liabilities			7,871,105			8,527,302

Creditors: amounts falling due after more than one year	14		(5,946,300)			(5,802,469)

Provisions for liabilities
Deferred taxation	16		-			(57,566)

Net assets			1,924,805			2,667,267

Capital and reserves
Called up share capital	17		1,901,000			1,901,000
Profit and loss account	18		23,805			766,267

Total equity			1,924,805			2,667,267




Paul Richards
Director
Approved by the board on 22 December 2025

Your Local Garden Centre Group Ltd
Statement of Changes in Equity
for the year ended 31 December 2024

Share		Share		Other		Profit		Total
capital		premium		reserves		and loss
account
£		£		£		£		£

At 1 January 2023	1,901,000		-		-		963,166		2,864,166

Profit for the financial year							146,507		146,507

Dividends							(30,000)		(30,000)

At 31 December 2023	1,901,000		-		-		1,079,673		2,980,673
Correction of prior year misstatements							(313,406)		(313,406)



At 1 January 2024	1,901,000		-		-		766,267		2,667,267

Loss for the financial year							(712,462)		(712,462)

Dividends							(30,000)		(30,000)

At 31 December 2024	1,901,000		-		-		23,805		1,924,805

Your Local Garden Centre Group Ltd
Notes to the Accounts
for the year ended 31 December 2024

1	Summary of significant accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Summary of 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 Cash Flows. Your Local Garden Centre Group Limited meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of disclosure exemptions available to it in respect of its separate financial statements, which are presented alongside the consolidated financial statements. Exemptions have been taken in relation to presentation of a cash flow statement.

	Summary of significant accounting policies and key accounting estimates
	The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. A key estimate is that included within accruals and deferred income is a balance of £93,511 which relates to a customer loyalty scheme. Within this creditor is an assumption of a 65% redemption rate in the future. Any changes to this assumption would change the creditor balance recorded in the financial statements.

	Going Concern
	The financial statements have been prepared on a going concern basis. The directors have considered the company’s financial position, cash flow forecasts, and future trading prospects, including anticipated returns from the recent garden centre developments. After reviewing these forecasts and making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from the signing of these financial statements.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets - goodwill
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation of goodwill is over its estimated economic life of 5 years.

	Tangible fixed assets

	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and buildings					over 50 years

Leasehold improvements

over 50 years

Plant and machinery

20% reducing balance

Fixtures, fittings, tools and equipment

20% reducing balance

	Motor vehicles					20% reducing balance

	Investment property
	Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in profit or loss.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Share capital
	Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

	Dividends
	Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

	Prior period adjustment
	In 2023 there was £229,294 of capital expenditure on the Findon Vale site that should have been a revenue expenditure. This is now an exceptional cost in 2023, and consequently there is a reduction to the depreciation charge for 2023 of £4,584. There has also been an adjustment of £73,021 relating to rent not accrued for Alver Valley and £15,675 of interest on HP and finance loans not charged in 2023. These have been corrected, and the 2023 figures have been restated. This has reduced the profit for 2023 by £313,406.

2	Analysis of turnover							2024		2023
£									£

	Sale of goods							9,997,181		7,473,431

	By geographical market:

	UK							9,997,181		7,473,431

	By class of business:

	Garden centre retail & coffee shops							9,997,181		7,473,431


3	Operating profit							2024		2023
Restated
£									£
	This is stated after charging:

	Depreciation of owned fixed assets							558,953		479,487
	Depreciation of assets held under finance leases and hire purchase contracts							1,509		-
	Operating lease rentals - land and buildings							248,912		192,892
	Auditors' remuneration for audit services							12,095		-
	Carrying amount of stock sold							4,797,264		3,671,904
	Exceptional Items							1,062,180		229,295

	Exceptional items were one-off expensed items relating to the redevelopment of Findon Vale Garden Centre. These costs are considered to be exceptional by the board due to their non-recurring nature and significant impact on the results for the year.

4	Directors' emoluments							2024		2023
£									£

	Emoluments							2,760		2,860

5	Staff costs							2024		2023
£									£

	Wages and salaries							2,751,961		1,992,772
	Social security costs							199,399		140,299
	Other pension costs							40,790		31,962
								2,992,150		2,165,033


	Average number of employees during the year							Number	Number

	Administration							18		17
	Marketing							1		1
	Sales							140		102
								159		120

6	Interest payable							2024		2023
£									£

	Bank loans and overdrafts							30,805		28,484
	Finance charges payable under finance leases and hire purchase contracts							36,428		25,035
								67,233		53,519


7	Taxation							2024		2023
£									£
	Analysis of charge in period
	Deferred tax:
	Origination and reversal of timing differences							(57,566)		-


	Tax on loss on ordinary activities							(57,566)		-

	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

								2024		2023
£									£
	Loss on ordinary activities before tax							(770,028)		(166,899)

	UK rate of corporation tax charged							19%		19%

£									£
	Profit on ordinary activities multiplied by the standard rate of corporation tax							(146,305)		(31,711)

	Effects of:
	Capital allowances for period in excess of depreciation							(58,783)		(37,493)
	Derecognition of deferred tax balance							(57,566)
	Losses carried forward							205,088		69,204

	Current tax charge / (credit) for period									-


	Factors that may affect future tax charges



8	Intangible fixed assets									£	£
	Goodwill:

	Cost
	At 1 January 2024									125,000
	At 31 December 2024									125,000

	Amortisation
	At 1 January 2024									125,000
	At 31 December 2024									125,000

	Carrying amount
	At 31 December 2024									-

	Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.

9	Tangible fixed assets
		Land and buildings		Leasehold Improvements		Plant and machinery etc		Motor vehicles		Total	Total
		At cost	At Cost			At cost		At cost
£			£		£		£		£		£
	Cost or valuation
	At 1 January 2024 restated	1,896,397		4,842,112		1,698,758		849,814		9,287,081
	Additions	-		11,340		548,380		238,803		798,523
	At 31 December 2024	1,896,397		4,853,452		2,247,138		1,088,617		10,085,604

	Depreciation
	At 1 January 2024	250,474		96,838		834,842		340,492		1,522,646
	Charge for the year	38,332		97,065		274,381		150,684		560,462
	At 31 December 2024	288,806		193,903		1,109,223		491,176		2,083,108

	Carrying amount
	At 31 December 2024	1,607,591		4,659,549		1,137,915		597,441		8,002,496
	At 31 December 2023 restated	1,645,923		4,745,274		863,916		509,322		7,764,435

	The assets within Land and Buildings are held under a short leasehold, and those within Leasehold Improvements are under a long leasehold.

								2024		2023
£									£
	Carrying value of plant and machinery included above held under finance leases and hire purchase contracts							385,175		458,828


10	Stocks							2024		2023
£									£

	Finished goods and goods for resale							1,528,542		1,257,844


11	Debtors							2024		2023
£									£

	Trade debtors							70,026		39,433
	Other debtors							1,969		390,214
	Prepayments and accrued income							89,537		51,275
								161,532		480,922


12	Cash and cash equivalents							2024		2023
£									£

	Cash in hand							39,517		43,951
	Cash at bank							127,241		346,928
								166,758		390,879


13	Creditors: amounts falling due within one year							2024		2023
Restated
£									£

	Bank loans							-		46,000
	Obligations under finance lease and hire purchase contracts							213,084		227,362
	Trade creditors							889,934		535,240
	Corporation tax							-		(26,736)
	Other taxes and social security costs							233,570		121,117
	Other creditors							425,863		201,092
	Accruals and deferred income							225,772		262,703
								1,988,223		1,366,778

14	Creditors: amounts falling due after one year							2024		2023
Restated
£									£

	Bank loans							500,000		82,222
	Obligations under finance lease and hire purchase contracts							182,252		146,151
	Amounts owed to group undertakings and undertakings in which the company has a participating interest							1,997,675		2,139,000
	Other creditors							3,266,373		3,435,096
								5,946,300		5,802,469

	Within the above Mr P O Richards has assisted the company to develop a new garden centre by way of loaning the company £2,958,040 (2023: £3,472,595). The loan is interest free and will not be repaid until the trade at that centre has been established.

	Charges are held by Lloyds Bank plc which include fixed, floating and negative pledge on the land and property at our Alver Valley site.

	Paul Richards, Brunel Trustees Limited and the Trustees of the Golden Acres Nurseries Retirement Benefit Scheme have a charge and negative pledge over the Mappleborough Green site. This property is owned by the parent entity of Garden Centre Holdings Limited.


15	Obligations under finance leases and hire purchase							2024		2023
	contracts									Restated
£									£

	Amounts payable:
	Within one year							213,084		227,362
	Within two to five years							182,252		146,151
								395,336		373,513


16	Deferred taxation							2024		2023
£									£

	Accelerated capital allowances							-		57,566


								2024		2023
£									£

	At 1 January							57,566		57,883
	Credited to the profit and loss account							(57,566)		(317)

	At 31 December							-		57,566



	The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £40,790 (2023 - £31,962).
17	Share capital	Nominal				2024		2024		2023
value			Number				£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each				1,901,000		1,901,000		1,901,000


18	Profit and loss account							2024		2023
Restated
£									£

	At 1 January							766,267		963,166
	Loss for the financial year							(712,462)		(166,899)
	Dividends							(30,000)		(30,000)

	At 31 December							23,805		766,267

19	Dividends							2024		2023
£									£

	Dividends on ordinary shares (note 18)							30,000		30,000



20	Related party transactions

	During the year the company made sales to Stansted Park Garden Centre Limited (company number 11341213), a company under common control, of £232,273 (2023: £317,134) with an outstanding debtor balance at year end of £40,398 (2023: £34,987). The company also purchased goods from the company under common control in the year of £52,045 (2023: £58,522) with an outstanding creditor at year end of £1,667 (2023: £18,612).

	The company paid £225,832 (2023: £73,022) of operating lease rental charges at arm's length on behalf of the parent company Garden Centre Holdings Limited.

	During the year ended, the company made sales to Plants for Trade Ltd (company number 09190446), a company solely owned by a close family member of the ultimate controlling party, of £64,326 (2023: £59,409) with an outstanding debtor balance at year end of £1,337 (2023: £15,113). The company also purchased goods from the company under common control in the year of £20,776 (2023: £13,455) with an outstanding creditor at year end of £7,627 (2023: £4,720).

	Held within creditors at the year end is a loan of £408,333 owed to Golden Acre's Retirement Benefit Scheme, a pension scheme under common control.

	Held within other debtors in the prior year was a £362k balance owed from Mainchannel Developments Limited (company number 09597524), a related company via common control.


22	Directors' Transactions

	Within creditors Mr P O Richards has assisted the company to develop a new garden centre by way of directors loan. The balance brought forward was £3,472,596 (2023: £4,028,877) with advances of nil (2023: £554,176) and repayments of £514,556 (2023: £1,110,458) meaning the year end balance still due to the director is £2,958,040 (2023: £3,472,596).

21	Controlling party

	The ultimate controlling party is Mr P O Richards, who is majority shareholder of Garden Centre Holdings Limited, which owns 100% of the issued share capital of the company.


22	Presentation currency

	The financial statements are presented in Sterling.


23	Legal form of entity and country of incorporation

	Your Local Garden Centre Group Ltd is a private company limited by shares and incorporated in England.


24	Principal place of business

	The company does not have a principal place of business as it has three garden centres. The registered office is detailed on the Company information page.