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Company Registration No. 12497814 (England and Wales)
GARNER COMMERCIALS LTD Unaudited accounts for the year ended 31 March 2026
GARNER COMMERCIALS LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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GARNER COMMERCIALS LTD Company Information for the year ended 31 March 2026
Director
Christopher Garner
Company Number
12497814 (England and Wales)
Registered Office
MANCHETTS YARD HEATH ROAD WARBOYS HUNTINGDON CAMBRIDGESHIRE PE28 2UU ENGLAND
Accountants
LeeP Accountants Unit 3F Forward Hs, Aston Business Park Shrewsbury Avenue, Woodston Peterborough Cambridgeshire PE2 7EY
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GARNER COMMERCIALS LTD for the year ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GARNER COMMERCIALS LTD for the year ended 31 March 2026 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of GARNER COMMERCIALS LTD, as a body, in accordance with the terms of our engagement letter dated 11 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of GARNER COMMERCIALS LTD and state those matters that we have agreed to state to the Board of Directors of GARNER COMMERCIALS LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GARNER COMMERCIALS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GARNER COMMERCIALS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GARNER COMMERCIALS LTD. You consider that GARNER COMMERCIALS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GARNER COMMERCIALS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
LeeP Accountants Chartered Accountants Unit 3F Forward Hs, Aston Business Park Shrewsbury Avenue, Woodston Peterborough Cambridgeshire PE2 7EY 23 May 2026
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GARNER COMMERCIALS LTD Statement of financial position as at 31 March 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
10,000 
12,000 
Tangible assets
5
86,887 
55,831 
96,887 
67,831 
Current assets
Inventories
2,500 
2,500 
Debtors
6
216,439 
205,228 
Cash at bank and in hand
46,983 
28,950 
265,922 
236,678 
Creditors: amounts falling due within one year
7
(166,536)
(115,496)
Net current assets
99,386 
121,182 
Total assets less current liabilities
196,273 
189,013 
Provisions for liabilities
Deferred tax
8
(18,407)
(16,957)
Net assets
177,866 
172,056 
Capital and reserves
Called up share capital
103 
103 
Profit and loss account
177,763 
171,953 
Shareholders' funds
177,866 
172,056 
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 May 2026 and were signed on its behalf by
Christopher Garner Director Company Registration No. 12497814
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GARNER COMMERCIALS LTD Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
GARNER COMMERCIALS LTD is a private company, limited by shares, registered in England and Wales, registration number 12497814. The registered office is MANCHETTS YARD HEATH ROAD, WARBOYS, HUNTINGDON, CAMBRIDGESHIRE, PE28 2UU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
24-48 months
Motor vehicles
48 months
Computer equipment
36 Months
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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GARNER COMMERCIALS LTD Notes to the Accounts for the year ended 31 March 2026
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2025
20,000 
At 31 March 2026
20,000 
Amortisation
At 1 April 2025
8,000 
Charge for the year
2,000 
At 31 March 2026
10,000 
Net book value
At 31 March 2026
10,000 
At 31 March 2025
12,000 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2025
104,148 
68,784 
3,882 
176,814 
Additions
10,426 
43,552 
730 
54,708 
Disposals
(3,950)
(5,300)
(567)
(9,817)
At 31 March 2026
110,624 
107,036 
4,045 
221,705 
Depreciation
At 1 April 2025
90,952 
28,358 
1,673 
120,983 
Charge for the year
7,236 
12,454 
1,125 
20,815 
On disposals
(3,203)
(3,519)
(258)
(6,980)
At 31 March 2026
94,985 
37,293 
2,540 
134,818 
Net book value
At 31 March 2026
15,639 
69,743 
1,505 
86,887 
At 31 March 2025
13,196 
40,426 
2,209 
55,831 
6
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
Trade debtors
197,815 
203,316 
Accrued income and prepayments
18,624 
1,912 
216,439 
205,228 
- 7 -
GARNER COMMERCIALS LTD Notes to the Accounts for the year ended 31 March 2026
7
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
VAT
56,467 
55,817 
Trade creditors
62,578 
(185)
Taxes and social security
43,017 
34,711 
Other creditors
1,538 
646 
Loans from directors
595 
641 
Accruals
2,341 
23,866 
166,536 
115,496 
8
Deferred taxation
2026 
2025 
£ 
£ 
Accelerated capital allowances
18,407 
16,957 
2026 
2025 
£ 
£ 
Provision at start of year
16,957 
12,498 
Charged to the profit and loss account
1,450 
4,459 
Provision at end of year
18,407 
16,957 
9
Capital commitments
2026 
2025 
£ 
£ 
At 31 March 2026, the company had contracted capital commitments of £47,436 relating to the purchase of a motor vehicle. Amounts totalling £8,712 had been paid by the balance sheet date. The remaining balance is expected to be funded under a finance arrangement following completion of the purchase in the following financial year.
10
Average number of employees
During the year the average number of employees was 14 (2025: 11).
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