REGISTERED NUMBER: 04595486 (England and Wales)

PENRALLT GARDEN CENTRE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P F Fletcher

Mrs L J Fletcher

SECRETARY:

Mrs L J Fletcher

REGISTERED OFFICE:

Erwlan

Moylegrove

Cardigan

Pembrokeshire

SA43 3BY

REGISTERED NUMBER:

04595486 (England and Wales)

ACCOUNTANTS:

D M B Davies Limited

Broyan House

Priory Street

Cardigan

Ceredigion

SA43 1BZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

333,175

306,806

333,175

306,806

CURRENT ASSETS

Stocks

383,750

394,160

Cash at bank and in hand

128,369

116,214

512,119

510,374

CREDITORS

Amounts falling due within one year

6

214,974

217,685

NET CURRENT ASSETS

297,145

292,689

TOTAL ASSETS LESS CURRENT LIABILITIES

630,320

599,495

PROVISIONS FOR LIABILITIES

32,765

25,309

NET ASSETS

597,555

574,186

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

597,553

574,184

SHAREHOLDERS' FUNDS

597,555

574,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

Mr P F Fletcher - Director

1.	STATUTORY INFORMATION

Penrallt Garden Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

4% on cost

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

40,000

AMORTISATION

At 1 February 2025

and 31 January 2026

40,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 February 2025

158,675

47,579

239,751

Additions

-

-

35,628

At 31 January 2026

158,675

47,579

275,379

DEPRECIATION

At 1 February 2025

26,164

7,612

170,251

Charge for year

1,238

1,903

15,770

At 31 January 2026

27,402

9,515

186,021

NET BOOK VALUE

At 31 January 2026

131,273

38,064

89,358

At 31 January 2025

132,511

39,967

69,500

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2025

17,451

170,434

6,290

640,180

Additions

-

22,795

-

58,423

At 31 January 2026

17,451

193,229

6,290

698,603

DEPRECIATION

At 1 February 2025

10,996

113,109

5,242

333,374

Charge for year

968

12,018

157

32,054

At 31 January 2026

11,964

125,127

5,399

365,428

NET BOOK VALUE

At 31 January 2026

5,487

68,102

891

333,175

At 31 January 2025

6,455

57,325

1,048

306,806

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

110,513

123,849

Taxation and social security

22,207

20,156

Other creditors

82,254

73,680

214,974

217,685

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY

Ultimate control of the Company is exercised by Mr P J Fletcher and Mrs L J Fletcher, the directors and shareholders of the Company.