REGISTERED NUMBER: 03774832

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2025 TO 29 SEPTEMBER 2025

FOR

GARLICK'S LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R D Garlick

Mrs E S Garlick

REGISTERED OFFICE:

The Sandpits

Acacia Road

Bourneville

Birmingham

West Midlands

B30 2AH

REGISTERED NUMBER:

03774832

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

34,070

92,590

34,070

92,590

CURRENT ASSETS

Stocks

13,304

40,905

Debtors

6

87,520

23,982

Cash at bank and in hand

19,980

14,292

120,804

79,179

CREDITORS

Amounts falling due within one year

7

136,219

111,902

NET CURRENT LIABILITIES

(15,415

)

(32,723

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,655

59,867

CREDITORS

Amounts falling due after more than one year

8

(5,000

)

(12,500

)

PROVISIONS FOR LIABILITIES

(2,252

)

(13,699

)

NET ASSETS

11,403

33,668

CAPITAL AND RESERVES

Called up share capital

9

20

20

Retained earnings

11,383

33,648

SHAREHOLDERS' FUNDS

11,403

33,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 2025 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 24 July 2026 and were signed on its behalf by:

R D Garlick - Director

Mrs E S Garlick - Director

1.	STATUTORY INFORMATION

Garlick's Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

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

Revenue contracts for provision of services is recognised by reference to the stage of completion when the stage of completion , costs and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials as a proportion of total costs. Where the outcome cannot be estimated reliably , revenue is recognised only to the extent of the expenses recognised that are recoverable

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful life of 15 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.

Short leasehold

-

in accordance with the property

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Stocks

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

Financial instruments

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instrumements are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Government grants

Grants towards revenue expenditure are released to profit & loss account as the related expenditure is incurred

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 29 September 2025

164,039

AMORTISATION

At 1 January 2025

and 29 September 2025

164,039

NET BOOK VALUE

At 29 September 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2025

50,620

250,999

8,338

Additions

-

-

-

Disposals

-

(48,354

)

(1,993

)

At 29 September 2025

50,620

202,645

6,345

DEPRECIATION

At 1 January 2025

29,700

207,121

7,990

Charge for period

1,650

5,200

261

Eliminated on disposal

-

(23,933

)

(1,906

)

At 29 September 2025

31,350

188,388

6,345

NET BOOK VALUE

At 29 September 2025

19,270

14,257

-

At 31 December 2024

20,920

43,878

348

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

39,563

3,477

352,997

Additions

1,916

-

1,916

Disposals

(41,479

)

(488

)

(92,314

)

At 29 September 2025

-

2,989

262,599

DEPRECIATION

At 1 January 2025

13,360

2,236

260,407

Charge for period

6,072

518

13,701

Eliminated on disposal

(19,432

)

(308

)

(45,579

)

At 29 September 2025

-

2,446

228,529

NET BOOK VALUE

At 29 September 2025

-

543

34,070

At 31 December 2024

26,203

1,241

92,590

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.25

31.12.24

£

£

Trade debtors

57,104

9,679

Other debtors

30,416

14,303

87,520

23,982

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.25

31.12.24

£

£

Bank loans and overdrafts

11,163

11,852

Trade creditors

45,470

31,033

Taxation and social security

25,426

21,746

Other creditors

54,160

47,271

136,219

111,902

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.9.25

31.12.24

£

£

Bank loans

5,000

12,500

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.9.25

31.12.24

value:

£

£

20

Ordinary

£1

20

20