The Thetford Garden Centre Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02658285

The Thetford Garden Centre Limited

Unaudited financial statements

31 January 2026

The Thetford Garden Centre Limited

Statement of financial position

31 January 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5	2,587,439	2,150,980
Investments	6	185,763	423,324
		-----------	-----------
		2,773,202	2,574,304

Current assets

Stocks		724,861	560,601
Debtors	7	76,824	88,408
Cash at bank and in hand		51,785	15,774
		---------	---------
		853,470	664,783

Creditors: Amounts falling due within one year	8	( 1,036,478)		( 788,810)
		-----------		---------
Net current liabilities			( 183,008)		( 124,027)
			-----------		-----------
Total assets less current liabilities			2,590,194		2,450,277

Creditors: Amounts falling due after more than one year	9		( 369,448)		( 45,970)

Provisions

Taxation including deferred tax	( 157,371)	( 144,127)
	-----------	-----------
Net assets	2,063,375	2,260,180
	-----------	-----------

Capital and reserves

Called up share capital	90,000	90,000
Revaluation reserve	58,675	307,299
Capital redemption reserve	121,995	121,995
Profit and loss account	1,792,705	1,740,886
	-----------	-----------
Shareholders funds	2,063,375	2,260,180
	-----------	-----------

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 income statement has not been delivered.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Thetford Garden Centre Limited

Statement of financial position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 16 October 2026 , and are signed on behalf of the board by:

J H Nixon

Director

Company registration number: 02658285

The Thetford Garden Centre Limited

Notes to the financial statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The company's trading address during the year was Kilverstone Road, Kilverstone, Thetford, Norfolk, IP24 2RL.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Investments

Investments are included at their market value at the balance sheet date.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The directors consider that there are no estimates or assumptions that have a significant effect on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Leasehold property	-	Over period of lease, other items 2.5% - 20% straight line
Motor vehicles	-	20% straight line
Equipment	-	5% - 33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 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 in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value.

Defined contribution plans

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Employee numbers

The average number of employees during the year was 93 (2025: 94 ).

5. Tangible assets

	Leasehold property	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 February 2025	2,655,976	101,566	1,543,808	4,301,350
Additions	531,205	–	102,374	633,579
Disposals	( 6,746)	–	( 300)	( 7,046)
	-----------	---------	-----------	-----------
At 31 January 2026	3,180,435	101,566	1,645,882	4,927,883
	-----------	---------	-----------	-----------
Depreciation
At 1 February 2025	750,309	55,775	1,344,286	2,150,370
Charge for the year	88,854	15,629	87,556	192,039
Disposals	( 1,915)	–	( 50)	( 1,965)
	-----------	---------	-----------	-----------
At 31 January 2026	837,248	71,404	1,431,792	2,340,444
	-----------	---------	-----------	-----------
Carrying amount
At 31 January 2026	2,343,187	30,162	214,090	2,587,439
	-----------	---------	-----------	-----------
At 31 January 2025	1,905,667	45,791	199,522	2,150,980
	-----------	---------	-----------	-----------

6. Investments

	Other investments other than loans
	£
Cost
At 1 February 2025	423,324
Additions	409
Disposals	( 176,557)
Revaluations	( 61,413)
	---------
At 31 January 2026	185,763
	---------
Impairment
At 1 February 2025 and 31 January 2026	–
	---------

Carrying amount
At 31 January 2026	185,763
	---------
At 31 January 2025	423,324
	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	1,230	3,068
Other debtors	75,594	85,340
	-------	-------
	76,824	88,408
	-------	-------

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	36,700	30,000
Trade creditors	469,235	470,586
Social security and other taxes	191,927	26,130
Other creditors	338,616	262,094
	-----------	---------
	1,036,478	788,810
	-----------	---------

Included in other creditors are obligations under hire purchase contracts of £44,383 (2025: £5,826) which are secured on the assets concerned. Bank loans totalling £36,700 (2025: £30,000) are secured by two of the directors.

9. Creditors: Amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	192,762	7,500
Other creditors	176,686	38,470
	---------	-------
	369,448	45,970
	---------	-------

Included in other creditors are obligations under hire purchase contracts of £176,686 (2025: £38,470) which are secured on the assets concerned. Bank loans totalling £192,762 (2025: £7,500) are secured by two of the directors.

10. Analysis of other comprehensive income

	Revaluation reserve	Profit and loss account	Total
	£	£	£
Year ended 31 January 2026
Revaluation of intangible assets other than goodwill	( 248,624)	–	( 248,624)
Reclassification from revaluation reserve to profit and loss account	–	248,624	248,624
	---------	---------	---------
	( 248,624)	248,624	–
	---------	---------	---------

Year ended 31 January 2025
Revaluation of tangible assets	( 184,041)	–	( 184,041)
Revaluation of intangible assets other than goodwill	54,086	–	54,086
Reclassification from revaluation reserve to profit and loss account	–	129,955	129,955
	---------	---------	---------
	( 129,955)	129,955	–
	---------	---------	---------

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	54,016	57,604
Later than 1 year and not later than 5 years	216,057	216,057
Later than 5 years	1,147,792	1,201,808
	-----------	-----------
	1,417,865	1,475,469
	-----------	-----------