Gardenset Associates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04951848 (England and Wales)

Unaudited Financial Statements For The Year Ended 30 November 2018

for

Gardenset Associates Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Spackman

SECRETARY:

B Spackman

REGISTERED OFFICE:

Osborne House

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

REGISTERED NUMBER:

04951848 (England and Wales)

ACCOUNTANTS:

Hunt Ford & Co

Osborne House

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

FIXED ASSETS

Tangible assets

4

47,205

4,744

CURRENT ASSETS

Debtors

5

14,047

13,377

Cash at bank and in hand

46,842

35,119

60,889

48,496

CREDITORS

Amounts falling due within one year

6

59,050

19,471

NET CURRENT ASSETS

1,839

29,025

TOTAL ASSETS LESS CURRENT LIABILITIES

49,044

33,769

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

48,943

33,668

SHAREHOLDERS' FUNDS

49,044

33,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 21 May 2019 and were signed by:

B Spackman - Director

1.	STATUTORY INFORMATION

Gardenset Associates Ltd 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.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2017

1,468

18,180

2,325

21,973

Additions

-

43,410

-

43,410

At 30 November 2018

1,468

61,590

2,325

65,383

DEPRECIATION

At 1 December 2017

1,363

14,721

1,145

17,229

Charge for year

21

692

236

949

At 30 November 2018

1,384

15,413

1,381

18,178

NET BOOK VALUE

At 30 November 2018

84

46,177

944

47,205

At 30 November 2017

105

3,459

1,180

4,744

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/18

30/11/17

£

£

Trade debtors

13,466

13,377

Other debtors

581

-

14,047

13,377

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/18

30/11/17

£

£

Hire purchase contracts

43,410

-

Taxation and social security

3,533

19,123

Other creditors

12,107

348

59,050

19,471