Gardens Made Easy Ltd - Limited company - abbreviated - 11.6

Gardens Made Easy Ltd - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 08022422 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

Gardens Made Easy Ltd

Gardens Made Easy Ltd (Registered number: 08022422)






Contents of the Abbreviated Accounts
for the Year Ended 30 April 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Gardens Made Easy Ltd

Company Information
for the Year Ended 30 April 2014







DIRECTOR: Mr G R Hellens





REGISTERED OFFICE: Redcroft
Durham Road
Houghton Le Spring
Tyne and Wear
DH5 8NG





REGISTERED NUMBER: 08022422 (England and Wales)





ACCOUNTANTS: RHK Business Advisers LLP
Chartered Accountants
and Business Advisers
Coburg House
1 Coburg Street
Gateshead
Tyne & Wear
NE8 1NS

Gardens Made Easy Ltd (Registered number: 08022422)

Abbreviated Balance Sheet
30 April 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 32,503 37,470

CURRENT ASSETS
Stocks 986 466
Debtors 18,866 -
Cash at bank 987 1,126
20,839 1,592
CREDITORS
Amounts falling due within one year 3 40,116 37,365
NET CURRENT LIABILITIES (19,277 ) (35,773 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,226

1,697

CREDITORS
Amounts falling due after more than one
year

3

4,949

7,679
NET ASSETS/(LIABILITIES) 8,277 (5,982 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 8,177 (6,082 )
SHAREHOLDERS' FUNDS 8,277 (5,982 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 19 February 2015 and were signed by:





Mr G R Hellens - Director


Gardens Made Easy Ltd (Registered number: 08022422)

Notes to the Abbreviated Accounts
for the Year Ended 30 April 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as
a small company.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service
contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc - 25% on cost and 15% 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.

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised
in respect of all timing differences that have originated but not reversed at the balance sheet date. However,
deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the
timing differences are expected to reverse, based on tax rates and laws that have been enacted by the
balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.
The capital element of the future payments is treated as a liability.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2013 43,814
Additions 2,143
At 30 April 2014 45,957
DEPRECIATION
At 1 May 2013 6,344
Charge for year 7,110
At 30 April 2014 13,454
NET BOOK VALUE
At 30 April 2014 32,503
At 30 April 2013 37,470

3. CREDITORS

Creditors include an amount of £ 7,697 (2013 - £ 11,015 ) for which security has been given.

Gardens Made Easy Ltd (Registered number: 08022422)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 April 2014

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
95 A Ordinary £1 95 95
5 B Ordinary £1 5 5
100 100