Randell Garden Design Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07808244 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

RANDELL GARDEN DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C I Randell

Mrs L Randell

REGISTERED OFFICE:

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

REGISTERED NUMBER:

07808244 (England and Wales)

ACCOUNTANTS:

Edwards Chartered Accountants

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

FIXED ASSETS

Intangible assets

4

5,042

5,542

Tangible assets

5

12,223

16,139

17,265

21,681

CURRENT ASSETS

Debtors

6

107,089

95,337

Cash at bank

-

29

107,089

95,366

CREDITORS

Amounts falling due within one year

7

99,761

85,560

NET CURRENT ASSETS

7,328

9,806

TOTAL ASSETS LESS CURRENT LIABILITIES

24,593

31,487

CREDITORS

Amounts falling due after more than one year

8

(22,022

)

(28,267

)

PROVISIONS FOR LIABILITIES

(2,322

)

(3,066

)

NET ASSETS

249

154

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

149

54

SHAREHOLDERS' FUNDS

249

154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 29 October 2021 and were signed on its behalf by:

C I Randell - Director

1.	STATUTORY INFORMATION

Randell Garden Design 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 2011, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2020 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2020

and 30 September 2021

10,000

AMORTISATION

At 1 October 2020

4,458

Amortisation for year

500

At 30 September 2021

4,958

NET BOOK VALUE

At 30 September 2021

5,042

At 30 September 2020

5,542

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2020

3,899

30,840

34,739

Additions

252

-

252

Disposals

-

(1,640

)

(1,640

)

At 30 September 2021

4,151

29,200

33,351

DEPRECIATION

At 1 October 2020

2,641

15,959

18,600

Charge for year

353

3,689

4,042

Eliminated on disposal

-

(1,514

)

(1,514

)

At 30 September 2021

2,994

18,134

21,128

NET BOOK VALUE

At 30 September 2021

1,157

11,066

12,223

At 30 September 2020

1,258

14,881

16,139

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2020

and 30 September 2021

25,000

DEPRECIATION

At 1 October 2020

11,231

Charge for year

3,442

At 30 September 2021

14,673

NET BOOK VALUE

At 30 September 2021

10,327

At 30 September 2020

13,769

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

107,089

95,337

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

21,090

21,186

Hire purchase contracts

4,800

4,800

Trade creditors

26,229

21,830

Taxation and social security

45,716

35,818

Other creditors

1,926

1,926

99,761

85,560

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

17,222

18,667

Hire purchase contracts

4,800

9,600

22,022

28,267

9.	TRANSACTIONS WITH DIRECTORS

During the year, the company voted dividends of £16,200 to each director.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, jointly.