Ingatestone Garden Centre Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00439055 (England and Wales)

Abbreviated Unaudited Accounts

for the Period

1 August 2013 to 31 December 2014

for

Ingatestone Garden Centre Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A R Harding

J Harding

R C Harding

J T Martin

R M Martin

Miss N R Martin

SECRETARY:

J Harding

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

00439055 (England and Wales)

ACCOUNTANTS:

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

2

5,308

91,290

CURRENT ASSETS

Stocks

160,404

150,217

Debtors

10,581

15,646

Cash at bank and in hand

5,919

48,780

176,904

214,643

CREDITORS

Amounts falling due within one year

3

197,105

604,443

NET CURRENT LIABILITIES

(20,201

)

(389,800

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,893

)

(298,510

)

CREDITORS

Amounts falling due after more than one year

3

30,301

42,950

NET LIABILITIES

(45,194

)

(341,460

)

CAPITAL AND RESERVES

Called up share capital

4

710

710

Profit and loss account

(45,904

)

(342,170

)

SHAREHOLDERS' FUNDS

(45,194

)

(341,460

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 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 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 Board of Directors on 6 July 2015 and were signed on its behalf by:

A R Harding - Director

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).

Turnover

Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional

rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company

has delivered product to the customer, the customer has accepted the products and collectability of the related

receivable is reasonably assured.

Tangible fixed assets

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

Freehold property

-

at varying rates on cost

Plant and machinery

-

at varying rates 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.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

585,772

Additions

4,894

Disposals

(396,139

)

At 31 December 2014

194,527

DEPRECIATION

At 1 August 2013

494,482

Charge for period

5,616

Eliminated on disposal

(310,879

)

At 31 December 2014

189,219

NET BOOK VALUE

At 31 December 2014

5,308

At 31 July 2013

91,290

3.

CREDITORS

Creditors include an amount of £ 40,301 (31.7.13 - £ 59,782 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.12.14

31.7.13

£

£

Repayable by instalments

-

2,950

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.7.13

value:

£

£

710

Ordinary

£1

710

710

5.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.