Battery Garden Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07355674 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2020 to 31 December 2021

for

Battery Garden Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R H Rex

P A Rex

REGISTERED OFFICE:

119 Queen Street

Portsmouth

Hampshire

PO1 3HY

REGISTERED NUMBER:

07355674 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

CURRENT ASSETS

Stocks

394,680

262,333

Debtors

4

105,178

374,526

Cash at bank

128,565

245,038

628,423

881,897

CREDITORS

Amounts falling due within one year

5

334,114

613,024

NET CURRENT ASSETS

294,309

268,873

TOTAL ASSETS LESS CURRENT LIABILITIES

294,309

268,873

CREDITORS

Amounts falling due after more than one year

6

40,000

50,000

NET ASSETS

254,309

218,873

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

254,209

218,773

SHAREHOLDERS' FUNDS

254,309

218,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 23 March 2022 and were signed on its behalf by:

P A Rex - Director

1.	STATUTORY INFORMATION

Battery Garden 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 period 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 period was 1 (2020 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

30.9.20

£

£

Trade debtors

-

61,950

Other debtors

105,178

312,576

105,178

374,526

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

30.9.20

£

£

Bank loans and overdrafts

10,000

-

Trade creditors

45,328

188,355

Taxation and social security

9,471

5,318

Other creditors

269,315

419,351

334,114

613,024

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

30.9.20

£

£

Bank loans

40,000

50,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

10,000

7.	RELATED PARTY DISCLOSURES

Homewell Havant Ltd

Associated company

31.12.21

30.9.20

£

£

Amount due to related party at the balance sheet date

50,000

-

Scion Construction Management Ltd

Associated company

31.12.21

30.9.20

£

£

Amount due to related party at the balance sheet date

40,000

-

Day's Estates (Southsea) Ltd

Associated company

31.12.21

30.9.20

£

£

Amount due to related party at the balance sheet date

50,000

-

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R H Rex.