The Modern Garden Company Limited - Limited company - abbreviated - 11.6

The Modern Garden Company Limited - Limited company - abbreviated - 11.6

THE MODERN GARDEN COMPANY LIMITED - Company Information

Print Friendly Version

03874618 1.1.14 31.12.14 31.12.14 Company accounts Private Limited Company FY true false true false false true false Ordinary "D" 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure038746182013-12-31038746182014-12-31038746182014-01-012014-12-31038746182012-12-31038746182013-01-012013-12-31038746182013-12-3103874618ns12:England2014-01-012014-12-3103874618ns14:PoundSterling2014-01-012014-12-3103874618ns7:Director12014-01-012014-12-3103874618ns7:OrdinaryShareClass52014-01-012014-12-3103874618ns7:RegisteredOffice2014-01-012014-12-3103874618ns7:EntityAccountantsOrAuditors2014-01-012014-12-3103874618ns5:PlantMachinery2014-01-012014-12-3103874618ns7:OrdinaryShareClass52014-12-3103874618ns7:OrdinaryShareClass52013-12-31
REGISTERED NUMBER: 03874618 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2014

FOR

THE MODERN GARDEN COMPANY LIMITED

THE MODERN GARDEN COMPANY LIMITED (REGISTERED NUMBER: 03874618)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

THE MODERN GARDEN COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2014







DIRECTOR: Ms L Isham





REGISTERED OFFICE: Hill Pasture
Church End
Broxted
Essex
CM6 2BZ





REGISTERED NUMBER: 03874618 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP
Page 1
THE MODERN GARDEN COMPANY LIMITED (REGISTERED NUMBER: 03874618)

ABBREVIATED BALANCE SHEET
31ST DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 11,212 13,350
11,212 13,350

CURRENT ASSETS
Stocks 10,463 5,755
Debtors 31,403 27,308
Cash at bank 196,216 168,112
238,082 201,175
CREDITORS
Amounts falling due within one year 121,872 92,274
NET CURRENT ASSETS 116,210 108,901
TOTAL ASSETS LESS CURRENT
LIABILITIES
127,422
122,251

PROVISIONS FOR LIABILITIES 2,122 2,524
NET ASSETS 125,300 119,727

CAPITAL AND RESERVES
Called up share capital 4 310 310
Capital redemption reserve 7,560 7,560
Other reserves 59,940 59,940
Profit and loss account 57,490 51,917
SHAREHOLDERS' FUNDS 125,300 119,727

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these abbreviated accounts

Page 2 continued...
THE MODERN GARDEN COMPANY LIMITED (REGISTERED NUMBER: 03874618)

ABBREVIATED BALANCE SHEET - continued
31ST DECEMBER 2014


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 13th August 2015 and were signed by:





Ms L Isham - Director


The notes form part of these abbreviated accounts

Page 3
THE MODERN GARDEN COMPANY LIMITED (REGISTERED NUMBER: 03874618)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2014

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors have assessed various factors and risks affecting the company and its ability in these difficult
economic times to continue to trade as a going concern. The directors have not identified any material
uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets
and liabilities as at the balance sheet date and therefore the financial statements for the year ended 31st
December 2014 have been prepared using the going concern basis of accounting.

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 net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

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

Office equipment - 25% on reducing balance

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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st January 2014
and 31st December 2014 17,500
AMORTISATION
At 1st January 2014
and 31st December 2014 17,500
NET BOOK VALUE

At 31st December 2014 -
At 31st December 2013 -

Page 4 continued...
THE MODERN GARDEN COMPANY LIMITED (REGISTERED NUMBER: 03874618)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st January 2014 36,888
Additions 1,600
At 31st December 2014 38,488
DEPRECIATION
At 1st January 2014 23,538
Charge for year 3,738
At 31st December 2014 27,276
NET BOOK VALUE
At 31st December 2014 11,212
At 31st December 2013 13,350

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
158 Ordinary "D" £1 158 158
152 Ordinary "E" £1 152 152
310 310

All classes of share rank pari passu.

Page 5