Garlands Eventurous Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05560903 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2022

for

Garlands Eventurous Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

J E Garland

J L Garland

SECRETARY:

J L Garland

REGISTERED OFFICE:

Mythe Farm

Pinwall Lane

Sheepy Magna

Atherstone

Warwickshire

CV9 3PF

REGISTERED NUMBER:

05560903 (England and Wales)

ACCOUNTANTS:

KD3 Accountancy Services Ltd

Apex House

7 Park Lane Business Centre

Basford

Nottingham

Nottinghamshire

NG6 0DW

FIXED ASSETS

Tangible assets

4

217,500

-

CURRENT ASSETS

Debtors

5

642,295

741,905

Cash at bank

29,423

88,546

671,718

830,451

CREDITORS

Amounts falling due within one year

6

58,571

68,491

NET CURRENT ASSETS

613,147

761,960

TOTAL ASSETS LESS CURRENT LIABILITIES

830,647

761,960

CREDITORS

Amounts falling due after more than one year

7

42,572

-

NET ASSETS

788,075

761,960

CAPITAL AND RESERVES

Called up share capital

180

180

Retained earnings

787,895

761,780

788,075

761,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 21 February 2023 and were signed on its behalf by:

J E Garland - Director

J L Garland - Director

1.	STATUTORY INFORMATION

Garlands Eventurous 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.

Tangible fixed assets

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

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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

Additions

217,500

At 31 July 2022

217,500

NET BOOK VALUE

At 31 July 2022

217,500

5.

DEBTORS

31.7.22

31.7.21

£

£

Amounts falling due within one year:

Other debtors

642,294

741,905

31.7.22

31.7.21

£

£

Amounts falling due after more than one year:

Other debtors

1

-

Aggregate amounts

642,295

741,905

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Bank loans and overdrafts

5,954

50,000

Taxation and social security

6,402

4,391

Other creditors

46,215

14,100

58,571

68,491

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.22

31.7.21

£

£

Bank loans

42,572

-

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Garlands Eventurous Ltd for the year ended 31 July 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Garlands Eventurous Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Garlands Eventurous Ltd and state those matters that we have agreed to state to the Board of Directors of Garlands Eventurous Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Garlands Eventurous Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Garlands Eventurous Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Garlands Eventurous Ltd. You consider that Garlands Eventurous Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Garlands Eventurous Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

KD3 Accountancy Services Ltd

Apex House

7 Park Lane Business Centre

Basford

Nottingham

Nottinghamshire

NG6 0DW

21 February 2023