Style Gardens Limited - Limited company - abbreviated - 11.0.0
Style Gardens Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| STYLE GARDENS LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| STYLE GARDENS LIMITED (REGISTERED NUMBER: 03876990) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| STYLE GARDENS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| CHARTERED ACCOUNTANTS |
| STYLE GARDENS LIMITED (REGISTERED NUMBER: 03876990) |
| ABBREVIATED BALANCE SHEET |
| 31 JANUARY 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) | ( |
) |
| ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| STYLE GARDENS LIMITED (REGISTERED NUMBER: 03876990) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 JANUARY 2014 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| STYLE GARDENS LIMITED (REGISTERED NUMBER: 03876990) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| 1. | ACCOUNTING POLICIES |
| Going concern |
| At the Balance sheet date the company had net current liabilities of £57,235 and the net liabilities of |
| £87,945. The directors are aware of the position and have taken steps with a view to securing the |
| future of the company.The profits of the company have been steadily increasing in the last two years. |
| The company can also rely on the continued support of the company's bankers and its parent company. |
| The directors have prepared forecasts for the next twelve months. They believe that these forecasts are |
| based on realistic income assumptions and are confident that the company will continue to be able to |
| meet its debts as they fall due. |
| If the company were unable to continue in operational existence for the foreseeable future, adjustments |
| would have to be made to reduce the Balance sheet values of assets to their recoverable amounts and to |
| provide for further liabilities that might arise, and to reclassify fixed assets and long term liabilities as |
| current assets and liabilities. The directors believe that it is appropriate for the financial statements to |
| be prepared on a going concern basis. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets 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. |
| Tangible fixed assets |
| Short leasehold | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at |
| their fair value. The capital element of the future payments is treated as a liability and interest is |
| charged to the Profit and Loss Account on a straight line basis. |
| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership |
| remain with the lessor are charged against profits on a straight line basis over the period of the lease. |
| STYLE GARDENS LIMITED (REGISTERED NUMBER: 03876990) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 February 2013 |
| and 31 January 2014 |
| DEPRECIATION |
| At 1 February 2013 |
| Charge for year |
| At 31 January 2014 |
| NET BOOK VALUE |
| At 31 January 2014 |
| At 31 January 2013 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary Shares of | £1 |
| 5. | ULTIMATE PARENT COMPANY |
| The company's immediate parent undertaking is S.Pugh & Sons (Garden Centre) Limited, a company |
| incorporated in England and Wales. |