VALLEY GARDEN SUPPLIES LIMIT - Accounts 2014

VALLEY GARDEN SUPPLIES LIMIT - Accounts 2014

VALLEY GARDEN SUPPLIES LIMITED - Company Information

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2013-07-012014-06-3005145272falsetruehttp://www.companieshouse.gov.uk/pt:PlantMachinery2013-06-30http://www.companieshouse.gov.uk/cd:Director12013-07-012014-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2014-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2013-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2014-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-07-012014-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2013-07-012014-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-06-30http://www.companieshouse.gov.uk/pt:PositiveGoodwill2013-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2013-07-012014-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-06-30http://www.companieshouse.gov.uk/pt:PositiveGoodwill2014-06-30http://www.companieshouse.gov.uk/pt:PositiveGoodwill2013-07-012014-06-30http://www.companieshouse.gov.uk/2012-07-012013-06-30http://www.companieshouse.gov.uk/2013-07-012014-06-30http://www.companieshouse.gov.uk/2013-06-30http://www.companieshouse.gov.uk/2014-06-30http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-07-012014-06-30http://www.companieshouse.gov.uk/2013-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05145272
Valley Garden Supplies Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/06/2014
Prepared By:
EMMERSON ACCOUNTANTS LTD
ACCOUNTANTS
7a Gamma Terrace
West Road
Ransomes Europark
Ipswich
IP3 9FF

Valley Garden Supplies Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30/06/2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts4
The company's registered number is 05145272

Valley Garden Supplies Limited
Registered Number: 05145272
BALANCE SHEET AT 30/06/2014
20142013
Notes££
FIXED ASSETS
Intangible assets220,00025,000
Tangible assets34,0675,423
24,06730,423
CURRENT ASSETS
Stock4,5006,000
Debtors (amounts falling due within one year)41,8071,807
Cash at bank and in hand31,2788,618
37,58516,425
CREDITORS: Amounts falling due within one year103,16296,558
NET CURRENT LIABILITIES(65,577)(80,133)
TOTAL ASSETS LESS CURRENT LIABILITIES(41,510)(49,710)
PROVISIONS FOR LIABILITIES717717
NET LIABILITIES(42,227)(50,427)
CAPITAL AND RESERVES
Called up share capital51,0001,000
Profit and loss account(43,227)(51,427)
SHAREHOLDERS' FUNDS(42,227)(50,427)

Valley Garden Supplies Limited
Registered Number: 05145272
For the year ending 30/06/2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 14/11/2014 and signed on their behalf by
Mr P A Elkin
Director

Valley Garden Supplies Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
Commercial Vehicles 25%
1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/07/201350,00050,000
At 30/06/201450,00050,000
Depreciation
At 01/07/201325,00025,000
For the year5,0005,000
At 30/06/201430,00030,000
Net Book Amounts
At 30/06/201420,00020,000
At 30/06/201325,00025,000

Valley Garden Supplies Limited
3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/07/20138,35221,16129,513
At 30/06/20148,35221,16129,513
Depreciation
At 01/07/20135,04819,04224,090
For the year8265301,356
At 30/06/20145,87419,57225,446
Net Book Amounts
At 30/06/20142,4781,5894,067
At 30/06/20133,3042,1195,423
4. DEBTORS 20142013
££
Amounts falling due within one year:
Other Tax269269
Other debtors1,5381,538
1,8071,807
5. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
1,0001,000

Valley Garden Supplies Limited
6. TURNOVER
The turnover and pre-tax result is attributable to the supply of garden anf building supplies..
20142013
££
Sales112,50084,180
112,50084,180