Garsden Pepper Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04718529 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Garsden Pepper Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M E J Duke

REGISTERED OFFICE:

c/o 40 Oxford Road

Worthing

West Sussex

BN11 1UT

REGISTERED NUMBER:

04718529 (England and Wales)

ACCOUNTANTS:

Hills & Peeks

Accountants, Business & Tax Advisers

40 Oxford Road

Worthing

West Sussex

BN11 1UT

BANKERS:

The Royal Bank of Scotland plc

Flint House

44 South Street

Chichester

West Sussex

PO19 1DS

FIXED ASSETS

Tangible assets

4

23,986

8,205

CURRENT ASSETS

Stocks

12,732

31,511

Debtors

5

49,183

30,571

Cash at bank

146,650

327,204

208,565

389,286

CREDITORS

Amounts falling due within one year

6

(34,713

)

(107,092

)

NET CURRENT ASSETS

173,852

282,194

TOTAL ASSETS LESS CURRENT LIABILITIES

197,838

290,399

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

197,836

290,397

SHAREHOLDERS' FUNDS

197,838

290,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 17 January 2020 and were signed by:

M E J Duke - Director

1.	STATUTORY INFORMATION

Garsden Pepper Limited 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.

Plant and machinery etc

-

33% on cost and 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.

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.

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 year 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 year was 4 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2018

32,377

Additions

25,135

Disposals

(1,191

)

At 30 April 2019

56,321

DEPRECIATION

At 1 May 2018

24,172

Charge for year

9,354

Eliminated on disposal

(1,191

)

At 30 April 2019

32,335

NET BOOK VALUE

At 30 April 2019

23,986

At 30 April 2018

8,205

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

41,095

9,231

Other debtors

8,088

21,340

49,183

30,571

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade creditors

21,537

44,383

Taxation and social security

436

48,436

Other creditors

12,740

14,273

34,713

107,092

7.	ULTIMATE CONTROLLING PARTY

The controlling party is M E J Duke.