Evergreen Garden Supplies Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11983024 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st May 2021

for

Evergreen Garden Supplies Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Straughan

REGISTERED OFFICE:

Mott Street Nursery

Mott Street

London

E4 7RW

REGISTERED NUMBER:

11983024 (England and Wales)

ACCOUNTANTS:

Warner & Co Accountants Limited

First Floor Extension

Widbury Barns

Widbury Hill

Ware

Hertfordshire

SG12 7QE

FIXED ASSETS

Tangible assets

4

115,622

51,420

CURRENT ASSETS

Stocks

558,850

218,057

Debtors

80,512

52,170

Cash at bank

9,887

49,704

649,249

319,931

CREDITORS

Amounts falling due within one year

444,334

246,906

NET CURRENT ASSETS

204,915

73,025

TOTAL ASSETS LESS CURRENT LIABILITIES

320,537

124,445

CREDITORS

Amounts falling due after more than one year

5

45,833

-

NET ASSETS

274,704

124,445

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

274,604

124,345

274,704

124,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2021 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st May 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 9th December 2021 and were signed by:

P Straughan - Director

1.	STATUTORY INFORMATION

Evergreen Garden Supplies 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 25% on cost

Computer Equipment - 33% on cost

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st June 2020

68,850

Additions

108,925

At 31st May 2021

177,775

DEPRECIATION

At 1st June 2020

17,430

Charge for year

44,723

At 31st May 2021

62,153

NET BOOK VALUE

At 31st May 2021

115,622

At 31st May 2020

51,420

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.5.21

31.5.20

£

£

Repayable by instalments

Bank loans more 5 yr by instal

5,833

-