Garrocher Tree Farm Retail Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC498480 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Garrocher Tree Farm Retail Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J T Craig

M D Craig

REGISTERED OFFICE:

Mount Ferguson

AYR

Ayrshire

KA6 6BY

REGISTERED NUMBER:

SC498480 (Scotland)

ACCOUNTANTS:

Campbell Dallas

3 Wellington Square

Ayr

Ayrshire

KA7 1EN

CURRENT ASSETS

Stocks

3

28,864

29,584

Debtors

4

43

43

Cash at bank

19,784

15,965

48,691

45,592

CREDITORS

Amounts falling due within one year

5

35,911

36,248

NET CURRENT ASSETS

12,780

9,344

TOTAL ASSETS LESS CURRENT LIABILITIES

12,780

9,344

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

12,680

9,244

SHAREHOLDERS' FUNDS

12,780

9,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 14 December 2018 and were signed on its behalf by:

M D Craig - Director

1.	STATUTORY INFORMATION

Garrocher Tree Farm Retail Limited is a private company, limited by shares , registered in Scotland. The company's registered number

and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts (excluding value added tax) derived from the sale of goods to customers. . The turnover and profit is

attributable to the principal activity of the Company, and is earned entirely within the United Kingdom

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.

STOCKS

2018

2017

£

£

Stock

28,864

29,584

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

VAT

43

43

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation

806

1,143

Directors' current accounts

34,330

34,330

Accrued expenses

775

775

35,911

36,248

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

1

100

100